📢Hong Kong strengthens cryptocurrency regulation: OTC trading may be regulated by the SFC🔍

Crypto enthusiasts, pay attention, Hong Kong may soon implement stricter regulation of over-the-counter (OTC) cryptocurrency trading.

According to the South China Morning Post, the Securities and Futures Commission (SFC) of Hong Kong is considering working with the Hong Kong Customs and Excise Department (C&ED) to jointly strengthen the supervision of OTC transactions.

OTC transactions usually refer to private transactions conducted directly between large companies, which often bypass public exchanges. But now, the SFC may intervene, which will help provide a clearer regulatory framework for the cryptocurrency industry.

Why do this? One reason is that there have been some major financial losses and fraud in the cryptocurrency industry recently, especially the collapse of Japanese exchanges, which has raised concerns about the role of OTC transactions by regulators. These transactions are often operated through physical stores, and many are associated with fraudulent activities, so stricter supervision is particularly important.

SFC representatives said that they are working closely with the government and other regulators to establish a robust, clear and consistent regulatory environment to promote the sustainable and responsible development of Hong Kong's virtual asset industry.

Although the need for regulation is generally supported, some industry insiders are still concerned that the specific implementation of regulation may bring confusion, as the responsibilities of the SFC and Customs may overlap.

🗣️ Conclusion:

Hong Kong has recently strengthened its supervision of over-the-counter (OTC) cryptocurrency transactions. Although this policy may cause some volatility in the market in the short term, it will help reduce fraud and illegal transactions in the long run, thereby enhancing investor confidence.

For investors, this is a sign that a safer and more compliant market environment is taking shape; for industry participants, it means that they need to adhere to higher compliance standards and improve their risk management capabilities.

It is believed that with the continuous improvement of the regulatory system, Hong Kong's cryptocurrency market is expected to develop in a more stable and sustainable direction.

💬 What do you think of Hong Kong's possible strengthening of supervision of OTC cryptocurrency transactions? See you in the comments section!

#香港加密货币 #OTC交易 #监管加强 #金融市场 #加密货币监管

📉 Exceeding expectations: The Fed cut interest rates by 50 basis points in a single move, the first in four years!

On September 19, the Fed announced a 50 basis point rate cut, bringing the federal funds rate to 4.75%-5.00%, the first rate cut since March 2020.

Previously, the Fed raised interest rates 11 times in a row from March 2022 to July 2023, with a cumulative rate hike of 525 basis points, keeping interest rates at a 23-year high of 5.25% to 5.5%.

The Fed's FOMC statement pointed out that inflation has made progress toward the 2% target, but is still slightly higher. The risks to employment and inflation targets are in balance. The median of the dot plot shows that the federal funds rate is expected to be 4.4% at the end of 2024, lower than the 5.1% expected in June.

At the same time, Fed Chairman Powell emphasized at a press conference that the Fed will flexibly adjust the pace of interest rate cuts based on economic conditions. He said that if the economy remains robust, interest rate cuts can be slowed down; if the labor market deteriorates, the Fed will respond accordingly. Powell also mentioned that if the July non-farm payrolls report is seen in advance, the first interest rate cut may be made at the July meeting.

Powell reiterated that the Fed is committed to maintaining a strong economy and the strength of the labor market. Although the current reduction in employment has led to an increase in the unemployment rate, the demand and supply relationship in the overall labor market is becoming more balanced, so changes in the labor market are not the main factor causing inflationary pressure. Therefore, the Fed continues to maintain strong confidence in the labor market.

🗣 Viewpoint:

Overall, the Fed's decision to cut interest rates and Powell's speech convey a message. That is, in the current complex economic environment, the Fed will maintain policy flexibility and adaptability to support stable economic growth and the continued health of the labor market.

At the same time, the Fed's decision and Powell's remarks convey a cautious and optimistic attitude towards the economic outlook. It is expected that the federal funds rate will gradually fall back to a more neutral level in the next few years.

💬 What do you think of Fed Chairman Powell's remarks on policy flexibility? Will the Fed's interest rate cut decision affect your financial planning? See the comments section!

#美联储降息 #鲍威尔新闻发布会 #美国经济 #金融市场

💸 SEC fines on cryptocurrency sector surge to $4.68 billion in 2024

In 2024, the U.S. Securities and Exchange Commission (SEC) fined a record $4.68 billion in the cryptocurrency field, a staggering 3,018% increase compared to 2023.

