Market Overview - In September, Bitcoin (BTC) increased by 5.41%, closing at $114,117.01, while Ethereum (ETH) decreased by 5.60%, ending at $4,145.99[15][18]. - The total trading volume for cryptocurrencies in September dropped to $1.67 trillion, a decrease of 9.7% from August's $1.85 trillion, marking the lowest level since June[23]. Economic Influences - The Federal Reserve cut interest rates by 25 basis points to a range of 4.00%-4.25%, with expectations for further cuts later in the year, influencing market sentiment positively[21][18]. - The U.S. non-farm payrolls added only 22,000 jobs in August, significantly below the expected 750,000, indicating a cooling labor market[21]. Institutional Interest - In September, Bitcoin ETF saw a net inflow of over $3.53 billion, reversing the previous month's outflow of $751 million, reflecting growing institutional confidence in crypto assets[23]. - The number of large Bitcoin addresses reached a new high, indicating increased accumulation by "whales" despite market fluctuations[22]. Investment Strategies - Victory Securities emphasizes the importance of understanding risks and selecting compliant platforms for cryptocurrency investments, highlighting their full licensing advantages[2]. - The company plans to continue supporting virtual asset education and hosting more courses to enhance investment knowledge in Hong Kong[3]. Community Engagement - Victory Securities distributed 200 Mid-Autumn Festival gift bags to underprivileged families, reinforcing its commitment to community support and social responsibility[8].

Core Viewpoint - The company, Lianzhong (06899 HK), announced a strategic move into the cryptocurrency sector, which led to a temporary suspension of its stock trading due to a misstatement in its announcement regarding its affiliate, Allied Gaming & Entertainment Inc. (AGAE) [2][4]. Group 1: Company Announcement - On October 14, Lianzhong mistakenly referred to AGAE as a subsidiary instead of an affiliate in a voluntary announcement [2]. - AGAE has begun investing in Bitcoin (BTC) and increasing its holdings in Ethereum (ETH), marking the initiation of a strategy to incorporate cryptocurrencies into its balance sheet [4]. - The announcement also laid the groundwork for AGAE's broader blockchain applications and the tokenization of Real World Assets (RWA), aiming to integrate blockchain technology with the core gaming and entertainment sectors [4]. Group 2: Blockchain and RWA Strategy - RWA refers to the conversion of real-world assets, such as real estate and bonds, into tradable digital tokens using blockchain technology [4]. - The integration of blockchain technology with the gaming and entertainment industry is expected to reshape the industry's value chain, with cryptocurrency investment being a crucial starting point for this strategic layout [5]. - AGAE plans to expand blockchain-based payment methods across its global IP portfolio, including esports events and immersive entertainment venues, while developing its own RWA tokenization model [5]. Group 3: Market Reaction - Following the announcement, Lianzhong's stock price surged by over 47% in early trading on October 15, although it later decreased to a closing increase of 25.42%, at HKD 0.370 per share [5].

Core Viewpoint - French banking giant ODDOBHF has launched a euro-backed stablecoin named EUROD, marking its entry into the cryptocurrency sector [1] Group 1: Company Overview - ODDOBHF manages assets exceeding €150 billion (approximately $173 billion) [1] - The stablecoin EUROD will be available on the Madrid-based cryptocurrency platform Bit2Me, which is supported by major institutions including telecom giant Telefonica and banking giants Unicaja and BBVA [1] Group 2: Regulatory Compliance and Market Position - EUROD complies with the European Union's MiCA regulatory requirements, targeting both retail and institutional users [1] - Bit2Me's CEO Leif Ferreira stated that the launch of ODDOBHF's euro stablecoin is a significant step towards providing trusted regulated digital assets on the platform [1]

Group 1 - Federal Reserve Chair Powell indicated that the process of balance sheet reduction may be nearing its end, with rising risks in the job market [9] - The International Energy Agency (IEA) warned of a record oversupply in the oil market next year, predicting a significant surplus in global oil supply by 2026 [3][11] - The IMF has raised its global growth forecast for 2025, citing potential impacts from the ongoing trade war initiated by former President Trump [11] Group 2 - The U.S. dollar index closed at 99.056, down 0.21%, while the yield on the 10-year U.S. Treasury bond reached 4.033% [3][6] - Spot gold hit a record high of $4180 per ounce before a sharp decline, ultimately closing at $4142.15, marking a 0.77% increase [3][6] - The Hang Seng Index fell by 1.73%, with significant declines in the semiconductor sector, where stocks like Hua Hong Semiconductor dropped over 13% [4][5]

Core Insights - The report by Bitget indicates a sustained optimism in the global cryptocurrency market despite macroeconomic uncertainties [2] - Approximately 66% of surveyed participants plan to increase their cryptocurrency investments in the coming months, with 50% aiming to expand trading positions and 43% favoring long-term savings and wealth management strategies [2] - Nearly 49% of respondents expect the next Bitcoin bull market peak to range between $150,000 and $200,000, with a growing number of long-term investors anticipating even higher valuations [2] Regional Insights - Nigeria (84%), China (73%), and India (72%) show the highest willingness to invest in cryptocurrencies, highlighting the critical role of emerging markets in cryptocurrency adoption [3] - In contrast, investors in developed markets like Germany, France, and Japan exhibit more cautious attitudes, with South Korea showing a notably high percentage of respondents planning to reduce cryptocurrency investments [3] Investment Preferences - Ethereum and Solana remain popular choices among global investors, with support rates of 67% and 55% respectively, while Bitcoin and Ethereum continue to be core components of investment strategies [3] - Niche assets such as platform tokens, meme coins, and Layer 2 projects still hold significant appeal in specific regions [3] Company Strategy - Bitget's transition to a panoramic exchange model allows it to uniquely address market changes by integrating trading, asset management, payment, and on-chain access within a single ecosystem [3] - The company emphasizes its role as both a "measure" and "builder" of market confidence, catering to both new entrants and experienced investors [3] Company Overview - Established in 2018, Bitget is the largest panoramic exchange globally, serving over 120 million users across more than 150 countries [5] - Bitget Wallet supports over 130 blockchains and millions of tokens, facilitating multi-chain trading, staking, and payments [6] - The company engages in strategic partnerships to promote cryptocurrency, including collaborations with LaLiga and UNICEF for blockchain education initiatives [6]

