An important news yesterday: The Hong Kong Securities and Futures Commission announced that starting from June 1, when the Hong Kong virtual asset platform licensing system begins, all virtual business companies operating in Hong Kong will need to obtain a Hong Kong Securities and Futures Commission license, and individual investors will be allowed to buy and sell cryptocurrencies.
This is definitely a major positive. On the one hand, it shows that Hong Kong, as an international financial center, is indeed gaining momentum. It also indirectly shows that the mainland is quietly making strategic arrangements for cryptocurrencies. Hong Kong will serve as a bridge for innovation in the financialization of virtual assets between the mainland and overseas, attracting more projects, personnel and assets to innovate in this region.
At the same time, it will stimulate more "evangelists" of the past to return from Singapore and develop virtual asset businesses. For example, many old people showed up at the Hong Kong conference in April, such as Da Hongfei of NEO and Shuai Chu of QTUM.
On the other hand, allowing investors to buy and sell will also help to make the green bonds issued by the Hong Kong government in the future B-type, allowing institutional investors to subscribe to them. The logic behind this attempt is very profound. It is not only meaningful for the development of Hong Kong, but will also indirectly feed back to the mainland. For example, Hong Kong's lottery industry is not allowed here, but the large amount of funds in it have been profitable for many years.
Especially this opening, it reminds me of a scene in a movie. At that time, Hong Kong people were crazy about stock trading, horse racing and lottery. Men, women, old and young were queuing in front of the trading hall. Looking at it from today's perspective, as long as the publicity is in place, a few good targets are established, and the investment is strong enough, it will continue to attract new investors. As long as there are enough of them, it will probably go crazy.
I am looking forward to the halving next year! It will be more fun!
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1. Hong Kong ZhongAn Bank announced that it will launch virtual asset trading services for retail investors under the new licensing system. With corresponding risk warnings for retail investors, virtual assets can be bought and sold with legal currency through the APP. In addition to virtual assets, there are plans to open US stock services. Later, as long as you are a user of their company, it will be as simple as buying and selling gold and funds with a domestic bank APP, and more and more banks will open up.
2. CZ: CTV just broadcasted cryptocurrency, which is a big deal. The Chinese community is very lively. Historically, reports like this will lead to a bull market. At 8 o’clock last night, a TV station broadcast a special report for more than a minute, guiding Hong Kong to open up the cryptocurrency ZC. The most interesting thing is that there is a picture of a certain B on it, and there is also a QR code, which can be scanned to show that it is a SAMO dog. It almost rose 10 times overnight. This is the power of TV. I also tend to believe that this wave of funds will be more bullish from the East.
3. Dubai will launch the world's first BTC tower, a hotel shaped like the iconic cryptocurrency. It will also accept BTC payments for check-in and other services. It seems that you can stay here when you travel to Dubai in the future, which will directly promote BTC to move further into the world.
4. Greed Fear Index 51 Neutral
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Fishpond: U, operation (normal, sustainable, abnormal, unsustainable)
B 26251 Support 26000 Normal
Primary mainstream
E 1790 Support 1700 Normal
BNB 305 Support 300 Normal
Secondary mainstream
XRP 0.45 Support 0.4 Normal
DOGE 0.07 support 0.07 normal
MATIC 0.87 Support 0.8 Normal
DOT 5.2 Support 5 Normal
2023 halving
LTC85 Support 90 Normal
DASH 40.5 Support 40 Normal
To briefly explain the market, there has been a certain correction, and the market has fallen from 27,300 again, testing the support of 26,000. From the shape point of view, it is a bit ugly, which is related to the delivery of 3.6 billion options on Friday, which means that there will be a certain amount of market crash; the overall market is still in the range of 25,000 to 30,000. I don't think there is a big problem. The next few days will be critical. There will be opportunities to make up for it. Just be patient and hold on.
E was also affected by Friday's options and fluctuated around 1,800. I think E may surpass B in the future. E has been very strong recently, with 3.32 million E destroyed. Please be rational and hold on patiently.
Copycat, I talked about the Hong Kong sector in the circle on the 19th. It has performed very strongly recently. When the big brother pulled back, they simply did not follow. Some continued to pull up, and some did not pull up or fall. This shows that a considerable amount of funds are supporting it. I have taken a look. At least 50% of the Hong Kong sector's generation B did not rise. There is the influence of the big brother. Once the big brother stabilizes, it will most likely take off with the news and the entry of new people. It is suggested that it is not too late to choose now.