Behind this significant growth is mainly due to the SEC’s huge fine of $4.47 billion against Terraform Labs and its co-founder Do Kwon. The case stemmed from the collapse of Terraform Labs’ algorithmic stablecoin TerraUSD, which caused investors to suffer significant financial losses.

Although the number of enforcement actions taken by the SEC in 2024 has decreased, to only 11, far down from 30 the previous year, the total amount of fines has increased significantly.

Judging from the trend analysis from 2019 to 2024, the amount of SEC fines has shown a significant upward trend, with the average fine amount increasing from US$3.39 million in 2018 to US$426 million in 2024, an increase of 12,466.37%.

However, the SEC’s tough enforcement strategy has also caused some controversy. Some in the cryptocurrency community have expressed concerns that the SEC’s measures may be too harsh. And overly strict regulation may inhibit industry innovation.

In addition, the SEC has also received some skepticism from the legal community when handling certain cases. For example, a federal judge once criticized the SEC for "malicious behavior" in the case against DEBT Box and ordered it to pay $1.8 million in legal fees. This move revealed that there were indeed violations in the SEC's enforcement actions that exceeded its legal scope. Behavior.

🤔 Opinion:

The huge fines levied by the SEC on the cryptocurrency market in 2024 reflect, to a certain extent, the regulator’s determination to strengthen supervision. However, such strong regulatory measures may also increase market volatility in the short term, affect the overall confidence in the cryptocurrency market, and may have a negative inhibitory effect on the development and innovation of the industry.

But in the long term, stricter supervision may promote market maturity, protect the rights and interests of investors, and provide a clearer operating environment for legitimate projects. Therefore, market participants need to monitor regulatory trends to adapt to changing legal requirements.

💬 Do you think high fines can effectively improve compliance in the cryptocurrency industry? Leave your opinions in the comment section!

#SEC #加密货币罚款 #加密货币监管 #金融市场 #合规性

In the cryptocurrency world, the UK is firmly in the lead!
Look at the big bosses of Binance OK, which one is not a guest of honor in London? The UK is good at finance, and the United States also gives it face. People are too lazy to check business income. If it weren't for the white leftists messing with Russia, the number of rich people in London would have doubled.
These London bigwigs are simply the behind-the-scenes financiers in the cryptocurrency world. Show up to work? Not true! They just spend money and argue with other cross-border bigwigs. London gold and Huijin speculators are all their friends. Want to find them to do projects? Don't bother, they don't understand your new concepts, and they won't invest money for you or integrate resources. Their task is to give blood transfusion to the cryptocurrency world.
Don't forget those big cryptocurrency pools, such as ETH's lido and puffer, which are also squatting in London.
The second echelon has to count those Dubai's real guns and real swords, exchanges, big dealers, super OTC, and new forces in Abu Dhabi. They are the money-making machines of the cryptocurrency world, and they are the engine!
Singapore is the third largest market, with many old OGs, old projects with big money, and small exchanges (offices, not bosses). Some big guys who have not left are also here.
This is the ecological chain of the cryptocurrency circle, and the British big guys still have the final say at the top of the pyramid!

#币圈大佬 #金融市场

📊 SEC Chairman Gensler’s new exchange definition may reshape the cryptocurrency regulatory landscape!

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s recent speech at the Treasury Market’s annual meeting hinted that cryptocurrency exchanges may face stricter regulations. He emphasized that as financial markets develop, the current definitions of exchanges and alternative trading platforms must be updated to comply with the new market environment.

Gensler pointed out that capital markets have experienced significant changes since 1998, especially the proliferation of electronic trading and algorithmic strategies, and these emerging platforms have not yet been regulated by earlier regulations. He believes that in the face of these changes, the SEC must take action to ensure that all trading platforms, including cryptocurrency exchanges, are included in the regulatory system.

At the same time, in 2022, the SEC introduced new regulations requiring Treasury trading platforms to register as brokers, and expanded the definition of traders to cover companies using algorithms and high-frequency trading to strengthen supervision of exchanges and alternative trading platforms. .

Although the proposals have been met with strong opposition from the cryptocurrency community, Gensler insists that the new regulations are essential to protect investors and financial markets. He said that although many trading platforms participate in the purchase and sale of securities, they refuse to register as dealers with the SEC, which increases market risks.

