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In an interview with Bloomberg, Hong Kong Securities and Futures Commission ("SFC") Chief Executive Leung Fung-yee said the regulator is evaluating cryptocurrency ETF-type investment products. According to Bloomberg, the Hong Kong government is actively building Hong Kong into the world's leading cryptocurrency center. The Hong Kong Securities and Futures Commission, as a regulatory agency, is considering whether to allow local retail investors to directly invest in cryptocurrency spot trading funds (ETFs). Hong Kong Securities and Futures Commission chief executive Leung Fengyi said that Hong Kong is considering allowing retail investors to participate in such cryptocurrency spot ETFs if regulatory issues are met. "As long as the new risks are resolved, we are happy to try it. Our approach to all assets is Consistent." Liang also mentioned, "We welcome proposals that use innovative technologies to improve efficiency and customer experience." Hong Kong currently allows futures-based cryptocurrency ETFs, but adoption is modest compared to the overall size of the fund industry. Hong Kong currently lists futures ETFs such as Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs, with total assets of approximately US$65 million.

Arthur Hayes mentioned in an earlier interview with a foreign media podcast that news about the approval of a Bitcoin spot ETF is making a noise in the crypto community, but he does not believe that such an event will be beneficial to Bitcoin or the people who use Bitcoin. Arthur Hayes pointed out that assuming that large traditional financial institutions enter the market and absorb most of the Bitcoins, "these institutional entities can even launch Bitcoin mining ETFs", "BlackRock is the largest shareholder of some large mining businesses," like BlackRock Asset management companies like Germany are actually "state agents". They follow the country's instructions...

In just one week, the price of Bitcoin was stimulated by the suspension of interest rate hikes in the United States. It once rose above 35,000 US dollars, driving other cryptocurrencies to follow suit. Ethereum also successfully stood at 3,500 US dollars. Other small and medium-sized cryptocurrencies also experienced astonishing gains, among which SOL obtained specific funds. Entering the market, the weekly increase exceeds 25%. It is not just retail assets. Many of the funds flowing in now are institutional legal persons who want to enter the market and make a fortune while the crypto market is booming. This has also led to a very strong speculative atmosphere in the market as a whole, and the problem of Bitcoin's excessive leverage has not disappeared. This week, Bitcoin once fell from US$35,000...

In the past, DeFi protocols were the main active sector in the crypto market, but the QuickNode on-chain analysis report pointed out that stablecoin trading has surpassed DeFi in the third quarter of this year and became the most popular cryptocurrency commodity, from the first to the third quarter of this year. , the active wallet addresses of stablecoins increased by 45% and the transaction volume increased by 41%. In contrast, DeFi has experienced a decrease in active addresses and transaction volume. DeFi's average daily trading volume in the first quarter was still 1 million transactions, but by the third quarter there were only 786,000 transactions left, and stablecoins were...

Original author: Terry Original source: Vernacular Blockchain -------------------------------------------------- ------------- On November 1, PayPal received a subpoena from the U.S. Securities and Exchange Commission (SEC) law enforcement department regarding PayPal’s U.S. dollar stablecoin. PYUSD, which had high hopes, seemed to be overshadowed by the troubles Facebook faced when it launched Libra. At the same time, with the global...

Original author: Loopy Original source: Odaily Odaily -------------------------------------------------- ------------- Recently, the news that DeFi protocol SafeMoon was sued by US regulators has become a hot topic in the crypto community. On November 1, the U.S. SEC filed a lawsuit in the District Court for the Eastern District of New York, accusing the encryption company SafeMoon LLC and its founder Kyle...

On November 2, three Bitcoin whale wallets that had been dormant for 6 years were awakened at the same time. In just a few minutes, a total of 6,500 Bitcoins were transferred, with a transaction value of more than 230 million US dollars. According to data from BitInfoCharts, the first wallet transferred 2,550 Bitcoins, worth approximately $90 million; the second wallet transferred approximately 2,000 Bitcoins, worth $71 million; and the third address transferred approximately 1,950 Bitcoins. coins, worth $69 million. It is worth noting that the interval between these three transactions is less than 3 minutes. In addition, these three wallets have another thing in common: the vast majority of Bitcoins were obtained on November 6, 2017, when Bitcoin was worth approximately $7,500. These Bitcoins had been idle until yesterday when they were transferred away. During this period, they also experienced two rounds of bull markets. Even Bitcoin was dormant when it hit an all-time high of $69,000 in 2021. It has not yet been confirmed whether the owners of these three wallets are the same person. Recently, many whale addresses have made big moves in the crypto . In July this year, an address that had been dormant for 11 years transferred more than 1,037 Bitcoins, worth more than US$31 million; another address that had been dormant for 10 years transferred out in April this year. 2,071 Bitcoins worth approximately $60 million were transferred at the beginning of the month.

Original source: Odaily Odaily Original author: 0xAyA -------------------------------------------------- ------------- On November 2, DAO solution provider Aragon officially announced its dissolution. Aragon will provide 86,000 ETH to holders of its token ANT (Aragon Network Token) to exchange for ANT...

Original source: Reza Jafery, Decrypt Compiled by: Felix, PANews -------------------------------------------------- ------------- Solana's token SOL once rose by more than 24% on November 2, reaching a maximum of $45. It is worth mentioning that SOL has risen nearly 80% in the past 30 days, outperforming many cryptocurrencies. Analysts believe it's clear...

Original source: Lars, Head of Research at The Block Compiled by: Jordan, PANews -------------------------------------------------- ------------- After a long downturn, most crypto industry indicators improved in October. Overall, the market has shown signs of a strong rebound in the past month. This article will use 12 pictures to explain the crypto market conditions in the past October. 1. October, Bitcoin and...