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The world of traditional finance (TradFi) is on the cusp of a profound transformation, driven by the relentless innovation of blockchain technology. While the introduction of Bitcoin ETFs marked a significant milestone, it was merely the first step. The real convergence, where TradFi’s vast capital meets the efficiency and transparency of decentralized finance (DeFi) is … <a href="https://beincrypto.com/tradfi-on-chain-finance-convergence/">Continued</a>
Hong Kong’s new Stablecoin Ordinance mandates HKMA licensing, 1:1 backing, KYC, and bans DeFi involvement.KYC, Compliance, and the DeFi BanDivided Reactions from the Crypto Community
Mike Novogratz says the crypto treasury boom is over, and future growth will come from established players and long-term use.Long-Term Integration is the FutureWhat This Means for Investors
- 17:02A Short-Selling Ethereum Whale Adds $5.22 Million in Margin, Now Facing $14 Million in Unrealized LossesAccording to Jinse Finance, Onchain Lens monitoring shows that as Ethereum once again surpassed $4,700, a whale with a 20x short position deposited 5.22 million USDC into Hyperliquid to avoid liquidation. Currently, their unrealized loss stands at $14 million, with a total loss of $26 million.
- 16:52Analysis: Powell Indicates Fed’s Top Priority Has Shifted to Supporting the Labor Market, Interest Rate Decisions to Be Driven by Employment DataAccording to a report by Jinse Finance, The Kobeissi Letter analyzed the significance of Federal Reserve Chair Powell's speech today: "Today's remarks indicate that their top priority has shifted to supporting the labor market. The change in risk balance may require policy adjustments, and he specifically referred to the labor market. Therefore, employment reports will determine future rate cuts."
- 16:38Bloomberg Economist: Powell’s Remarks Today Are Not Dovish, He Is Simply Walking a Tightrope Between Political Pressure and HawkishnessAccording to ChainCatcher, Bloomberg economist Anna Wong commented on Powell's remarks, stating, "Powell's comments today were not dovish. Over time, people will realize just how hawkish his statements actually were. This kind of instinctive market reaction, which is later reversed, has happened before." "Today, he perfectly demonstrated how to walk a tightrope: on one hand, soothing political pressure by offering just enough hints of rate cuts for everyone to interpret as they wish, while on the other hand, subtly laying the groundwork for a hawkish response, all without revealing his true intentions."