{"id":18054,"date":"2025-04-21T10:14:07","date_gmt":"2025-04-21T02:14:07","guid":{"rendered":"https:\/\/monsterblockhk.com\/?p=18054"},"modified":"2025-04-23T14:47:46","modified_gmt":"2025-04-23T06:47:46","slug":"weekly-report-apr-20","status":"publish","type":"post","link":"https:\/\/monsterblockhk.com\/en\/weekly-report-apr-20\/","title":{"rendered":"RWA Leader OM Collapses Unpredictably, Liquidity Retreats, Tariffs Continue to Escalate -- When Will the Opportunity Return? - 0421 Weekly Report"},"content":{"rendered":"
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This week, the crypto market was once again at the center of a storm. The Bitcoin Spot ETF saw its second consecutive week of net outflows, the RWA sector crashed due to trust and manipulation concerns, and Mantra (OM) suffered a flash crash and massive liquidation, deepening the panic. Meanwhile, the hacking of ZKSync and the continued flight of Berachain's capital have added to the instability of the ecosystem. However, while this week's news was full of positive and negative news, there was a quiet change in the regulatory winds - the US SEC welcomed a new chairman, Paul Atkins, and the market's expectation for a warmer regulatory environment is gradually rising. This is a test of confidence and the beginning of the repricing of each currency. Risks and opportunities coexist, and the next wave of storytelling and capitalization may be taking shape. In this issue, we will bring you through the noise and deconstruct the structural twists behind the dramatic changes.\n\n<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Bitcoin Spot ETF Posts Net Outflows for Second Straight Week as Institutions Keep Pulling Out\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Over the past week, the Bitcoin Spot ETF experienced continuous net outflows, with withdrawals occurring on almost every day, with the largest one-day outflow reaching US$150 million. The two consecutive weeks of withdrawals reflect the increasing risk aversion of institutional funds in the current market environment, which corresponds to the simultaneous downward movement of the Bitcoin price. This phenomenon also echoes the prolonged period of \"extreme fear\" in the market's fear index, suggesting that confidence in the short-term market outlook remains extremely reserved.\n<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Longs get bloodied: Mantra price crash triggers massive liquidation wave\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Against this backdrop, the fear in the market is spreading rapidly, especially the volatility of crypto assets has risen sharply, further aggravating the uncertainty in the market. In the past 24 hours alone, the overall crypto liquidation total exceeded $315 million, with BTC seeing $87.34 million in liquidations and ETH seeing $60.24 million in liquidations. The most notable of these market shocks was the price collapse of Mantra (OM), which fell from $6 to $0.4. This sharp price fluctuation triggered an extremely large liquidation of the single asset, with the amount of liquidation amounting to $76.03 million, making it one of the worst-hit areas in the current wave of liquidation. At this point in time, market sentiment became increasingly fragile, and the spread of panic exacerbated the scale and depth of the liquidation wave.\n\n<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Mantra crash sparks renewed fears\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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\nAccording to the latest data, the Fear and Greed Index has risen to 31, which is still in 'fear' territory, although it has recovered from last week's Extreme Fear Index (23), indicating that confidence has not yet been restored. However, the rebound in sentiment was not to last as the sudden crash in Mantra (OM) destroyed the recent optimism and pushed sentiment back to a low point. This price collapse triggered a massive liquidation of highly leveraged longs, which quickly triggered a chain reaction of selling pressure and liquidation, further deepening panic in the market. Nevertheless, history has shown us that when markets are in areas of extreme fear, they are often close to a market bottom. However, it will take time to absorb the fear and rebuild confidence, so we will need to remain cautious, especially if there are further bearish disruptions in the coming days.\n<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Berachain Capital Flight Continues, Base and Arbitrum Sucking Effect is Clear\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Meanwhile, capital flows show a clear divergence between the different chains in the market, with Berachain continuing to see large outflows over the past seven days, with net outflows approaching $100 million, indicating a significant decline in market enthusiasm for the chain. Although its high APR incentive initially attracted a large number of TVLs, it has been quickly withdrawn as the market enters a period of diminishing dividends. This phenomenon reflects investors' concerns about the chain's practical application and liquidity sustainability. On the other hand, Base and Arbitrum have shown a strong fund-absorbing effect, with Base posting the highest net inflows in the market at over $150 million in recent days, especially in the meme currency and social app ecosystem, which has attracted a lot of funds through its linkage with Coinbase. Arbitrum also continued to see positive inflows, thanks in part to the popularity of Hyperliquid and other sustainable trading platforms, as well as its unique mining and reward mechanism, which attracted the attention of a large number of active traders, thus boosting the overall TVL and market capital flows.<\/span><\/span><\/p>

