Odaily News According to Onchain Lens, James Wynn has closed a 40x short position in Bitcoin, with a loss of $3,015.97, and opened a 40x long position in Bitcoin again.

Odaily News The Bank for International Settlements said that Trump's criticism of the Fed's interest rate decision does not threaten its independence. The global economic and financial system has entered a new era of increased uncertainty. No "worrying" signs related to the decline in the US dollar exchange rate have been found. The rise in protectionism and trade fragmentation are "particularly worrying." (Jinshi)

Odaily News Hong Kong Financial Services and the Treasury Bureau Secretary Paul Hui said on a TV program today (29th) that digital assets are the general trend, emphasizing that stablecoins are not a tool for making money, but a tool for financial development. Paul Hui said that currently financial activities are circulated through funds from different intermediaries or institutions, and stablecoins circulate on the blockchain, which will help improve the efficiency and speed of financial activities and make the real economy more efficient. When asked whether stablecoins may weaken international monetary sovereignty, Paul Hui said that the government fully understands the relevant risks and has a clear regulatory philosophy. It requires stablecoin issuers to have a certain amount of capital or reserves, and regulates the redemption time of stablecoins to ensure that buyers or institutions can redeem the currency. (Ta Kung Pao)

Odaily News SlowMist Yuxian posted on the X platform that Uniswap Card will collect the email address of user X, which means that the email address can be obtained, and the basic information such as IP and UA will definitely be collected. However, these privacy information are authenticated, and Uniswap does not do evil or leak it internally, so it is not a big problem, but we need to pay attention to various possible targeted phishing methods in the future.

Odaily News Minsheng Securities released a research report saying that, at least in the short term, stablecoins cannot save the dollar from a dire situation. The problem with the dollar is to figure out the counterparty. Regardless of the preferences of the U.S. and the public, the official overseas reserves alone may be enough to make the dollar nervous. The difference between stablecoins and gold is that, first, its supply may also get out of control and lack an objective constraint mechanism; second, it is not recognized globally as a reliable reserve asset. (Financial World)

Odaily News According to the latest report from Hana Financial Research Institute, 27% of South Koreans aged 20 to 50 hold crypto assets, which account for an average of 14% of their financial assets. Among them, the 40-year-old group has the highest holding ratio, reaching 31%. 70% of respondents plan to further increase their investment in the future, mainly due to growth potential, asset diversification and optimization of savings structure. The study also pointed out that Korean investors are shifting from short-term speculation to fixed investment and medium-term holdings, and are more dependent on formal platforms for obtaining information. Although market volatility remains a major concern, young people, constrained by employment and real estate pressures, have regarded crypto assets as their main investment outlet. (Cointelegraph)