「Buddy」 Increases HYPE Long Position by 10,000 Coins, Boosting Position Size to $2.83 Million
On October 28th, according to the monitoring of
HyperInsight, "Big Brother Ma" Huang Licheng increased his position by 10,000 HYPE in a long position just 5 minutes ago. Currently, his 10x leveraged long position in HYPE amounts to 60,000 HYPE, and the position size is $2.83 million. The current unrealized profit is $313,000 (+110%), with a liquidation price of $20.49.
25 minutes ago
Bloomberg: Citigroup Teams Up with Coinbase to Explore Offering Stablecoin Payment Services to Customers
On October 27th. According to Bloomberg, Citigroup has declared a partnership with Coinbase Global Inc. The two parties are set to jointly enhance digital asset payment capabilities and offer services to the bank's corporate clients. This collaborative effort represents the latest instance of a Wall Street giant venturing into the blockchain field for innovation in the face of years of regulatory warnings regarding the risks of digital assets. In the initial stages of the partnership, the emphasis will be on investigating ways to simplify Citigroup's institutional clients' fund conversion processes, such as converting cryptocurrency into fiat currency and the reverse operation of using fiat to purchase cryptocurrency. This will also cover cross-border scenarios.
25 minutes ago
Wrightson: Fed May End Balance Sheet Runoff This Week
On October 27th, analysts from the research firm Wrightson forecasted that the Federal Reserve might be prepared to announce the conclusion of balance sheet reduction this week. The recent overnight repo market trends have indicated that financing conditions have become tighter and bank reserves have dropped to levels that are close to what is regarded as equilibrium.
The Wrightson team stated that any action carried out by the Federal Reserve this week would be a cautious one in order to avoid exerting excessive pressure on the money markets. They pointed out, "Even if the Fed thinks that the supply of reserves remains quite sufficient, we have doubts whether the FOMC will ignore the repeated warning signals in recent weeks in the federal funds rate." (FX Street)
25 minutes ago
Hong Kong's First Solana Spot ETF Listed Today, with an Initial Size of 21.29 Million HKD
October 27th: In Hong Kong, the first Solana spot ETF, the Huaxia Solana ETF, was officially listed on the HKEX. It became the third type of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission, following Bitcoin and Ethereum.
According to SoSoValue data, on the first day of trading, the trading volume was 11.39 million Hong Kong dollars, and the total asset net value was 21.29 million Hong Kong dollars, equivalent to approximately 13,461 SOL. There was a Hong Kong dollar over-the-counter closing discount of -0.60%, indicating stronger selling pressure. From the perspective of first-day trading volume, it was about half of the trading volume of the Hong Kong Ethereum spot ETF listed on April 30, 2024 (when three products were listed simultaneously).
The Huaxia Solana ETF is issued by Huaxia Fund (Hong Kong) and was approved by the Hong Kong Securities and Futures Commission on October 22nd. Its features include: supporting cash or in-kind creation and r
25 minutes ago
Bloomberg ETF Analyst: Market Rumors Suggest Some Altcoin ETFs Will Launch This Week
On October 27th, Bloomberg ETF analyst Eric Balchunas tweeted on social media that Canary Capital has just submitted an 8-A form for LTC and HBAR. This occurred after Bitwise submitted an application for Solana, bringing the total number of cryptocurrency ETF applicants to two more. Market rumors suggest that despite the government shutdown, these ETFs (including the conversion of the Grayscale Solana Trust) may still be launched this week. Although not yet confirmed, the relevant preparations have made significant progress and are worthy of attention.
BlockBeats previously reported that Bitwise CEO Hunter Horsley tweeted "Big week" earlier today, and this immediately received a response from the Solana official account.
25 minutes ago
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