According to apps.sfc.hk, Julia Leong, CEO of the Securities and Futures Commission (SFC), delivered a keynote speech at the Bond Connect Anniversary Summit 2024. The event marked an important milestone in the continued integration of international bond markets. Key highlights of the speech Lung highlighted the importance of the Bond Connect initiative in facilitating greater collaboration between mainland Chinese and international investors. She highlighted the program’s role in enhancing market access and transparency. Leung also discussed the future prospects of the Bond Connect program, noting its potential to further streamline cross-border investment flows. She stressed…
Author: Crypto Flexs
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Bitcoin enters the second week of July in a dangerous state, with investors concerned about further declines in the BTC price.Bitcoin (BTC) is causing a nightmare for investors as it hits its lowest weekly close in four months, with unrealized losses mounting and more hits expected to come.Where will the market ultimately go?The trading community, already shocked by the scale of recent losses, is nonetheless bracing for lower levels. Historically, the current decline is still small, leaving the path open for a trip to $50,000 or lower. With this unpleasant situation in mind, long-time market participants are watching to see…
A prominent crypto strategist predicts that Ethereum (ETH) will surge towards the end of the year due to the current market correction. Anonymous analyst Inmortal told his 214,800 followers on social media platform X that Ethereum is likely to consolidate between $4,000 and $2,800 in the coming months. The trader shared a chart suggesting that Ethereum will see a parabolic rally starting in October and continuing throughout the year, ultimately leading ETH to a new all-time high of $8,000. “Capture this. “It’s ETH.” Source: Inmortal/X At the time of writing, Ethereum was valued at $2,903, down more than 4% on…
Fireblocks announced support for Amazon Web Services (AWS) Nitro Enclaves, a significant development to enhance customer security. According to fireblocks.com, this new feature allows Fireblocks customers building their products on AWS to leverage Nitro Enclaves to run Fireblocks API Co-Signer. Fireblocks x AWS Nitro Enclaves Fireblocks uses API cosigners to store customers’ Multi-Party Computation (MPC) signing keys and configuration keys. Key sharing is key to MPC signing of digital asset transactions, while configuration keys authorize modifications to the Fireblocks Workspace. By integrating AWS Nitro Enclaves, Fireblocks customers can now leverage this secure environment for API…
LINK’s price has increased by 4% in the last 24 hours. Some indicators showed strength, while others showed weakness. Chainlink (LINK)Like many other cryptocurrencies, it faced the wrath of the bears last week as its price chart turned red. According to the latest data, the token may be testing the support of the bearish pattern. But recent market trends have changed. Chainlink bulls enter AMBCrypto was previously Reported A sell signal has appeared on the token’s 4-hour chart. There is a possibility that LINK could register a few more red candlesticks on the 4-hour chart on July 7th. Ali, also…
Cardano (ADA) has had a strong start to the week, rising 2% over the last 24 hours to trade at $0.3725 on July 8. With this price increase, ADA has recovered all of the losses it suffered on Sunday, July 7, indicating a change in investor sentiment towards the Layer 1 token.ADA/USD daily chart. Source: TradingViewADA’s rise comes against the bearish cloud that continues to engulf the broader cryptocurrency market. For example, the top two cryptocurrencies by market cap, Bitcoin (BTC) and Ether (ETH), are down about 1.89% and 0.79%, respectively. Let’s take a look at the bullish factors that…
A final decision on the Spot Solana exchange-traded fund (ETF) is expected around mid-March next year, after the Chicago Board Options Exchange (CBOE) filed an application to list the proposed ETF from VanEck and 21Shares on Monday. CBOE filed two Form 19b-4 applications on July 8, one for the 21Shares Core Solana ETF and one for the VanEck Solana Trust. CBOE likened the potential Solana fund to the Spot Bitcoin and Spot Ether ETFs approved by the SEC in January and May, respectively, saying Solana’s decentralization, throughput, and speed make it resistant to manipulation that could harm investors. “Like Bitcoin…
Eternal Paradox Season 5 is in full swing, and the competition is fiercely competing for supremacy. According to Gala News, the recent Conquest event saw SquareXII, BTB-I, and Eternals take the top three spots. But now the focus shifts to Arena, a unique battleground that requires unique strategies and skills. Stadium Overview Eternal Paradox’s Arena measures not only the strength of a mercenary, but also their tactical acumen and tenacity. Each Arena season lasts one week, giving players seven days to climb the leaderboard and improve their ranking. The competition consists of five main ranks:…
The Bitcoin (BTC) price dropped 7% on July 8 to retest the $53,354 level, causing minor damage to bulls as $62 million of leveraged longs were liquidated. However, the bears were caught off guard when the price rose 7% to $58,215 in less than 8 hours, forcing $96 million of shorts to close.Bitcoin’s brief intraday plunge spooks short sellersOn July 8, the Bitcoin price returned to the same level as 24 hours ago, at $57,200. This liquidation data suggests that institutions that bet on the price decline, which increased the open interest by $6,350 on July 7, used high leverage…
Terra Luna Classic’s Staking Vault Crosses 1T as Price Decline Continues 125 billion LUNC were burned through joint efforts of the community and Binance. Despite this breakthrough achievement, LUNC still saw a 35% monthly decline. The Terra Luna Classic (LUNC) chain, which is in trouble, has achieved an all-time staking record, currently boasting a solid staking ratio of 15.03%. With 1.018 trillion LUNC coins staked, the staking fund vault is worth about $69 million at current prices.Benefits of 1T LUNC in Staking VaultX’s Terra Classic chain validators mark 20% as the next checkpoint for the LUNC staking ratio. By increasing…