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Cryptos Crash After US SEC Sues Binance & its Founder; HK Crypto Concepts Down 2%-3% Broadly
The US Securities and Exchange Commission (SEC) indicted Binance and its founder and CEO Zhao Changpeng for violating US securities trading rules. The news dragged a number of cryp...
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Cryptos Crash After US SEC Sues Binance & its Founder; HK Crypto Concepts Down 2%-3% Broadly
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The US Securities and Exchange Commission (SEC) indicted Binance and its founder and CEO Zhao Changpeng for violating US securities trading rules. The news dragged a number of cryptocurrencies down sharply last night, including Bitcoin, which plummeted more than 6% to a three-month low. Cryptocurrency trading platform Coinbase (COIN.US)     also crashed more than 9% last night to a low of USD55.81.

Related concept stocks in Hong Kong generally waned against the rising market today. NEW HUO TECH (01611.HK)  +0.170 (+7.798%)   fell 5.5% to the low at $2.08, and is now down 2.3% at $2.15. OKG TECH (01499.HK)  0.000 (0.000%)   dropped 6.1% to the bottom at $0.31, and trades now at $0.32, down 3%. MEITU (01357.HK)  +0.220 (+6.358%)    Short selling $56.82M; Ratio 17.431%   suffered a 2-day losing streak, and stands now at $1.95, sliding 3.5%.

Related NewsCICC Initiates MEITU (01357.HK) at Outperform with $4.3 TP
However, GRANDSHORES (01647.HK)  +0.001 (+1.786%)   rallied for the third straight day and re-crossed 100MA (7.7 cents). It reached a high of 9.2 cents, and now anchors at 7.9 cents, hiking 11%, with transactions increasing to 47.53 million shares.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2023-12-01 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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