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BREAKING: Hong Kong took a key step in its strategy to regulate digital assets by granting its first licenses to stablecoin issuers.
The decision benefits Anchorpoint Financial and HSBC's local banking subsidiary, and confirms that the city is proceeding cautiously, prioritizing players backed by large financial institutions.
The Hong Kong Monetary Authority granted its first licenses under the new stablecoin regime. #GateSquareAprilPostingChallenge
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Happy 13th Anniversary, Gate.io! 🎉
Congratulations on reaching this incredible milestone. Over the years, you’ve built a strong and innovative platform that continues to support millions of users worldwide in their crypto journey. Your commitment to security, product development, and community growth truly sets you apart in the industry.
As you move forward, one suggestion would be to keep enhancing user experience—especially for beginners—by simplifying interfaces and expanding educational resources. Additionally, continuing to strengthen transparency and communication will further build tru
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#Gate13 Happy 13th Anniversary, Gate.io! 🎉
Congratulations on reaching this incredible milestone. Over the years, you’ve built a strong and innovative platform that continues to support millions of users worldwide in their crypto journey. Your commitment to security, product development, and community growth truly sets you apart in the industry.
As you move forward, one suggestion would be to keep enhancing user experience—especially for beginners—by simplifying interfaces and expanding educational resources. Additionally, continuing to strengthen transparency and communication will further b
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📉 Current Structure
Price: ~70.9K
Recent high: 72.8K (rejection)
You can see a lower high + weak consolidation after rejection
Momentum is slowing down after that strong pump
👉 This is showing short-term bearish pressure, not strong bullish continuation.
🔴 SHORT Setup (More Valid Right Now)
Why:
Rejection from 72.8K = strong resistance
Price forming lower highs
MACD already curving down (momentum weakening)
Entry idea:
Around 71K – 71.5K (pullback area)
Or breakdown below 70.5K
Targets:
70K
69.7K
69K (strong support zone)
Invalidation (SL):
Above 72K (if price reclaims → bullish again)
🟢 L
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