Daily Report | Huang Tianyou appointed as Chairman of the Hong Kong Securities and Futures Commission; Monochrome launches Australia's first Ethereum spot ETF; A man with a gun arrested near Trump rally
October 14 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- Huang Tianyou appointed as Chairman of the Hong Kong Securities and Futures Commission for a three-year term
- Hong Kong Monetary Authority: Virtual banks will be renamed "Digital Banks"
- German listed company Samara Asset Group to issue €30 million bonds to purchase Bitcoin and fund shares
- Vitalik sells MOODENG for 8 consecutive days, causing its price to drop 72% from the peak
- Monochrome to launch Australia's first Ethereum spot ETF on Cboe
- A man with a gun arrested near Trump campaign rally site
- TD Bank becomes the first U.S. bank to admit to conspiracy to launder money, fined $3 billion
"What important events happened in the past 24 hours"
Huang Tianyou appointed as Chairman of the Hong Kong Securities and Futures Commission for a three-year term
According to Caixin, the Hong Kong SAR government announced that the Chief Executive of the Hong Kong SAR has appointed Dr. Huang Tianyou as the Chairman of the Securities and Futures Commission (SFC) for a three-year term, from October 20, 2024, to October 19, 2027, under the Securities and Futures Ordinance (Cap. 571).
Hong Kong Monetary Authority: Virtual banks will be renamed "Digital Banks"
The Hong Kong Monetary Authority released a summary of the consultation on the renaming of virtual banks, stating that virtual banks will be renamed "Digital Banks," and guidelines will be revised to implement the new name as soon as possible.
During the consultation period, a total of 26 submissions were received, including from industry or professional organizations, virtual banks, and citizens. Respondents generally supported the renaming proposal, with most agreeing to use the suggested new name "Digital Banks." The Monetary Authority will revise the guidelines for the "Recognition of Virtual Banks" to implement the new name as soon as possible.
Data: 6 Hong Kong virtual asset ETFs had a trading volume of approximately HKD 27.32 million today
Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately HKD 27.32 million.
Among them:
The trading volume of Huaxia Bitcoin ETF (3042.HK) was HKD 17.63 million;
The trading volume of Huaxia Ethereum ETF (3046.HK) was HKD 1.95 million;
The trading volume of Harvest Bitcoin ETF (3439.HK) was HKD 1.93 million;
The trading volume of Harvest Ethereum ETF (3179.HK) was HKD 385,000;
The trading volume of Bosera HashKey Bitcoin ETF (3008.HK) was HKD 4.79 million;
The trading volume of Bosera HashKey Ethereum ETF (3009.HK) was HKD 644,000.
CoinShares: Last week, net inflows into digital asset investment products reached $407 million
According to a report from CoinShares, the inflow of funds into digital asset investment products last week was $407 million.
The report states that investors' decisions may be more influenced by the upcoming U.S. elections rather than the outlook for monetary policy. Stronger-than-expected economic data had little impact on preventing capital outflows, while the recent U.S. vice presidential debate and subsequent polls shifting towards the Republican Party, which is perceived to be more supportive of digital assets, led to inflows and an immediate rise in prices.
As expected, possibly due to the political nature of the recent inflows, the U.S. saw inflows of $406 million, while another country with significant inflows was Canada, with an inflow of $4.8 million. The total inflow for Bitcoin reached $419 million, making it the main beneficiary of recent political changes.
In contrast, short-term Bitcoin investment products saw outflows of $6.3 million.
German listed company Samara Asset Group to issue €30 million bonds to purchase Bitcoin and fund shares
According to Bitcoin Magazine, the German listed company Samara Asset Group will issue €30 million in bonds to purchase Bitcoin and fund shares.
The bond issuance will be managed by Pareto Securities, and the bonds will be listed on the Oslo and Frankfurt stock exchanges, with a minimum subscription amount of €100,000.
The company plans to use the bond proceeds to purchase shares in alternative investment funds and increase its Bitcoin holdings. Samara's CEO Patrik Lowry stated that this will further strengthen the company's balance sheet and diversify investments in emerging technology sectors. Bitcoin is currently the main treasury reserve asset of Samara.
Data: Vitalik's address transferred 200,000 MSTR and over 50 million EBULL to Kyber Network yesterday
According to monitoring data from Arkham, Ethereum co-founder Vitalik Buterin's marked address transferred 49.875 million EBULL and 199,500 MSTR to the Kyber Network address yesterday, and also transferred 1.25 million EBULL and 500 MSTR to an unmarked address starting with 0x3904.
Vitalik sells MOODENG for 8 consecutive days, causing its price to drop 72% from the peak
On-chain analyst AI Yi posted on social media that the recent biggest beneficiary of Vitalik's airdrop, MOODENG, is facing a "backlash."
On October 7, Vitalik tweeted to thank for the donation of Memecoin, specifically mentioning MOODENG on the Ethereum network, and after the tweet was published, its price surged by 101%. However, with Vitalik's continuous selling over the past 8 days, the price of MOODENG has dropped 72% from its peak ($0.0002714 to $0.00007614).
Monochrome to launch Australia's first Ethereum spot ETF on Cboe
According to Decrypt, Monochrome Asset Management is preparing to launch Australia's first Ethereum spot ETF on Cboe.
