What are the main issuers of Hong Kong stablecoins?
The main issuers of Hong Kong stablecoins include the following five institutions: JD Coin Chain Technology (Hong Kong): A subsidiary of JD.com, testing cross-border trade and retail payment scenarios. Round Coin Innovative Technology: Led by the former Monetary Authority team, focusing on cross-border payments for enterprises, issuing the Hong Kong dollar stablecoin HKDR. Standard Chartered Bank (Hong Kong): Collaborating with ANX Group and Hong Kong Telecom to prepare a stablecoin for retail and cross-border remittance scenarios. ANX Group: Partnering with Standard Chartered to provide support for Web3 applications. Hong Kong Telecom (HKT): Optimizing payment experiences and participating in the Standard Chartered joint project.
The Bank of Japan 🇯🇵 announced a rate increase of 25 basis points on December 19, 2025, raising the benchmark interest rate from 0.5% to 0.75%, the highest in 30 years, aimed at addressing ongoing inflationary pressures and yen weakness, but the future policy path still depends on economic data. #巨鲸动向
Background and Policy Dynamics of the Rate Hike: The Bank of Japan's rate increase is the second action in 2025, driven mainly by:
Inflation Pressure: Japan's inflation rate has exceeded the 2% target for three consecutive years, with November CPI data expected to show persistent price pressures, and import costs rising due to yen depreciation.
Economic Recovery Signals: Business confidence has reached a four-year high, and a tight labor market supports wage growth, providing a foundation for the rate hike.
Policy Caution: Bank Governor Kazuo Ueda emphasized that the pace of future rate hikes will "depend on data" to avoid a preset path; the market expects another rate hike to around 1% in 2026, but terminal rate guidance remains vague to retain flexibility.
What impact does Japan's🇯🇵 interest rate hike have on Bitcoin? #BTC
Since 2024, every time the Bank of Japan has raised interest rates, Bitcoin has experienced significant declines ranging from 20% to 31%. For example, the interest rate hikes in March 2024, July 2024, and January 2025 led to Bitcoin dropping approximately 23%, 26%, and 31%, respectively. This correlation stems from the reversal of yen carry trade: investors borrow low-interest yen to invest in risk assets like Bitcoin. An interest rate hike increases financing costs and triggers forced liquidations, exacerbating liquidity pressure.
Currently, the market widely expects the Bank of Japan to raise interest rates by 25 basis points to 0.75% on December 19, 2025, with a probability exceeding 80%. If the hike occurs as anticipated, Bitcoin may face short-term downward pressure. Technical analysis suggests that the area around $70,000 may become a key support level, and if broken, further pullback targets may point towards the $67,700 region. It is important to note that some of the decline may have already been reflected in the price, as Bitcoin has already dropped before the interest rate hike.
Technical weakness: Bitcoin has recently shown a 'bear flag pattern', with dense resistance levels (such as $91,000-$94,000). If it breaks below the support range, it may accelerate the decline.
If the interest rate hike meets expectations and the central bank releases dovish signals, there may be a 'buy the rumor, sell the news' rebound opportunity, although the probability is low.
Overall, the Bank of Japan's interest rate hike is likely to suppress Bitcoin's performance in the short term, but the long-term trend still depends on macro fundamentals and the evolution of market sentiment.
#ETH After the interest rate hike, bullish? Bearish? Real trading, 1000U slowly flipping positions Not bragging about flipping 10 times to deceive Truly, steadily making gains on the right side of trading The broadcast has started, brothers!
$ETH Forced liquidation pressure: ETH experienced $189 million in forced liquidations during the recent market downturn, with one holder's long position valued at $168.7 million being liquidated at a price level of $2,807.02. High leverage and volatility: The estimated leverage ratio for ETH on a major exchange reached a historical high of 0.579, increasing vulnerability to sudden price fluctuations and chain liquidations. Technical weakness: ETH shows bearish signals in the short to medium term, with EMA7 below EMA25 and EMA99, MACD trend being negative, and prices trading below the middle line of the Bollinger Bands. Cautious outlook: Community sentiment remains cautious, with many discussions surrounding macroeconomic factors and significant liquidation events potentially triggering market declines and impacting traders.
