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Yi Jing reported on September 27 that the Bitcoin and cryptocurrency markets are about to usher in significant bullish momentum, driven by the Federal Reserve’s recent 50 basis point interest rate cut, China’s vigorous stimulus, and global liquidity injection.

China’s central bank has announced a significant increase in liquidity, and Bitcoin, a historically strong beneficiary of these trends, appears poised for exponential growth as cheap capital floods global markets. Past cycles have shown a correlation between surges in global liquidity and Bitcoin price movements.

Major financial institutions such as BlackRock and Fidelity are investing in Bitcoin-backed products, while countless other banking institutions have begun to adjust their roadmaps to include Bitcoin products, indicating that institutional confidence in the cryptocurrency market is growing. Since the launch of the Bitcoin spot ETF in Q1, major players have begun to follow suit, contributing to fundamental signals of the bullish phase. In addition, cryptocurrency industry insider Kelly Kellam analyzed that China’s plan to inject 1 trillion yuan ($142 billion) into its largest bank will further boost liquidity in global markets and set the stage for 2025. The foundation is set for a massive parabolic bull trend wave that ends sometime in the third quarter of 2020.

On August 18, Hong Kong is actively developing into a global cryptocurrency center and promoting the legalization and compliance of virtual asset trading platforms. With OKX's announcement of its withdrawal from the Hong Kong market, licensed exchanges such as OSL and Hashkey have become leaders in industry development, and many emerging platforms are applying for licenses. The Hong Kong Securities and Futures Commission has approved the listing and trading of Bitcoin and Ethereum spot ETFs, allowing Hong Kong to further consolidate its position in Asia's financial technology. In Hong Kong, investors can legally and safely buy and sell virtual currencies, which has injected new vitality into the market.

The Hong Kong government has actively promoted the legalization and compliance of virtual assets through a series of policy measures, with the goal of becoming a leading center for global financial technology and cryptocurrency. With the influx of more and more international and local investors, the cryptocurrency market continues to grow in Hong Kong. The Hong Kong Securities and Futures Commission (SFC) has played a key role in promoting the legalization and compliance of virtual asset trading platforms. In June 2023, the Hong Kong Securities and Futures Commission announced the latest regulatory measures for virtual asset trading platforms, clarifying the compliance requirements for market participants. After OKX's withdrawal, OSL and Hashkey became the two major licensed trading platforms in the market, attracting more investors' attention.
With the introduction of new technologies and innovation of financial products, the Hong Kong market is expected to continue to grow in the next few years and become an important link in the global cryptocurrency ecosystem. Investors should pay close attention to the dynamics and policy changes of the Hong Kong market and formulate long-term investment strategies to cope with market uncertainties. Taking advantage of Hong Kong's policy advantages will help investors achieve greater success in the global cryptocurrency market.

According to reports on July 14, former President Trump was shot at a campaign rally in Pennsylvania. The incident occurred shortly after Trump began his speech and immediately triggered a security operation. Crypto markets saw significant volatility following the news. During the outdoor event, multiple gunshots were heard and Trump's security team quickly surrounded him. Armed police officers took a defensive stance at the front of the stage while Trump ducked beneath the podium. The U.S. Secret Service then escorted Trump to a standby vehicle. As he was being led away from the scene, Trump repeatedly punched the crowd and shouted to indicate that he was not injured. However, photos later emerged on social media showing what appeared to be blood on Trump's right ear and right side of his face. CNN reported that Trump was injured but did not provide the specific nature or severity of the injury.

Following the incident, the crypto market saw significant price movements. The meme coin TRUMP (MAGA) on the Solana platform surged 42% within minutes of the news. Bitcoin has also exceeded the $60,000 mark and is currently trading at $60,093.98 as of press time. This market reaction highlights the growing connection between political and economic events and cryptocurrency price volatility.

YiJingJing reported on July 2 that last Friday, the IRS and the U.S. Treasury Department finalized the implementation of a provision in the Infrastructure Investment and Jobs Act passed by the Biden administration in 2021, requiring cryptocurrency trading platforms to submit standard 1099 forms starting in 2026 to report investors' trading information to the IRS.

However, this provision only applies to centralized exchanges (CEX), and decentralized exchanges (DEX) that do not hold crypto assets will be exempted. At present, the mainstream CEXs are mainly Binance (BNB), Coinbase (COIN), etc., while DEXs include Uniswap (UNI), Curve (CRV), Pancakeswap, etc.

