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Bitcoin’s surge & beyond: An Octa broker forecast
Following the spring pullback, when the price of the world’s major crypto currency dipped below $75,000 in early April, BTC rallied 65% and was trading slightly above the $123,000 level by mid-July. The major drivers for such an impressive rally include renewed investor optimism, rising institutional flows, a favourable regulatory environment, and skewed BTC supply. Kar Yong Ang, a financial market analyst at Octa broker comments: ‘In many ways, the stars have aligned for Bitcoin holders, with significant improvements in risk sentiment and supportive regulatory news truly propelling its ascent’.
Indeed, the rally kicked off on 22 April, sparked by U.S. Treasury Secretary Scott Bessent’s suggestion of a potential de-escalation in U.S.-China trade tensions. The following day, President Donald Trump further boosted sentiment by hinting at lower tariffs for China and retracting threats to dismiss Federal Reserve (Fed) Chair Jerome Powell. This news improved risk appetite and sent BTCUSD up by 6.82% on 22 April alone. Optimism for global trade was further fueled on 8 May, when Donald Trump unveiled a new trade deal with the United Kingdom (UK)—the first since the ‘reciprocal’ tariff pause—propelling BTCUSD higher by an additional 6.38%.
Apart from positive headlines, deeper structural transformations—notably, a mismatch between supply and demand—have also played a key role. It is no secret that Bitcoin’s total final emission is limited to 21 million coins. Additionally, bitcoin undergoes a “halving” event approximately every four years, which cuts the reward for mining new blocks in half, thus limiting the daily average supply of new bitcoins. Following the most recent halving, a new Bitcoin block is now mined roughly every 10 minutes, and the reward per block is 3.125 BTC. Therefore, the daily issuance of new Bitcoin currently stands at just around 450 coins per day. This is how it is calculated:
(6 blocks/hour×24 hours/day)×3.125 BTC/block = 144 blocks/day×3.125 BTC/block = 450 BTC/day.
This daily issuance has been vastly outpaced by demand from exchange-traded funds (ETFs), which have been absorbing up to 10,000 BTC per day. A mismatch between natural supply and ETF-driven demand has created a severe shortage in available coins, fueling aggressive upward price momentum. The imbalance has been exacerbated by continued investor preference for bitcoin vs other, less liquid, and less developed coins. Institutional flows into crypto investment vehicles have further amplified the rally, signalling growing mainstream adoption. BlackRock reported a 366% quarter-over-quarter surge in crypto ETF inflows in Q2 2025, with allocations rising to $14 billion, now comprising 16.5% of its total ETF flows. Similarly, U.S.-listed Bitcoin ETFs posted their second consecutive $2 billion inflow week in mid-July.
This growing supply-demand imbalance has coincided with significant regulatory milestones in the U.S. Specifically, the Republicans have pushed forward three pieces of legislation (the Genius Act, the Clarity Act and the Anti-CBDC Surveillance State Act) aimed at creating a regulatory framework for the growing cryptocurrency market. The Genius Act, which focuses on stablecoins, creating a comprehensive regulatory framework for their issuance and oversight, has already been signed into law by President Trump, while the Clarity Act and the Anti-CBDC Surveillance State Act are yet to be passed by the Senate.
Overall, the increasing crypto interest and adoption drove the crypto market capitalization to hit $4 trillion on 18 July, reflecting its strength and maturity with bitcoin in particular becoming a central part of the global investment landscape.
BTC Rally Outlook: A Burning Topic
With so many factors working in Bitcoin’s favour, it seems reasonable to infer that its price will likely continue to go higher in the long term. And while this may be true, it is still important to highlight major risks that lie ahead. Kar Yong Ang, comments: ‘Technically, Bitcoin looks like it is preparing for a major downward correction. BTCUSD failed to hold above the 0.618 extension level of the bullish trend, which commenced in early April. The price has formed a long wick on the daily chart, signalling an exhaustion of the bullish trend. A decline towards the 112,000 level is now highly likely. A break below 112,000 would open the way towards the 105,000 level.’

Indeed, the failure to hold the 121,500 level on 14 July and the subsequent correction on 15 July occurred on very strong volume, meaning that traders are uncertain about the next big move and doubt that a rally can be sustained in the short term. Furthermore, fundamentals have turned sour lately. After a 0.1% increase in May, U.S. consumer prices rose 0.3% in June, a roughly 3.5% annual rate, which is uncomfortably above the Fed’s target rate. This renewed inflationary pressure diminishes the likelihood of a September interest rate cut by the Fed and may exert bearish pressure on equity and crypto valuations. A similar scenario is evident in other major economies. For example, UK CPI rose to 3.6% in June from 3.4% in May and also undermined the widespread anticipation of a rate cut by the Bank of England (BoE). In other words, the global monetary policy may not be as accommodative as investors had hoped for previously, making them reluctant to purchase in risky assets
Three BTC price action scenarios
Kar Yong Ang of Octa Broker has come up with three potential scenarios for BTCUSD.
