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Jinse Finance reported that Chen Qinqi, Vice President of Circle Asia-Pacific, stated that Circle currently has no plans to issue a Hong Kong dollar-denominated stablecoin, and mainly issues two products: the US dollar stablecoin USDC and the euro stablecoin EURC. In terms of its layout in Asia, Circle has obtained a Major Payment Institution license in Singapore, allowing professional investors to obtain USDC directly from Circle. In Japan, USDC is the first stablecoin approved by regulators to be offered to the public by licensed operators. Regarding its business in Hong Kong, Chen Qinqi revealed that Circle currently does not have an office in Hong Kong but will continue to evaluate office locations. As for cooperation with Hong Kong dollar stablecoins, Circle maintains an open attitude and has already discussed and shared expertise with multiple companies. Chen Qinqi expects that more stablecoins denominated in different currencies will emerge in the future, but emphasized that there is a huge global demand for the US dollar, with 75% of Asia’s trade denominated in US dollars.

BlockBeats News, October 13, according to on-chain AI analysis tool monitoring, driven by politics and liquidity, the crypto market experienced a technical rebound after the epic liquidation on October 11 (with $19.1 billion in liquidations). Bitcoin surged to $115,000 within 24 hours, Ethereum broke through $4,150, and the total market capitalization rebounded to $4 trillion. However, market leverage has dropped to the level of the 2022 bear market, and the risks of whale movements and institutional liquidations have not been eliminated. Macro triggers: - Trump's moderate remarks led to a simultaneous rebound in US stock futures and the crypto market - The US bipartisan government budget deadlock continues, and the Bureau of Labor Statistics has confirmed that the September CPI data will be postponed to October 24 Market focus: - The aftermath of the epic liquidation is not over. Glassnode data shows that market leverage has dropped to the level of the 2022 bear market - Former BitForex CEO Garrett Jin is a holder of 46,000 BTC on the Hyperliquid platform, and his on-chain operations have raised concerns about selling pressure - Multiple hedge funds have warned of potential liquidation risks, with $100,000 becoming a key support level for Bitcoin - Stablecoins such as USDe still face residual depegging risks, and the pressure of collateral liquidation needs to be watched Other news: - Trump's youngest son Barron holds a 10% stake in World Liberty Financial, with this portion of shares expected to be worth $150 million - US President Trump indirectly holds about $870 million in Bitcoin, potentially ranking among the world's largest Bitcoin investors BlockBeats reminds investors that the crypto market has been highly volatile recently, and investors should pay attention to risk control.