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Market Sentiment Bounces Back, Capital All Over the Place, Except for Mantra (OM), Which Plunged Overnight\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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As the overall market sentiment is gradually picking up, the liquidity of capital has obviously recovered and spread to the layout of various types of assets, from L1, L2, public chain tokens to meme coins and DePIN sectors, all of which have shown strong growth in performance. Assets such as JASMY, FARTCOIN, and XCN recorded strong gains of 78.1%, 87.6%, and 1,45%, respectively, and popular assets such as HNT, BONK, and SOL followed suit. However, despite the market's rapidly recovering risk appetite, the only notable contrarian was Mantra (OM). The currency plunged 88.5% this week, making it the biggest hit in the entire market. This unexpected event not only reaffirms the high volatility of the market, but also reminds investors to remain alert to potential risks even as sentiment rebounds.\n\n<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Currency Circle News:<\/span><\/font>Crypto Market Shakeout Continues as Trust in the Market Takes Another Hit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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$OM 30-minute plunge of 90%: liquidation storm and manipulation of doubtful clouds, triggered by the evaporation of 7.5 billion market capitalization\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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RWA's MANTRA ($OM) plummeted in the early hours of April 14th, dropping more than 90% in just two hours, with the price collapsing from $6 to $0.37, and the market capitalization dropping from more than $8 billion to less than $1 billion, with about $7.5 billion evaporating in an instant. An official statement cleared the team of responsibility, alleging that the incident was related to \"reckless forcing\" or \"malicious manipulation\" by centralized exchanges. The crash occurred in the early morning hours of Asia, when liquidity was low, magnifying the risk of panic and cascading liquidation. According to Coinglass, the OM contract market liquidated to the tune of $67.33 million, second only to Bitcoin. According to community and chain data analysis, the crash may have been triggered by a 3.9 million $OM deposit into OKX from a wallet associated with the MANTRA team, which triggered the sell-off concerns. In addition, the discounted OTC sales with investors in the past also led to a chain of panic selling and leveraged liquidation after the tokens fell below the cost price. The market also questioned the team's high level of control and track record of operations, including controlling the supply of 90% tokens, delaying airdrops, and adjusting the economic modeling of the tokens, exacerbating investor mistrust. Phyrex, one of the early builders, even publicly accused the team of defaulting on payments and evading court judgments. The overall incident has led to the LUNA collapse in 2022, exposing the significant risks of the RWA project in terms of transparency and token concentration.<\/span><\/span><\/p>\n\n

