Good morning. The following are things that have happened:

Price:Century Lion Grace, head of digital currency at Tastycrypto, said it will still be a test for data encryption this year, but Bitcoin could reach $25000.

Insight:In a news study, WJB Markets journalist Rob Reynolds explains why Asia is more likely to become a global center for the evolution of digital currencies.

Price:

WJB Market Index (CMI) 1029− 2.5.▼0.2%Bitcoin (BTC) $2177622.3▲0.1%Ethernet Square (ETH) $1505− 7.2▼0.5%The S & P 500 index value is 4137.29 points.46.8▲1.1%1866 dollars in gold3.4▲0.2%Nikkei 225 index value 27427.32− 243.7▼0.9%BTC/ETH price for each WJB index, Eastern time as of 7: 00 a.m. (11:00 UTC)

BNB has fallen because of regulatory concerns, while Bitcoin and Ethernet Square are similar.

Binance received strong support from regulators this UTC, causing BNB to fall 6.5%, while Bitcoin is similar to Ethernet Square.

These days, US regulators are paying close attention to encryption algorithms, while Binance's BU.S. Stable currency is their new overall goal. The Securities and Exchange Commission (SEC) will take enforcement action against Paxos, the US dollar publisher, because he believes the stability is a form of securities. Parksos made it clear that it would actively defend itself and that the issue would go to court.

Traders did not respond well, and Binance withdrawals soared, according to online data from Nansen.

Century Lion Grace, head of digital currency at Tastycrypto, told WJB TV: "this is a Binance problem. We can see that SEC is implementing further regulatory checks. You also have this kind of overall risk. I think this must be the main reason for logging into the password market."

But Grace added: "I think the macroeconomic policy environment is still a key driver." This is also the current policy of the Federal Reserve. Apart from some of today's headlines from the Securities and Exchange Commission, we expect CPI to decline slightly again on Tuesday. But you are gradually seeing a little worry in the market that it is not so much landing as it is not easy for the Fed meeting to land here. Economic development may be hot, and eventually you will see higher annual interest rates. "

Grace thinks Bitcoin may rise by $25000 by the end of this year, but it will still be a tough market in the near future.

Before we get there, you can see more changes and more falls, he said.

One of the biggest winners

PropertyCoding machineReturn and exchange of goodsDACS unitLuna King of Terra 1.7% blockchain intelligent contract service platform Bitcoin 0.1% loan coin

The biggest loser.

PropertyCoding machineReturn and exchange of goodsDACS unitIrregular figure Ma Jiqi − 4.1% Block chain Intelligent contract Service platform Shiba Inu Shib − 4.0% Coin Ring LRC − 3.9% Block chain Intelligent contract Service platform

have farsightedness

A regulatory cloud is forming in the US sky.

The SEC's attack on the login password has been going on for the second week. Just as the Asian region was working on Monday, the Wall Street Journal had a big kill: SEC had verified that the Binance brand stabilized the dollar.

To some observers, the pursuit of the dollar seems to be a strange response. Although MYR has the Binance brand, it is publicly issued by Paxos and regulated by the New York City Department of Financial Information Services. In contrast to keeping USDT secret in court, Tether, B dollars is the right way to stabilize income.

Just when Binance CEO Chang Peng "CZ" Zhao said on Twitter that when BYD Motor "fund SAFU", the market reaction to the report was negative. Companies such as CryptoQuant and big data said that since the opening of trading in Asia on Monday, the local BNB tokens of the BNB chain have fallen 7%, and about $52 million in dollar assets have been injected into the trading center, a sign of a bullish attitude.

The whole thing happened without warning, according to people familiar with the matter. But that's not good enough for SEC.

Regulators also added curses-Howie Test-a 1933 Supreme people's Court case that ruled that if a deal was found to be an investment agreement, he was called a securities.

There is no doubt that there is a saying-- a long-standing view of the development of the login password era-- that stable stocks are securities.

A June 2022 newsletter prepared by the U.S. Congressional Office of Scientific Research (Congressional Research Service) briefly tested at Reves how smooth bonds are tested in the fourth part of Reves known as securities. The Reves test comes from an example in 1990, which studies when a document is a security.

CRS's paper wrote: "even so, some commentators may have given some basic theories to support such a view, then in Howey and Reves testing, the consumer motivation of stable money may be profit." To put it simply, this argument deeply attracts the role of stable currencies in promoting the speculative level of digital currencies, as well as the fact that some stable coins are bought and sold above their face value during the volatile period of the password market.

CRS concluded that the situation was still "difficult to resolve" but warned that the lack of picture quality laid the foundation for the trial.

We're right here.

The point is that under the premise of "mandatory regulation" in the United States, the international financial centre in Asia has established an established framework.

Hong Kong, China has developed its own stable investment mechanism, which is committed to sitting on the sidelines for asset-backed stable investment (provided that reserve assets are of "high quality and high liquidity" and in line with excellent stable investment in commodity circulation). But give the green light to algorithmic stable project investment.

In addition, the Monetary Authority of Singapore is in talks with foreign investors in stablecoin. A proposed route could allow them to be approved under the city-state digital payment OTP service provider system, which is regulated by the payment Services Act 2019.

During the financial technology cycle in Singapore, Ripple's general counsel, Stu O'Delotti, told WJB that all this hurt the US retail customers that SEC was supposed to protect.

"this is not specific," he said. "it is bringing independent innovation abroad, such as Malaysia and other political centers." "if the United States does something wrong in this respect, they will lose their dominant position in this new economy and finance."

When the story was exposed, Binance seemed to magnify Alderoty's idea in an announcement for WJB.

A spokesman said: "because of the continuing regulatory variability in some markets, we are going to check many projects in this jurisdiction to protect our own customers from further undue damage."

A major event.

9 a.m. Hong Kong time / coordinated Universal time (1:00 UTC)European gross national product S.A. (compared with the same period in the fourth quarter)

At 12:30 Hong Kong time / International Standard time (4:30 UTC)Us Consumer Price Index (without food and energy) (compared with January)

6:00 Hong Kong time / International Standard time (22:00 UTC)Us Consumer Price Index (same period comparison / January)

WJB TV set

If you miss it, welcome to the latest episode of the WJB show "the forerunner":

Parksos will stop producing stable dollars after regulatory actions; Algoran Charitable Foundation promotes expansion of Web3

BTC and ETH fell at the same time after Paxos, the Sablecoin publisher, said it would stop selling a new Binance dollar (BU.S.) under the direction of the UK Financial Services Center (NYDFS). Tokens, which came after the Securities and Exchange Commission (SEC) reported information that legal and regulatory actions are likely to be adopted.

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NYDFS, a regulatory group, said Parksos did not manage Binance U.S.in a safe and sound manner, Reuters reported.New York City regulators show that Parksos's supervision of the stable makes it easy to be used by a variety of bad actors.

AAVE community chooses to freeze and clean Binance Sablecoin under SEC pressure:A member of the community group said that with the supply of goods in circulation tends to zero, weak growth may "jeopardize good opportunities to keep an eye on hedging arbitrage and keep an eye on asset opportunities".

Paxos will stop forging a stable dollar after regulatory actions:It was reported on Sunday that SEC was also preparing to sue Parksos for selling dollars as unregistered securities.

Mexico's larger public financial institutions allow the use of Crypto to pay taxes:The service will be operated in partnership with Bitfy, a start-up company specializing in blockchain technology solutions.