For the purpose of anonymous transactions, this policy may prompt some investors to turn more to decentralized exchanges. Of course, whether it can avoid taxes is still uncertain, because it only stipulates that cryptocurrency holders need to pay taxes, and how to prove holding and tax details have not yet been standardized and specified.

On June 30, PANews reported that national-level Bitcoin whales have become a presence that cannot be ignored, and their position changes have also become the focus of market attention. In this article, PANews took stock of the Bitcoin holdings and recent trends of 5 countries. These countries hold more than 518,000 BTC in total, accounting for more than 2.4% of the total Bitcoin, most of which come from law enforcement actions. In terms of profit, except for the United States, which has sold more than 190,000 Bitcoins, and Germany, which has transferred 20% of its holdings, the rest have not yet made large-scale sales.

On June 26, Bitcoin rebounded back above $61,000. According to Axios, citing two people familiar with the matter, Republican presidential candidate Donald Trump is in talks to give a speech at the Bitcoin Conference in July.

Meanwhile, as the decline in Bitcoin prices continues to spread panic, the struggle for a pro-cryptocurrency government continues to spread hope in the cryptocurrency industry. Over the past three months, Trump has taken a pro-cryptocurrency stance, including accepting Bitcoin donations and launching his meme coin, which has won strong support from the cryptocurrency industry. Recently, Trump expressed his intention to make the United States a leading country in Bitcoin and innovation. "We will ensure that the future of cryptocurrency and the future of Bitcoin are created in the United States," Trump said in a previous speech. Trump's speech at the Bitcoin Conference may consolidate his advantage over Democrat Biden, as much of the election reflects people's strong interest in the next government becoming a supporter of cryptocurrency.

Standard Chartered Bank is setting up a Bitcoin and Ethereum trading desk to become one of the first global banks to enter spot cryptocurrency trading, according to a report from a person familiar with the matter who declined to be named. The new cryptocurrency trading desk is about to start operations and will become part of the bank's foreign exchange trading department. The department will be operated from London, according to one person familiar with the matter. Banks such as Goldman Sachs Group have been trading cryptocurrency derivatives for years, but strict regulations prohibit them from trading the underlying assets directly. The Basel Committee on Banking Supervision has proposed that banks must impose a 1,250% risk weight on any unhedged cryptocurrency risk, making it difficult for banks to make a profit. "We have been working closely with regulators to support institutional clients' demand for Bitcoin and Ethereum trading, which is in line with our strategy to support clients in the broader digital asset ecosystem, from access and custody to tokenization and interoperability," the bank said in an emailed statement. Standard Chartered is one of several large banks that have stepped up their investment in cryptocurrencies as institutional adoption of cryptocurrencies becomes more widespread. Standard Chartered owns stakes in two cryptocurrency companies, Zodia Custody and Zodia Markets, which offer services ranging from custody to over-the-counter trading. In November, the Monetary Authority of Singapore launched a blockchain unit called Libeara to help institutions tokenize traditional assets. The unit is supporting the creation of a tokenized government bond fund using the Singapore dollar. The latest moves come as volatility in bitcoin has flattened, having fallen more than 20% since the start of 2024 — mirroring the development in the stock market and squeezing profits on trading desks. On Friday morning, bitcoin fell to its lowest level since May 15 and is down about 14% from its record high in March.

On June 19, the company said in a press release: "Alloy by Tether was developed by Moon Gold NA, Sade CV and Moon Gold El Salvador, Sade CV, both members of the Tether Group, to redefine the stability of the digital economy by combining the advantages of a stable unit of account with the security and reliability of gold."

The new Alloy token is similar to other fixed assets and is designed to track the price of a reference asset (in this case, XAU₮), "through stabilization strategies such as overcollateralization using liquid assets and secondary market liquidity pools," Tether said. "This innovative approach provides consistent value and stability between the reference asset and its fixed asset."

They said the new aUSD₮ token is the first in a series of tokens issued by Tether through the Alloy program. Alloy is an open platform that allows the creation of different bonded assets with a wider range of support mechanisms, potentially including yield products. The technology also provides institutions with a modern approach to asset management, providing a secure, gold-backed digital asset that can be integrated into a portfolio. Tether stated that Moon Gold NA, Sade CV and Moon Gold El Salvador, Sade CV have all been authorized by CNAD and will be responsible for overseeing the issuance and management of aUSD₮ and will be able to meet different customer groups and regulatory requirements.

