#CMCNews: The Hong Kong Monetary Authority has launched the second phase of the e-HKD pilot study.

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According to CryptoQuant data, the Korean Bitcoin premium index has reached its lowest point since October 2023. Another report also points out that Korean traders are shifting their investments into some Altcoins, and further predicts that Altcoins will explode in the fourth quarter of this year.

Kimchi premium drops, signs point to the hot spot shifting towards Altcoins
After the US interest rate cut, the Korean Bitcoin premium has dropped significantly, indicating that Korean traders are turning their attention to Altcoins. Some Altcoins, such as AR and ONT, have seen significant price increases, suggesting that the Altcoin season is approaching.

10x Research calls for Altcoin trades, is the Altcoin season coming?
A report from 10x Research suggests that the Altcoin season is about to arrive, and they are recommending Altcoin trades to their clients. This further reinforces the idea that the market focus is shifting from Bitcoin to Altcoins.

Is your Altcoin on the list? The copycat season of institutions calling for orders will break out in the fourth quarter

Here is the translation:

Let's take a look at what institutions that have been long on China have to say.

Author: Sean Tan, Primitive Ventures
Translated by: TechFlow

As a multi-strategy investment firm that is not limited to a single asset, our investment philosophy is not just about finding opportunities, but more importantly, how to build an investment framework that can predict and adapt to future market changes, and constantly seek the best balance between risk and return. What often attracts us are the opportunities that are misunderstood or overlooked by the majority of market participants. Based on our experience in the foreign exchange and cross-border markets over the past decade, we...

The situation has reversed, is the rising tide of liquidity in the East coming?

Changpeng Zhao (CZ) was released from California’s Lompoc II detention center on Friday, a low-security prison on the central coast of California. The Binance founder and former CEO completed his four...