ChainCatcher news, according to Jinshi reports, the Bank of Korea vowed to stabilize the financial market in its first statement after the impeachment of Yoon Suk-yeol, emphasizing the importance of "continuously implementing" key fiscal and economic measures.The Bank of Korea stated, "The Bank of Korea intends to work with the government to utilize all available policy tools to respond to and avoid escalation of volatility in the financial and foreign exchange markets." The Bank of Korea compared the current situation with the impeachment phases of previous presidents, believing that "external challenges such as increased uncertainty in the trade environment and intensified global competition are greater. If these external factors overlap with domestic factors, their impact may be amplified." The Bank of Korea called for intervention measures to improve the economy.

ChainCatcher news, according to Jinshi reports, the CEO of Bank of New York Mellon stated that tokenization is a major trend in the financial markets, and any new developments in crypto assets need to be tested in practice.

ChainCatcher news, according to Ledger Insights, the Association for Financial Markets in Europe (AFME) outlined its vision and policy recommendations for DLT and tokenization in Europe. This is a response to the EU Capital Markets Council FISMA's call for feedback. The document presents several recommendations addressing key issues that hinder the development of tokenization in the EU.One key recommendation relates to CSDR, which is the regulation governing Central Securities Depositories (CSDs). Today, key functions performed by CSDs include issuing securities, acting as record keepers, and providing settlement infrastructure. DLT can provide record-keeping functions. Smart contracts can execute functions such as paying interest or dividends.Additionally, AFME believes that the requirement to register as a CSD is overly burdensome. Many banks are interested in providing DLT SS but do not want to become a CSD. The DLT pilot regime has a very low cap on activities, which is not attractive for large entities. Therefore, AFME recommends raising the cap and also hopes that securities issued under this regime will qualify as central bank collateral.

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on social media, "Since the invention of the internet, social media's influence on financial markets has increasingly taken on a religious tone. Elon Musk's Tesla, Satoshi Nakamoto's Bitcoin, and various crypto communities are typical examples.The role of the 'prophet' in religion plays a crucial role in driving asset prices up. Prophets endlessly expand their thoughts about the future, often perceived to have reached a state of enlightenment, and this perceived enlightenment generates blind faith. This faith leads to the formation of religious communities that share the same beliefs. The stronger the followers' faith within the community, the more legitimate the asset is considered, even if it does not generate profits or create social value. This is a stunning phenomenon.Investors must now pay attention to the impact of social media on investment decisions. When evaluating a publicly traded company or token project, it is essential to consider whether there is an influential 'prophet' on social media and how strong their followers' faith is.Companies are rushing to enter social media, trying to form religious communities filled with blind faith. However, not everyone can become a prophet. Most fail to attract followers. Especially in the crypto space, if internal efforts to expand influence fail, they may externally hire Key Opinion Leaders (KOLs) to create false faith. Only a very few projects have succeeded in this regard.The influence of social media on financial markets will continue to grow. As communities are made up of people, this religious tone will deepen. I believe that understanding how religion operates will help in understanding the future of financial markets."

ChainCatcher news, Australia and New Zealand Banking Group (ANZ) announced that it has joined "Project Guardian," led by the Monetary Authority of Singapore, to explore broader channels for acquiring tokenized real-world assets in the financial markets.ANZ stated in a release that it is collaborating with Chainlink Labs and ADDX to experiment with interoperability between private blockchains for the exchange of tokenized real-world assets such as commercial paper.Project Guardian, launched in 2022, is a public-private tokenization collaboration aimed at testing the tokenization of real-world assets. Participating entities include the UK's Financial Conduct Authority (FCA), Switzerland's Financial Market Supervisory Authority (FINMA), Japan's Financial Services Agency (FSA), as well as financial institutions like Deutsche Bank, Citigroup, and Apollo. The project is exploring tokenization in the fixed income, wealth management, and foreign exchange sectors.

ChainCatcher news, data released on Thursday showed that the U.S. economy once again highlighted unexpected resilience, alleviating market concerns about the economy. At the same time, boosted by China's unexpected policy measures, global financial markets surged.According to 4E observations, the three major U.S. stock indices rose, with the S&P 500 index closing up 0.40%, reaching a new historical high; the Dow Jones rose 0.62%, and the tech-heavy Nasdaq rose 0.60%. Chinese concept stocks soared, with the Nasdaq Golden Dragon China Index rising 10.9%. Non-U.S. currencies generally rose, while the yen resumed its downward trend; cryptocurrencies surged across the board, with Bitcoin up 2.56%, breaking through $65,000, and Ethereum rising 0.96%.Gold, silver, and copper all soared, as major central banks such as those in the U.S. and China cut interest rates, coupled with ongoing tensions in the Middle East. Spot gold's intraday gains expanded to 1%, once again setting a new historical high, up nearly 30% this year; under China's stimulus policies, silver, a key industrial material, rose over 2.5%, reaching a 12-year high, and has increased 37% year-to-date.With global central banks cutting interest rates in succession and China's "policy package" igniting global optimism, combined with resilient U.S. economic data, investor risk appetite has risen. 4E is a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. This Friday evening, the U.S. core PCE price index will be released, providing further key clues for the Federal Reserve's interest rate cuts. 4E reminds you to pay attention to market volatility risks and to allocate assets appropriately.

