If really 98k that means the whales must be dumping.

It's always a high risk higher return choices when buying Bitcoin. During 76k I hesitate to buy, dunno why my mind was clouded even though my Puak Puay to my Gods Goddess say can buy but I didn't.

Need go temple first & Puak Puay ask Gods Goddess whether can or not to buy. Market situation nowadays scary, not sure those ATH is real or just bubbles.

Good advice there thanks 👍

Anyone else bought the dip ? I don't dare at all. My Puak Puay tells me next month can't make money if buy now. That's why I didn't buy

Hong Kong is hosting Bitcoin Asia 2025



Zhou Xiaochuan stresses need for vigilance to prevent digital currencies being used for excessive speculation

Former Chinese central bank governor Zhou Xiaochuan has urged a more measured tone amid a global surge of interest in stablecoins, calling for a “multidimensional assessment” of their genuine utility and the systemic risks they may pose.

The United States and Hong Kong are rolling out regulatory frameworks for the asset, and speculation has been growing about the likelihood of Beijing following suit by introducing yuan-backed stablecoins in a bid to further internationalise its currency.

“We need to be vigilant against the risk of stablecoins being excessively used for asset speculation, as misdirection could trigger fraud and instability in the financial system,” Zhou said at a closed-door China Finance 40 Forum (CF40) seminar last month, according to an article published on Wednesday by the think tank, whose membership includes senior Chinese regulatory officials and financial experts.

He warned that some industry players could leverage the hype around stablecoins to boost their valuations, focusing on cashing out rather than the profitability or sustainability of the stablecoin business, which would be “detrimental to the healthy development of the financial system” and could lead to the accumulation of “systemic risks”.

The article, which compiled Zhou’s comments at the seminar, said that some current discussions on stablecoins were based on a single perspective, and there needed to be a “multidimensional, multi-perspective assessment” instead.

Stablecoins, digital currencies pegged to fiat currencies or reserve assets such as gold, have become a hot topic in global economic debate. They aim to combine the efficiency of digital assets with the reliability of traditional money and are part of the broader trend of tokenisation in the financial sector.

In the article, Zhou urged a “careful assessment of the true demand of tokenisation as a technological foundation”, noting that centrally managed account-based systems have demonstrated strong applicability, with insufficient evidence for making the case that they should be entirely replaced with fully tokenised solutions.

“Although many believe stablecoins will reshape the payments system, in reality, there is little room to cut costs in the current system, particularly in retail payments,” he added.

But he also noted regional differences, comparing China’s already highly efficient and low-cost retail payment system, in which digital forms of payment play a key role, with the American system, which has long relied on credit cards and may still have room to reduce costs.

In July, the US set a regulatory framework for dollar stablecoins that US President Donald Trump signed into law. Hong Kong’s Stablecoin Ordinance took effect on August 1.

Eric Trump, the second son of Donald Trump, is attending the two-day Bitcoin Asia 2025 conference, beginning in Hong Kong on Thursday, as a headline speaker. The event is the regional edition of the Bitcoin Conference, one of the world’s largest cryptocurrency events.

“Stablecoin issuers … can in effect ‘print money’ through their coins, but without a deep understanding of monetary policy, macroeconomic regulation, or public infrastructure responsibilities, they may lack sufficient discipline, potentially leading to uncontrolled issuance, high leverage and instability,” Zhou cautioned.

He flagged major concerns from central banks: that issuers may mint more coins than they hold in reserve, or that circulation could swell to exceed the actual backing, warning that while US and Hong Kong legislation had started to address such risks, controls remained “noticeably insufficient”.

On the potential risk of price manipulation, Zhou added that existing regulatory frameworks “have yet to prove reassuring”.

He urged researchers and practitioners to take a careful, multi-angle look at stablecoins and their practical uses, while “avoiding the use of loose concepts, data, or one-sided thinking”.

“Only by weighing all key dimensions comprehensively can the market’s direction be better guided,” Zhou said.

