Odaily Planet Daily News: Rick Maeda, a research analyst at Presto Research in Singapore, pointed out that today's cut in the reserve requirement ratio and interest rate by the People's Bank of China has hardly caused a reaction in the cryptocurrency market, but it has triggered a rise in Asian stock markets, with the Hong Kong Hang Seng Index up 3.2% and the Shanghai Composite Index up 2.3%. Bitcoin also lacked a response to the news, which seems to indicate that Bitcoin smuggling is more closely linked to the Fed's policies and the US market, as evidenced by the high correlation between Bitcoin and the US stock market in the past two years, especially after last week's FOMC meeting. (CoinDesk)