The Hong Kong Monetary Authority (HKMA) warned investors it has not approved any stablecoin issuers, labeling the marketing of such products as illegal, the SCMP reports. The statement came after Hong Kong-based AnchorX announced the introduction of AxCNH, a stablecoin pegged to the offshore Chinese yuan. The company said it held a license from Kazakhstan’s Astana Financial Services Authority and that the coin would support cross-border payments and tokenized real-world assets, according to the SCMP. In ...

Group 1 - The cryptocurrency market has attracted investors seeking alternatives to traditional stocks and bonds, with Bitcoin and Ethereum being the most mainstream options [1] - Shiba Inu exemplifies a high-risk, high-reward investment opportunity within the cryptocurrency space, characterized by significant hype but lacking substantial gains [2][3] - Shiba Inu's current price, trading at less than a penny, presents a speculative opportunity for investors hoping for dramatic price increases, although such expectations may be unrealistic [3] Group 2 - Shiba Inu was created as an altcoin inspired by Dogecoin and is built on Ethereum's blockchain, integrating with decentralized finance (DeFi) applications and smart contracts [5][6] - The Shiba Inu ecosystem includes ShibaSwap, a decentralized exchange that facilitates trading, staking, and earning rewards, alongside projects related to gaming and the metaverse [6] - Despite the development of its ecosystem, Shiba Inu's value remains speculative, heavily influenced by internet culture and hype-driven narratives [7][9] Group 3 - Shiba Inu is classified as a deflationary coin, which means it has mechanisms to reduce the circulating supply over time [8][10] - The token's price may face challenges due to its large supply base, despite the efforts of its developer community to enhance its utility [9]

Key Points Ethereum's price usually doesn't do all that much in October. The proliferation of exchange-traded funds that hold the coin could contribute to that pattern. Other factors could mix things up and make it a bullish month. 10 stocks we like better than Ethereum › Market calendars and notions of seasonality have a way of habitually humbling investors, especially in crypto, who expect every other month to either be a fireworks show or a funeral. For Ethereum (CRYPTO: ETH), there are many w ...

As the crypto market prepares for the fall season, which has historically been bearish for crypto, several altcoins are showing unique catalysts that could spark exponential growth. From institutional adoption to major partnerships, these four projects: Chainlink , Avalanche , Sui Network , and Sei , are positioning themselves as top contenders to deliver monumental returns. Best Crypto to Buy This Fall Chainlink (LINK) Chainlink trades at $21.74 after a 7% weekly decline but has surged 90%, supported ...

why is bitcoin going down cover. Photo by BeInCrypto Bitcoin price has faced sharp losses in recent days, reflecting the pressure of a bearish market environment.  The crypto king dipped below key thresholds, sparking fears of a potential bear market structure ahead. While investors are closely watching for signs of reversal, the outlook remains uncertain. Bitcoin Has A Pain Threshold The Short-Term Holder (STH) Cost Basis Model highlights Bitcoin’s vulnerability at the moment. The STH cost basis curren ...

Core Insights - Ethereum typically experiences strong performance in the fourth quarter, with a median return of approximately 22% and an average return near 24% [3] - Historical price behaviors in Q4 may be influenced by new investors, particularly asset managers and treasury companies, who have different capital and investment horizons compared to previous buyers [6][7] - Despite potential shifts in dynamics, there are indications that Q4 could still align with Ethereum's historical performance trends [10] Performance Trends - Q4 is traditionally the best-performing quarter for Ethereum, indicating a tendency for late-year momentum to favor holders [3] - The wide dispersion of results suggests that while the median return is lower than the average, there are significant upside outliers that can impact overall performance [3][4] Market Dynamics - The approval of spot Ether exchange-traded funds (ETFs) by the SEC in May 2024 is expected to enhance Ethereum's integration with the traditional financial system, allowing mainstream brokerage accounts to invest more easily [6] - The emergence of crypto treasury companies focused on accumulating Ethereum is introducing a new class of investors, which may alter the historical price behaviors observed in Q4 [6][7]

The recently launched Tether-backed, purpose-built layer-one (L1) blockchain for stablecoins, Plasma, announced Plasma One on September 22—a super-app that is a stablecoin-native neobank and card. Both the Plasma network and the super-app will have their operations centered around USDT initially. According to the official announcement, users will be able to “pay directly from stablecoin balance while earning 10%+ yields.” Other announced benefits include 4% cash back while using Plasma One cards, coverage ...