The Monochrome Ethereum ETF (IETH) will begin trading on Monday, having launched a Bitcoin ETF (IBTC) in August 2023, which reached a size of $10.1 million.
The fund positions itself as the world's first fund to offer physical Ethereum subscriptions and redemptions. The company's CEO Jeff Yew stated in an interview that this feature can improve tax efficiency, and the dual access structure of the bare trust is designed to prevent capital gains tax events, allowing long-term participants in the crypto industry to transfer Ethereum into the corresponding Monochrome ETF without triggering legal and beneficial ownership changes, granting investors absolute rights to their allocated Ethereum.
TD Bank becomes the first U.S. bank to admit to conspiracy to launder money, fined $3 billion
Last week, U.S. Attorney General Merrick B. Garland announced in Washington that TD Bank, one of the largest financial institutions in the U.S., pleaded guilty to multiple felony charges, including conspiracy to violate the Bank Secrecy Act and money laundering.
Garland confirmed in a statement that TD Bank agreed to pay an $1.8 billion criminal fine, plus civil enforcement actions, bringing the total fines against the bank to approximately $3 billion. He noted that this resolution includes "the largest fine ever under the Bank Secrecy Act and marks the first time the Department of Justice has assessed daily fines against a bank."
The bank is the largest in U.S. history to admit to violating the Bank Secrecy Act and the first to admit to conspiracy to launder money. The Department of Justice emphasized the bank's compliance failures, which created an environment for rampant financial crime.
Trump: Musk wants a position responsible for cost-cutting, a new position called "Chief Cost-Cutting Officer" will be established
According to Fox News, former U.S. President Trump stated that Musk wants a position responsible for cost-cutting, and a new position called "Chief Cost-Cutting Officer" will be established.
A man with a gun arrested near Trump campaign rally site
The Riverside County Sheriff in California stated that on the 12th local time, a man was arrested near the campaign rally site of former U.S. President Trump in California's Coachella Valley, carrying a weapon and a fake pass. Local police said the man may have planned to assassinate Trump.
Local police reported that the man, named Wim Miller, presented a forged pass at a security checkpoint around 5 PM Pacific Time on the 12th and was found to be illegally in possession of a shotgun, a loaded handgun, and a high-capacity magazine.
"What interesting articles are worth reading in the past 24 hours"
SUI token price hits all-time high, Meme coins surge, how to participate in the rising Sui ecosystem?
On October 13, the closing price of the SUI token broke $2.20, setting a new all-time high, with its market cap entering the top 20, and the upward trend continues, with the price surpassing $2.30 on October 14, an increase of over 30% in the past two days. Recent monitoring data from traders shows that the performance of the SUI token has surpassed that of TON, making it the best-performing public chain token since the beginning of 2024.
At the same time, several ecological Meme projects such as HIPPO, BLUB, and FUD have also surged, with increases exceeding 10 times. Additionally, two major DeFi applications within the ecosystem: the lending protocol NAVI Protocol and the order book exchange DeepBook, will officially start token trading on October 14.
The strong performance of the SUI token and ecosystem projects has attracted significant attention in the crypto market, with large amounts of capital flowing into the Sui ecosystem in search of wealth opportunities. According to Cointelegraph, nearly 27% of the funds that flowed out of Solana in September have shifted to Sui.
According to DeFiLlama data, the trading volume of funds on the Sui chain in the past 7 days has exceeded $1.32 billion, ranking sixth in the entire public chain market, with Arbitrum in fifth place.
How to seize new wealth opportunities in the rise of the Sui chain ecosystem has become a hot topic in the crypto community.
GOAT skyrockets a thousand times in a week, a16z transfers $50,000 in AI, and the token is worth $100 million upon launch
Meme speculation has entered the era of "human-machine resonance."
Today's Meme speculation column introduces an AI Bot that has been online since June this year—Truth Terminal (@truth_terminal), which operates in a semi-autonomous mode, allowing human administrators to approve its Twitter posts and decide who to interact with. What made it famous was a $50,000 Bitcoin transfer from a16z founder Marc Andreessen.
The founder of Truth Terminal, Andy Ayrey, stated that Truth Terminal is not a crypto project but a "study of the tail risks generated by the uncontrolled infinite creativity of Meme contagion and [large language models]." As the statements from Truth Terminal increasingly exhibit Meme propagation effects, many related speculative targets have gradually emerged in the market.
The dilemma of Meme "Jesus": Murad effect, fanatic groups, and the trend of faith coins
Murad is a prominent figure, as his influence on the market is filled with contradictions. He believes that once holders of Meme coins form fanatic groups, they will push for a revaluation of the coins, as holders are unwilling to sell. In other words, Meme coins can transition from a "playful" nature like Doge to a "serious" nature, entering a larger Total Addressable Market (TAM). However, the Meme coins he advocates, such as GigaChad and SPX6900, do not possess true seriousness and are more akin to Doge.
The contradiction lies in the fact that the real reason for the revaluation of these coins is that Murad himself holds them. When he makes statements on Twitter, the coin prices rise, which actually proves that his argument is incorrect. The price fluctuations are not due to the growth of "fanatic groups," but rather because Murad himself holds these coins.
