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Important Information:
Wong Tin-yau is appointed Chairman of the Hong Kong Securities and Futures Commission for a three-year term
Hong Kong Monetary Authority: Virtual banks will be renamed “digital banks”
German listed company Samara Asset Group will issue 30 million euros of bonds to buy Bitcoin and fund shares
Vitalik sold MOODENG for 8 consecutive days, causing its price to fall 72% from its peak
Monochrome to launch Australia’s first Ethereum spot ETF on Cboe
Man with gun arrested near Trump campaign rally
TD Bank becomes first U.S. bank to plead guilty to money laundering conspiracy, fined $3 billion
“What important events have occurred in the past 24 hours?”
Wong Tin-yau is appointed Chairman of the Hong Kong Securities and Futures Commission for a three-year term
According to Cailianshe, the Hong Kong Special Administrative Region Government announced that the Chief Executive of the Hong Kong Special Administrative Region has appointed Dr. Huang Tianyou as the Chairman of the Securities and Futures Commission of Hong Kong (SFC) in accordance with the Securities and Futures Ordinance (Chapter 571) for a term of three years, from October 20, 2024 to October 19, 2027.
Hong Kong Monetary Authority: Virtual banks will be renamed “digital banks”
The Hong Kong Monetary Authority released a consultation summary on the proposed name change of virtual banks, stating that virtual banks will be renamed "digital banks" and the guidelines will be revised to implement the use of the new name as soon as possible.
The HKMA received a total of 26 submissions during the consultation period, including from the industry or professional organizations, virtual banks and the public. Respondents generally supported the name change proposal, and most of them agreed to use the proposed new name "Digital Bank". The HKMA will revise the guidelines (on the authorization of virtual banks) to implement the use of the new name Digital Bank as soon as possible.
Data: Today’s trading volume of 6 Hong Kong virtual asset ETFs is approximately HK$27.32 million
Hong Kong stock market data shows that as of the close, the trading volume of today's 6 Hong Kong virtual asset ETFs was approximately HK$27.32 million.
in:
The trading volume of ChinaAMC Bitcoin ETF (3042.HK) was HK$17.63 million;
ChinaAMC Ethereum ETF (3046.HK) had a trading volume of HK$1.95 million;
The trading volume of Harvest Bitcoin ETF (3439.HK) was HK$1.93 million;
The trading volume of Harvest Ethereum ETF (3179.HK) was HK$385,000;
The trading volume of Bosera HashKey Bitcoin ETF (3008.HK) was HK$4.79 million;
The trading volume of Bosera HashKey Ethereum ETF (3009.HK) was HK$644,000.
CoinShares: Digital asset investment products saw net inflows of $407 million last week
CoinShares reported inflows of $407 million into digital asset investment products last week.
The report said that because investors' decisions may be more influenced by the upcoming US election than the outlook for monetary policy, stronger-than-expected economic data did little to stem capital outflows, while the recent US vice presidential debate and subsequent polls shifted toward the Republican Party, which is considered more supportive of digital assets, leading to capital inflows and an immediate rise in prices.
As expected, perhaps due to the political nature of recent inflows, the United States saw an inflow of $406 million, while the other country with significant inflows was Canada with $4.8 million. Bitcoin inflows totaled $419 million, making it the main beneficiary of recent political changes.
In comparison, short-term Bitcoin investment products saw outflows of $6.3 million.
German listed company Samara Asset Group will issue 30 million euros of bonds to buy Bitcoin and fund shares
According to Bitcoin Magazine, German listed company Samara Asset Group will issue 30 million euros in bonds to purchase Bitcoin and fund shares.
The bond issue will be managed by Pareto Securities and the bonds will be listed on the Oslo and Frankfurt stock exchanges with a minimum subscription amount of €100,000.
The company plans to use the proceeds from the bonds to buy shares in alternative investment funds and increase its Bitcoin holdings. Samara CEO Patrik Lowry said this would further strengthen the company's balance sheet and diversify investments into emerging technology sectors. Bitcoin is currently Samara's main treasury reserve asset.
Data: Vitalik's address transferred 200,000 MSTR and over 50 million EBULL to Kyber Network and others yesterday
According to Arkham monitoring data, Ethereum co-founder Vitalik Buterin's marked address transferred 49.875 million EBULL and 199,500 MSTR to the Kyber Network address yesterday. In addition, it transferred 1.25 million EBULL and 500 MSTR to an unmarked address starting with 0x3904.
Vitalik sold MOODENG for 8 consecutive days, causing its price to fall 72% from its peak
On-chain analyst AI Yi posted on social media that MOODENG, the biggest beneficiary of Vitalik’s recent airdrop, is experiencing “backlash.”
On October 7, Vitalik tweeted to thank the Memecoin for the donation, and specifically mentioned MOODENG on the Ethereum network. After the tweet was released, the price of MOODENG soared 101%. However, as Vitalik continued to sell in the past 8 days, the price of MOODENG has fallen 72% from its high ($0.0002714 to $0.00007614).
Monochrome to launch Australia’s first Ethereum spot ETF on Cboe
According to Decrypt, Monochrome Asset Management is preparing to launch Australia's first Ethereum spot ETF on Cboe.