At the Lujiazui Forum in Shanghai in June, Zhou, the architect of many of China’s early financial reforms, noted that US dollar-backed stablecoins could accelerate the “dollarisation” of the international monetary system.

Currently, more than 99 per cent are backed by the US dollar or dollar-denominated assets – far outstripping US currency’s roughly 50 per cent share in global payments and 58 per cent share in global foreign exchange reserves.

CZ says Hong Kong can be Bitcoin hub like USA & UAE



Zhao Changpeng advocates for quick policy changes, as Hong Kong seeks to become a virtual asset hub while minimising financial risks

Hong Kong has the conditions to become a major hub for virtual assets, rivalling markets like the US and the United Arab Emirates (UAE), but the city’s regulators must act swiftly to realise its potential, according to Zhao Changpeng, founder and largest shareholder of cryptocurrency exchange Binance.

In an exclusive interview with the South China Morning Post on Friday, Zhao, widely known as CZ, said the Hong Kong government had shown a “very clear attitude towards embracing Web3” and had the capability to move quickly.

“We shouldn’t evaluate a place’s future potential based on its current status,” said the 48-year-old entrepreneur, regarded as the wealthiest individual in the crypto industry and ranked by Forbes as the 22nd richest person in the world, with a personal net worth of US$74.7 billion. “We should assess it based on the speed of change.”

There’s nothing magical about what the US, UAE or other countries are doing,” he said. “Maybe tomorrow, there could be a meeting in Hong Kong where [officials] say, ‘Look, we’re going to change some things.’”

One immediate change that Zhao suggested was to expand the range of cryptocurrencies permitted for trading on licensed exchanges in Hong Kong beyond the current four – bitcoin, ether, avalanche and chainlink. He said those options were “not enough” and advocated for a model similar to Japan’s, which allows exchanges to determine which tokens can be traded.

Binance has not applied for a licence to operate a cryptocurrency exchange platform in Hong Kong, which currently hosts 11 licensed virtual asset trading platforms.

While he no longer manages Binance due to an agreement with the US government, Zhao said he regularly advised regulators from a dozen countries and regions. He described Hong Kong’s regulatory framework as leaning towards the “conservative” end, as authorities “don’t want to make any mistakes”.

His comments come as Hong Kong seeks to balance its aspirations as a virtual asset hub with the need to minimise financial risks.

The city’s stablecoin ordinance, effective since August 1, imposes strict requirements regarding reserve management, client identification and anti-money-laundering, which has dampened earlier enthusiasm for the regulation.

Zhao acknowledged that stablecoin concepts had become “a bit too hot”, which prompted the government to take a step back. However, he said the conservative approach was reasonable: “When going from no regulation to regulation … most regulators would tend to err on the cautious side.”

Zhao, who was born in China and moved to Canada with his parents at age 12, has become one of the most prominent figures in the global crypto industry. He resigned as CEO of Binance in November 2023 after pleading guilty to money laundering charges in the US, and served four months in prison before his release in September 2024.

Following Donald Trump’s re-election, the Securities and Exchange Commission dropped its lawsuit against Zhao. The Binance founder said he was happy with the US president’s evolving stance on crypto, but denied any direct business ties to the Trump family.

“I have never spoken with President Trump. I have never met him,” Zhao said. As for the president’s second-born son, Eric Trump, who is attending the Bitcoin Asia event in Hong Kong, Zhao said they had only met in group settings.

Zhao – who made a life-changing decision in 2014 to sell his Shanghai flat and invest everything in bitcoin – remained optimistic about crypto and blockchain technology.

He said blockchain adoption was still in its “infancy”, likening its current state to internet use in 2000. There would be explosive growth in daily applications as more people use multiple artificial intelligence agents, Zhao said, referring to software that uses AI to perform tasks autonomously on behalf of users and other systems.

Zhao said he was content with his current role as a “backbench coach”, advising on entrepreneurship and helping to develop the increasingly popular BNB Chain, a blockchain network hosting 4,000 projects.

