UK November CPI Year-on-Year

"BTC is not a threat to the US dollar, what is really threatening the US dollar is the behavior of the current Biden administration."

ESG 𝟑 Reasons Why One Thing Doesn’t Produce Results 𝟏: Is the letter deep enough? 𝟐: Not firm enough 𝟑: Not hard enough Wherever you are-- Focus on positioning and targeting down to earth is important [Come on] [Come on] [Fist] [Fist] [Victory] [Victory]​​​​

This article will start from 7 basic issues to explain the issuance logic, technical framework, regulatory rules and potential impact of the Hong Kong dollar stablecoin, and take USDC as an example to analyze the future operating mechanism of the Hong Kong dollar stablecoin.

On July 3, a number of experts and scholars concerned about Hong Kong’s Web3 published a joint signed article in Ta Kung Pao, strongly proposing that the Hong Kong SAR government issue a Hong Kong dollar stable currency backed by Hong Kong’s foreign exchange reserves to promote financial technology innovation and enhance the competitiveness of the financial market , so that Hong Kong can maintain its competitive advantage in the digital economy era. At the end of June, Okey Cloud Chain Research Institute also published a special article entitled "Seven Questions on Hong Kong Dollar Stablecoin: Issuance Logic, Regulatory Rules and Potential Impact" on Caihua News, the most well-known financial media in Greater China, and communicated with all walks of life. Share your observations and thoughts on Hong Kong dollar stablecoins.

The world’s second-largest asset management giant just broke its defenses—the truth behind Bitcoin’s overnight surge is astonishing! On Tuesday, global markets reversed course suddenly. Bitcoin soared over 6% in a violent rally, reclaiming the $90,000 mark in one fell swoop, while Ethereum also returned to $3,000. Global risk assets celebrated collectively, and behind it all was a giant that once vowed to “never touch crypto,” quietly changing direction. That giant is Vanguard—a behemoth known for its conservative approach, managing $8 trillion and serving 8 million loyal clients. On Tuesday, Vanguard suddenly opened trading channels for clients: allowing the purchase of crypto asset funds like BlackRock’s Bitcoin ETF on its brokerage platform. As soon as the news broke, the market exploded. BlackRock’s Bitcoin ETF (IBIT) surpassed $1 billion in trading volume within 30 minutes of the opening, sending Bitcoin soaring. Bloomberg analysts bluntly stated: “This is the ‘Vanguard effect’—any shift by this giant can trigger a tsunami.” It’s important to know that Vanguard has long regarded cryptocurrencies as “speculative assets,” firmly shutting them out. Founder John Bogle’s philosophy of “long-termism” was its moat against the crypto frenzy. But this time, that moat has collapsed. Why did they change their stance? The pressure came from all directions: 1. Clients voting with their feet: BlackRock’s Bitcoin ETF surpassed $10 billion in just 7 weeks, as funds poured in. Vanguard’s clients kept asking, “Why can’t we buy?” 2. Crushed by competitors: Longtime rival BlackRock has attracted huge attention and capital with its Bitcoin ETF, now exceeding $70 billion in scale. If Vanguard didn’t act, it risked losing clients. 3. The new CEO’s “betrayal”: Vanguard’s current CEO, Salim Ramji, was formerly a BlackRock executive and a longtime blockchain believer. Once he took office, the internal iron curtain quietly loosened. 4. The market’s lesson: Bitcoin ETFs weathered a crash, the regulatory framework is mature, and it’s no longer a “fringe asset.” Vanguard executives finally admitted: “Crypto products have been market-tested.” Yet Vanguard’s compromise still carries pride: · Only third-party crypto ETF trading is allowed—absolutely no proprietary products · Strict ban on leveraged and inverse crypto products · Their stance remains: “We just provide the channel, invest with caution” This is not just a business adjustment—it’s an ideological earthquake. Thirty years of the Vanguard vs. BlackRock “duel of the giants” has now entered a new phase: · BlackRock is about “technique”: product first, embracing every opportunity. From ESG to Bitcoin, if they do it, they aim to be the top “pick and shovel” provider. · Vanguard is about “principle”: cost first, focused on index funds. 80+ ETFs vs. BlackRock’s 400+, with ultra-low fees as its creed. When “principle” is forced to bow to “technique,” it proves one thing: in the face of overwhelming demand, no giant is unshakable. The market has voted with its money: Bitcoin is not a flash in the pan; it is being rapidly integrated into the global asset allocation map. Vanguard’s 8 million clients are set to become the next potential wave in crypto. This long-overdue opening may be just the beginning. Giants always turn slowly, but once they do, it signals a true change in the wind. #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50