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 Crypto trading is an important part of the virtual asset ecosystem says Hong Kongs SFC chief

Crypto trading is an important part of the virtual asset ecosystem says Hong Kongs SFC chief


Published: 2023-06-24


1. Importance of Crypto Trading: The article highlights the significance of crypto trading in the current virtual asset ecosystem. It emphasizes the necessary measures taken by regulatory bodies to ensure proper monitoring and supervision of virtual asset trading activities. The Hong Kong Securities and Futures Commission (SFC) chief,Ashley Alder,believes that regulating the virtual asset market is critical for investor protection,maintaining market stability,and preventing money laundering.

2. Role of Regulatory Bodies: The article sheds light on the increasing involvement of regulatory bodies in the crypto trading sphere. The Hong Kong SFC is one of the prominent regulatory bodies that have taken various measures to regulate the virtual asset market. The article states that the SFC has taken a proactive approach by requiring virtual asset trading platforms to comply with its rules and regulations. The regulatory body has also been issuing warnings to investors to remain vigilant while investing in the crypto market.

3. Future Outlook for Crypto Trading: The article talks about the future outlook for crypto trading in the virtual asset ecosystem. The current market trends suggest that crypto trading activities will continue to grow,but they may face certain challenges in the future. The SFC chief believes that the virtual asset market will evolve,and regulatory bodies need to be prepared to address new challenges as they arise. The article also mentions that the SFC will continue to monitor and regulate virtual asset trading activities to ensure that they are conducted in a transparent and fair manner.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,131.47 2,927,551,689.15
2 ARS title=ARS 1,086.70 1,979,704,294.70
3 ETH title=ETH 2,994.79 1,146,702,521.03
4 SOL title=SOL 163.12 895,115,176.91
5 PEPE title=PEPE <0.01 652,011,448.11
6 WIF title=WIF 2.96 301,227,087.19
7 BOME title=BOME 0.01 298,073,857.93
8 DOGE title=DOGE 0.15 287,931,181.86
9 PEOPLE title=PEOPLE 0.05 244,334,158.76
10 FLOKI title=FLOKI <0.01 241,817,356.07
11 NEAR title=NEAR 8.10 221,094,167.47
12 XRP title=XRP 0.52 182,708,574.28
13 RNDR title=RNDR 10.38 170,307,059.46
14 ENA title=ENA 0.72 156,791,802.56
15 RUNE title=RUNE 6.55 155,573,469.11
16 FTM title=FTM 0.82 135,032,046.33
17 AEVO title=AEVO 0.84 124,842,479.90
18 BONK title=BONK <0.01 121,041,350.12
19 WLD title=WLD 4.93 119,830,811.85
20 JTO title=JTO 4.68 76,132,700.01
21 AVAX title=AVAX 34.53 72,730,826.39
22 AR title=AR 44.04 72,487,304.69
23 SUI title=SUI 1.04 67,666,890.90
24 ORDI title=ORDI 38.81 63,490,474.80
25 SEI title=SEI 0.56 59,714,842.62
26 OP title=OP 2.46 51,837,719.72
27 JUP title=JUP 1.17 50,535,795.23
28 ADA title=ADA 0.45 49,814,556.32

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Fantom title=FTM 0.82 +23.79
2 Chromia title=CHR 0.34 +23.24
3 Jito title=JTO 4.68 +22.65
4 Sei title=SEI 0.56 +22.59
5 ConstitutionDAO title=PEOPLE 0.05 +20.90
6 Vanar Chain title=VANRY 0.20 +19.59
7 Immutable title=IMX 2.40 +18.44
8 BEAMX title=BEAMX 0.03 +17.52
9 Raydium title=RAY 1.75 +17.42
10 THORChain title=RUNE 6.55 +16.90
11 Reserve Rights title=RSR <0.01 +16.39
12 Theta Fuel title=TFUEL 0.10 +15.49
13 Tensor title=TNSR 0.90 +15.35
14 iExec RLC title=RLC 3.40 +15.06
15 BOOK OF MEME title=BOME 0.01 +14.79
16 Neutron title=NTRN 0.69 +14.18
17 Sui title=SUI 1.04 +13.97
18 High title=HIGH 4.95 +13.96
19 TrueFi title=TRU 0.12 +13.96
20 Stafi title=FIS 0.50 +13.57
21 SingularityNET title=AGIX 0.96 +13.46
22 NEAR Protocol title=NEAR 8.10 +13.39
23 GMX title=GMX 31.13 +13.12
24 Solana title=SOL 163.12 +13.02
25 Ocean Protocol title=OCEAN 0.96 +12.93
26 Yield Guild Games title=YGG 0.82 +12.90
27 JasmyCoin title=JASMY 0.02 +12.52
28 Numeraire title=NMR 27.43 +12.42
29 Dock title=DOCK 0.03 +12.18
30 0x Protocol title=ZRX 0.50 +12.13

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Pepe title=PEPE <0.01 -5.90
2 Keep3rV1 title=KP3R 75.10 -4.43
3 CyberConnect title=CYBER 7.67 -3.27
4 FLOKI title=FLOKI <0.01 -2.45
5 IRISnet title=IRIS 0.02 -1.32
6 Starknet title=STRK 1.14 -1.04
7 Lido DAO title=LDO 1.58 -0.88
8 TRON title=TRX 0.12 -0.70
9 Renzo title=REZ 0.11 -0.53
10 Bluzelle title=BLZ 0.37 -0.48
11 SafePal title=SFP 0.81 -0.11
12 Beefy title=BIFI 346.70 -0.06
13 Pax Dollar title=USDP 1.00 -0.05

Bitcoin's Greed and Fear Index.

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70
Greed

Global CryptoCurrency News

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20 Filing suggests SEC is exploring grounds to deny spot Ether ETFs 2024-05-15
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22 SEC tries again for Debt Box suit dismissal with option to refile 2024-05-15
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50 Crypto exchange OKX launches local regulated entity in Australia 2024-05-14

US news that has a significant impact on the market

at news day date time
1 Unemployment Claims Thursday 16-05-2024 13:30
2 Building Permits Thursday 16-05-2024 13:30
3 Philly Fed Manufacturing Index Thursday 16-05-2024 13:30
4 Housing Starts Thursday 16-05-2024 13:30
5 Import Prices m/m Thursday 16-05-2024 13:30
6 Industrial Production m/m Thursday 16-05-2024 14:15
7 Capacity Utilization Rate Thursday 16-05-2024 14:15
8 FOMC Member Barr Speaks Thursday 16-05-2024 15:00
9 Mortgage Delinquencies Thursday 16-05-2024 15:10
10 Natural Gas Storage Thursday 16-05-2024 15:30
11 FOMC Member Mester Speaks Thursday 16-05-2024 17:00
12 FOMC Member Bostic Speaks Thursday 16-05-2024 20:50
13 CB Leading Index m/m Friday 17-05-2024 15:00
14 FOMC Member Waller Speaks Friday 17-05-2024 15:15
15 FOMC Member Daly Speaks Friday 17-05-2024 17:15
16 FOMC Member Kugler Speaks Saturday 18-05-2024 22:45

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