Secretary for the Treasury of Hong Kong: The Securities and Futures Commission will soon issue a notice on intermediaries engaged in tokenized securi

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Cointime2023/11/02 04:48

By:Cointime

Odaily Planet Daily News: Hong Kong Financial Secretary Paul Chan Mo-po said at the 8th Hong Kong Fintech Week forum that the government continues to encourage Web3 innovation, and the recent crackdown on JPEX has not undermined its determination. He said: "We have been asked many times whether JPEX will affect our determination to develop the Web3 market. The answer is obviously no." Chan Mo-po added that the Securities and Futures Commission will soon issue a notice on intermediary agencies engaged in tokenized securities-related activities and investment products recognized by the Securities and Futures Commission. He said that another area of concern for regulatory agencies is exploring how to expand their jurisdiction to cover virtual asset trading beyond transactions on virtual asset trading platforms. At the same time, the Hong Kong Monetary Authority and the Financial Services and Treasury Bureau will soon publish another joint consultation on the regulatory regime for stablecoin issuers. (The Block)

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14