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Chief Executive of the Hong Kong Special Administrative Region John Lee: We will enrich gold investment tools and assist issuers in issuing gold funds and tokenized gold investment products.NIO (09866.HK) rose by more than 10% near midday.On September 17, Hong Kong Chief Executive John Lee delivered his 2025 Policy Address in the Legislative Council. Lee stated that Hong Kong will collaborate with exchanges in the Greater Bay Area to develop new businesses such as commodity trading and carbon trading. The Hong Kong Stock Exchange, as the controlling shareholder of the Qianhai United Trading Center, will continue to strengthen cooperation between the two places to develop the offshore soybean spot market. CoreClimate, the Hong Kong Stock Exchanges carbon market, will also conduct research and trials on cross-border trading and settlement with the Greater Bay Area pilot carbon market.On September 17, Hong Kong Chief Executive John Lee delivered a new policy address in the Legislative Council of the Hong Kong Special Administrative Region. John Lee stated that the HKMA will establish a new RMB funding arrangement.Hong Kong Chief Executive John Lee delivered his latest Policy Address in the Legislative Council today (17th). Lee stated that the SAR Governments Financial Services and the Treasury Bureau (FSTB) is exploring further collaboration with Shenzhen and Qianhai to promote digital finance development and support the deep integration of technology and finance between Shenzhen and Hong Kong, respectively. Relevant measures are expected to be announced this year.

An ETH Return to $1,350 Would Signal a Breakout Afternoon Session

Lorna Divakar

Sep 27, 2022 16:19

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Bitcoin (BTC) decreased by 0.62% on Sunday. BTC lost 1.89% on Saturday before dropping 3.10% at the end of the week to $18,817.


BTC reached a morning high of $19,188 after a positive start to the day. BTC fell to a late low of $18,646 after failing to pass the First Major Resistance Level (R1) at $19,226. At $18,733, BTC breached the First Major Support Level (S1) before closing the week at $18,817.


On Sunday, Ethereum (ETH) fell by 1.67%. ETH lost 0.75% on Saturday before falling 3.00% for the week to $1,295.


After a bullish morning, ETH increased to a high of $1,337 before going back down. As ETH fell to a late low of $1,269, it fell short of the First Major Resistance Level (R1) at $1,342.


Prior to a partial rebound to $1,295 in price, ETH breached the First Major Support Level (S1) at $1,299 and the Second Major Support Level (S2) at $1,281.


After breaking away from the NASDAQ 100 on Thursday and Friday, investor worries over the weekend led to the market's decline in BTC, ETH, and overall. The expectation of a successful decision in the SEC v. Ripple (XRP) case did not act as a buffer.


The Fed's monetary policy, the economic outlook, and regulatory uncertainty all continue to be obstacles.


The crypto market cap increased by $1.11 billion, or 0.12%, to $887 billion this morning, while the NASDAQ 100 Mini was down 57.75 points.


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