Core Viewpoint - Cryptocurrency, particularly stablecoins, is profoundly impacting and reshaping the global financial, trade, and economic systems, becoming a systemic variable that influences macroeconomics, international balance of payments, monetary policy, and financial stability [2] Group 1: Characteristics and Types of Cryptocurrency - Cryptocurrency is a digital asset based on blockchain technology, secured by cryptographic algorithms, and maintained by a decentralized network, enabling peer-to-peer value transfer without reliance on central banks [4] - Key characteristics include decentralization, cryptographic security, limited or algorithmic issuance, and transparency, with all transaction records available on the blockchain [4][5] - Major types of cryptocurrencies include public chain coins (e.g., Bitcoin, Ethereum), stablecoins (e.g., USDT, USDC), central bank digital currencies (CBDCs), exchange platform tokens, and privacy coins [5] Group 2: Impact on Global Economy - Cryptocurrency affects financial stability by exhibiting high volatility and correlation with traditional assets, potentially leading to systemic risks [8] - It transforms international trade by enabling low-cost, efficient cross-border transactions, significantly reducing fees and time compared to traditional banking [8][9] - Capital flow is influenced as cryptocurrencies allow rapid movement of funds across borders, potentially bypassing currency controls [9] - The emergence of a cashless economy is accelerated by cryptocurrencies and CBDCs, reshaping global energy and computing trade [9] Group 3: Regulatory and Governance Challenges - The global landscape is entering a "rules competition" era, with regulatory arbitrage becoming more pronounced as different regions adopt varying compliance standards [10] - Anti-money laundering pressures are increasing, necessitating the extension of regulations to stablecoins and decentralized finance (DeFi) [10] - The introduction of cryptocurrencies poses significant challenges to existing international economic governance, particularly in finance, trade, and capital flow [10] Group 4: Opportunities and Challenges for China - Opportunities for China include promoting the internationalization of the Renminbi, enhancing cross-border payment efficiency, and leveraging blockchain technology for digital currency development [12] - Challenges include risks to financial stability and monetary sovereignty, potential capital flow issues, and the need for a robust regulatory framework to address the evolving landscape of stablecoins [13]

Group 1 - AGAE has initiated a strategic plan to incorporate cryptocurrencies, specifically Bitcoin (BTC) and Ethereum (ETH), into its balance sheet, marking the first phase of its comprehensive digital strategy [1][3] - The company aims to expand blockchain-based payment methods across its global IP portfolio, which includes esports events, gaming platforms, and immersive entertainment venues [1] - AGAE plans to develop its own Real World Assets (RWA) tokenization model, focusing on monetizing live entertainment rights, property management revenues, and film/animation IP [1] Group 2 - CEO James Li emphasized that the company views cryptocurrencies not only as a store of value but also as a strategic cornerstone for future business development [1] - The integration of blockchain technology with the gaming and entertainment industries is expected to reshape the industry value chain, with cryptocurrency investment being a crucial starting point for this strategic layout [1] - This initiative reflects the company's commitment to embracing technological innovation and leading industry transformation [1]

Group 1: Economic Theories and Currency - Austrian economist Mises criticized excessive money issuance by governments and central banks as a form of indirect theft, leading to currency devaluation and loss of purchasing power for the public [1] - The issuance of currency should be independent of government control and tied to a free market system, with supply matching economic growth and export surpluses [1] - Historical context shows that limited supply of hard currency, like silver, maintained purchasing power, contrasting with government-issued paper money that can depreciate rapidly [3] Group 2: Blockchain and Cryptocurrency - Blockchain technology emerged alongside Bitcoin, created by Satoshi Nakamoto in 2008, serving as a public distributed ledger that solves the double-spending problem without a central authority [4][6] - Bitcoin's economic model, including a halving mechanism that limits total supply to 21 million coins, positions it as "digital gold," ensuring long-term value storage [12] - Ethereum introduced smart contracts and a decentralized computing environment, expanding blockchain capabilities beyond simple value transfer [14] Group 3: Development and Evolution of Blockchain - The development of cryptographic methods and consensus mechanisms, such as Byzantine Fault Tolerance, laid the groundwork for decentralized systems [7][8] - The introduction of Proof-of-Work (PoW) by Nakamoto created a competitive environment for maintaining the blockchain, deterring malicious activities [9][10] - Recent advancements in blockchain technology focus on scalability and efficiency, with many networks transitioning to Proof-of-Stake (PoS) to address energy consumption and performance issues [15][16] Group 4: Impact on Financial Systems - The rise of cryptocurrencies is disrupting traditional monetary systems and altering economic perceptions, aligning with Austrian economic ideals of a fully liberalized competitive market [16] - Various recognized cryptocurrencies, including Bitcoin, Ethereum, and others, are reshaping the landscape of digital finance and governance [16]

每经AI快讯，10月14日，行情显示，以太坊跌至3900美元，过去24小时内跌5.97%。 ...

以太坊跌至3900美元，过去24小时内跌5.97%。 ...