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ChainCatcher news, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post titled "Consolidating Ties with Traditional Markets," in which he pointed out that every year, there are uncertainties in the global economic and market outlook, causing increased concerns about the risks facing international markets in the coming year. Although the global financial markets have generally performed well this year, the international gold price has reached a record high and some digital asset prices have experienced significant volatility, reflecting that global markets are accelerating the allocation of assets other than the US dollar to reduce risk. The rapid development of the Guangdong-Hong Kong-Macao Greater Bay Area is an opportunity that global investors cannot afford to miss. The strong interest in diversified asset allocation among people in the region is one of the main driving forces for Hong Kong to become the world's largest cross-border asset management center.

BlockBeats news, on October 12, Formula News founder Vida posted on his personal channel this morning, saying, "Once again, I went long on $4 million worth of SOL at an average price of $175.8, and $500,000 worth of XPL at an average price of $0.395. This is equivalent to 1/10 of my ammunition. There is no certainty in this position at all, I just want to gamble a bit. My bet is: the market will quickly recover after the US stock market opens on Monday, just like every time there has been negative news over the weekend before. The crypto market has now dropped by an average of 30%, pricing in an abnormal drop of 5% in the S&P 500 at Monday's open. But if the S&P 500 doesn't fall as much as expected on Monday, then sentiment will quickly recover."