$ETH Bearish Indicator: ETH shows a bearish technical structure, with the short-term EMA below the long-term moving average, MACD in negative territory, and RSI values consistently below 50. Leverage Risk: High leverage in the market has led to significant whale positions being liquidated, including a long position in ETH valued at $10.4 million, indicating increased downside risk. Regulatory and Market Uncertainty: Japan's upcoming interest rate decision and ETF outflows, combined with year-end options expiration, are exacerbating market instability. $ETH Sentiment Divergence: Community sentiment is divided, with some investors expecting prices to further decline to $2,600 or $2,400, while others maintain a long-term bullish outlook.
1.289 million transaction volume exchanged for 88152 pieces of $NIGHT (currently valued at 5544 dollars). Is it worth it? Many critics want to see wear and tear, so today I'll show you directly: Transaction fee wear: 1289012*0.075%=967 dollars Actual wear after a reduction of 45: 967-435=532 dollars Market wear: 196 dollars Total wear: 532+196=728 dollars The event will end in five days, the estimated basic numbers are quite exaggerated. Although $NIGHT currently has a four-hour upward trend, it will definitely drop before the release, not allowing people to easily benefit.
{future}(NIGHTUSDT) This time the volume is so large, it is estimated that it will be like $MMT , providing a big surprise for hedging. #night
$ETH Bearish technical indicators: MACD, RSI, and EMA indicators all show strong bearish momentum, with RSI at 21.63, and EMAs showing a bearish crossover, indicating ongoing downward pressure. Liquidation risk: The high leverage of the exchange and significant unrealized losses from large holders, including a major whale's loss of $52 million, increase the risk of cascading liquidations. Network event: A vulnerability in Ethereum's Prysm client led to over $1 million in losses for validators, highlighting the importance of network resilience and client diversity. Clearly bearish thoughts have been short-circuited into buying long, when will the position be able to break even?
$ETH Network Client Vulnerability: A software vulnerability in the Prysm consensus client has resulted in validator losses exceeding $1 million (382 ETH), highlighting the inherent risks of client centralization within the Ethereum network. High Leverage Levels: Ethereum's estimated leverage ratio has reached a historical high of 0.579, indicating excessive leverage usage in the market. This situation increases sensitivity to rapid price fluctuations and the potential chain liquidations of long positions. Profit-Taking Pressure and Options Expiry: The rise in unrealized profits (NUPL at 0.296) may trigger sell-offs. Additionally, the upcoming expiry of $3.9 billion ETH options on December 26 may lead to increased market volatility.
$ETH High forced liquidation risk: Especially the high leverage ratio of exchanges, if ETH experiences a sudden downward price fluctuation, it may lead to a chain of forced liquidations, ETF outflows and poor performance: Recently, there has been a large outflow of funds from the spot Ethereum ETF, causing ETH to underperform relative to Bitcoin. Macroeconomic headwinds: The anticipated interest rate hike by the Bank of Japan and the general weakness in global markets may lead to further volatility and sell-offs in the cryptocurrency market.
$ETH Options Expiration: $4.3 billion worth of Bitcoin and Ethereum options expire, with Ethereum's maximum pain point at $3,100, exacerbating market volatility and downward pressure. High Leverage Risk: Ethereum's leverage ratio has reached a historical high, making the market susceptible to severe price fluctuations and leading to large positions being forcibly liquidated. Macroeconomic Headwinds: The Bank of Japan's anticipated interest rate hikes could negatively impact the overall cryptocurrency market, as previous rate increases have led to significant market declines. {future}(ETHUSDT)
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According to recent information, "Brother Majie" has been continuously engaging in leveraged long positions in the cryptocurrency market? #ETH
Latest update (December 7, 2025): Huang Licheng's Ethereum long position was completely liquidated due to market decline, but he subsequently opened a long position again, currently holding 2200 ETH.
Recent operations (November to December 2025): He frequently conducts leveraged trading, for example, on November 21, after his ETH long position was liquidated, he recharged $115,000 to continue opening long positions, forming a cycle of "increasing positions → liquidation → recharging." Additionally, on November 4, he reopened a 25x leveraged ETH long position with remaining funds, but the account continued to incur losses amid subsequent market fluctuations.
Loss situation: These operations led to significant losses. For example, on November 17, his 25x leveraged ETH long position was liquidated with a loss of $3.6 million; overall, looking at the peak value of nearly $60 million in account value, it nearly went to zero within 47 days, accumulating losses of over $19 million. Earlier records show that he cut losses and liquidated part of his long positions in October 2025, with losses reaching $21.53 million.