PANews reported on November 15 that, according to the official website of the Hong Kong Securities and Futures Commission (SFC), the SFC has added a virtual asset trading platform called "HKTWeb3" to its list of suspicious virtual asset trading platforms. The SFC pointed out that the platform has not obtained a license from the Hong Kong SFC. Its website claims to cooperate with a virtual asset trading platform licensed by the SFC, but the platform has confirmed that it has no relationship with HKTWeb3.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