The most optimistic scenario envisions a continued upward climb beyond current highs, driven by persistent institutional inflows and favourable regulatory developments. However, given signs of short-term overextension and waning upside momentum on the daily chart, this outcome appears less likely in the short term.
There is the risk of a deeper, prolonged correction, particularly if macroeconomic headwinds or regulatory setbacks dampen sentiment. While not impossible, this scenario is seen as less probable for now, given strong underlying fundamentals such as limited BTC supply and sustained demand from ETFs.
A more probable, base-case scenario is a modest correction toward support levels, followed by a resumption of the broader uptrend. Such a pullback would allow the market to consolidate and establish a stronger foundation, ultimately preserving the bullish structure while shaking out weak hands.
Kar Yong Ang comments: ‘Bitcoin looks a little stretched right now, and you can see it struggling to punch clean through resistance at the highs. A pullback into the $112,000–105,000 area would actually be healthy—that’s where smart money will likely step back in. The fundamentals are still stacked in Bitcoin’s favour: supply is tight, ETFs money keeps flowing, and regulatory progress is finally breaking through’.
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Disclaimer: This press release does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences.
Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
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Credo Assurance Earns ESG Certification to Support Sustainability Reporting
A Response to a Changing Regulatory Environment
Singapore’s corporate sustainability environment has undergone a major transformation in recent years. What began as voluntary corporate social responsibility is now transitioning into a regulated requirement driven by new disclosure mandates. The Singapore Exchange (SGX) requires all listed companies to publish sustainability reports, with climate-related disclosures to be aligned with the International Sustainability Standards Board (ISSB) framework.
These developments mirror global trends, including the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the proposed climate disclosure rules by the US Securities and Exchange Commission (SEC). Notably, these frameworks are influencing supply chains and investment decisions worldwide.
A Commitment to Rigorous Standards and Responsible Practice
The certification was issued by the Institute of Singapore Chartered Accountants (ISCA) under the Professional Certification in Sustainability Assurance programme, which focuses on the International Standard on Sustainability Assurance (ISSA 5000). The curriculum also covers key frameworks, such as ISAE 3000, ISO 14064-3, and the reporting principles set out by the Sustainability Reporting Advisory Committee (SRAC).
Participants undergo six months of structured e-learning and a three-day capstone assessment module, which includes a comprehensive 65-question examination. The programme integrates the Task Force on Climate-related Financial Disclosures (TCFD), European Sustainability Reporting Standards (ESRS), Global Reporting Initiative (GRI), Carbon Disclosure Project (CDP), the Sustainability Accounting Standards Board (SASB), and other global reporting standards.
“The certification demonstrates our firm’s dedication to professional rigour and to supporting Singapore’s transition toward a sustainable, transparent economy,” as revealed by Ethan Ong, Director of Credo Assurance. “We aim to strengthen stakeholder confidence and enhance the quality of ESG reporting.”
New Sustainability Assurance Services to Support Businesses Across Sectors
Building on this certification, Credo Assurance has launched its sustainability assurance service. The firm will provide assurance on ESG disclosures, assess internal data controls, and advise on alignment with recognised frameworks such as GRI, ISSB, TCFD, and SASB. In addition, the service covers climate audit and reporting, ESG data verification, and training programmes to help companies integrate sustainability practices into daily operations.
Credo Assurance’s new offering aims to support a wide spectrum of organisations, from listed companies preparing for upcoming SGX requirements to SMEs participating in global supply chains. Industries with significant environmental or social footprints, such as energy, construction, manufacturing, transport, and real estate, are expected to benefit most from independent verification. These services also extend to firms seeking ESG-linked financing or those aiming to enhance their brand credibility and investor trust through transparent reporting.
Shaping the Future of ESG Assurance in Singapore
As Singapore moves toward mandatory climate-related disclosures in 2025, ESG assurance is set to become essential in the audit and accounting sector. Independent verification of non-financial information, such as carbon emissions, labour practices, or governance metrics, helps ensure sustainability reports present accountable and measurable performance.