Gensler concluded by stressing that the new regulations will help narrow the regulatory gap between trading platforms and address risks to the financial system. He also specifically mentioned that these rules will cover the field of decentralized finance (DeFi).

🤓Conclusion:

The SEC has adopted final rules defining dealers, but regulatory changes for alternative trading platforms are still under review. However, the approval of this proposal is likely to cause controversy in the digital asset community, given that the question of whether cryptocurrencies are classified as securities is still debated.

Although this may bring some challenges, in the long run, a more regulated market will help enhance investor confidence and promote the healthy development of the entire industry.

💬 How do you think the SEC’s new rules will impact cryptocurrency exchanges? Should the cryptocurrency industry receive stricter regulation? Will these changes affect your cryptocurrency investment strategy?

#SEC #加密货币监管 #金融市场 #监管格局

Warning: The Fed's rate cut hides huge risks and bubbles in the crypto market
🚨 Do you really understand the#Bitcoinmarket maker's thinking? 🚨
While everyone was cheering the rise, the market makers had quietly laid out their withdrawal plan. The Fed's rate cut policy only allowed more speculative funds to flow into the market, pushing prices up, while the real traders had already prepared to cash out at high levels. 🔍
Don't believe it? Looking back at the 2017 bubble, you will find that history is always surprisingly similar. 📉
As a#contrarianinvestor, I remind everyone to stay rational, not be confused by short-term prosperity, learn to identify the market makers' routines, and avoid becoming their prey. 🚫💡
#金融市场 #投资策略 #风险管理 #加密货币

1. Interest rate cuts lead to excess liquidity Liquidity flooding: the root cause of bubbles Interest rate cuts reduce borrowing costs, increase market liquidity, and lead to a large amount of funds pouring into the cryptocurrency market. However, this liquidity flooding may not be a long-term healthy market demand, but the result of speculative behavior.

2. Irrational prosperity and market bubbles The market boom caused by interest rate cuts is often irrational, and investors pursue short-term high returns and ignore potential risks. This irrational prosperity may eventually lead to market bubbles, and once the bubble bursts, the consequences will be very serious. The cryptocurrency bubble in 2017 is an obvious example. A large amount of funds poured into the market, prices rose rapidly, and finally the bubble burst in 2018, and the market experienced a downturn and heavy losses

3. Inflationary pressure Interest rate cuts are often accompanied by rising inflation and expectations of a depreciation of the US dollar. This uncertainty in the macroeconomic environment will increase the volatility of the cryptocurrency market, and investors will face greater risks. Although it has pushed up the demand for crypto assets such as Bitcoin in the short term, it has also exacerbated market uncertainty and increased investment risks.

4. Instability in the financial market The interest rate cut policy may lead to instability in the global financial market and aggravate market volatility. In this environment, as a high-risk asset, the price of cryptocurrencies will fluctuate more violently, and investors need to be wary of potential market crashes.

5. Instability, prone to panic selling.
Short-term speculation surges Speculation surges in the interest rate cut environment


#美联储何时降息？

📈#USBLSCPI data is coming! Are financial markets ready?

Investors, fasten your seat belts, there is big news tonight!

📊 At 20:30 Beijing time, the US Bureau of Labor Statistics will release the CPI data for June 2024. This report may bring a lot of waves to the market.

According to forecasts, the unadjusted CPI annual rate in June is expected to slow to 3.1%, down from the previous 3.3%. Will this be a signal of slowing inflation? Or is it a short-term fluctuation? 🤔
#Everybeat of the US CPI data affects the heart of the Federal Reserve and our investment decisions. If the data is in line with expectations, it may consolidate the market's expectations for the Federal Reserve's interest rate cut in September and bring positive effects to the financial market.

On the contrary, if the data is unexpected, it may trigger a new round of market fluctuations. So, let's pay close attention to tonight's CPI data, which will tell us more clues about the economic situation and future monetary policy.

Don't forget that the market is always changing rapidly, be prepared and seize the opportunity! 💼

What do you think of tonight's CPI data? Is it an easing of inflation or a prelude to a rate cut? Share your predictions and opinions in the comments section, let us witness this moment together!