Zhao pointed out that he did not own shares in most of the projects on BNB, although he is the largest owner of BNB tokens, holding nearly two thirds of the circulating supply.

Still, Zhao downplayed any perceived threat that BNB Chain may pose to traditional banking systems. “If we use an old term like ‘banking’ to describe a new industry, we need to be careful,” he said. “It’s similar to trying to categorise the internet – while it is similar to magazines or radio, it is still different.”

This post has been edited by Syok Your Mom: Aug 29 2025, 08:00 AM

Puak Puay again yesterday ask the Gods Goddess whether if buy now next month can profit or not. First answer already NO. So don't dare buy anything.

When "good" News liked this is published, that means the price pretty much is going South.



A bitcoin company tied to US President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons’ stake at well over US$1.5 billion as the first family grows their crypto business interests.

Shares in American Bitcoin, a bitcoin miner, soared as high as US$14.52 on its first day of trade on the Nasdaq, before pulling back to be up 16.5 per cent at US$8.04 by the end of the day.

The company was around 20 per cent owned by Eric Trump and Donald Trump Jnr, American Bitcoin executive chairman Asher Genoot said in a previous interview.

This values their stake in American Bitcoin at US$1.5 billion at the close of trade, based on 908.6 million outstanding shares that American Bitcoin said it had in a September 2 stock exchange filing. The highest price struck by the stock on Wednesday valued their stake at US$2.6 billion

Crypto ventures have become an important driver of growth and potential windfall profits for the president’s family, where the family business – The Trump Organisation – had in the past focused on building and running real estate projects and golf courses.

Crypto is exploding,” Eric Trump said in an interview on Wednesday. “I would be saying right now, the crypto space is at least 50 per cent of what I’m doing.”

The Trump family’s forays into crypto have drawn criticism from Democratic lawmakers and government ethics watchdogs about conflicts of interest. Critics said the Trump family was profiting from crypto at the same time the president was easing regulations and enforcement on the industry.

Eric Trump, the second son of Trump, dismissed such criticisms on Wednesday as “insane”.

My father has absolutely nothing to do with this venture,” Eric Trump said. “He’s is running a nation. He’s not involved in our businesses in any way, shape or form.”


Eric Trump, who holds the titles of co-founder and chief strategy officer at American Bitcoin, described his role at the company as akin to a spokesman.

Crypto had a very bad voice for a long time. They really had a hard time communicating a message,” Eric Trump said. “I think I’ve become one of the great spokespeople for crypto over the last, call it, you know, 12 to 18 months,” he said.

I think I’ve been able to put a great voice on that, not just here in the US, but worldwide.”

Donald Trump has promised to be the “crypto president”, saying he backs the asset class because it can improve the banking system and increase the dominance of the US dollar.

In line with his family’s growing crypto interests, Eric Trump has travelled internationally this year to cities including Dubai, Hong Kong and Tokyo to rally foreign support for the crypto industry.


The Trump family has launched a string of crypto ventures in the past year, from American Bitcoin to World Liberty Financial, and meme coins launched by Trump and his wife before the president’s inauguration in January.

World Liberty Financial, which debuted digital tokens known as $WLFI on Monday, has earned the first family around US$500 million since its launch last year, according to Reuters’ calculations.

Trump Media & Technology Group and Crypto.com agreed last month to a deal with a blank-check acquisition company to launch a new venture that would pursue a treasury-style strategy to buy the digital token CRO.

Hut 8, an energy infrastructure company that is also involved in bitcoin mining, owns about 80 per cent of American Bitcoin.

American Bitcoin said in a stock exchange filing on Wednesday it was also selling US$2.1 billion worth of shares, and planned to use the proceeds to buy bitcoin or bitcoin mining machines.

Guys I just Puak Puay again just now. Good news. The Gods Goddess say can profit next month if buy today.

Very possible to reach 500k again & beyond. Just patiently wait & see. Usually Bitcoin nearing end of the year is UUU.

