Crypto News

The pronouncement, delivered with great flourish by the Chief herself, one Julia Leung, at the Hong Kong FinTech Week, a gathering of the most modern and, one supposes, essential minds.

The nation, once best known for its equitable distribution of yaks and vague socialist nostalgia, has inadvertently become the saga of Changpeng Zhao (CZ), Binance’s resident crypto wizard, and his alleged entanglement in a bank scheme dreamed up by President Sadyr Japarov – a man who seems to have mastered the art of stating the obvious with existential gravity. 🧙♂️

The whole thing smells fishy, very weak. Unless some brave souls start buying, this could get uglier than a borscht stain on a white tablecloth!

The first question you face is whether you even need a forex broker. After all, spot Bitcoin exchanges like Coinbase or Kraken have been around longer than a Soviet five-year plan. Yet, there are three concrete advantages to trading BTC pairs at a regulated FX house.

Trump Doesn’t Know Who CZ Is! 😱

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During the bustling Hong Kong Fintech Week, the HKMA made it clear that their plan revolves around four pillars-otherwise known as “DART” (no, not the game, though that would be cool too). These pillars? Data, Artificial Intelligence (AI), Resilience, and of course, Tokenization. Because why wouldn’t tokenizing real-world assets be the next big thing? And they’ve got 40 initiatives to make it all happen. Buckle up, it’s a wild ride.

Amidst this, the esteemed whales of the digital ocean have been most active in their aquatic maneuvers, shifting hundreds of millions of dollars in Bitcoin (BTC), Ethereum (ETH), and other altcoins. Accumulation? Profit-taking? A whimsical waltz of greed and caution among the wealthy few!

Bitcoin ($BTC) slipped 2.5% in the past 24 hours, underperforming a broadly weaker crypto market (-2.88%). The decline stems from multiple pressures – both macro and technical. Federal Reserve Chair Jerome Powell’s hawkish remarks reignited fears of delayed rate cuts, boosting the USD and driving investors away from risk assets. Meanwhile, Spot Bitcoin ETFs saw $388 million in net outflows, the largest since August, signaling profit-taking by institutions. Technically, BTC’s drop below $109.5K triggered automatic sell orders. The key support now lies between $108K-$109K, crucial for preventing further downside. 😭💸

Poor Bitcoin couldn’t keep its head above the $110,500 pivot level and has since embarked on a fresh decline. It’s dipped below $110,000 and $109,500, landing itself squarely in a bearish zone-how utterly unfashionable. 👎