The Monochrome Ethereum ETF (IETH) will begin trading on Monday, following the launch of its Bitcoin ETF (IBTC) in August 2023 with a size of $10.1 million.
According to reports, the fund positions itself as the world's first fund to provide physical Ethereum subscriptions and redemptions. In an interview, the company's CEO Jeff Yew said that this feature can improve tax efficiency, and the dual-access bare trust structure is designed to prevent capital gains tax events, allowing long-term crypto industry participants to transfer Ethereum to the corresponding Monochrome ETF without triggering changes in legal and beneficial ownership, and giving investors absolute rights to their allocated Ethereum.
TD Bank becomes first U.S. bank to plead guilty to money laundering conspiracy, fined $3 billion
Last week, U.S. Attorney General Merrick B. Garland announced in Washington that TD Bank, one of the largest financial institutions in the United States, had pleaded guilty to multiple felony charges, including conspiracy to violate the (Bank Secrecy Act) and money laundering.
Garland confirmed in a statement that TD Bank agreed to a $1.8 billion criminal penalty, which, when combined with the civil enforcement action, brings the total penalty against the bank to about $3 billion. He noted that the resolution includes "the largest penalty ever imposed under the (Bank Secrecy Act) and the first time the Department of Justice has assessed a daily penalty against a bank."
The bank is the largest in U.S. history to admit to violating (the Bank Secrecy Act) and the first to plead guilty to conspiracy to launder money. The Justice Department highlighted compliance lapses that created an environment for financial crime to flourish.
Trump: Musk wants to be in charge of cost cutting, and will create a new position of "Minister of Cost Cutting"
According to Fox News, former US President Trump said that Musk hopes to be in charge of cost cutting and will establish a new position called "Minister of Cost Cutting."
Man with gun arrested near Trump campaign rally
The Sheriff of Riverside County, California, said that on the 12th local time, a man was arrested near the campaign rally of former US President Trump in Coachella Valley, California. The man was carrying a weapon and a fake pass. Local police said that the man may have planned to assassinate Trump.
Local police said the man's name was Wim Miller. At around 5 p.m. Pacific Time on the 12th, he presented a forged pass at a security checkpoint and was found by police to be illegally in possession of a shotgun, a loaded pistol and a large-capacity magazine.
"What are the interesting articles worth reading in the past 24 hours?"
The price of SUI coins hit a record high and Meme coins surged. How to participate in the rising Sui ecosystem?
On October 13, the closing price of the SUI token exceeded $2.2, setting a record high, and the market value broke into the top 20. The upward trend is still continuing. On October 14, the price of the coin exceeded $2.3, and the increase in the past two days has exceeded 30%. The latest monitoring data of traders shows that the performance of the SUI coin price has surpassed TON, and it is the best public chain token in terms of price performance since the beginning of 2024.
At the same time, the prices of multiple ecological meme projects such as HIPPO, BLUB, and FUD also soared, with the increase exceeding 10 times. In addition, the two major DeFi applications in the ecosystem: the lending agreement NAVI Protocol and the order book exchange DeepBook will officially start token trading on October 14.
The strong performance of Sui tokens and ecological projects has attracted great attention from the crypto market. A large amount of funds are pouring into the Sui ecosystem in search of wealth opportunities. According to Cointelegraph, nearly 27% of the outflow of funds on Solana in September was transferred to Sui.
According to DeFiLlama data, the transaction volume on the Sui chain has exceeded US$1.32 billion in the past seven days, ranking sixth in the entire public chain market, and Arbitrum is fifth.
How to seize new wealth opportunities in the ecological rise of Sui Chain? It has become a hot topic in the crypto community.
GOAT increased 1,000 times in a week, a16z transferred $50,000 worth of AI, and the first coin was worth $100 million
Meme hype has entered the era of "human-machine resonance".
Today's Meme What's Hot column introduces an AI Bot that was launched in June this year - Truth Terminal (@truth_terminal). It operates in semi-autonomous mode, and human administrators can approve its Twitter posts and decide who to interact with. What made it a hit was that a16z founder Marc Andreessen gave it $50,000 worth of Bitcoin.
Andy Ayrey, the founder of Truth Terminal, said that Truth Terminal is not a crypto project, but "a study of the tail risks of meme contagion and unsupervised unlimited creativity in the era of [large language models]." As the speeches of Truth Terminal have more and more meme-spreading effects, many related hype targets have gradually appeared in the market.
The dilemma of the Meme “Jesus”: The Murad effect, fanatic groups, and the trend of faith coins
Murad is a notable figure because of his contradictory views on the impact of the market. He believes that meme coins will drive revaluation as holders form fanatical groups because holders are reluctant to sell. In other words, meme coins can enter a larger serviceable market (TAM) by moving from a "fun" nature like Doge to a "serious" nature. However, the meme coins he promotes, such as GigaChad and SPX6900, do not have true seriousness and are more like Doge.
The paradox is that the real reason these coins are revaluing is because Murad himself owns them. When he tweets, the price goes up, which actually proves his argument wrong. The price movement is not because of the growth of the “fanatic community”, but because Murad himself owns these coins.