In response to strong community criticism and allegations of 'insider manipulation' following the OM crash, Mantra CEO JP Mullin announced his intention to destroy his quota of 772,000 team tokens. He said this was to rebuild trust in the market and emphasized that the token had not yet been unlocked and was not expected to begin vesting until 2027. Crypto Banter founder Ran Neuner said that \"burning the token would be a bad decision\" and that incentives should be preserved, to which Mullin responded that he was only committing to a personal share and offered to leave the token to community governance rather than destroying it outright, and that he had pledged all of his OMs on the Fluxtra platform. Mullin also mentioned that all of his OMs were pledged to the Fluxtra platform, and that the team's 300 million tokens were locked up until April 2027, and that the team was evaluating ways to salvage the value of the tokens through buybacks and destruction. The story continues to heat up. Coffeezilla, a well-known counterfeiting YouTuber, released excerpts from an interview with Mullin, alleging that the team sold $25-45 million worth of tokens at a discount of $30-50% OTC, and then bought back $500-$10 million of those tokens, allegedly manipulating the value of tokens. Mullin denied the allegations of price-fixing. According to crypto.news, the crash was mainly due to liquidity collapse and forced liquidation, with the depth of the OM market plummeting from $290 million to $470,000, and OKX alone liquidating over $21 million in long orders. Currently, OM is trading at $0.7479, down nearly 88% in 7 days.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Pro-Crypto Paul Atkins at the helm of the SEC: A policy tipping point for digital assets as U.S. regulation shifts?\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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With the collapse of $OM, there are renewed concerns about the transparency and regulation of the crypto industry. The regulatory outlook for the U.S. crypto industry is also approaching a critical turning point. With the appointment of pro-crypto figure Paul Atkins as Chairman of the Securities and Exchange Commission (SEC), the future regulatory framework is expected to change, with Atkins emphasizing that the establishment of a \"rational, consistent, and principled regulatory basis\" for digital assets will be a top priority of his tenure, in contrast to the hard-line stance taken by his predecessor, Gary Gensler. The arrival of Atkins signals a possible move towards friendlier and clearer regulation of digital assets, which could help reduce regulatory pressure on the market and boost investor confidence. Against this backdrop, the future direction of the crypto market will be determined not only by internal operational risks, but also by the improvement of the external regulatory environment, which may bring more opportunities and challenges to the market.\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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ZKSync Official Wallet Hacked: $5 Million in Airdrop Assets Stolen, Community Trust Dented\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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However, while the risks within the crypto market have yet to dissipate, ZKSync is also facing an unexpected challenge. The platform released an announcement on Tuesday night that one of its admin wallets had been hacked, resulting in the loss of approximately $5 million in ZK tokens. According to the official statement, the funds came mainly from leftover airdrop tokens that hadn't been claimed by users. Although categorized as an isolated incident and affecting only the airdrop contract portion of the company's business, the incident has had a significant impact on market confidence, and ZKSync has since initiated an emergency response and full investigation, but it is another reminder to all digital asset holders that they must always protect their funds and avoid exposing sensitive data to insecure environments.\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Ether Pectra Upgrade Coming, Is It Finally Going Up?\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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At the same time, a new round of technological innovation is coming to Ethernet. With the upcoming Pectra upgrade, Ether is poised to see significant improvements in scaling, transaction efficiency, and user experience. Considered a pivotal moment in the evolution of ethereum that will pave the way for more organizations to participate in mainstream adoption in the future, the arrival of Pectra not only strengthens ethereum's position as the \"App Store of the crypto world,\" but also demonstrates its solid position in the blockchain space. As technology and culture advance, Ether will continue to lead the way in building the infrastructure for the Web3 ecosystem and provide a strong impetus for the development of the crypto industry as a whole.\n\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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CZ: Secretly reporting on Sun Yuchen? CZ's secret information about Sun Yuchen is a social media fiasco and a crisis of trust.\n\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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However, as the market develops further, new controversies keep popping up, especially as the crypto community seems to be back in the spotlight with more rumors and controversies lately. Recently, a story about Binance founder CZ attracted a lot of attention. According to the Wall Street Journal, CZ is suspected of providing testimony related to a number of crypto insiders, including TRON founder Yuchen Sun, in a plea deal with the U.S. Department of Justice (DOJ). Although specific details have yet to be made public, the news immediately triggered a huge upheaval on the internet. At a Binance Meetup event on April 6, CZ and Sun interacted with each other frequently in a very friendly atmosphere. The ensuing \"secret report controversy\" turned the scene into a highly dramatic mystery. Sun quickly issued a statement clarifying that he had no knowledge of the incident and emphasized his trust in CZ. Meanwhile, CZ himself responded, calling the rumors ridiculous and mocking the current climate of public opinion. Although there is no official confirmation yet, this controversy once again highlights the tug-of-war between public opinion and regulation in the crypto market.\n\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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OKX Bybit Upload Fee Dispute Widens: $1.4M Charge Denied, Market Transparency Questioned Again\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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In a week where rumors and controversy seem to be far from over, the Bybit exchange has also been in the spotlight lately, embroiled in a controversy over exorbitant upload fees. The exchange denied allegations of charging $1.4 million in upload fees from a user with more than 100,000 followers who said Bybit was overcharging project owners and silencing dissenting voices. Bybit's CEO, Ben Zhou, vehemently refuted the allegations and asked the user to provide evidence to back up his claims and expressed disappointment at the unsubstantiated rumors. The controversy serves as a reminder that transparency and integrity are still issues that need to be addressed in the crypto community, and highlights the growing rumor mongering in the industry. As more rumors and controversies surface, the trust crisis in the crypto market is likely to intensify.\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Trump's Fascination Coin $320 Million Unlocking Nears, Prices Fear Another Avalanche\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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As for the Trump Lost Cause Coin (TRUMP), with the upcoming unlocking of the $320 million token, the market is full of worries about its future risks.TRUMP's price has plummeted by 83% since it went live on January 18th, to only about $8 by the time of this writing, and the number of holders has dropped dramatically. The unlocking of the tokens may put further pressure on the already low price, and with weak liquidity in the market, a massive sell-off could trigger a price collapse. For current coin holders, this is undoubtedly a risk that warrants vigilance.\n<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Macro: Global Economic Uncertainty Worsens as Tariffs Intensify\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Last week, the U.S. once again witnessed a drastic tariff policy development, which triggered great concern and anxiety in the market. The U.S. government exempted electronic products from tariffs of up to 1,45% against China. In addition to China, some markets such as the European Union (EU), although temporarily exempted, will not be able to avoid becoming one of the affected countries in the context of the larger trade friction. What is even more shocking is that the U.S. government is even considering imposing additional high tariffs on Chinese imports of cell phones, laptops and other consumer electronics.<\/span><\/p>

