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Hong Kong Stablecoin Oversight and Adjudication Office: Only Fiat-Collateralized Stablecoins Backed by Legal Tender Allowed

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On November 21st, a member of the Hong Kong Stablecoin Oversight and Web3 Development Working Group, Andrew Lui, stated that currently only fiat-collateralized stablecoins backed by legal tender are permitted. Applicants are required to have a minimum capital of at least HKD 25 million in order to ensure sufficient financial strength to operate and withstand market risks. The issuer's fiat funds must be invested in highly liquid and low-risk assets to guarantee that the value of the stablecoin is reliably supported. Furthermore, independent audits must be carried out, and regulatory compliance evidence must be provided to regulatory authorities. (Securities Times)
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Federal Reserve's Collins: Currently Maintaining Interest Rates Unchanged Is "Appropriate"

On November 21st, a Federal Reserve official named Collins hinted that since inflation might remain high for a certain period, it is "appropriate" to keep the current interest rate unchanged. The September employment data showed a mixed picture, and the increase in the unemployment rate in September was not unexpected. (FX168)

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Nasdaq 100 Index Futures rose by 0.65%

On November 21st, based on market data, Nasdaq 100 Index futures witnessed a rapid rise. It reversed from a 0.9% intra-day decline to a 0.65% increase.

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Bitcoin Surges Past $84,000

On November 21, according to HTX market data, Bitcoin experienced a rebound and surpassed $84,000. The 24-hour price decline narrowed to 8.3%.

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SEC Approves NYSE Arca Listing of Bitwise 10 Crypto Index ETF

On November 21st, the SEC granted approval to the New York Stock Exchange Arca, Inc. ("NYSE Arca") to list and trade the Bitwise 10 Crypto Index ETF. This ETF encompasses assets such as BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT.

1 minutes ago

Coinbase to Acquire Solana Ecosystem Exchange Platform Vector.fun

On November 21st, according to the report in Fortune, Coinbase is scheduled to acquire the trading platform Vector.fun within the Solana ecosystem. It is expected that the transaction will be completed before the end of the year. Coinbase intends to utilize Vector.fun's technology to enhance the types of tradable assets available to users by leveraging DEX on its platform.

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Federal Reserve's Williams: Expects to See a Period of Strong AI Growth

November 21st. Federal Reserve's Williams stated that the market appears to be extremely optimistic about artificial intelligence and anticipates witnessing a period of robust growth. (Xinhua News Agency)

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