✅HENBBO HAS OPENED ITS NEW REPRESENTATION IN THE USA ON THE GLOBALLY RENOWNED WALL STREET.

The Henbbo fund's team has put in significant effort to establish our new presence in the United States. And now, it has become a reality – the Henbbo American office is situated at the renowned 40 Wall Street in "The Trump Building."

Being located right in the heart of the world's most bustling business district provides our representation with substantial business opportunities. This proximity allows us to forge valuable connections, foster collaborations, and always stay at the forefront of emerging trends and technologies.

The office space on Wall Street, spanning two floors, embodies Henbbo's aspirations for excellence and innovation. The first floor features an elegant and modern reception area where our office managers will warmly welcome you.

Adjacent to the reception area are the offices of senior managers – the organizational hubs of our representation. On the same floor, there are several well-equipped conference rooms. Their ample availability facilitates effective and fruitful dialogues with the fund's team, partners, and clients. Additionally, a spacious kitchen is situated here, perfect for lunch, coffee, or dessert conversations.

Ascending to the second floor, you'll enter a spacious working area. This space is meticulously designed to encourage productivity and outstanding teamwork.

To ensure our employees can relax and recharge on the second floor, a cozy relaxation area is provided. Thanks to it, our team has the opportunity to maintain an ideal healthy balance between work and recuperation.

The opening of Henbbo's new representation in the USA, in the global epicenter of business on Wall Street, unveils even greater prospects for our company. Their realization is already yielding increased profits for us and our investors.

Henbbo – smart investments will change your life!

✅SINGAPORE HAS BECOME THE FIRST IN THE WORLD TO REGULATE STABLECOINS.

Stablecoins are a type of digital currency whose exchange rate is pegged to fiat currencies or exchange commodities such as gold or oil.

Currently, the stablecoin market is valued at approximately $125 billion. Previously, stable digital coins were not regulated at the state level.

Singapore's authorities have taken the initiative to change this globally. The country's Monetary Authority (MAS) has already proposed key requirements for this type of cryptocurrency, including:

• Reserves backing stablecoins must be held in highly liquid, low-risk assets.
• Reserves must always equal or exceed the value of the stablecoin in circulation.
• Stablecoin issuers must return the nominal value of the digital currency to owners within five business days upon redemption request.
• Issuers must also provide "appropriate data disclosure" to users, including audit results of reserves.

These rules will apply to stablecoins issued in Singapore and pegged to the Singapore dollar or any G10 currency, such as USDT and USDC.
Stablecoins meeting all requirements will be recognized as "MAS-regulated stablecoins," distinguishing them from other tokens. The launch of regulatory mechanisms will be announced next year.

It is expected that implementing these measures will significantly strengthen market participants' trust and stimulate the growth of stablecoin circulation.

Henbbo - smart investments will change your life!

✅SpaceX sold $373M worth of Bitcoin acquired in 2021-2022

The Elon Musk-led technology firm had announced in 2021 that it held some Bitcoin. Accounting rules state that once written down, the value cannot be adjusted upwards. Uncertainty Around Bitcoin Holdings

According to a report published on the 17th of August, the Wall Street Journal stated that SpaceX had recorded $373 million worth of Bitcoin on its balance sheet in 2021 and 2022. It has now reportedly sold the cryptocurrency in question. However, it is still not clear if the company has sold its entire $373 million stash. The Wall Street Journal stated in its report,

“SpaceX wrote down the value of bitcoin it owns by a total of $373 million last year and in 2021 and has sold the cryptocurrency.”

The outlet reportedly viewed financial documents related to the firm’s finances, showing expenses of around $5.2 billion for 2022. The documents also showed expenses of around $5.2 billion towards acquiring property and equipment and towards research and developmental costs.

According to Big Four Accounting Firm Deloitte, Bitcoin is typically considered an “indefinite-lived intangible asset.” It further adds that companies should account for Bitcoin at cost and then make adjustments should the price of the asset experience a notable decrease. If the value of Bitcoin declines, companies must declare a write-down in its books, which is also referred to as impairment charges. However, the asset’s value cannot be written up after recording a decrease. This applies to all subsequent Bitcoin price increases or rebounds.Tesla’s Revision Of Bitcoin Holdings

Elon Musk had publicly announced that SpaceX had acquired crypto, Bitcoin in particular, in 2021. This announcement came after a filing with the United States Securities and Exchange Commission showed that Tesla, another of Musk’s companies, was planning to purchase $1.5 billion worth of Bitcoin. The announcement by Tesla had played a crucial role in Bitcoin hitting a then-all-time high price of $43,000.