According to industry sources, the central banks of Bhutan, Venezuela and Iran are acquiring Bitcoin. The news was revealed in a conversation with Fred Krueger, who noted that these countries are currently involved in acquiring Bitcoin.
David Bailey, CEO of Bitcoin Magazine, expressed optimism in a recent tweet that major central banks will soon begin acquiring Bitcoin.
It is expected that larger and more influential central banks will soon follow suit.

YiJingJing reported on June 10 that the 2024 US presidential election is about to kick off. For the first time, cryptocurrency has become an important topic of election discussion, and its importance and influence have reached an unprecedented level. Whether it is Trump or Biden, the two major candidates have to face this rapidly emerging emerging market and incorporate their attitudes and policy propositions towards cryptocurrency into their campaign strategies.

The history of cryptocurrency development can be said to be a history of innovation and controversy. From the birth of Bitcoin in 2009 to the existence of thousands of cryptocurrencies today, cryptocurrency has gone through a process from nothing to something, from questioning to acceptance, and now gradually moving towards the mainstream. Cryptocurrency was originally just an attempt and experiment by a few technical geeks. However, as time goes by, its value and influence continue to increase, attracting more and more investors and institutions to join this emerging market. Due to its decentralization, anonymity and other characteristics, cryptocurrency is also accompanied by regulatory challenges and legal disputes in the process of development. Governments and financial institutions have different attitudes towards it. Some countries actively accept it and try to incorporate it into the regulatory framework, while others adopt a strict restriction or even prohibition.

The government's policy attitude directly affects the price fluctuations and investor confidence in the cryptocurrency market. The US government's policy attitude towards cryptocurrency has greatly affected the trend of the global market. As a global financial center, the US policy changes not only directly affect the domestic market, but also have an important demonstration effect on global investors and regulatory policies of other countries. In terms of regulation, the US government has always been cautious and conservative, focusing mainly on preventing market manipulation, protecting investors and preventing financial crimes. The US government regulates the cryptocurrency market through multiple agencies such as the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN).

In less than a week, the value of Donald Trump's cryptocurrency portfolio has doubled by 100%, thanks to a wave of donations and the rise of the TROG meme coin. Trump's crypto wallet has grown significantly in the past five days, and Arkham Intelligence data shows that the recent value growth stems from a meme coin donation called TROG or "Trump Frog".
TROG tokens soared more than 1,000% in a single week, and billions of dollars of TROG were donated to Trump's wallet. As of now, Trump's TROG holdings have exceeded his MAGA (TRUMP), and billions of dollars of TROG are now worth $18.6 billion.
Fortune Crypto reports that more than 50 million Americans own cryptocurrencies, but despite the growing interest and support for digital currencies in the United States, the current government seems determined to stifle digital asset innovation and move jobs overseas.
The current administration and certain left-leaning members of Congress, including Massachusetts Democratic Senator Elizabeth Warren, are making it harder for digital asset voters to make their voices heard on both sides of the aisle.
"You could say all of this makes cryptocurrency adopters natural voters for the Democratic Party. By engaging in substantive work on the potential of cryptocurrency, the Democratic Party could reap rich rewards in November," the report said.
However, most members of the Democratic Congressional Caucus are largely opposed to supporting the development of the local crypto ecosystem. Fortune noted that the Democratic mindset must change and evolve. Happily, there are early signs that this message is breaking through.
The digital asset industry feels unfairly targeted and backed into a corner, a situation that could force the industry to move overseas, taking away all of the United States' current advantages. Trump's speech to a cheering crowd at Mar-a-Lago should be a wake-up call for Democrats: Embrace cryptocurrency and its young, tech-savvy voters, or someone else will.

On June 5, the European Central Bank (ECB) is expected to cut interest rates by 0.25% to 4.25% on June 6. The rate cut could boost investor interest in risky assets such as Bitcoin. Bitfinex head of derivatives Jag Kooner said. Kooner told Cointelegraph: "The ECB is expected to cut interest rates next week to stimulate economic growth. Lower interest rates typically weaken the euro and increase liquidity, which can boost risky assets including Bitcoin." The expectation of a rate cut comes at a time when inflation in Europe is slowing. The consumer price index (CPI) is expected to reach 2.6% in May - this could be the eighth consecutive month that inflation has been below 3%.

James Wo, founder and CEO of Digital Financial Group, said a potential rate cut could boost traditional stock markets and provide more upward momentum for Bitcoin. “Rate cuts will have a positive impact on traditional stocks, as seen in the rally in European stocks following dovish comments from the ECB Governing Council in early May. This could mean a shift in liquidity to riskier assets, such as Bitcoin, pushing its price higher,” Wo told Cointelegraph. Europe’s two flagship stock indices, the STOXX 600 and DAX 40, have risen along with the price of Bitcoin in May. According to BitStamp data, the STOXX 600 is up more than 3.3% over the past 30 days, while the DAX 40 is up more than 3.8% over the past 30 days, while the price of BTC is up more than 17.4%.