ChainCatcher news, CNBC Finance Channel posted on X platform that Anthony Pompliano, founder and CEO of Professional Capital Management, stated that after the Federal Reserve cut interest rates, BTC is the best-performing asset, followed by gold and oil futures.He said, "Whenever money flows into the system, Bitcoin ultimately becomes the big winner."

ChainCatcher news, Federated Hermes Senior Portfolio Manager for Global Equities Lewis Grant stated that as the U.S. election approaches, financial markets may continue to be volatile due to the uncertainty surrounding the election results. He mentioned that the first presidential debate between Democratic candidate Harris and Republican candidate Trump provided little substantive policy clarification, "the uncertainty surrounding which candidate's economic agenda will take effect— and even what those agendas are— will affect market sentiment."Federated Hermes expects that market volatility will further intensify ahead of the Federal Reserve's meeting next week and the U.S. election. "In the short term, the market will react quickly to changes in the U.S. election and macro outlook." (Jin Shi)

ChainCatcher news, according to CoinDesk, FxPro senior market analyst Alex Kuptsikevish stated that despite the weakness of the dollar, the financial markets remain in a state of anxiety and anticipation, which is less beneficial for Bitcoin than for gold. The key technical support level for BTC remains slightly above $54,000, but if there is a surge in volatility, the price may briefly drop below $53,000.

ChainCatcher news, John Lee accepted an exclusive interview with Ta Kung Pao and stated that the country has requirements for Hong Kong, reflecting the central government's recognition of the advantages of the special administrative region in finance, shipping, and trade. Hong Kong must make good use of these advantages, promote them, and strengthen them. John Lee stated that the Hong Kong government is promoting the healthy development of the financial market in various ways. Taking the stock market as an example, the government established a dedicated task force to promote stock market liquidity last August, and most of the 12 short-term measures mentioned to improve market competitiveness have been implemented so far. The government is also actively seeking new economic growth points, and currently, virtual asset trading has been launched in Hong Kong. It is hoped that after tokenization trading and asset management, more applications in trade can be promoted.

ChainCatcher news, BitMEX co-founder Arthur Hayes posted on X that the first wave of shocks in the financial markets has passed, and now we are waiting for the issues of over-leveraged investors in the traditional financial sector to emerge.He anticipates that the second wave of shocks is about to begin and hinted that if a market rescue is to occur, the market may need to undergo more adjustments before this Friday. The current respite is only temporary, and market volatility will continue.

ChainCatcher news, Premier Miton Group's Chief Investment Officer in London, Neil Birrell, stated that the UK has finally cut interest rates. The Bank of England has shifted from worrying about inflation to worrying about economic growth, although they will certainly be cautious about further rate cuts and cannot allow the bond market to develop overly high expectations too soon. However, this is an important move, and so far, only the United States has not joined the global rate cut trend. We may see financial markets further reflect the shift in the cycle overall, but there may be more within asset classes.

ChainCatcher news, 10x Research stated in its report that although the Federal Reserve's statement maintained flexibility and did not explicitly indicate a rate cut in September, Chairman Powell's comments during the subsequent Q&A session hinted at the possibility of a rate cut, depending on the expected decline in inflation.Previously, Powell indicated that the Federal Reserve would only begin to cut rates when multiple rate cuts were sufficiently clear. If the Federal Reserve continues to cut rates in September, there may be several more cuts, providing substantial stimulus to the financial markets, assuming the economy remains stable.According to its model, the inflation report set to be released on August 14 is expected to show the inflation rate dropping below 3.0%. From August to October, the market is entering a period with favorable year-on-year inflation comparisons.Additionally, gold prices have reached an all-time high, which could be a positive signal for Bitcoin.

ChainCatcher news, according to CoinDesk, the Bank for International Settlements (BIS) stated in its annual report released on Sunday: "Although current pricing in financial markets suggests that the likelihood of public finance pressure is low, confidence could quickly collapse if economic momentum weakens and there is an urgent need for public spending in both structural and cyclical terms. The government bond market will be the first to be impacted, but the pressure may spread more widely, as it has in the past."The BIS did not specifically point out any countries but warned that fiscal deficits in developed economies should not exceed 1% of Gross Domestic Product (GDP) this year, down from 1.6% in 2023.

ChainCatcher news, KPMG stated in a report that many forms of digital currencies, such as Central Bank Digital Currencies (CBDCs), tokenized deposits, and stablecoins, are expected to coexist in the financial markets over the next decade. These digital currencies are not a single dominant choice; although their usage may overlap, the report predicts that users will lean towards the most efficient and automated solutions.

ChainCatcher message, the French Financial Markets Authority (AMF) reminds the public to remain highly vigilant regarding investment advice from BYBIT. BYBIT is not authorized to provide digital asset services in France, and the AMF may take legal action to block the website. The AMF points out that BYBIT has been blacklisted since May 20, 2022, for failing to comply with current French regulations.It is reported that BYBIT operates elsewhere, having obtained a minimum viable product (MVP) preparatory license issued by the Dubai Virtual Assets Regulatory Authority (VARA).