Hong Kong: It is suggested to allow qualified mainland investors to subscribe to Hong Kong IPOs
According to Hong Kong Ta Kung Pao Wen Wei Po, Hong Kong Legislative Council member Tam Yue Heng has communicated with Chief Executive Li Jiachao and other G19 members to submit a proposal for the 2024 Policy Address to him. Tam Yue Heng emphasized the use of technology to promote the development of new financial formats, including attracting financial technology companies to participate in the stablecoin sandbox mechanism, expanding the scope of testing of digital RMB as a cross-border payment tool, and promoting the development of standardized virtual asset trading platforms and products. Tam Yue Heng proposed to promote the expansion of interconnection and increase the volume, accelerate the process of new stock connection, and allow qualified mainland investors to subscribe to Hong Kong IPOs.
Internet celebrities ask you to buy Bitcoin? Be careful of being ripped off!
Today we are going to talk about the “Bitcoin opinion leaders” who are making you and me go crazy on social media, or what we usually call “Internet celebrities”. After all, in this ever-changing world of digital currency, their tweets may make your investment account happy, or you may wake up to find that the leeks have been cut again. A complete decryption of 115 million tweets: Who is behind it? Someone came up with a great idea and decided to look through 115 million Bitcoin-related tweets posted between 2009 and 2022. What does this mean? This means that they have almost gone through all the Bitcoin "chatter" on Twitter (now called X) to find out the truly influential "big names" and see how they affect the Bitcoin market.
Putin’s “Mining Amnesty”: Spring is coming for Russian Bitcoin miners?
After a long and cold "legal winter", Russian Bitcoin miners finally welcomed spring - but not the romantic spring with cherry blossoms in full bloom as you imagine, but the law signed by President Putin to legalize cryptocurrency mining. This move gave a shot of adrenaline to Russian Bitcoin miners, allowing them to not only mine openly, but also stand in the position of the world's second largest mining country and announce to the world: "We are here!" Legalization of mining: registration is king Don’t rush to move to Siberia to buy a mining machine. Imagine the cool scene of operating a Bitcoin mining machine in the snow. If you want to mine in Russia, you must first find yourself a "legal identity." According to the new law, only registered Russian legal entities and individual entrepreneurs have the right to legally mine. This means that if you are a self-employed person, don’t rush to shovel snow. Go to the government to register yourself and become an "official certified miner" before you can do it.
The price fluctuations of Bitcoin are like the movie "Big Fall, Big Rise" in the stock market, and every time the plot is jaw-dropping. August has started another round of "roller coaster ride", and today's price fluctuations are like the movie "Fast and Furious", exciting and difficult to grasp. But as Peter Lynch, a leader in the investment industry, said, "A big stock market crash is actually a good thing." If we change it to Bitcoin, it means "How can you have a chance to fill your electronic wallet if it doesn't fall?" June 2011: Bitcoin’s “first love” painfully remembered
According to the latest news on the 6th, Raoul Pal, former Goldman Sachs executive and founder of macro research institution Real Vision, posted on the X platform that he plans to increase his holdings of cryptocurrencies and technology stocks in the next week. He also said that he personally believes that this is a peak-level violent wash and reset of risk leverage, and a strong rise will appear in the fourth quarter of 2024. This may be the last opportunity to enter or fully build a position. The Fed's final rate cut will also bring a period of weakening of the US dollar, which will strongly form a macro summer/autumn extending to the second quarter of 2025.
Shocking news! Xiaomi and JD.com jointly issue coins! They have already secretly laid out the crypto field
Hong Kong licensed virtual bank Airstar Bank announced on its official website that it has cooperated with JD.com Group's JD Coinlink Technology (Hong Kong) Co., Ltd. (JINGDONG Coinlink) in the HKMA's stablecoin issuer sandbox. Airstar Bank will assist JD.com Coinlink Technology (Hong Kong) in trying a new cross-border payment solution based on stablecoins.
Airstar Bank has been a licensed bank of the Hong Kong Monetary Authority since May 9, 2019, and officially started business on June 11, 2020. The largest shareholder is Xiaomi Group, holding 50.30% of the shares, and the second largest shareholder is Futu, holding 44.11% of the shares.