However, according to the company’s second-quarter earnings report for 2023, Tesla had sold all except for $184 million worth of its Bitcoin holdings. Tesla confirmed that it had liquidated over 30,000 BTC in the second quarter of 2022, netting around $936 million. This figure represented around 75% of Tesla’s original $1.5 billion worth of BTC holdings. However, since then, Tesla has held on to its remaining Bitcoin reserves, with the company continuing to do so in the second quarter of 2023 as well. This means the company has not purchased or sold Bitcoin for the fourth consecutive quarter, with the value of its assets holding steady at $185 million.

Elon Musk is one of the richest individuals in the world and has often commented on the crypto space and cryptocurrencies. Musk seems particularly fond of Dogecoin (DOGE) and had briefly changed Twitter’s iconic blue bird logo to the Shiba Inu of Dogecoin. Musk purchased Twitter for $44 billion, later rebranding the company to X, and has suggested that the platform could offer an entire financial world to users, including payment and banking services.

While Musk and his companies may hold a considerable amount of Bitcoin, he has often reaffirmed that his favorite crypto remains Dogecoin. Musk has not given any reason for his admiration for Dogecoin, simply stating that “it has the best humor, and it has dogs.”

“I’m not advising anyone to buy crypto or bet the farm on Dogecoin or anything like that.”

✅THE HENBBO FOUNDATION PARTICIPATED IN THE AIBC INTERNATIONAL CONFERENCE IN MANILA.

????The Asian Investment and Banking Conference (AIBC) is held in five geographical regions: Asia, America, the Balkans, Europe, and Africa. This summit has been one of the main platforms for discussions in these mainstream directions for several years.

The AIBC International Conference, which took place this year from July 19 to 21 in Manila, Philippines, gathered over 350 delegates from around the world to discuss the latest trends, issues, and ideas in the world of blockchain, artificial intelligence, crypto computing, gaming, and WEB 3.0. Through the summit's platform, participants discuss and lay the groundwork for the upcoming Industrial Revolution 4.0.

The Henbbo Foundation actively participated in the conference and showcased its achievements and products to a wide audience of investors, participants, and event guests. Many of them were interested in our developments in the field of decentralized blockchains and innovations that we are implementing in the HNBB coin ecosystem.
Experts from our venture fund delivered presentations at several specialized meetings with participants and conducted a series of personal negotiations with potential clients and company partners. The opportunity for crypto businessmen to place assets under favorable staking conditions from Henbbo generated significant interest.

????The past three days of the Asian AIBC conference were very eventful and productive for our company. The foundation's management highly appreciated the results of the delegation's work. Just during the summit, we received over two dozen partnership proposals from major investors, totaling more than $12 million.
Additionally, at the conference in Manila, Henbbo conducted negotiations with several Web 3.0 development companies and blockchain networks. Contracts with some of them are already in the stages of negotiation and signing. We are confident that this collaboration will provide the Henbbo Foundation and its clients with even more opportunities and tools for profit on our investment platform in the near future.

Henbbo - smart investments will change your life!

✅Crypto Long Trades Account for 90% of Total Liquidations as Bitcoin, Ether Slump

Bitcoin slumped to just under $28,500 late on Wednesday, marking one of the largest two-day price drops since mid-June. Bitcoin weakness caused majors, such as ether, XRP and solana SOL/USD to follow suit, falling as much as 5%.

Liquidations on futures tracking major tokens crossed the $160 million mark in the past 24 hours, pushing to over $320 million in losses since the start of this week. Such losses come amid one of the lowest volatility periods for bitcoin.

Bitcoin futures racked up nearly $50 million in losses, followed by ether at $22 million and litecoin LTC/USD at $5 million. Traders of bitcoin cash BCH, solana, and XRP took on nearly $4.5 million in losses apiece.

Long trades, or bets on higher prices, accounted for 90% of the total liquidations, Coinglass data shows.

Liquidation occurs when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. This happens when a trader is unable to meet the margin requirements for a leveraged position or fails to have sufficient funds to keep the trade open.

Large liquidations can signal the local top or bottom of a price move, which may allow traders to position themselves accordingly.

Open interest, or the number of unsettled contracts, rose 1.16%, meaning traded opened more positions but ultimately used significantly lesser leverage – suggesting lesser risk-on sentiment.

Meanwhile, trading firm QCP Capital said in a Telegram broadcast earlier this week that it expected prices to gradually fall lower in the immediate absence of market catalysts. It added that price levels of between $24,000 to $26,000 for bitcoin could be expected in the coming months.”

✅Also another news!‼️

The whistle in the GU does not stop, what do we see here?

New happy faces and people who go to their goal and are engaged in development!

Each of us can develop in a company in different ways and this is very cool

When you look at these people, you can see that they are doing well in life!

The only people who can prevent us from having a fresh head and a fat wallet are ourselves!

