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Australia's financial regulatory agency expands its oversight of cryptocurrency

3 hours ago

On October 29th, as per the report by Decrypt, the Australian Securities and Investments Commission (ASIC) has provided a substantial update to its digital asset guidance. This update expands the scope of existing financial services laws to cryptocurrency businesses and clarifies the circumstances under which digital asset products and services may be regarded as financial products under the Corporations Act. The latest update replaces early cryptocurrency-related terms with the more comprehensive term "digital asset", encompassing tokenization, digitization, and token-based products. ASIC has reiterated that many digital assets, such as yield tokens, staking arrangements, and asset-referenced stablecoins, may necessitate an Australian financial services license in accordance with current laws. The regulator also emphasized that if offshore and decentralized platforms market or sell to local users, Australian law is equally applicable. The new custody obligations require companies holding client assets to meet a net tangible asset threshold of up to AUD 10 million.

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Yesterday's net inflow to the US Spot Bitcoin ETF was $202.4 million

On October 29th, as monitored by Farside, a net inflow of $202.4 million was observed in the US Spot Bitcoin ETF yesterday. This includes: · A net inflow of $59.6 million for IBIT; · A net inflow of $67.0 million for FBTC; · A net inflow of $75.8 million for ARKB.

2 minutes ago

Yesterday's US Ethereum Spot ETF Net Inflow was $2.46 billion

On October 29th, as per Farside Monitoring, a net inflow of $246 million was observed in the US Ethereum Spot ETF yesterday. This includes: An inflow of $76.4 million into ETHA; An inflow of $99.3 million into FETH; An inflow of $73 million into Grayscale ETH; An outflow of $2.7 million from ETHE.

2 minutes ago

In the last 24 hours, CEX net outflow was 12,254.12 BTC

On October 29th, based on Coinglass data, within the past 24 hours, the total net outflow of BTC from CEXs was 12,254.12 BTC. The top three CEXs with the largest outflow amounts are as follows: · Coinbase Pro, with an outflow of 13,709.19 BTC; · Bitfinex, with an outflow of 474.86 BTC; · OKX, with an outflow of 167.63 BTC. In addition, Binance witnessed an inflow of 2,531.36 BTC and ranked first on the inflow list.

2 minutes ago

The South Korean company BDACS will issue the Korean Won stablecoin KRW1 on Circle's Arc blockchain.

On October 29th, according to Yonhap News, the digital asset infrastructure company BDACS announced its plans to issue the South Korean won stablecoin KRW1 on Circle's new blockchain, Arc. In order to advance this project, BDACS has signed a Memorandum of Understanding with Circle and established a collaborative mechanism. Additionally, BDACS completed the trademark registration for KRW1 in December 2023.

2 minutes ago

Trump: Satisfied with Extending "Tariff Truce" with Mexico

October 29: President Trump stated on Tuesday that the postponement of the tariff truce announced by the Mexican leader was a positive development. This is because the country has already paid a significant amount of tariffs, which has benefited the United States. On Wednesday, while on Air Force One, Trump told reporters, "I am in favor of the extension agreement reached with Mexico." He had just completed his visit to Japan and was en route to South Korea to attend the Asia-Pacific leaders' meeting. "This extension agreement has been progressing quite smoothly. We have received a substantial amount of tariff revenue. They have paid an enormous sum of money." Instead of answering how long he believed the extended deadline should be, Trump said that the existing tariff rates were sufficient to assist in persuading car companies to bring manufacturing back to the United States. Prior to Trump's remarks, the Mexican president announced on Tuesday that the United States would extend the

2 minutes ago

「FOMO King」 Huang Lizhong Switches to 「Ant Farm」 Strategy, Doubling Down $640K on ETH and HYPE, Total Position Reaches $22M

On October 29th, according to the monitoring of HyperInsight, in the past 20 hours, Huang Licheng once again deposited $640,000 into Hyperliquid and continued to incrementally increase his ETH long position during market pullbacks. The current nominal value is $16.99 million. From yesterday afternoon to now, the floating return rate has decreased from 130% to 27%, the average position price has risen from $3890 to $3950, and the liquidation price is $3684. Meanwhile, the HYPE long position has a nominal value of $5.3 million, and the current floating return rate is over 75%. Previously, on the 23rd, Huang Licheng opened an ETH long position with an average price of $3785 and a nominal value of over $9.6 million. He then established a HYPE long position with an average price of $38.5 and a nominal value of approximately $1 million. In the past few days, he has continuously used the unrealized profits from the margin to roll over p

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