According to @julian2kwan, despite extreme fear in sentiment, the regulatory and macro backdrop is the strongest of the cycle and points to a timing delay rather than a breakdown, setting up for a potentially explosive 2026. source: @julian2kwan on X, Nov 14, 2025 He cites concrete catalysts: MiCA rules are phasing in across the EU, providing compliance clarity that supports institutional participation and market depth. source: @julian2kwan on X, Nov 14, 2025 He notes Hong Kong has live spot BTC and ETH ETFs, more licensed venues, and a stablecoin bill in place, expanding regulated demand channels in Asia. source: @julian2kwan on X, Nov 14, 2025 He adds that Japan’s major financial institutions plan 24/7 tokenized stock trading by 2026, broadening tokenization liquidity and settlement windows. source: @julian2kwan on X, Nov 14, 2025 On RWAs, he highlights BlackRock’s BUIDL at multi‑billion scale, tokenized Treasuries and credit growing, the DTCC × Chainlink fund-data pilot, and JPMorgan’s first tokenized private fund flow as evidence that trading and settlement plumbing is maturing. source: @julian2kwan on X, Nov 14, 2025 He further references ISDA and Project Guardian work on tokenized bank liabilities, enabling on‑chain settlement rails that can channel larger capital pools into crypto‑adjacent assets. source: @julian2kwan on X, Nov 14, 2025 For US policy, he states the GENIUS Act for stablecoins is now law, creating federal rails for dollar‑on‑chain settlement, and that the SEC is actively narrowing the gray zone on what is or isn’t a security, which he views as a catalyst for capital formation. source: @julian2kwan on X, Nov 14, 2025 From a market-structure lens, he says digital asset trusts (DAT) are trading near MNAV and leverage is light, implying more resilient consolidation before the next leg. source: @julian2kwan on X, Nov 14, 2025 On flows, he points to steady RWA AUM growth across tokenized Treasuries, money market funds, and bonds, citing charts from rwa.xyz. source: @julian2kwan on X, Nov 14, 2025 He concludes that crypto tracks the business cycle and this one is extended, not broken, reinforcing a 2026 breakout setup and potential outperformance versus BTC and ETH by selected strategies he follows. source: @julian2kwan on X, Nov 14, 2025

According to @rovercrc on X, Hong Kong has approved a Solana (SOL) spot ETF in a breaking post dated Oct 22, 2025 (source: @rovercrc on X). The post from @rovercrc does not include an official Hong Kong SFC authorization notice, an HKEX listing circular, or an issuer announcement naming the fund and ticker, leaving the claim unverified (source: @rovercrc on X). Traders should wait for confirmation via an SFC authorization notice, an HKEX listing announcement, or a prospectus from the issuer before acting on the headline attributed to @rovercrc (source: @rovercrc on X).