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Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance

Abstract: BNB is actively undertaking the opening-up strategy of Coin An, becoming a bridge for the Coin An ecosystem.Image sourced from the internetOn April 18th, Coin An completed the BNB destruction work in Q1 2020, destroying a total of 3.37 million BNBs worth $52.47 million. The number of destroyed BNBs increased by 52% compared to the previous quarter and 306% compared to the same period last year. 3.37 million BNB, also setting a historic high for the quarterly destruction of Coin An.According to the mechanism of "destroying 20% of quarterly profits" by Coin An, it can be inferred that:In the first quarter of 2020, the profit of Coin An was 262 million US dollars, approximately 1.85 billion RMB.Among them, it is particularly important to pay attention to changes in the market environment. Under the impact of the epidemic, global production and life have stagnated, consumption levels have fallen to freezing point, and financial markets are filled with lamentations. The U.S. stock market has four circuit breakers in 10 days, and the yield of the 10-year U.S. treasury bond bond hit 0.4%, a new 150 year low. Gold with its own risk aversion attribute was sold due to the lack of liquidity. The cryptocurrency market has also suffered a bloodbath, with Bitcoin almost halving and falling below $4000 in the short term.The global economic performance showed a significant decline in the first quarter. China's GDP in the first quarter of 2020 decreased by 6.8% year-on-year, and the overall performance of the US banking industry was poor. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley, and Goldman Sachs' net profit in the first quarter decreased by 69%, 45%, 46%, 89%, 30%, and 46% year-on-year, respectively.The epidemic has not seen a turning point, and no one can say the market changes in the second quarter. However, in the crypto asset industry, Bitcoin is rapidly recovering from the epidemic and regaining its position at $7000. As the seventh largest crypto asset market in the world, BNB has not only withstood the impact of the epidemic but also demonstrated strong resilience by connecting the entire crypto security ecosystem network, ultimately presenting a "quarterly report" that exceeded industry expectations.Exploring the underlying reasons may largely fall on the series of actions taken by Coin An to "build a complete ecological chain and empower BNB".Coin An's "Open" WorldviewAs a leading enterprise in the field of encrypted assets, Coin An has been pondering how to use its global advantages to connect the upstream and downstream of the industry, so that the value of BNB can flow along the industry chain and ultimately affect the long tail users of the industry.CoinMarketCapCMCCoin An's "Open" Worldview

According to CCN, the cryptocurrency transaction Binance has reached a partnership with real estate auctioneer James Pratt Auctions (JPA) and will be able to use BTC and BNB (Taiwan Dollar Anping) to pay for home auctions next month.On April 8, 2019, consumers can use BTC or BNB to participate in the auction for a luxury seaside villa called 'The Jetsons' in Casuarina, New South Wales, Australia

On the evening of May 13th, it was reported that Coin An was facing investigation by the US Department of Justice and the Internal Revenue Service. Binance has previously stated to the public that Binance

BTC has experienced significant fluctuations recently, how will it develop in the future? This is one of the important issues that the market is currently paying attention to. This article explores the May market trend of Bitcoin from the perspectives of halving its cycle, macroeconomic analysis, on chain data, and geopolitical situation

Yesterday, the high point of the big cake BTC was 29900 points, closing at 29149 points, with an amplitude of 8.94% and a decrease of 2

After the daily candlestick closed above $29.3k on Thursday, Bitcoin prices ensured a bullish outlook