“ESG assurance is the next evolution of trust in business reporting,” said Mr Ong. “It applies the principles of audit integrity to sustainability, enabling companies to demonstrate both their financial performance and their broader responsibility to society and the environment.”
Hashtag: #CredoAssurance #AccountingFirmSingapore #ESGAssurance
https://credo.sg/
https://www.linkedin.com/company/credo-assurance-llp
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About Credo Assurance
Credo Assurance LLP is an ACRA-registered public
accounting firm in Singapore. They provide audit, accounting, and advisory services to both businesses and individuals, helping clients navigate complex regulatory requirements and economic challenges.
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Understanding Credit Exemptions at SIM: A Guide for Polytechnic and SIM GE Diploma Graduates
Understanding Credit Exemptions
Credit exemptions enable students to receive recognition for modules previously completed during prior studies. This eliminates the need to repeat similar content, allowing eligible students to focus on new areas of learning. This practice, widely adopted in higher education, ensures students build upon existing knowledge while meeting the academic standards of their chosen degree programme.
Eligibility and Assessment
Credit exemptions at SIM GE are not granted automatically. Each application undergoes a rigorous evaluation to maintain academic integrity. The assessment considers several factors, including the relevance of previous qualifications to the chosen degree, the level and content of prior modules compared to the programme requirements, and the accreditation and recognition of the awarding institution. Through these measures, SIM GE ensures flexibility for students with diverse educational backgrounds while upholding academic excellence.
Types of Exemptions Available
SIM offers several pathways for credit exemptions, depending on prior qualifications and programme requirements. Holders of relevant Polytechnic or equivalent diplomas may receive exemptions that can reduce the overall study duration by up to one year, subject to programme-specific criteria and GPA requirements. Students who have completed SIM GE diplomas or other recognized qualifications may be eligible for advanced standing when enrolling in selected partner university programmes offered through SIM Global Education. For applicants with qualifications outside standard frameworks, exemptions are assessed individually on a case-by-case basis to ensure alignment with academic standards and programme requirements.
Key Information for Applicants
Credit exemptions are designed to acknowledge prior learning while ensuring that all students meet the academic standards of their chosen programme. They are not guaranteed and vary based on factors such as the relevance of previous qualifications, programme requirements, and institutional recognition. Applicants are encouraged to review the specific exemption policies for their intended programme and seek guidance from SIM Counsellors to understand their options.
References:
- SIM GE University Partners – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/university-partners-sim-ge
Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills
The issuer is solely responsible for the content of this announcement.
About SIM Global Education
SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.
SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.
For more information on SIM Global Education, visit sim.edu.sg
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30 Million Strong: China Changan Automobile Group Hits Historic Production Milestone, Ushering in New Era of User-Centric, Tech-Driven Global Growth
“Changan remains committed to delivering smarter, greener, and more fulfilling mobility, meeting the aspirations of global users for a better future.” said Zhu Huarong, Chairman of China Changan Automobile Group.
Uncompromising Safety: The “Safe Journey Home”
Safety is Changan’s top priority, a commitment dating back to 1999 with China’s first minivan crash test. Since then, the company has advanced its protective capabilities from passive safety structures to today’s active safety interventions. Backed by the industry’s only State Key Laboratory of Intelligent Vehicle Safety Technology, Changan uses its proprietary CA-ITVS verification system to subject vehicles to over 5 million kilometers of testing—guaranteeing a lifespan of 10 years or 260,000 kilometers.
In the smart era, Changan is redefining protection with its newly launched “SDA Intelligence”. Moving beyond physical defense, SDA Intelligence introduces a holistic safety ecosystem that secures both passengers and their data, ensuring a “Safe Journey Home” in every dimension.
Tech-Driven: Innovations That Matter
Driven by its Green and Intelligent strategies, Changan is bringing tangible innovations to market. The Green Plan targets electrification, battery safety, and new energy vehicle ecosystems, while the Intelligent Plan advances vehicle intelligence, autonomous systems, and connectivity. Key breakthroughs include the Golden Shield Battery system for superior safety, and the high-frequency pulse heating for cold-weather efficiency. The BlueCore 3.0 powertrain delivers hybrid and ICE solutions, balancing high performance with exceptional fuel economy. These technologies ensure that every journey is efficient and reliable.
A Bold Future: Smart Mobility and Global Reach
Looking ahead to 2030, Changan has unveiled a visionary roadmap to rank among the world’s top 10 automotive brands with annual sales of 5 million units. By 2030, Changan expects over 60% of sales to be new energy vehicles and 30% to come from overseas markets, solidifying its place on the world stage.
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