Traders see a rate cut by the Fed next Wednesday as a sure thing, and even lay 8% odds on a super-sized half-point reduction, the CME Group's FedWatch Tool shows.

The final hurdles to those expectations will come on Wednesday and Thursday, in the form of producer and consumer inflation readings, respectively.

Analysts reckon that an upside surprise could spur investors to lighten bets on rate cuts later this year but is unlikely to meaningfully change expectations for September.

Global shares gained on Wednesday and the dollar steadied ahead of key U.S. inflation data which could impact the Federal Reserve's policy outlook, while geopolitical uncertainty lifted oil prices and kept gold near record highs.

The pan-European STOXX 600 rose 0.4% and equity futures pointed to a positive start on Wall Street, a day after the S&P 500 and Nasdaq posted new record closing highs.

FUTURES tied to the S&P 500 hit an all-time high on Wednesday, propelled by a surge in cloud computing firm Oracle, as investors awaited producer prices data due later in the day for insights into U.S. inflation.

Another key dataset, the U.S. consumer prices reading, is expected on Thursday.

Recent labor market data confirmed a slowdown in the U.S. jobs market, prompting traders to price in an at least 25-bps reduction in interest rates at the Fed's September 16-17 meeting.

August nonfarm payrolls data led traders to bet on a bigger-than-usual 50-bps reduction, with its probability standing at 8.2%, CME's FedWatch tool showed.

Markets will monitor August's producer prices report later on Wednesday to assess the impact of U.S. President Donald Trump's tariff policies on inflation, and whether it could help make the case for a jumbo 50-basis-point cut at the U.S. Federal Reserve meeting next week.

Just profit RM 296 from the sudden rally. My Gods Goddess tell me next month possible RM 500k to 600k from my Puak Puay. Tomorrow gonna lepak at kopitiam eat char koay teow with extra prawns & cockles.

HODL. It's going to be RM 500k again. Trust me.

“Despite the stickier U.S. inflation data, expectations of an imminent Fed rate cut may cushion downside risks, if any,” the research house said.

The FBM KLCI started Friday steady, taking cues from Wall Street’s record highs but still waiting for fresh local drivers.

Overnight, Wall Street indices closed at record highs. The S&P 500 rose 0.85% to finish at 6,587.47 points.

The Nasdaq gained 0.72% to 22,043.08 points, while the Dow advanced 1.36% to 46,108.00 points.

Gold price also UUU, good indicator for Bitcoin this month

Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concerns over a weakening U.S. labour market eclipsed inflation worries ahead of a widely expected Federal Reserve rate cut next week.

Spot gold was up 0.6% at $3,654.37 per ounce, as of 0211 GMT. The contract hovered near a record high of $3,673.95 touched on Tuesday. Bullion has gained 1.9% so far this week.

U.S. gold futures for December delivery were up 0.5% at $3,692.80.

"Now the market is looking for a high chance of at least three interest rate cuts before 2025 ends, which is much more than earlier projections from two months ago," OANDA senior market analyst Kelvin Wong said, adding that this is helping gold at the moment.

U.S. consumer prices rose 0.4% in August, the steepest monthly rise in seven months, while data on Wednesday showed an unexpected decline in U.S. producer prices in August.

Weekly jobless claims surged last week, underscoring a material softening in labour market conditions. This followed the U.S. employment report last Friday, which signalled job growth nearly stalled in August.

The Fed is widely anticipated to lower its key interest rate by 25 basis points on Wednesday, with a slim possibility of a 50-basis-point reduction, according to CME Fedwatch tool.

Non-yielding bullion, often considered a hedge against inflation and economic uncertainties, tends to perform well in a low-interest-rate environment.

"It's not far off from $3,700 ... so that could happen at any moment. In the short term, we see some resistance at about $3,900 according to our technical analysis, but long term, we feel that it is probably still heavily underowned by most institutions," said Ryan McIntyre, managing partner at Sprott Inc.

The yellow metal has risen about 39% so far this year, driven by a soft dollar, strong central bank buying, dovish monetary policy and heightened global uncertainty.