Do not interfere with yourself, do not bother your head, but simply strive for what you are here for

✅Something 'Scary' Happening on Ethereum (ETH)

Long liquidations and open interest: What's happening?

Long liquidations refer to the forced selling of assets, in this case, Ethereum, when traders cannot meet margin requirements for their leveraged positions. The fact that these liquidations are increasing suggests that many traders are getting caught on the wrong side of the trade, possibly due to sudden price drops.

On the other hand, open interest represents the total number of outstanding derivatives contracts, such as futures and options, that have not been settled. Skyrocketing open interest indicates that more traders are entering into contracts, betting on Ethereum's future price movements.

The simultaneous occurrence of increasing long liquidations and surging open interest is perplexing. It suggests that while many traders are being liquidated, even more are entering the market, possibly with leveraged positions. This scenario can lead to heightened volatility and risk in the Ethereum market.

Ethereum's price analysis

Over the past month, Ethereum's price has shown some fluctuations. Starting from July 1, 2023, ETH was trading at $1,934.04. As the month progressed, it reached a high of $1966.81 but also dipped to lows like $1,830.05. As of Aug. 13, 2023, Ethereum was trading at $1,836.95.

This price movement, combined with increasing long liquidations, suggests that traders might be over-leveraging their positions, expecting Ethereum to rise. When the price does not move as anticipated, or if there is a sudden drop, these over-leveraged positions get liquidated, leading to the observed increase in long liquidations.

✅Cardano Whales Rapidly Accumulating, ADA Bull Run Incoming?

ADA Whales Accumulating

Looking at Santiment trends, it appears that ADA whales began accumulating as early as June 2022, and the number has been rising steadily ever since. However, amid this encouraging “bullish” signal, ADA prices have fluctuated, edged lower, and diverged with whales’ actions in the past 16 months.

ADA is changing hands at around $0.289 at spot rates, down from $0.465 when whales began loading up in mid-June 2022.

There are over 25,000 whales with at least 100,000 ADA of writing in mid-August, up by over 3,000 since June 2022. Overall, and as aforementioned, this is a vote of confidence for Cardano and may signal optimism in how ADA’s future prices could pan out.

In crypto, token holders closely monitor whale activity, as their actions often influence market sentiment. Their continued accumulation, for example, of ADA, is an endorsement of a project’s potential and could ignite demand, lifting prices. Conversely, when they offload, it could trigger a sell-off, forcing asset prices lower.

ADA whales are buying more of the coin when Cardano’s market capitalization has been pulling back from 2023 highs. At spot rates, the project’s market cap is down by at least 35%, dropping from $15.76 billion to $10.1 billion as of mid-August. Even so, ADA is one of the most liquid coins looking at the average daily trading volumes and position in the leader board.

Cardano Building, ADA Resilient But Weak

Presently ranked eighth, Cardano is ahead of Solana and Tron but trailing XRP and Dogecoin in the top 10. ADA is trading at $0.289, down roughly 10% from August 2023 highs. While ADA remains within the June to July 2023 trading range, ADA buyers hold an advantageous position looking at candlestick arrangements in the daily chart.

Despite recent lower lows, sellers have not yet reversed the gains of July 13, a conspicuous bar that shapes the immediate price action.

Cardano is in the Basho era, where developers look at enhancing scalability and network performance to support intensive decentralized applications (dapps), particularly those in decentralized finance (DeFi). Notable improvements in this phase include pipelining and the release of Mithril, aimed at bolstering network security.

Additionally, Cardano’s leading developer IOG is working on Hydra, a layer-2 solution to boost scalability further using off-chain channels.

✅Introduction of Tether (USDT) BEP20 to Our Platform

We are excited to share some important news about a significant addition to our platform. In line with our commitment to continuously improve and expand our offerings, we have integrated Tether (USDT) on the Binance Smart Chain (BEP20) format into our services.

Here's a quick overview of what this means:

Versatility: The BEP20 version of USDT enhances our interoperability with Binance Smart Chain projects and dApps.

Lower Transaction Fees: BEP20 transactions often boast lower fees compared to their ERC20 counterparts, which could lead to cost savings for our users.

Faster Transaction Times: Leveraging the efficiency of the Binance Smart Chain, users can expect faster transaction times for USDT BEP20.

Secure and Trustworthy: As always, the security of our users' assets remains our utmost priority. The integration has been meticulously tested and is built upon the robust infrastructure of the Binance Smart Chain.

✅10% deposit discount offer ends!

Dear investor:
10% deposit discount discount has ended, and we will return to normal deposits today.

Users who deposit during the discount discount period, please check the discount delivery status of the deposit. If you do not receive the discount, please contact us in time.

Looking forward to our next discount preferential policy. Best Wishes!

PlanetaryAsset management team