The Hong Kong Securities and Futures Commission (SFC) has identified the 'Sheng•Jiangxiang Original Liquor RWA Token' as a suspicious investment product. Announced on December 24, the token purports to represent physical baijiu assets and shares in a Hong Kong-listed company, promising profit-sharing upon maturity. The SFC has cautioned investors about the potential for significant or total losses associated with this product. This development comes as the SFC continues to scrutinize altcoins and other digital assets, emphasizing the importance of investor vigilance. The fear and greed index remains a critical measure of market sentiment amid ongoing regulatory oversight.