After 13 years of running South Korea’s largest cryptocurrency exchange, Song Chi-hyung and Kim Hyoung-nyon have cemented their spots among the world’s wealthiest https://t.co/03IyyvbHjl ...

Market Overview - U.S. stocks experienced a decline after last week's rally, with the S&P 500 falling 0.5%, the Dow Jones Industrial Average dropping 427 points (0.9%), and the Nasdaq composite decreasing by 0.4% [1] - The recent rally was driven by optimism regarding a potential interest rate cut by the Federal Reserve, with traders estimating an 85% chance of a cut at the next meeting [2] Bond Market - Yields for longer-term Treasurys rose, influenced by a global increase in yields following comments from the Bank of Japan about a possible interest rate hike [3] - Higher bond yields can divert investment away from stocks and cryptocurrencies, negatively impacting prices of expensive investments [3] Cryptocurrency Market - Bitcoin's price fell to approximately $85,500, a decline of about 6% from the previous day, which negatively affected stocks in the crypto sector [4] - Companies like Coinbase Global and Robinhood Markets saw declines of 4.8% and 4.1%, respectively, due to the drop in Bitcoin's value [4] Company-Specific News - Strategy, formerly known as MicroStrategy, reported a 3.3% loss after selling stock and raising $1.44 billion in U.S. dollars to cover dividends and debt interest [5] - Synopsys shares rose by 4.9% following Nvidia's announcement of a $2 billion investment in the company as part of an expanded partnership [6] Retail Sector - The market had mixed reactions to the holiday shopping season, with consumer spending during Black Friday and Cyber Monday expected to exceed expectations [7] - Williams-Sonoma's stock increased by 1.3%, while Best Buy's stock fell by 2.6% [7] International Markets - In international markets, indexes showed mixed results, with France's CAC 40 declining by 0.3%, partly due to a 5.8% loss for Airbus following a software glitch affecting its A320 passenger jets [8]

hashkey一个没有用户的交易所？一个没有交易量的交易所？币圈唯一一个一直在亏损的交易所很好奇它怎么扭亏为盈？但是带头援助香港的行为值得为它点赞 https://t.co/f13aRG1qp8 ...

HashKey, Hong Kong’s largest regulated cryptocurrency exchange, is set to go public in Hong Kong. In 2024, the exchange recorded a trading volume of approximately $81.9 billion, revenue of around $92.6 million, and a loss of about $99.3 million. It holds roughly $212 million in cash and cash equivalents, along with $76 million in digital assets. https://t.co/uCoUaSijD4 ...

Market Expansion - OKX expands into the USA market [1] - Recurring Buy and other essential trading tools are now available in the USA [1]

Market Performance - U.S. stocks opened with gains on the final trading day of November, with the S&P 500 rising 0.2%, the Dow Jones Industrial Average increasing by 138 points, and the Nasdaq gaining 0.3% [1] - Most tech stocks posted gains, including Meta Platforms rising 1.4% and Micron Technology adding 2.8%, while Nvidia fell 1% and Oracle dropped 2.3% [2] Cryptocurrency - Coinbase Global added 3.6% as bitcoin rose above $92,000 after previously dropping to around $81,000 last week, although it remains below its all-time high of approximately $125,000 set in early October [1] Federal Reserve Outlook - There is growing confidence among traders that the Federal Reserve will cut interest rates at its meeting ending on December 10, with a nearly 87% probability of a cut according to CME Group data [5] - Recent comments from Federal Reserve officials have bolstered this confidence, despite the central bank facing challenges with rising inflation and a slowing job market [6] Economic Data - The latest corporate earnings reports were mostly positive, but economic data has been mixed, indicating a complex economic environment [6] - In Asia, Japan's housing starts rose 3.2% in October year-over-year, defying expectations of a decline, while South Korea's industrial production fell 4% month-on-month in October [8]

KuCoin’s European subsidiary has secured a MiCA license in Austria, allowing it to offer regulated crypto-asset services across the entire EEA. Under MiCA’s passporting rules, firms licensed in one EU member state can operate in all 29 countries. The approval follows KuCoin’s recent registration with AUSTRAC in Australia. https://t.co/8TO3cHnUDz ...

🚨JUST IN: @KUCOINCOM EU RECEIVES AUSTRIAN FMA APPROVAL AND ACHIEVES MICA COMPLIANCE FOR REGULATED CRYPTO ACCESS IN EUROPE ...

🚨 UPDATE: Upbit parent Dunamu’s CEO Oh Kyung-seok has issued a public apology over the 44.5B KRW Upbit hack.He announced full reimbursement for affected users. https://t.co/23gZjXsmpM ...

Core Viewpoint - LBank Exchange has listed the MNEE USD Stablecoin, which is designed for various digital payment applications and is fully backed by reserves [1][3]. Group 1: MNEE USD Stablecoin Overview - MNEE is a regulated institutional-grade USD stablecoin intended for digital payments, remittances, gaming, microtransactions, and enterprise settlement [3][4]. - Each MNEE is backed 1:1 by reserves, including US Treasury bills and cash or cash equivalents, ensuring it maintains the value of the corresponding fiat currency [3][6]. Group 2: Issuance and Regulation - MNEE is issued by MNEE Limited, a licensed digital asset business in Antigua and Barbuda, regulated under a Class A license [4]. - The project adheres to strict AML and KYC requirements, with customer verification conducted through independent third-party providers [4]. Group 3: Token Characteristics - Token Name: MNEE; Token Type: Fiat backed stablecoin; Total Supply: Elastic, minted and redeemed on demand [5]. - MNEE tokens are available on multiple blockchains, including 1Sat Ordinals and Ethereum ERC20, with plans for multi-chain expansion [6]. Group 4: Utility and Applications - MNEE serves as a digital representation of fiat for instant payments, e-commerce, enterprise settlement, and cross-border transfers [7]. - It supports microtransactions for low-value, high-frequency use cases such as in-app payments and content monetization [9]. - MNEE enables fast and low-cost cross-border remittances using a stable USD-pegged asset backed by audited reserves [10]. - The token can be integrated into applications for programmable workflows, subscriptions, and automated settlements [11]. - MNEE provides a stable unit of account for AI agents and automated systems to transact with one another [12]. Group 5: LBank Exchange Overview - Founded in 2015, LBank is a leading global cryptocurrency exchange with over 20 million registered users and a daily trading volume exceeding $10.5 billion [13]. - LBank has a history of zero security incidents and offers innovative trading solutions, achieving average returns of over 130% on newly listed assets [13][14]. - The exchange is recognized for its rapid altcoin listings, unmatched liquidity, and industry-first trading guarantees, making it a preferred platform for crypto investors [14].