$ETC(ETC.CC)$ Great! ETC is now about 8% up. I expect bigger jump in greyscale ETC since it's trading at 53% discount!!

$ETC(ETC.CC)$ something strange is happening to ETC now.

$UP Fintech(TIGR.US)$ read this: https://simplywall.st/stocks/us/diversified-financials/nasdaq-tigr/up-fintech-holding/news/with-a-38-price-drop-for-up-fintech-holding-limited-nasdaqti

$UP Fintech(TIGR.US)$ I like TIGR App and that's why I bought some shares. However, at this point I still can't establish any plausible theory on how TIGR could get itself out this PIPL saga. Under such situation, I will choose to get out - there are many other better stocks one can invest.

$UP Fintech(TIGR.US)$ The Chinese Authority key concern is capital outflows. They had crushed schemes such as: buying insurance policies or tawdry plastic watches with credit cards in HK or Macau. Unless the two Brokerages come with policies that the proceeds of all Chinese investors shall return to China, otherwise, they won't get the "driving licences" to enjoy the 80% or 55% funding from the Chinese investors. The 2 big shareholders (tencent for moomoo & xiaomi for TIGR) may have to toe the line.

$UP Fintech(TIGR.US)$ read this: https://www.zdnet.com/article/hacker-selling-data-of-538-million-weibo-users/. What's the current cyber security landscape esp. Personal Data Protection within China? Why can't the Chinese Gov't control the outflow of Personal Data since they can monitor & control the network within China? Whatever measures they are going to take against the two Brokerages will only exposure and confirm that they don't have effective monitoring & control. It may seems like a catch 22, but use a bull knife against these Brokerages to expose their own weakness doesn't look like a very wise move, I think.

$UP Fintech(TIGR.US)$ On October 28, Beijing time, in response to media reports on the scope of cross-border brokerage business, $Tiger Securities (TIGR) $ responded that the Group has always regarded legal compliance operations as a lifeline. Currently, more than 80% of incremental deposit customers come from overseas and will actively maintain communication with global regulators, adhere to the bottom line of compliance, and comply with regulatory requirements at all levels. It stated that Tiger Securities, like the business models of other US and Hong Kong brokerage firms, strictly complies with the requirements of regulations around the world. There are no changes or innovations in legal compliance; it only enhances the user experience through the power of Chinese technology. Currently, the Group holds securities licenses in Hong Kong, Singapore, New Zealand, Australia, the United States, etc., and has always strictly complied with relevant regulatory requirements to ensure the safety of clients' assets

$UP Fintech(TIGR.US)$ Let's discuss in depth some of Futu Tiger's current important issues.
1. Questions about the domestic exhibition industry. First, let me give you an inappropriate example. There was a war in Syria three months ago. I told you in China that the government army recruits 10,000 people a day, including room and board, and daily wage settlement. As a result, you got tempted. You applied for your own Afghanistan visa and got off the plane to find government forces. Excuse me, do I count as Afghan government forces exhibiting their businesses in the country? As another example, let me tell you that Macau casinos are fun, with food and drink, and sexy dealers. The variety of ways to play is completely different from playing poker at the entrance of our village. As a result, you were moved and bought a ticket to go to Macau to play. Excuse me, can I count as Macau casinos exhibiting their business in China? In addition to Futu, all overseas subsidiaries of Chinese brokerage firms have been able to accept account transactions from mainland residents before, and this behavior has continued for many years. Therefore, if this act is determined to be an illegal financial act, is it necessary to trace it, and if so, how can it be punished? What are the penalties for the brokerage firms involved? How do banks punish? (Don't say the bank doesn't know...) How are shareholders penalized? Once traceability is involved, it will have a huge social impact and generate risks in order to deal with risks. Therefore, this question can actually give rise to three questions: (1) Whether these brokers' exhibiting business is considered a financial act requiring a license. (2) If calculated, then how should it be regulated in the future? The relevant business will be suspended until the regulatory measures are introduced. (3) How to characterize behavior that occurred in the past and how to deal with it. 2. Issues relating to exchange control. Many people have no idea about this issue; they think that leaving the country's funds is a violation of Wang Law. To put it bluntly, it may be that poverty limits imagination. Chinese people invest in real estate globally, how do they get their money out? A big bag and a small bag on your back? How did they buy those two Canadian mansions? Furthermore, the country's exchange control policy has always been a two-way control, managing both inflows and outflows. When pressure is high on the inflow of hot money, controls on capital outflow are relaxed. When there is a lot of pressure on the outflow of hot money (such as 2018), controls on capital outflows will be tightened. This is something that many people who don't work in forex can't imagine. For example, in the past, it was very popular to use a credit card abroad to buy insurance. This kind of behavior completely circumvented the 50,000 US dollar foreign exchange purchase limit; later, too many outflows were controlled. The act of these brokerage firms assisting domestic residents to remit funds to buy stocks has indeed changed the nature of the use of 50,000 US dollars in foreign exchange purchases. It will definitely need to be rectified in the short term; if they are liberalized in the future, that is another matter. However, putting this act online doesn't mean that it is necessary to put these brokerage firms to death at all. Of those who bought a luxury home abroad, which one was caught? Has the corresponding cross-border real estate agent been arrested? Those who have purchased millions of overseas dividend insurances, as well as corresponding insurance companies, have not been processed retroactively. Obviously, this kind of thing is more serious. It not only changed the use of funds, but also surpassed the $50,000 limit. 3. Domestic exhibitions and outbound capital are the core issues for brokerage firms like FUTU at present. As for user information security, etc., it is a minor issue, so I will not conduct an analysis. I have analyzed the FUTU bottom copy issue before. Judging from the information received so far, I think the possibility of a neutral situation is increasing. In other words, domestic additions will be stopped, and stock will not be asked. Under these circumstances, I think FUTU's reasonable valuation in 2022 is US$9.23 billion, which corresponds to a share price of 63 yuan. Of course, when the market has consistent expectations, the stock price will not stay at what I think is reasonable; it is likely to drop by 10% to 30%. Judging from the decline in volume over the past two days, the market is indeed very panicked, but opportunities often arise from panic. Some people see the stock price as high as ten yuan, or even zero; I think it's a bit out of place. Many others liken FUTU's problems to extracurricular training. The point is that almost all of the extracurricular training business is domestic; of course, it is close to zero. If the extracurricular education industry also went overseas a few years ago and went to the US for a volume of students who eat, drink and have fun every day, why is today's situation like this. E-cigarettes, for example, now also face great policy uncertainty. If it is completely banned domestically, maybe RLX will return to zero, and will Smore International return to zero? FUTU's situation is more similar to SMOORE International rather than RLX. You need to have a clear understanding of this. Get your bullets ready and take a look at it step by step. Perhaps this is the appeal of the market.

$UP Fintech(TIGR.US)$ Below extracted from Seeking Alpha's Quant, dated 26 October 2021:
"UP Fintech Holding Is Like Holding A Tiger By The Tail
We do not recommend retail value investors invest in UP at this time. Hold shares but we are Bearish on buying China’s Fintechs and UP Fintech in particular. Risks abound.
China is hot on tightening regulations fraught with worry for national security. UP Fintech Holding's move of brokerage services to Hong Kong is about image not value.
Seeking Alpha's Quant Rating for UP is Very Bearish. "