This series of disturbing policy updates has not only intensified risk aversion in global markets, but also dealt a severe blow to investor confidence. The escalation of trade friction has undoubtedly brought more uncertainty to the global economy, and for crypto markets in particular, the situation has amplified the atmosphere of tension and fear. The market has retreated significantly under the impact, and the prices of mainstream crypto assets such as Bitcoin and Ether have fallen within a short period of time, sending investor sentiment into a downward spiral.<\/span><\/p>

According to recent economic reports, the U.S. Consumer Price Index (CPI) increased at an annualized rate of 5.2% through March 2025, indicating significant inflationary pressures. Meanwhile, the price of gold broke out to a new high of $2,100 per ounce this week, reflecting the fact that investors are looking for a safe-haven asset to combat market uncertainty. On the other hand, while the U.S. unemployment rate remained relatively stable at 4.0% in March, GDP growth slowed to 2.1% in the first quarter of 2025, signaling a weakening of overall economic momentum. These macro data signal an economic environment that could further drive risk asset adjustments.<\/span><\/p>

With higher inflation and slower GDP growth, investors generally expect the Fed to delay rate cuts or even further tighten monetary policy, further depressing sentiment. In addition, gold's record highs also indicate a rise in safe-haven demand, a trend that would normally lead to a partial inflow of capital into traditional safe-haven assets, making capital flows in the crypto-asset market more cautious, and potentially putting short-term pressure on smaller-sized torrents, some of which are higher-risk assets.
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2025 Must Read for Newbies! Use these six data indicators to learn how to judge buying opportunities.<\/a><\/u><\/span><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Chained Data Analytics: Market Capital Retreats, Waiting for a Turning Point in a Stagnant Market\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Crypto Market Capital Retreats Across the Board, Not Individual Crashes\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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According to the chart, liquidity in the crypto market has shrunk significantly since December last year, leading to a significant valuation decline in the overall torrents of the cryptocurrency sector. We can see that the total market capitalization of cryptocurrencies has plummeted from a cycle high of $1 trillion to approximately $583 billion, a drop of more than 40%, a change that is not the result of individual cryptocurrencies underperforming, but rather the result of a significant retreat of capital from the market as a whole. In particular, assets at the end of the risk curve were hit harder by liquidity pressures and fell even more sharply. According to the chart, there is no obvious sector or individual asset that has bucked the trend in this downturn, and there has been an across-the-board pattern of declines. Investors should understand that this is a systemic adjustment triggered by changes in the overall market environment, rather than a fundamental problem with any one item. The impact of such a total withdrawal of capital would be particularly severe for smaller, less liquid projects, and could even lead to non-viability and early termination of the project. As in previous weeks, please remain calm and avoid panic selling driven by irrational sentiment. Remember, it's not just your currencies that are falling, the whole market is under pressure, and this kind of pressure is a necessary part of every bull market before it starts.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Giant Whale's Steady Pipeline Nears Its End, Market May Be at a Critical Moment of Turnaround\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Amid this overall market panic and plummeting valuations, the data on the chain's giant whales reveals a very different signal. Since March 5, the number of wallets holding between 1,000 and 10,000 bitcoins has increased from 1,944 to 2,014, suggesting that the \"giant whales\" - that is, the large institutional or high-net-worth investors - are continuing to make their moves. The price volatility and market panic during this period was a perfect opportunity for them to add to their positions. These well-capitalized investors don't buy high or sell low in the short term, but rather focus on medium- to long-term trends, so this growth can be seen as a clear sign of optimism about the future of the market. From the data on the link, the steady growth in the number of addresses of these giant whales indicates that capital is steadily entering the market, rather than short-term speculation. This also implies that the accumulation phase of the giant whales is basically coming to an end, or at least the majority of the layout has been completed, with only a few fluctuations and washouts left to complete the final adjustment. For retail traders, this is a signal worth paying close attention to - when the large-scale capital entry comes to an end and the concentration of chips is completed, the market is likely to welcome the next wave of trend reversal. The next few price pullbacks may be the last opportunity to get in on the action. If you've been following our DCA strategy since February, you should be enjoying the fruits of \"eating low\" right now.\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Bitcoin Giant Whale Sucks Up 100,000 BTC in March, Bullish Turning Signal in the Making\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Such low-point layout behavior is not just a retail strategy, but even the Bitcoin giant whales are accelerating their entry. According to the latest report from CryptoQuant, an on-chain data analytics platform, since the beginning of March, large holdings (or \"Bitcoin whales,\" as they are often referred to) have cumulatively increased their positions by more than 100,000 BTC, which is equivalent to an inflow of billions of U.S. dollars. Accumulations of this magnitude are usually not short-term speculation, but rather a strong bet on the future of the market. This phenomenon not only shows that large capitalists still have a high level of confidence in the long-term value of Bitcoin, but is also often seen as a classic sign of an early bull market. In past cycles, large accumulations like this have often occurred at the end of market corrections or downturns, laying the groundwork for subsequent upturns. While there may be some volatility and retesting in the near term, the continued buying by the giant whales has created a strong layer of support. There is still a chance for price volatility and even a deeper pullback in the coming weeks, but in the medium term, potential catalysts are already emerging. One of the most interesting potential triggers is the potential announcement by the Federal Reserve (Fed) in June that it will initiate quantitative easing (QE). If this comes true, it will definitely bring liquidity injection to the overall risk asset market and further drive the crypto market to regain momentum. The whales may be making preparations for this macro event.<\/span><\/p>

