PANews reported on July 7 that Guojin Securities, a Hong Kong-listed company, revealed on an interactive platform that its subsidiary Guojin Securities Co., Ltd. is preparing to apply for virtual asset-related trading licenses and has communicated with relevant international and Hong Kong institutions on many occasions.
Guojin Securities Co., Ltd. currently holds business licenses No. 1, 2, 4, 6 and 9 issued by the Securities and Futures Commission of Hong Kong, covering areas such as securities trading, futures trading, securities and institutional financing consulting, asset management, etc. The company plans to further enhance its service capabilities through overseas business expansion.



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more