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BTC $77,618.87 -0.19%
ETH $2,322.23 +0.44%
BNB $637.75 +0.28%
XRP $1.44 +0.64%
SOL $86.33 +1.18%
TRX $0.3245 -1.41%
DOGE $0.0983 +2.27%
ADA $0.2513 +2.01%
BCH $457.01 -0.06%
LINK $9.40 +1.46%
HYPE $41.17 +0.66%
AAVE $95.11 +2.85%
SUI $0.9493 +1.67%
XLM $0.1734 -1.22%
ZEC $359.32 +7.18%

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On the first day of the Victoria Harbour special exhibition, the number of visitors exceeded ten thousand, and the on-site viewing enthusiasm surged

Gate's outdoor crossover exhibition "Racing the Future" officially opened at the K11 MUSEA waterfront promenade in Victoria Harbour, Hong Kong. On the opening day, the event attracted a large number of citizens and tourists, with attendance exceeding ten thousand, and the waterfront area remained crowded, creating a lively atmosphere.As the official sponsor of the F1 Red Bull Racing team, Gate showcased the team's brand new 2026 racing car and related equipment at this exhibition, and set up an interactive experience area to attract visitors to closely experience the combination of racing engineering and speed culture. Many visitors stopped to take photos and engage with the interactive content. The racing suits, equipment, and gloves of champion driver Max Verstappen and driver Isack Hadjar were also on display, along with a giant driver helmet installation of Max Verstappen, drawing many fans to the event.In addition, Gate will hold the "Gate 13 Blue Carpet Ceremony" on April 20, where the unveiling of the F1 Red Bull Racing team's display car and brand collaboration will take place; that evening, Gate will also host a high-end anniversary dinner at the Rosewood Hong Kong, with platform founder and CEO Dr. Han in attendance, and over 300 representatives from top industry institutions and partners expected to participate in the exchange.

Chen Weimin: The schedule for the issuance of the second batch of licenses has not yet been determined, and the total number of future licenses will be very limited

According to Tencent News' "Periscope," the Vice President of the Hong Kong Monetary Authority, Chen Weimin, stated that the timeline for issuing the second batch of licenses has not yet been determined, as it needs to be "based on the operational situation of the first two companies," and the total number of licenses in the future will be very limited.In addition, sources revealed that Chinese institutions that participated in the application submission have received "window guidance" from relevant departments, requesting them to postpone their participation in the stablecoin license application. However, some Chinese institutions have continued to communicate with the Hong Kong Monetary Authority over the past few months. After excluding Chinese institutions, the vast majority of the proposed applicants have limited capabilities, and there are not many qualified institutions that can fully meet the requirements of the "Stablecoin Regulation."Lee Kuan-hong, the head of HSBC Payme, told reporters that any Payme user can open a stablecoin account. In the stablecoin account, users can directly transfer money to friends and family, transfer to merchants, or invest in products linked to stablecoins. Users in the HSBC app cannot directly open an account; they must wait for HSBC to screen eligible users before applying for a stablecoin account.Payme account opening has required users to be local residents of Hong Kong, while users of the HSBC app also include mainland users. Under the existing management framework in Hong Kong, only local residents can participate in virtual asset trading, and mainland customers, even if they are mobile payment users of HSBC Hong Kong, cannot apply for a stablecoin account.

Analysis: The average cost of BTC loss-making positions is $93,600, and a large number of high-position trapped positions have been cut and exited

On-chain analyst Murphy stated that the average cost of all loss-making Bitcoin chips has currently fallen below $100,000, now at only $93,600. This means that under the current chip structure, BTC will reach the market average breakeven point when it rises back to $93,000. During the two rapid declines at the end of last year and the beginning of this year, a large number of high-position trapped chips chose to cut losses and exit, lowering the average cost of overall floating loss chips.It is also observed that the average cost of loss-making chips has a deviation coefficient of 1.4 compared to the current 30-day average price of BTC, while in the past three bear market bottoms, the deviation coefficient has exceeded 2 at least. When the average deviation coefficient is greater than or equal to 2, it indicates that the market has entered an absolute bottom range, at which point the price of BTC is less than 50% of the average cost of loss-making chips. To meet this condition, the lowest point of BTC in this round would need to drop to $46,800, but historical patterns may not always hold true. This bear market may be less painful than any previous bear market. According to PolyBeats monitoring, in the market related to whether Bitcoin will reach $60,000 or $80,000 first on Polymarket, the probability of reaching $60,000 first is 68%, while the probability of reaching $80,000 first is 32%.
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