7*24

Hot topic

Market

Activities

the Korea Financial Intelligence Analysis Institute held the first meeting of the "Specific Financial Information Revision TF" today, planning to expand the current "Travel Rule" applicable to virtual asset transfers over 1 million KRW to transactions below 1 million KRW, in order to strengthen anti-money laundering supervision.

[South Korea plans to lower the threshold for virtual asset "location rules" to below 1 million won.]the Korea Financial Intelligence Analysis Institute held the first meeting of the "Specific Financial Information Revision TF" today, planning to expand the current "Travel Rule" applicable to virtual asset transfers over 1 million KRW to transactions below 1 million KRW, in order to strengthen anti-money laundering supervision.

South Korea plans to lower the threshold for virtual asset "location rules" to below 1 million won.

Moneyfarm analyst Richard Flax said in a report that the US economy is expected to achieve robust growth in 2026. He said that significant investment in the artificial intelligence industry, the Federal Reserve lowering interest rates, and government support may promote economic growth. This growth is expected to boost the earnings of American companies. Richard Flax stated: "The macroeconomic backdrop seems favorable, although this largely depends on the continued momentum of AI investment."

[Institution: US economy expected to achieve strong growth in 2026]Moneyfarm analyst Richard Flax said in a report that the US economy is expected to achieve robust growth in 2026. He said that significant investment in the artificial intelligence industry, the Federal Reserve lowering interest rates, and government support may promote economic growth. This growth is expected to boost the earnings of American companies. Richard Flax stated: "The macroeconomic backdrop seems favorable, although this largely depends on the continued momentum of AI investment."

Institution: US economy expected to achieve strong growth in 2026

HTX data showed that BTC fell below 87000  USDT and is now at 86998.0 USDT, with a decrease of 0.95% in 24H.

[BTC fell below 87000  USDT] HTX data showed that BTC fell below 87000  USDT and is now at 86998.0 USDT, with a decrease of 0.95% in 24H.

BTC fell below 87000  USDT

&nbsp;the Hong Kong Monetary Authority has confirmed that starting from January 1, 2026, it will fully implement new bank capital regulations in Hong Kong based on the Basel Committee on Banking Supervision's crypto asset regulatory standards. The crypto assets defined by the Basel Committee are private "digital assets" that mainly rely on cryptography and distributed ledger technology or similar technologies. "Digital assets" are defined as a form of digital value that can be used for payment, investment purposes, or to obtain goods or services. Not only Bitcoin, Ethereum, and others fall under the crypto assets defined by the Basel Committee, but RWA, stablecoins, and others are also included.

[Hong Kong will fully implement new bank capital regulations based on Basel Committee's encryption regulatory standards on January 1.]&nbsp;the Hong Kong Monetary Authority has confirmed that starting from January 1, 2026, it will fully implement new bank capital regulations in Hong Kong based on the Basel Committee on Banking Supervision's crypto asset regulatory standards. The crypto assets defined by the Basel Committee are private "digital assets" that mainly rely on cryptography and distributed ledger technology or similar technologies. "Digital assets" are defined as a form of digital value that can be used for payment, investment purposes, or to obtain goods or services. Not only Bitcoin, Ethereum, and others fall under the crypto assets defined by the Basel Committee, but RWA, stablecoins, and others are also included.

Hong Kong will fully implement new bank capital regulations based on Basel Committee's encryption regulatory standards on January 1.

according to documents from the U.S. Securities and Exchange Commission (SEC), Intel (INTC.O) sold 214.8 million shares to Nvidia (NVDA.O), with the transaction amounting to 5 billion USD. Intel stated that the issuance and sale were conducted pursuant to the securities purchase agreement signed on September 15, 2023.

[Intel sells 214.8 million shares to Nvidia in a deal worth $5 billion.]according to documents from the U.S. Securities and Exchange Commission (SEC), Intel (INTC.O) sold 214.8 million shares to Nvidia (NVDA.O), with the transaction amounting to 5 billion USD. Intel stated that the issuance and sale were conducted pursuant to the securities purchase agreement signed on September 15, 2023.

Intel sells 214.8 million shares to Nvidia in a deal worth $5 billion.

&nbsp;pre-market US stock cryptocurrency concept stocks are mixed, among them: ·MSTR down 0.03%; ·COIN down 0.16%; ·HOOD down 0.74%; ·SBET up 0.67%; ·BMNR down 0.11%; ·CRCL down 1.35%.

[Cryptocurrency stocks were mixed in pre-market trading in the US, with CRCL down 1.35%.]&nbsp;pre-market US stock cryptocurrency concept stocks are mixed, among them: ·MSTR down 0.03%; ·COIN down 0.16%; ·HOOD down 0.74%; ·SBET up 0.67%; ·BMNR down 0.11%; ·CRCL down 1.35%.

Cryptocurrency stocks were mixed in pre-market trading in the US, with CRCL down 1.35%.

&nbsp;according to Whale Alert monitoring, the USDC Treasury burned and minted approximately 98,469,098 USDC on the Solana and Ethereum chains respectively.

[The USDC Treasury was destroyed on the Solana chain and approximately 98,470,000 USDC were minted on the Ethereum chain.]&nbsp;according to Whale Alert monitoring, the USDC Treasury burned and minted approximately 98,469,098 USDC on the Solana and Ethereum chains respectively.

The USDC Treasury was destroyed on the Solana chain and approximately 98,470,000 USDC were minted on the Ethereum chain.

according to OnchainLens monitoring, a whale address that previously sold 255 BTC has opened a Bitcoin short position again, using 10x leverage, currently valued at 36 million USD, involving 409.58 BTC.