#美国CPI数据即将公布 #通胀数据 #美联储 #金融市场 #经济预测

🏛️ Faced with market instability, the Bank of Japan calmly chose not to raise interest rates! 📢
 
🌐 The deputy governor of the Bank of Japan, Shinichi Uchida, spoke today. Faced with the turmoil in the financial market, he made a clear statement: the central bank will temporarily suspend interest rate hikes to stabilize market sentiment.

💼 After the Japanese stock market experienced a historic plunge, Shinichi Uchida pointed out in a public speech that in view of the current high market volatility, the Bank of Japan decided to maintain an easy monetary policy in order to stabilize the economy and the market.
 
📉 As soon as these words came out, the yen fell 2%, but the stock market rebounded, with the Nikkei 225 Index and the Topix Index both rising by more than 3%. It seems that the central bank's decision has a significant impact on market sentiment!
 
🤔 However, this decision of the Bank of Japan is wise in the eyes of most people. When the market is unstable, maintaining the continuity and stability of policies will help avoid the spread of panic and bring more investment confidence to the market.
🗣️But at the same time, some people are worried that long-term loose policies may bring side effects, such as asset bubbles and other problems, which is also a major problem that local governments and central banks and other institutions need to balance and solve!

💭 What do you think? Is this decision of the Bank of Japan a wise move to stabilize the market, or an overly conservative strategy? Let's talk about your views!

#日本央行 #金融市场 #货币政策 #日元 #股市反弹

🌐 #杰克逊霍尔年会 Preview: Will Powell release a signal of interest rate cut?

📅 The Jackson Hole Global Central Bank Annual Meeting, which has attracted worldwide attention, will kick off from August 22 to 24. The market is holding its breath, and Wall Street analysts generally predict that Federal Reserve Chairman Powell will release a signal of interest rate cut at the meeting!

💡 As a weathervane of monetary policy, the Jackson Hole Annual Meeting has been a platform for US central bank governors to convey important information over the years. This year, all eyes are on Powell, and his every word may trigger violent market fluctuations.

📉 Interest rate cuts have been a hot topic in the financial field this year. If Powell confirms the interest rate cut at the annual meeting, it will undoubtedly inject a shot of adrenaline into the market, but it may also cause further concerns about the future economic outlook.

🤔 Some analysts believe that considering that the current economy has not yet reached a point where it is unsustainable, a sudden interest rate cut may cause market overreaction and greater volatility. Therefore, it is more likely that the Fed will announce a rate cut at its regular meeting in September, which will not only meet market expectations but also avoid unnecessary panic and market chaos.

🧐 Personally, I think that whether Powell announces a rate cut or not, this will be an important moment to assess the current economic situation and future policy direction. Rate cuts may boost financial markets in the short term, but in the long run, what is more important is the soundness and continued growth of economic fundamentals.

💬 What are your expectations for the upcoming Jackson Hole Annual Meeting? What impact do you think Powell's speech will have on the market? Share your predictions and opinions in the comments section!

#美联储 #降息预测 #金融市场 #社交媒体热议

🚀 Bitcoin briefly broke the $61,000 mark on the eve of the FOMC meeting!

As the much-anticipated FOMC meeting is approaching, the Bitcoin (BTC) market price seems to bring us waves of hope!

Just on Monday, Bitcoin experienced a big drop, but in a blink of an eye, the bulls regained control of the situation. In the early hours of Wednesday morning, they pushed a massive rebound, and the price of BTC once again hit a high of more than $61,000. This is the first time Bitcoin has returned to the bull market support level since mid-August.

The timing of this wave of rise is particularly noteworthy because the market generally expects the Federal Reserve to make its first interest rate cut in many years in these two days. Most experts believe that the US interest rate will be reduced by 0.25%, but some experts advocate a more aggressive 75 basis point rate cut. Therefore, the outcome of this meeting may have a significant impact on the entire financial market.

In addition to Bitcoin, other major altcoins also rose. Ethereum rose 4% overnight, with a trading price high close to $2,400. BNB hit $550 again, SOL rebounded to $135, and XRP also rose by 3.8%, approaching $0.6.

Among the top 100 altcoins, TIA, IMX, TAO, FTM, and UNI also saw the most significant short-term price increases. According to CoinGlass, the total value of liquidated positions has risen to $134 million, with BTC shorts dominating.

This week is a critical week for all financial markets. The Fed's meeting will determine whether to cut interest rates, which may have a chain reaction on the cryptocurrency market. Let's wait and see how this meeting will affect our portfolio!