Elsewhere, spot silver rose 1.2% to $42.04 per ounce, platinum was up 0.7% at $1,388.85 and palladium gained 0.8% to $1,197.52. All three metals were set for a weekly rise. - Reuters

Asia EU USA shares UUU, good news for Bitcoins hodlers

SYDNEY: Asian share markets followed Wall Street higher on Friday as expectations for rapid-fire U.S. rate cuts promised to lower borrowing costs globally, a relief to stressed bond markets and a drag on the dollar.

The joy spread to European shares with the EUROSTOXX 50 futures, FTSE futures and DAX futures all up 0.2%. S&P 500 futures and Nasdaq futures were flat, having hit new peaks overnight.

Indexes in Japan, South Korea and Taiwan were all at or near record peaks, while Chinese stocks hit a 3-1/2 year high, spurred by extravagant expectations for AI-related earnings growth.

The U.S. consumer price report had been the last major hurdle to the Federal Reserve cutting interest rates next week, and it proved unthreatening, if a little firm.

Indeed, costs in the CPI that feed into the Fed's preferred measure of core personal consumption expenditures (PCE) were on the soft side, leading analysts at Citi to predict a steady reading of 2.9% for August.

"It's an encouraging reading for Fed officials preparing to engage in a series of rate cuts," said Veronica Clark, an economist at Citi.

"We continue to expect 125bp of rate cuts over the next five FOMC meetings, with growing risk that the Fed will continue cutting rates below 3%."

Markets continue to imply a 100% chance of a quarter-point cut to 4.00%-4.25% next week, and ramped up the probability of two further easings this year to around 90%.

The Treasury market has already eased in anticipation with 10-year yields down 20 basis points in the past two weeks, effectively a rate cut given mortgage rates are tied to yields in the United States.

That drop helped soothe concerns in some other major bond markets, particularly in Europe, pressured by political uncertainty and expanding fiscal burdens.

In Asia, Japan's Nikkei climbed 1.0% to another all-time high, bringing gains this week to 4.1%. South Korea added 1.3%, taking its weekly rise to almost 6%.

Chinese blue chips held steady, having hit the highest since early 2022, while MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.2%.

ECB IN A GOOD PLACE

In currency markets, the dollar was back at 147.40 yen , having briefly been as high as 148.20 the previous session. Japanese and U.S. finance ministers on Friday released a statement reaffirming that neither country would target currency levels in their policies.

The euro held at $1.1728, having got a modest fillip on Thursday when the European Central Bank kept rates unchanged and signalled it was in a "good place" on policy.

"This suggests the Governing Council is not inclined to ease in the absence of a large growth shock," said Greg Fuzesi, an economist at JPMorgan. "We have thus moved back our call for a final rate cut from October to December."

"We recognise the ECB might be done with cuts, but still think downside growth risks and the inflation outlook justify an easing bias."

After the meeting, ECB sources told Reuters the December meeting would be the most realistic time frame to debate whether another cut was needed to buffer the economy.

Markets imply only a one-in-five chance of a December easing, and around a 60% probability the ECB is done for this cycle.

In commodity markets, gold firmed 0.5% to $3,654 an ounce , just off the record top of 3,673.95 hit early in the week.

Oil prices were under pressure after the International Energy Agency predicted an even larger record oil surplus next year as OPEC continues to pump more product.

Brent dropped 0.6% to $65.91 a barrel, while U.S. crude eased 0.8% to $61.88 per barrel. - Reuters

Got lucky again this time with Solana, buy at RM 1016 today rally to 1038, sold & profit RM 700. Within 24 hours only.

Bitcoin keep going up & down non stop so I switched to Solana. The price went down at first but suddenly this middle morning it rally to RM 1038.

BTW there's an Solana ETF decision by SEC this middle of November. Possible the price might rally again. But I'm very happy with my RM 700 profit.

Cos I'm noob. I have binance account, but after government makes it difficult to top up binance from local bank account, I only use Luno.