BNB breaks through the $600 mark
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Binance BNB/USDT is currently trading at $600.60, with a 24-hour increase of 2.22%. Please pay attention to market fluctuations.
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Binance BNB/USDT is currently trading at $600.60, with a 24-hour increase of 2.22%. Please pay attention to market fluctuations.
[South Korean Investors Bet on Leveraged VIX to Hedge U.S. Stock Market Risks] Jin10 News, October 19 – South Korean investors are actively investing in leveraged VIX futures ETFs to hedge against the risks of high valuations in the U.S. stock market. Since the beginning of this year, the 2x long VIX futures ETF has attracted approximately $130 million in inflows, making it one of the most popular U.S. stock ETFs among South Korean investors. Data shows that the fund ranked seventh in purchase volume in July, accounting for about one-fifth of global inflows. As U.S. stock valuations approach historical highs and market sell-off concerns intensify, South Korean retail investors are adjusting their investment strategies.
1. The probability of the Federal Reserve cutting interest rates by 25 basis points this month is 99% 2. The Chairman of the US SEC stated that the US cryptocurrency industry is ten years behind and attracting innovation is the top priority 3. Japan plans to allow banks to invest in cryptocurrency assets and lower the cryptocurrency tax rate to 20% 4. Thailand and Singapore investigate Cambodian Crown Prince Holding Group and collaborate with the United States 5. European Central Bank President calls for the establishment of local digital asset markets to maintain financial stability 6. YouTube star MrBeast company applies for cryptocurrency related trademark 7. UK tax authorities issue 65000 reminder letters to cryptocurrency tax defaulters 8. 400 million USDC transferred from unknown wallets The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/494214
[U.S. Treasury's Bitcoin Reserve Scale Grows by 64%] Galaxy Research reports that since March this year, the U.S. government has authorized the Treasury to include seized digital assets into strategic Bitcoin reserves. Recently, due to the confiscation of Prince Group assets, the reserve scale grew by 64% overnight, accounting for approximately 3.5% of U.S. gold reserves in dollar terms.
[Japan Plans to Allow Banks to Invest in Crypto Assets and Reduce Crypto Tax Rate to 20%] The Financial Services Agency (FSA) of Japan recently announced a series of draft reforms related to cryptocurrencies, proposing to significantly lower the tax rate on cryptocurrency trading income from a maximum of 55% to 20%, and allow investors to carry forward losses from crypto assets to future years. Additionally, the reforms may include policy adjustments to permit banks to invest in crypto assets. These measures aim to promote the development of the cryptocurrency industry while enhancing Japan's competitiveness in the global crypto market.
The 4-hour cycle shows that the ETH price continues to run below EMA24 and EMA52, and member indicators have detected that trading volume has continuously shrunk to 27% of the average level, indicating a significant decrease in market buying willingness. At the same time, the convergence of the KDJ indicator suggests that the current downward momentum may weaken, but the distribution of chips shows that a strong resistance band is formed in the area of 4128-4105 above, and caution should be exercised against further price declines. The current 3827-3804 area is a key support, and if it cannot effectively stabilize, further downward testing may occur. The membership function accurately captures the main flow of funds and helps you plan ahead. Activate membership now to access key trends and precise location analysis! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.