The Hong Kong Securities Regulatory Commission will introduce a mandatory virtual asset trading platform (VASP) licensing system starting from June 1 this year, and plans to open up retail investors to invest in virtual assets. The Hong Kong Securities Regulatory Commission recently stated that it will release licensing guidelines for virtual asset trading platforms next month.After the formal implementation of the new virtual asset platform licensing system, all virtual asset exchanges operating in Hong Kong or promoting services to Hong Kong investors, regardless of whether they provide securities based token trading services, must obtain licensing from the Hong Kong Securities Regulatory Commission and be subject to its supervision.Conducting any unlicensed activities is a criminal offense.On April 26th, the Chief Executive of the Hong Kong Securities Regulatory Commission, Leung Fung yi, stated during an event that it is expected to introduce licensing guidelines for virtual asset trading platforms in May. During the previous consultation process, more than 150 feedback opinions were received.The main suggestion of consultation is to open up licensed platforms to provide services to retail investors. Zhitong Finance has learned that according to previous policies, platform operators can only provide services to professional investors with a funding threshold of up to HKD 8 million, and ensure that their customers fully understand virtual assets. In addition, licensed platforms will be included in the regulatory sandbox of the China Securities Regulatory Commission and will be subject to close and rigorous supervision for a period of time.On December 16, last year, the ETF based on Bitcoin and Ethereum futures launched by Southern Dongying Asset Management Co., Ltd. was officially listed on the Hong Kong Stock Exchange, marking Hong Kong becoming the world's first market to provide Ethereum futures ETF and the first market in Asia to provide Bitcoin futures ETF. Under the latest proposed trading platform system, retail investors can directly participate in Bitcoin and Ethereum trading on regulated platforms in the future.In fact, the licensing procedures for virtual asset transactions in Hong Kong have always been very strict. Under the existing system, only two encryption platforms are licensed - OSL (OSL DigitalSecurities Limited) and HashKey (HashBlockchain Limited).(Image source: Hong Kong Securities Regulatory Commission)According to media reports,Huo Coin, OKEXBoth parties have expressed their intention to apply for an exchange license in Hong Kong and have established an office in Hong Kong.Additionally, the Singapore basedDBS Silverthat 's okIt also stated its intention to apply for relevant licenses in Hong Kong to provide cryptocurrency services to local customers.that 's ok12 month transition period arrangementThe Hong Kong Securities and Futures Commission stated that considering that platform operators licensed under the Securities and Futures Ordinance may need to modify their systems and monitoring measures to comply with the new regulations, a transition period of 12 months has been proposed.The China Securities Regulatory Commission stated that, Anyone who engages in the business of providing virtual asset services or shows that they operate the business must apply for a license from the Securities and Futures Commission. The existing virtual asset trading platform has been provided as a licensed arrangement, so that they can continue to operate in Hong Kong after the implementation of the virtual asset service provider system under the Anti Money Laundering Ordinance. It must be within the period from June 1, 2023 to February 29, 2024, in accordance with the Anti Money Laundering Ordinance The virtual asset service provider system under is to submit fully completed license applications online. If the SFC considers that the relevant license application meets the conditions for licensing, the virtual asset trading platform will automatically be deemed to have been licensed from June 1, 2024 This passage may sound quite convoluted, but to put it bluntly, the two companies that have already been licensed need to comply with the new regulatory requirements within the prescribed transition period.As for the original virtual asset trading platform, if it has no intention of applying for a license, it should start preparing to end its business in Hong Kong in an orderly manner, with a deadline of May 31, 2024.Fierce business of virtual insurance companiesAccording to the consultation document of the Hong Kong Certificate Authority,The platform that applies for a license must insure the customer's assets.Liang Fengyi also told the media that the Hong Kong Securities Regulatory Commission is in discussions with the Insurance Regulatory AuthorityThe cost of purchasing insurance for customer assetsOther matters.OneDegree Group

Cailian News Agency, April 28th (Editor Zhou Ziyi)Billionaire investor and founder of Bridgewater Fund, Ray Dalio, recently stated that the trend of Bitcoin is not reliable. Compared to Bitcoin, Dario seems to prefer gold

Political turmoil and the increasing popularity of cryptocurrencies have shaken the dominant position of the US dollar in the global financial system. The recent debt ceiling crisis has exposed the weakness of the US economy and started searching for alternatives to the US dollar

At present, when entering the Twitter homepage website, the iconic Blue Bird logo in the middle has been replaced with the Dog Coin logo. Musk also tweeted with a meme that the Twitter Blue Bird logo is already an old photo

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