Bitcoin’s historical correlation with traditional stock markets is mixed. However, in an economic stimulus-driven environment, Bitcoin could follow stock markets higher. Kooner told Cointelegraph: "Historically, Bitcoin's correlation with stocks has been mixed. In times of economic stress, Bitcoin often mirrors stock market trends as investors liquidate assets. In a stimulus-driven environment with lower interest rates, Bitcoin may benefit along with stocks due to increased liquidity." However, despite the lagging stock market performance of the United States, the world's largest economy, Bitcoin's price has risen strongly this year. According to BitStamp, the S&P 500 has risen more than 11.5% so far this year, while the price of Bitcoin has risen 57.6% so far this year.

YiJingJing reported on June 3 that currently, according to the Forbes real-time billionaire list on June 1, 2024, Tesla's Elon Musk is the richest person in the world. However, in the future, the wealth of Bitcoin creator Satoshi Nakamoto may surpass Musk. Considering the current value of BTC, the price of Bitcoin only needs to rise by 210% for the anonymous Bitcoin creator to become the richest person in the world.

As of press time, according to Coingecko data:
BTC recently traded at $67,759.56, with a daily increase or decrease of +0.1%;
ETH recently traded at $3,780.41, with a daily increase or decrease of -0.8%;
BNB recently traded at $602.94, with a daily increase or decrease of +0.4%;
SOL recently traded at $163.15, with a daily increase or decrease of -1.7%;
DOGE recently traded at $0.1571, with a daily increase or decrease of -1.9%;

Hong Kong's securities regulator said on June 2 that 11 cryptocurrency exchanges are one step closer to obtaining licenses. A year ago, Hong Kong launched a digital asset rulebook in an attempt to build a center for the industry. The Hong Kong Securities and Futures Commission has been mandatorily regulating virtual asset trading platforms (VATPs) since June last year, and the 12-month transition period ended on Saturday (June 1). The Securities and Futures Commission updated the list of virtual asset trading platforms. According to the Anti-Money Laundering and Terrorist Financing Ordinance, HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixin.com, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK are considered as applicants for licenses; the remaining 6 platforms on the application list, including BGE, HKVAX, VDX, bitV, HKX, and bitcoinworld, have not been considered as licensed. #NFT与加密货

The Hong Kong Securities and Futures Commission emphasized that it has not officially issued a license to the applicant for a virtual asset trading platform that is deemed to be licensed, and reminded investors to be wary of the risks of buying and selling virtual assets on the platform of the applicant for a virtual asset trading platform that is deemed to be licensed (the applicant may not eventually be licensed and may have to end its business in Hong Kong) or on an unregulated virtual asset trading platform (including any unregulated overseas virtual asset trading platform). Well-known crypto trading platforms such as OKX and Bybit, which often control a large amount of activities, withdrew their license applications. Binance, the world's largest exchange, did not apply, nor did Coinbase Global Inc., the largest trading platform in the United States, and Kraken, another popular exchange.

On June 1, at the Consensus 2024 conference in Austin, Texas, US presidential candidate Robert F. Kennedy Jr. expressed his views on Trump's guilty verdict and cryptocurrency. Kennedy said he would focus on economic and health issues and would not be involved in Trump or Biden's legal disputes. Kennedy appreciated Trump's new support for cryptocurrency, believing that it would contribute to freedom and transparency. He hopes that President Biden will take a similar stance. Kennedy pointed out that the key issues in US cryptocurrency regulation are trading freedom and transparent currency. He promised to protect consumers from fraud while ensuring that the United States remains at the forefront of blockchain technology. He revealed that he bought 21 bitcoins during the campaign and bought three coins for each child. Kennedy also expressed his vision of using cryptocurrency as a trading currency and advocated not imposing capital gains tax on it. His campaign goal is to enable people to use cryptocurrency freely for daily transactions.

On May 30, it has been more than four months since the United States approved the listing of Bitcoin spot ETFs, and IBIT under BlackRock has performed particularly well. Data shows that IBIT attracted $102.5 million in funds on Tuesday, and its asset management scale (AUM) rose to $19.68 billion, officially surpassing Grayscale's GBTC to become the largest Bitcoin spot ETF in the United States.