What impact do you think the FOMC meeting will have on the cryptocurrency market? Do you think the interest rate cut will be positive or negative for the entire investment market? Share your views in the comments section!

#比特币 #FOMC会议 #金融市场

🎯 Goldman Sachs is making a big move into Bitcoin ETFs, holding over $400 million! 🚀

🤑 Can you believe it? According to the recently filed 13F documents, Goldman Sachs actually holds over $400 million in Bitcoin ETFs, and they own 7 of the 11 Bitcoin ETFs in the United States!

🗣️ However, not long ago, Goldman Sachs said "We don't believe in cryptocurrencies". But now, their actions seem to be different from their previous words. Its largest holding is iShares Bitcoin Trust, which is worth up to $238.6 million, followed by Fidelity's Bitcoin ETF, which is worth $79.5 million. Invesco Galaxy's BTC ETF and Grayscale's GBTC are also on their holdings list.

🧐 But interestingly, Sharmin Mossavar-Rahmani, the chief investment officer of Goldman Sachs' wealth management department, said in an interview in April: "We don't think this is an investment asset class, and we don't believe in cryptocurrencies."

📈 However, in the financial circle, whether it is an investment bank or a large institution, sometimes what they say and what they do may be different. Why? The view is that they may not show their true cards until they have accumulated enough "chips".

🔎 Therefore, we ordinary investors have to open our eyes and cultivate our own ability to distinguish. Don't just listen to what they say, but also look at what they actually do. After all, in the financial market, the investment of real money is more real than any rhetoric.

💡 For example, Goldman Sachs bought the Bitcoin ETF. They said before that they didn't believe in cryptocurrencies. But now, their investment behavior shows a recognition of Bitcoin. The reason behind this is worth our careful consideration.

🤷‍♂️ Often, investment banks and institutions may say something that is inconsistent with their actual actions for various reasons, such as market strategy, customer relations, regulatory environment, etc. This requires us investors to analyze and judge for ourselves.

🌟 Remember, in the financial market, information is power. Learning to filter and interpret information will enable you to walk more steadily and see further on the road of investment.

💬 What do you think of Goldman Sachs's operation? Is it really not optimistic about Bitcoin, or is there another deeper meaning? Tell me your opinion in the comment section!

#高盛 #比特币ETF #加密货币投资 #金融市场

Hello everyone! Today, we are going to talk about a seemingly complex topic, but in fact it is closely related to each of us - the policy shift of the U.S. Federal Reserve (Fed).

📅 Going back to March 2022, we witnessed the Fed embarking on an unprecedented aggressive monetary tightening cycle. But now, things seem to be changing dramatically. The latest news shows that the Fed has begun to suspend interest rate increases and maintains the federal base interest rate between 5.25% and 5.50%. What does this shift mean?

First, it means that consumer confidence in our economy is beginning to shine again, and the pace of future interest rate cuts is becoming clearer. According to Bloomberg, Wall Street economists’ bold forecasts for the U.S. economy show that although not optimistic, the Fed’s positive signals will digest the previous negative impact in the short term.

🌍 Faced with challenges such as the Sino-US trade war and high deficits, economists believe that compared with the 2020 epidemic and the global financial turmoil at the beginning of the century, this economic downturn will be moderated. Goldman Sachs is even more radical, arguing that the main risk we face now is a reacceleration of economic activity, not a recession. $BTC

🎯 In the FOMC decision in December, the Fed took a critical step by admitting the mistakes they made and suspending the implementation of interest rate increases. This indicates that the global situation may usher in a clear trend of interest rate cuts in 2024. As the policies of the world's leading economies return to stability, we have reason to believe that the global economy will maintain stable growth in the next few years.
So, friends, despite the macroeconomic challenges, we don’t need to worry too much. As Fed Chairman Powell said, interest rates will be cut three times next year, each time by 25 basis points. This move is expected to arouse widespread optimism in the market. $SOL
Let us look forward to a new starting point for the global economy and welcome a more stable development future!

Several aspects are already so optimistic, so does it mean that Bitcoin will not rise high next year?

If you think what I said is right, please follow me and let us predict the bull market next year.

#美联储降息 $INJ
#经济政策
#全球经济 #金融市场 #货币政策紧缩