[A major whale has opened another $36 million short position in Bitcoin.]according to OnchainLens monitoring, a whale address that previously sold 255 BTC has opened a Bitcoin short position again, using 10x leverage, currently valued at 36 million USD, involving 409.58 BTC.

A major whale has opened another $36 million short position in Bitcoin.

&nbsp;UBS on Monday raised its gold price target for the first three quarters of 2026 to $5,000 per ounce and expects the gold price to fall back to $4,800 per ounce by the end of 2026, higher than the previous forecast of $4,300 per ounce. The bank expects that supported by low real yields, ongoing global economic concerns, and domestic policy uncertainties in the United States (especially related to midterm elections and rising fiscal pressures), gold demand will steadily increase in 2026. UBS stated in the report: "If political or financial risks increase, the gold price could climb to $5,400 per ounce (previously expected at $4,900 per ounce)."&nbsp;

[UBS: Raises gold price forecast, expects it to reach $5,000 next year.]&nbsp;UBS on Monday raised its gold price target for the first three quarters of 2026 to $5,000 per ounce and expects the gold price to fall back to $4,800 per ounce by the end of 2026, higher than the previous forecast of $4,300 per ounce. The bank expects that supported by low real yields, ongoing global economic concerns, and domestic policy uncertainties in the United States (especially related to midterm elections and rising fiscal pressures), gold demand will steadily increase in 2026. UBS stated in the report: "If political or financial risks increase, the gold price could climb to $5,400 per ounce (previously expected at $4,900 per ounce)."&nbsp;

UBS: Raises gold price forecast, expects it to reach $5,000 next year.

Francine McKenna is a lecturer in financial accounting at The Wharton School at the University of Pennsylvania. She currently produces a newsletter, The Dig, about public and pre-IPO companies.
The first red flag anyone receiving these reports should have seen is that there were two different audit firms producing them. The choice of firms itself is questionable. These are two small outfits, not even on the next tier to the Big Four global audit firms – Deloitte, Ernst &Young, KPMG and PricewaterhouseCoopers. Armanino and Prager Metis do audit a few public companies but none of the size or complexity of FTX. Because the firms are so small, the audit regulator, the Public Company Accounting Oversight Board (PCAOB), inspects them only once every three years.
The second red flag for any reader of the 2021 audit reports is that neither the Armanino nor the Prager Metis audit reports for 2021 provides an opinion on the FTX US or FTX Trading internal controls over accounting and financial reporting.
The third red flag is, despite a combination of enormous siphoning off of firm assets by related parties and favorable tax planning, neither FTX Trading nor FTX US paid any federal income taxes, although they both appeared to be profitable. 
The biggest red flag for preparers and readers of the audited financial statements should have been the number of complex, roundtrip and utterly confounding related-party transactions documented in just these two years.

Detail

【Penn Wharton accountant lists multiple red flags for FTX before collapse】Francine McKenna is a lecturer in financial accounting at The Wharton School at the University of Pennsylvania. She currently produces a newsletter, The Dig, about public and pre-IPO companies.
The first red flag anyone receiving these reports should have seen is that there were two different audit firms producing them. The choice of firms itself is questionable. These are two small outfits, not even on the next tier to the Big Four global audit firms – Deloitte, Ernst &Young, KPMG and PricewaterhouseCoopers. Armanino and Prager Metis do audit a few public companies but none of the size or complexity of FTX. Because the firms are so small, the audit regulator, the Public Company Accounting Oversight Board (PCAOB), inspects them only once every three years.
The second red flag for any reader of the 2021 audit reports is that neither the Armanino nor the Prager Metis audit reports for 2021 provides an opinion on the FTX US or FTX Trading internal controls over accounting and financial reporting.
The third red flag is, despite a combination of enormous siphoning off of firm assets by related parties and favorable tax planning, neither FTX Trading nor FTX US paid any federal income taxes, although they both appeared to be profitable. 
The biggest red flag for preparers and readers of the audited financial statements should have been the number of complex, roundtrip and utterly confounding related-party transactions documented in just these two years.

Penn Wharton accountant lists multiple red flags for FTX before collapse

Arizona lawmaker proposes barring taxes on crypto and blockchain

The 'Execution Line' Sweeping the Internet: The Shattering of the American Dream, The Awakening of the Crypto Dream

Here’s How The Largest XRP Treasury Company Has Fared In 2025

Why Bitcoin Briefly Hit $24,000 on Binance — and Why It Didn’t Matter

Bitcoin’s Long Game Is Winning, Even If The Short Term Looks Messy—CEO

Bitcoin – All about the liquidity signals that are hinting at a price recovery in 2026

Bitcoin Mining Difficulty Rose 35% In 2025, Data Shows

Bitcoin Ends Q4 In The Red, Bear Market May Persist For 2–3 Months

Luke Gromen: Why I Sold Most of My Bitcoin by the End of 2025

In 2025, These Ten Billionaires Saw Their Wealth Soar by $730 Billion

Article

DeBot has released a compensation registration form and will fully reimburse affected users.

XMR broke through 450  USDT

night soared to 0.0916 USDT, a new high with a 24-hour increase of 2.77%. It currently trades at 0.08799 USDT on HTX.

BTC broke through 88000  USDT

BTC broke through 89000  USDT

ETH broke through 3000  USDT

BTC broke through 90000  USDT

CME Group: The probability of a rate cut in January has fallen below 18%.

night currently trades at 0.09578 USDT, up 10.47% in 24h, according to HTX market data.

Data: In the past 24 hours, a total of $177 million in positions were liquidated across the entire network, with $44.2198 million in long positions and $132 million in short positions liquidated.

Penn Wharton accountant lists multiple red flags for FTX before collapse

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

Articles connexes

Tous les commentaires0RécentPopulaire

Sujets d'actualité

Articles connexes