Hong Kong Financial Secretary Paul Chan: South Korean financial industry and regulatory agencies are very concerned about the issue of Hong Kong stablecoins

OKX-BTC/USDT is currently trading at $118542, with a 5-minute increase of 0.28%. Please be aware of market fluctuations.

The current price of ETH is $2985.49, with a 1.84% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 13.27 million US dollars, with the main liquidation being short orders and ETH liquidation being 4.71 million US dollars (35.54%). The data is for reference only.

On July 13th, it was reported that William Kabogo, the Minister of Information and Communication Technology of Kenya, announced the official launch of the national digital token KenyaNDT (KDT). The token is deployed on the Solana blockchain, becoming the first national level digital asset in sub Saharan Africa. Kabogo stated that Kenya is developing a national virtual asset policy and a draft virtual asset service provider (VASP) bill to establish a more standardized regulatory framework for digital assets. He also disclosed that the monthly digital asset transaction volume of Kenyan citizens has exceeded 500 million US dollars, reflecting the high level of public participation in this field.

Data from the past 12 hours shows that the main force sold large orders with a turnover of $113 million, far exceeding the $71.14 million for buying large orders. The main force had a net outflow of $41.58 million, with a buy to sell ratio of 1: 1.58, indicating a clear willingness to short among the main force. Especially at 17:50, a huge sell order of $17.67 million appeared in the Binance contract, further exacerbating downward pressure. On a technical level, the 1-hour cycle K-line forms a top split and KDJ dead cross, double verifying bearish signals. Meanwhile, the continuous decline in trading volume and sluggish market activity have further strengthened the expectation of a pullback. Open membership, track main trends in real-time, and capture key operational signals! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

Odaily Planet Daily reported that Ziglu, a British cryptocurrency fintech company that went bankrupt earlier this year, has a funding gap of £ 2 million ($2.7 million), and thousands of depositors are facing the grim prospect of losing their investments. It is reported that due to increasing concerns about the company's financial management, the company was placed under special management last week and had suspended withdrawal services in May. Ziglu has attracted around 20000 customers with its promise of high interest returns, especially its "Boost" product, which has a yield of up to 6%. Boost was launched during the low interest rate period in 2021 and was widely popular due to its high return rate. However, the product lacks protection or isolation measures, allowing the company to use customer funds for daily operations and loan activities. After the intervention of the Financial Conduct Authority (FCA) in May, withdrawal operations were frozen and depositors' funds were frozen for several weeks. （Cointelegraph）