Hong Kong Monetary Authority's Chief Executive, Eddie Yue, attended the annual meeting of the Hong Kong Independent Non-Executive Directors Association and pointed out that Hong Kong can develop from four growth paths: asset and wealth management center, international sustainable finance center, promoting Hong Kong as a digital asset center, international innovation and technology center.
Yue said that the Hong Kong government is committed to supporting the development of the Web3.0 ecosystem. In the 2023-2024 budget, HKD 50 million has been allocated to accelerate the development of the ecosystem. The Securities and Futures Commission has approved virtual asset futures and spot ETFs, allowing retail investors to invest in regulated virtual asset products. Among them, the virtual asset spot ETF is the first listed product in Asia.
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Hardware wallet company Trezor has announced the addition of Ethereum staking to its cryptocurrency management application, Trezor Suite. This feature allows Ethereum (ETH) holders to securely stake and continue earning ETH rewards while holding at least 0.1 ETH in their Trezor wallet.
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ONE of the major influences I watch is the relationship between Etherium divided by Bitcoin. Here I can see BTC’s value being swallowed up by ETH, at the same time fiat money is overwhelmingly coming into the market on both these platforms, thus increasing there own values.

Then I can over lay the two additional charts, charting individually with their current value’s against the USD. Now I can see if either of them are under or overvalued.

Okay with this now, I think of what platforms are the new coins/tokens are being developed on ?? This is also where the money is going and thus changes the relationship between who/what is using either BTC or ETH more of ??

Another large factor. What are BTC and ETH used for now and what are they going to be used for the future??

I see ETH being used more in the future 1 - 4 years than BTC. I expect BTC to increase in value only to be slowly swallowed up (percentage wise) by ETH (and other future not yet developed networks) with the new development of new venture coins/tokens built on the ETH network.

There will be new and more efficient networks to come in the future… Of course, technology doesn’t stop. I don’t wait, I do my best to make good decisions and not ever risk large amounts of money in “any” new emerging market.
#BinanceSquareFamily #CryptocurrencyUpsAndDowns #BinanceBlockchainWeek #BNBCHAINFUSION #DigitalCurrencyRevolution
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In a bold new video, Alexander Lorenzo claims that altcoins are poised to offer one of the best wealth-creation opportunities, potentially breaking generational poverty. He’s analyzed every altcoin cycle in crypto history, and his findings are startling.
### Understanding Micro Cycles 🌀
Lorenzo begins by delving into the broader altcoin cycle and the narratives driving smaller micro-cycles. He points out that certain altcoins go parabolic first, with others following later. For investors with limited capital, focusing on these outliers could lead to massive returns by cycling gains from one altcoin to another.
### Evidence from Past Cycles: 2017 and 2021 📈
Lorenzo backs up his predictions with historical data, highlighting the staggering gains from previous cycles. In 2017, altcoins like Dash and XMR soared by 253,000% in just over 450 days. In 2021, HEX skyrocketed by 900,000%, turning a $1,000 investment into $9 million. This history reinforces Lorenzo’s belief that no other asset class matches crypto’s potential returns.
### Bitcoin’s Role and Altcoin Peaks 🚀
He also explores how Bitcoin’s halving cycles influence altcoin peaks, noting that altcoins typically experience two peaks—one after Bitcoin’s first top and another after its second. For example, Gala Games and Shiba Inu followed this pattern, while Dogecoin and Rune performed better after Bitcoin’s first top. Lorenzo suggests that market narratives and social media hype heavily impact altcoin performance.
### Investors Don’t HODL? 💡
In a controversial take, Lorenzo cautions against the “hodling” strategy, arguing that many investors lose money by not selling at the right time. He advises taking profits and reinvesting in real assets like real estate, rather than holding onto cryptocurrencies indefinitely. Active trading and strategic selling are key to capitalizing on the explosive but short-lived gains in the altcoin cycle.
### Predictions for 2025: Mark Your Calendars 🗓️
Lorenzo predicts that the next major altcoin surge will likely occur around January 26, 2025, following Bitcoin’s April 2024 halving. He notes that while the 2021 cycle saw an average increase of 15,446%, the 2017 cycle was four times more profitable. Though returns may diminish over time, Lorenzo still expects the 2025 cycle to offer substantial profit opportunities.
As always, approach these predictions with caution. Conduct your own research and consider your financial situation before making any investment decisions. But one thing’s clear: the crypto space remains full of potential, with the next big opportunity on the horizon.
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In a groundbreaking move, BNB Chain has unveiled its highly anticipated cross-chain bridge, marking a significant milestone in the quest for seamless interoperability in the blockchain ecosystem. This innovative solution is the result of strategic partnerships with leading cross-chain experts Celer, deBridge, and Stargate.
Unlocking Interoperability
The BNB Chain cross-chain bridge is designed to facilitate effortless transfers between various blockchains, including Ethereum (ETH) and Polygon (POL), among others. By integrating state-of-the-art cross-chain technology, this bridge aims to attract a plethora of DeFi projects, further solidifying BNB Chain's position as a hub for decentralized finance.
Enhanced Efficiency and Cost-Effectiveness
The bridge offers a more efficient and cost-effective bridging experience, making it an attractive solution for users seeking to transfer assets across chains. With the introduction of a new liquidity pool, transfers between chains are expected to become even smoother, fostering greater liquidity and adoption.
Partnerships and Collaborations
BNB Chain's partnerships with Celer, deBridge, and Stargate demonstrate its commitment to collaboration and innovation. By joining forces with industry leaders, BNB Chain is poised to drive progress in the blockchain space and push the boundaries of what is possible.
The Future of Interoperability
The launch of BNB Chain's cross-chain bridge marks a significant step forward in the pursuit of true interoperability. As the blockchain ecosystem continues to evolve, solutions like this will play a crucial role in shaping the future of decentralized finance and beyond.
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Letitia James, the New York Attorney General, announced a $2 billion settlement agreement with bankrupt cryptocurrency lending platform Genesis, which will help maximize compensation for investors. As Genesis had previously declared bankruptcy, the settlement agreement requires review and approval by a bankruptcy court. The settlement agreement will establish a victim fund to assist defrauded investors, including at least 29,000 New Yorkers who contributed over $1.1 billion to Genesis through Gemini Earn investments. Additionally, the settlement agreement prohibits Genesis from operating in New York. This is the largest settlement agreement in New York history against a cryptocurrency company.
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