Bitcoin continues to plummet! Traders collapse! Close positions and admit losses
On August 4, trader Eugene Ng Ah Sio posted on social media X, "To provide some people with updates on how to deal with losses in real time, I recently experienced two drawdowns when trading perpetual contracts, and due to recent price movements, there have also been larger drawdowns in spot trading. The first trading error was due to a lack of discipline in executing my ETH BTC trade and closing the BTC short position too early. In the end, I closed the ETH Long positions, netting a loss of $1.1 million on two trading pairs. Although I avoided some pain, I decided to go long yesterday after the market crash on Friday. However, the market clearly did not reward this decision, and the spot price continued to fall to $60,000. The entire account lost about 3-4%, a total of $750,000, and I have closed all my positions. After this, I clearly realized that the unknown unknowns have increased. Although the risk-reward ratio of buying support is generally better than chasing momentum, I am not sure whether $60,000 will hold. In addition, I felt the first emotional imbalance in a while, so I decided to stay away from trading and adjust my mindset for the next few days. "
Trump said this is the biggest bull market in his life.
We are preparing to use Bitcoin as a national reserve. If this is realized, a large amount of funds will flow in and it will be directly pulled to the sky😎😎😎BTC Do you think it can be pulled to 200,000 dollars? #Cryptocurrency# #BTC#美国政府转移BTC #超级央行周 #美联储何时降息?
[Bitget will launch Liquidswap (LSD) at 20:00 today]
Featured news, Bitget will soon launch Liquidswap (LSD) in the Innovation Zone and DeFi Zone. The recharge channel is now open, and the spot trading channel will be open tomorrow at 20:00 (UTC+8). In addition, Bitget will simultaneously launch PoolX, stake ETH, and obtain mining income LSD. Earlier news, Web3 product development studio Pontem announced that its DEX Liquidswap token LSD airdrop will be open for claiming at 16:00 Beijing time on July 30. The first round of airdrops will be 5% of the total amount of tokens, which will be released linearly within 4 months. 10% of the total amount will be used for future airdrops and staking rewards.
【W, OP and SUI tokens will be unlocked in large amounts this week】
Foresight News, according to Token Unlocks data, this week W, OP and SUI will unlock a large amount of tokens at one time, with a total value of over $100 million. Among them: Wormhole (W) will unlock 600 million tokens at 19:30 on August 3, worth about $174 million, accounting for 33.33% of the circulation; Optimism (OP) will unlock 31.34 million tokens at 8:00 on July 31, worth about $54.5 million, accounting for 2.79% of the circulation; Sui (SUI) will unlock 64.19 million tokens at 8:00 on August 1, worth about $50.6 million, accounting for 2.56% of the circulation; ZetaChain (ZETA) will unlock 53.89 million tokens at 8:00 on August 1, worth about $174 million, accounting for 33.33% of the circulation; Optimism (OP) will unlock 31.34 million tokens at 8:00 on July 31, worth about $54.5 million, accounting for 2.79% of the circulation; Sui (SUI) will unlock 64.19 million tokens at 8:00 on August 1, worth about $50.6 million, accounting for 2.56% of the circulation; ZetaChain (ZETA) will unlock 53.89 million tokens at 8:00 on August 1, worth about $174 million, accounting for 33.33% of the circulation; $34.8 million, or 18.92% of the circulation.
August Preview: These Token Projects Plan to Unlock Nearly $1 Billion
August looks to be a big month for token unlocks, especially for Wormhole and Avalanche, which will unlock a total of nearly $450 million in tokens.
Here are all the important tokens that are set to be unlocked over the next month.
Following Wormhole’s April airdrop a few months later, the cross-chain project will unlock a third of its circulating supply this month: 600 million tokens, currently worth about $180 million. It’s far from the only project unlocking a large amount of tokens, though: ZetaChain will unlock nearly a fifth of its circulating supply, and several other projects will unlock tokens worth $50 million or more.
Web3 Handwritten News: Industry Hotspots and Hot Products You Can’t Miss This Week
01 Bitcoin 2024 Bitcoin 2024 first day news: full of bull market euphoria 02 ETH ETF "Ethereum spot ETF is officially listed. How do institutional and retail investors view the future market?" "Bitwise Chief Investment Officer: Ethereum spot ETF is launched, how to configure your crypto portfolio?" 03 Trump and Cryptocurrency How Trump is using encryption strategies to win votes as Biden withdraws from the race The Wall Street Journal: Ordinary people who donated cryptocurrency to Trump 04 CZ Returns "CZ is about to be released, which "concept coins" are worth paying attention to?"
#MyFirstSquarePost Cryptocurrency news: Trump promised to treat Bitcoin as a strategic asset of the United States after his election, and praised Bitcoin as digital gold [I want to be quiet] The above news comes from reports from "Securities China" and "Interface". The outrageous speeches made by Trump before he was elected have already affected the financial market, and we have to suspect that the recent correction of the Dow Jones is related to him. Given that Trump gave BTB an outrageous expectation of rising prices and hot money returned to BTB, the Dow Jones is not expected to return to its previous highs so quickly, and we will see the volatility.