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17
Dec 2025
(Wed)

Any correlation between Bitcoin, Ethereum and Gold? And now Stablecoin Explained (17 Dec 2025)

Subject
FinTech and Financial Analytics
Print
Date & time
17Dec 2025 (Wed)13:00 - 13:45
Fee
Free
Speaker
  • Mr Ivan Chan (Specialist in risk management and investment banking)

Mr Ivan Chan

Out of 16+ years of working experience in capital market and investment banking, Mr. Chan, being a seasoned risk management practitioner, has held several departmental head positions in which he is responsible for overall risk appetite and framework along with oversight responsibility on the ASEAN regional subsidiaries conglomerate. In addition to his PhD candidacy in Business from Singapore, he has obtained software engineering bachelor from CUHK and Master of Finance in Risk Management and Financial Engineering from HKU. Moreover, as a passionate and highly committed risk professional, Mr. Chan also holds professional qualifications such as CFA and FRM respectively.

REGISTER (ONLINE ATTENDANCE)
Enquiry
2867 8331 (finedec@hkuspace.hku.hk)
Relevant Programmes
Postgraduate Diploma in FinTech and Legal Regulations Postgraduate Diploma in Financial Analytics and Algo Trading Postgraduate Diploma in Finance and Data Analytics Certificate for Module (Web 3.0 and FinTech) Certificate for Module (Portfolio Optimisation and Risk Management with Python)
moreRelevant Programmes
Title: Bitcoin vs Ethereum: What are they? And what for stablecoin

Bitcoin and Ethereum are the most dominant cryptocurrencies, both accumulative account for over 90% in term of market capitalization excluding stablecoin, out of more than two thousands currently in the market. They are both in a form of digital asset that trades via various DEX or centralizated regulated trading platforms. However there are quite many key differences among them though.

Bitcoin (BTC) is designed as a monetary storage (some proclaim as alternative of Gold) and medium of transaction and as an alternative to fiat currency. Ethereum (ETH), otherwise, is intended for complex smart contracts or dApps which contribute and act as key infrastructure of the emerging Web3.0 future.

In light of recent rapid further innovation (like staking protocol) and adoption, the price of BTC and ETH have been risen more than double in past 12 months and also exhibited a huge volatility. The speaker will give a brief introduction of above crypto with some attention drawn to the relationship and correlation among Bitcoin, Ethereum, Gold, XRP and S&P500 – as shown in below charts.

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The speaker will then also talk about the latest development and impacts of the recently passed GENIUS Act in U.S. and the Stablecoins Ordinance (Cap. 656) in HK. To say, Stablecoin per se. is NOT referring the price to be fixed or stable, it’s referring to link or collateralize by some tangible asse shifting from no intrinsic value issue. At 10 Oct 2025, one of most selloff in crypto, USDe has experienced flash crash to as low as 0.65 USDEUST, per shown below.

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Source: Bloomberg

 

Language: Cantonese (Supplemented with English)