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The crypto assets market has recently shown a continuous downward trend, with Bitcoin's price once falling below the $112,000 mark, and Ethereum also could not escape, dropping to $3,360. Meanwhile, some tokens have risen against the trend, with JOE and RSC increasing by 35% and 28% respectively, attracting the attention of investors.
In terms of the macroeconomy, Kuggler's sudden resignation may accelerate Trump's process of selecting the next Federal Reserve Chair, and this change could have profound effects on the financial markets.
In terms of regulation, the Hong Kong Monetary Authority issued a warning, reminding the public to be vigilant against fraudulent activities involving unlicensed stablecoins. The Monetary Authority emphasized that holding unregulated stablecoins carries risks, and investors must bear the associated responsibilities. This statement highlights the complexity and necessity of regulating Crypto Assets.
On the other hand, the well-known Crypto Assets investment firm Grayscale announced adjustments to the dividend distribution cycle of its BTCC and BPI products, changing it from once a month to once every two weeks. This change may be aimed at increasing the frequency of returns for investors and enhancing the attractiveness of the products.
The current crypto market is in a turbulent period influenced by multiple factors, and investors need to closely follow market trends and make prudent decisions.