News

According to ChainCatcher, on-chain analyst Ai Aunt (@ai 9684xtpa) monitored that a whale investor (wallet address 0xaFA...f7731) withdrew 150 WBTC from an exchange today, then staked them on the Aave platform and borrowed 6 million USDC, suspected to have bought another 150 WBTC. Currently, this investor has accumulated a long position in WBTC worth 25.75 million US dollars, with an average long entry price of 85,376.5 US dollars.

Jinse Finance reported that Paul Chan, Financial Secretary of the Hong Kong SAR Government, stated in his blog that, due to geopolitical situations, global investors are reassessing the risks of their asset portfolios, adjusting investment strategies, and diversifying risks, making Hong Kong a safe haven for capital. After a 7% increase in total bank deposits in Hong Kong last year, this year has seen a further rise of over 10%, exceeding HKD 19 trillion; IPO fundraising activities are leading globally, the wealth management industry is booming, and financial cooperation with various parts of the world continues to deepen, all reflecting international capital's favor towards the Hong Kong market. Since the beginning of this year, several major IPOs have attracted many cornerstone investors from the West and even the Middle East. Recently, many international financial leaders attending conferences in Hong Kong have stated that their institutions are planning to increase hiring and expand their operations in Hong Kong.