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MicroStrategy and BlackRock Reinvest in Bitcoin: The U.S. Capital and Political Forces Behind Them\n\n\n<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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This wave of institutional-level buying is not only coming from anonymous wallets, but is also directly reflected in the financial reports and position strategies of major U.S. corporations. MicroStrategy has continued to increase its position in Bitcoin, even as the price has recently experienced turbulence. The company has made Bitcoin the centerpiece of its capital reserves since 2020, and has continued to make large purchases at high prices this year, a strategy that has attracted significant attention in the market. Despite the volatility of Bitcoin's price, MicroStrategy remains committed to this strategy and views it as a long-term safeguard for future capital appreciation. To date, MicroStrategy has held more than 500,000 Bitcoins. What's more noteworthy is that MicroStrategy's major shareholder is BlackRock, one of the world's largest asset management companies. BlackRock currently owns more than 570,000 Bitcoins, which raises concerns about its huge influence in the Bitcoin market. As two American corporations, MicroStrategy and BlackRock are both deeply rooted in the American capitalist system and have been profoundly influenced by the American business mindset. Trump, as a leader who strongly supports the concept of America First (MAGA), emphasizes the protection of domestic businesses and capital priorities. Therefore, it can be assumed that Trump will not easily put these companies at risk of closure, as his support stems from a strong stance on the defense of domestic American business and capitalist values.\n\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Conclusion: Opportunity After the Storm: Waiting for a Clear Direction to Emerge<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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To summarize, although there was no major breakthrough event this week, the market is still under the pressure of capital outflows and macro tariffs, and the volatility is still not to be ignored. The market is waiting for the next clear direction to emerge from the interplay of long-short tug-of-war and sentiment correction. Right now, perhaps it is the time to be more vigilant, more cautious observation. The real opportunities are not found in the hustle and bustle, but rather in the aftermath of the storm, when rationality returns. We will continue to track the capital dynamics and narrative changes, and analyze every dark tide and turn of the market with you. See you next week at the same time!\n<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Related Post:<\/span><\/span>
Best Cryptocurrency Trading Platform for Hong Kong Users?2025 Latest Bitcoin Tips for Beginners
<\/u><\/a>2025 Coin Ring Newbie Guide Lazybones\uff5cChained Ecology Entry Guide<\/u><\/a>
2025 Must Read for Newbies! Use these six data indicators to learn how to judge buying opportunities.<\/a><\/u><\/b><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\u52a0\u5165\u6211\u5011\u7684\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Disclaimer<\/b><\/span><\/span><\/p>

The content of this article is for reference only, investors should exercise independent judgment, invest prudently and at their own risk, this article does not provide or attempt to persuade the audience to do trading or investment basis, the content is for sharing purposes only, and should not be regarded as investment advice.<\/span><\/span>It does not represent the views and position of Monsterblockhk.<\/span>All information and opinions are current as of the date of the judgment. In addition, if a judgment is rendered on a<\/span><\/span>In this site<\/span>Any content related to virtual asset trading platforms that have not yet obtained a license to operate virtual asset trading platforms in Hong Kong, including but not limited to text introductions, pictures, offers, events, etc., are only available to users outside the Hong Kong Special Administrative Region.<\/span><\/p>

According to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, after June 1, 2023, all centralized virtual asset trading platforms operating in Hong Kong or actively promoting their services to Hong Kong investors will be licensed and regulated by the SFC, and any related unlicensed activities will be a criminal offence. For more information and details of the legislation, users may refer to the SFC website.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

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