Group 1 - The price of Dogecoin has decreased by 8.6% as of 10:31 a.m. ET today, with no clear reason for the decline, but the broader crypto market is experiencing struggles due to significant liquidations [1] - Over $1 billion in long positions on Bitcoin were liquidated recently, indicating a trend of large Sunday-night sales in the cryptocurrency market [2] - The low liquidity during Sunday night sessions has led to forced liquidations, which are common in the crypto market, and the dip is often bought into at the US market open [3][4] Group 2 - The Federal Reserve's recent interest rate cut may have prompted investors to reassess their positions, as the market anticipates fewer rate cuts next year than previously expected [3] - The trend of forced liquidations and volatility in the crypto market is not unusual, and the Sunday-night sell-off has been noted as a recurring event [4][5] - Analysts from The Motley Fool have identified ten stocks they believe are better investment opportunities than Dogecoin, suggesting a lack of confidence in Dogecoin's potential [6]

Core Insights - The article highlights the growing importance and innovation of private key wallets in the evolving landscape of digital currencies and blockchain technology [1][9] - It emphasizes the shift of wallet functionalities from simple storage to complex financial derivatives trading, as seen with MetaMask's new features [1][9] - The article discusses the implications of Federal Reserve's interest rate cuts on market volatility and user asset strategies, creating a more predictable environment for private key wallet users [1][9] Industry Developments - MetaMask has introduced perpetual contract trading within its wallet through Hyperliquid, indicating an expansion of wallet capabilities [1] - Bitget Wallet's integration with Brazil's Pix system showcases the potential of private key wallets in facilitating both physical and cross-border transactions [1] - The DVOL index's decline suggests a stabilization in market expectations, benefiting private key wallet users [1][9] Private Key Wallet Features - XBIT Wallet supports multi-chain asset storage, trading, staking, and dApp browsing, allowing users to access DeFi protocols without switching platforms [4] - The wallet employs a hierarchical deterministic (HD) architecture for private key management, simplifying backup processes [4] - XBIT Wallet includes real-time market data to help users adjust strategies based on Federal Reserve policies [4] Security Practices - The article stresses the importance of private key security, highlighting the use of mnemonic phrases for backup and the necessity of offline storage [5][6] - Best practices for backing up mnemonic phrases include using metal mnemonic boards to prevent damage and avoiding digital storage to reduce hacking risks [5][6] - Users are advised to enable two-factor authentication and biometric locks for enhanced device-level protection [8] User Guidance - New users are encouraged to learn how to securely use private key wallets, with XBIT Wallet providing a guided setup process for mnemonic phrase backup [8] - It is recommended to conduct small test transactions before handling larger amounts, especially during periods of Federal Reserve policy changes [8][9] - The article notes that private key wallets like XBIT Wallet allow users to "HODL" assets securely, minimizing impulsive decisions due to market noise [9] Conclusion - Private key wallets symbolize autonomous finance in the digital age, with the need for users to prioritize security education and practices [11] - XBIT Wallet combines advanced encryption with user-friendly design, providing a reliable entry point into the Web3 economy [11] - Embracing private key wallets is seen as a step towards a more autonomous and secure financial future amid softening Federal Reserve policies [11]

Key Points The Federal Reserve's recent interest rate cut hasn't supported gains for Dogecoin. Dogecoin's valuation has also retreated following the launch of an ETF built around the token. Dogecoin's token price is retreating in connection with "buy the rumor, sell the news" trading. 10 stocks we like better than Dogecoin › Dogecoin (CRYPTO: DOGE) is moving lower in Friday's trading in response to bearish momentum for the broader crypto market and a "buy the rumor, sell the news" dynamic. The cry ...