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February 25 – Hong Kong Financial Secretary Paul Chan Mo-po delivered the 2026-2027 Budget Address to the Legislative Council today (February 25). He stated that, while ensuring road safety, the Hong Kong SAR government is accelerating the large-scale development of autonomous and unmanned transportation to achieve commercial operation and is encouraging the industry to leverage Hong Kong as a platform to expand into overseas markets. The "Space Corridor" autonomous transportation system is expected to be operational this year, marking the first commercially operational project in Hong Kong.Hong Kongs final GDP annualized rate for the fourth quarter was 3.8%, compared to 3.80% previously.Hong Kongs final GDP growth rate for the fourth quarter was 1%, compared to 1.00% previously.February 25th, Futures News: During the Spring Festival, due to tensions in the Middle East, oil prices fluctuated with an overall upward bias. After multiple rounds of US-Iran talks, the market focused on the latest talks on Thursday, with oil prices mainly fluctuating at high levels. Zhuochuang Information predicts that both the US and Iran have expressed a willingness to reach an agreement as soon as possible, but the risk of attack remains. Overall, oil prices are fluctuating at high levels. If the talks do not progress, the US may launch an attack, posing a risk of further price increases. Otherwise, if an agreement is reached, oil prices will moderately decline.February 25th – Hong Kong Financial Secretary Paul Chan Mo-po delivered the 2026-2027 Budget Address to the Legislative Council today (February 25th). He stated that the low-altitude economy is a new driving force for promoting smart cities and regional integration. The Hong Kong SAR government has completed the first phase of amendments to the law and will improve civil aviation legislation and regulatory framework to lay the foundation for the long-term standardized development of the low-altitude economy and build a competitive ecosystem. The first batch of 32 projects in the "regulatory sandbox" has been tested on designated routes. Some drone applications, such as building management and inspection, have already entered practical operation.

Binance.US Adds Terra UST Stablecoin As Base Pair for Cryptocurrencies

Cory Russell

Apr 24, 2022 09:40

Binance. Today, the United States formally designated UST as the Bitcoin base trading pair.


Since the release of the $10 billion Bitcoin reserve, everyone has been talking about the stablecoin.


LUNA is once again on the verge of setting a new all-time high.


Terra, LUNA, and UST have been attracting a lot of interest from investors, developers, analysts, and traders in the crypto sector for a time now.


The bullish storm that the DeFi chain has sparked isn't going to let up anytime soon. Especially in light of today's events.

UST Is Now A Base Pair

Because UST is a base pair, other cryptocurrencies will be able to trade against it in the same way they can with USD, if the option is available.


Binance disclosed this development earlier this month, along with the delisting of the UST/BTC trading pair and the cancellation of all existing trade orders. UST is currently only available as a Bitcoin base pair.


Binance isn't the first to do so; in fact, OKX, one of the top 20 cryptocurrency exchanges in the world, introduced UST as a base pair for Bitcoin, Ethereum, Solana, and Avalanche earlier this month.


TerraUSD has garnered traction in the market as a result of its CEO Do Kwon's announcement that he intends to create a $10 billion+ UST reserve in Bitcoin.


At its current value, $10 billion in Bitcoin corresponds to roughly 253183.79 BTC, making Terra the largest Bitcoin holder at the time, surpassing MicroStrategy's current holdings of around 129,218 BTC.

At The Moment, LUNA

Terra's native cryptocurrency, LUNA, is presently the year's best-performing asset, with gains of 142.22 percent from February to April and a new all-time high of $119.5 at the same time.


Although LUNA is now trading at $93.5, it is on its approach to gradually exceeding the $120 mark, owing to the 23.5 percent rise seen three days ago.

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