According to SoSo Value data, as of the close of May 28, IBIT had a net inflow of $102.5 million on Tuesday, and its AUM reached $19.68 billion; GBTC had a net outflow of $105 million, and its AUM shrank to $19.65 billion.
Apollo Bitcoin Tracker shows that IBIT currently holds 288,670 bitcoins and GBTC holds 287,450 bitcoins. Since its listing in January this year, the 11 Bitcoin spot ETFs in the United States have attracted a total of $13.73 billion in funds and held more than 1 million bitcoins, worth more than $6.8 million, accounting for about 5.1% of the total circulating supply of Bitcoin.

On May 29, according to a filing with the U.S. Securities and Exchange Commission (SEC), Vanguard Group will launch a new special fund product. The company mentioned several cryptocurrency-related terms in the filing, which has led to increasing speculation as to whether it plans to change its anti-Bitcoin stance. CoinGape reported that recent events have prompted many to speculate that Vanguard, which manages $9 trillion in funds, may be reconsidering its cryptocurrency stance.

According to recent updates, the company has applied to the SEC for a new "Vanguard Special Fund." In the filing, cryptocurrencies are mentioned, along with some key crypto-related definitions provided by the investment management company. Vanguard describes "cryptocurrency" as a digital asset that serves only as a store of value, medium of exchange, or unit of account. Notably, the company continues to distinguish between cryptocurrencies and digital security tokens. The article emphasizes that it is unclear what Vanguard's intentions are in terms of "sensitization" of digital assets, but the company has previously portrayed itself as an opponent of Bitcoin.

Despite other top investment asset management companies such as BlackRock and Fidelity entering the market to promote Bitcoin spot ETFs in January, Vanguard Group has firmly stated that it is not interested in the product. Meanwhile, current chairman and CEO Tim Buckley, who has served for more than 30 years, will retire at the end of 2024. The company has appointed former BlackRock executive Salim Ramji as its new CEO, and his appointment has sparked speculation about a possible change in his long-term position.
$BTC

On May 22, American billionaire and former Dodgers owner Frank McCourt led a consortium to seek to acquire TikTok's US business. He plans to use the Decentralized Social Network Protocol (DSNP) and Polkadot's parallel chain Frequency to decentralize Douyin. Polkadot's token DOT soared more than 17% in a single week after hearing the news, rising to $7.65 on Wednesday (May 22). TikTok has more than 170 million users, and the US government is pressuring it to sell the app due to national security concerns and ties to the Chinese government. McCourt's initiative, called the "People's Bid," represents one of the interests of American companies in the platform, and he is working with investment bank Guggenheim Securities and law firm Kirkland & Ellis on the business. In a press statement, McCourt emphasized that the bid aims to empower users by migrating TikTok to an open source protocol. He said: "A newer and better version of the Internet, where individuals are respected and they own and control their own identities and data." At the same time, Polkadot supporters welcomed the news, believing it to be a proof of progress in blockchain network technology. After the news came out, Polkadot's token DOT ushered in a wave of surges, closing at $7.65 on Wednesday, a weekly increase of more than 17%. $DOT

On May 21, Bloomberg analyst Eric Balchunas said in a post that he had raised the chances of a spot Ethereum ETF being approved from 25% to 75%. He said he heard some rumors this afternoon that the U.S. Securities and Exchange Commission (SEC) might make a 180-degree turn on this issue (the issue is becoming increasingly political), so now everyone is desperately preparing (like us, others originally thought it would be rejected). After the news came, Ethereum (ETH) hit $3,590, a new high since mid-April, with a daily increase of nearly 17%. Bitcoin (BTC) rose to the $70,000 mark for the first time since mid-April, up more than $4,500 from the daily low. Coinglass data shows that in the past 24 hours, the cryptocurrency market's entire network contract was liquidated by $272 million, and a total of 70,556 people were liquidated, including a long position of $70.2039 million and a short position of $202 million. The total amount of BTC liquidation was about $80.5577 million, and the total amount of ETH liquidation was $90.1775 million. $BTC $ETH

On May 20, after the instability of the cryptocurrency market was reported on Coinpedia Fintech News, the rise of Bitcoin prices to $65,000 brought hope to investors. As Bitcoin returned, some alternative coins rose by 10% to 20%, raising questions about the restart of the bull market. Analysis shows that the current bull market cycle may end in April 2025. Although historical patterns can provide valuable insights, market dynamics always change and past performance does not guarantee future results. Analysts are discussing the possibility of further adjustments, with some expecting a small correction, while others are optimistic in the long term.