On October 20th, according to 4E, a number of crypto executives (including Coinbase, Chainlink, Galaxy, etc.) will hold a closed-door roundtable meeting with Democrats in the US Senate this week to discuss market structure legislation and the direction of the industry. The meeting was chaired by Senator Kirsten Gillibrand, against the backdrop of the industry backlash caused by the Democratic DeFi regulatory proposal.
According to data from the Hong Kong Stock Exchange, as of the end of September, the asset management scale of virtual assets ETP in Hong Kong has reached 8.10 billion Hong Kong dollars, making it the largest market in the Asia-Pacific region. The Hong Kong Stock Exchange plans to promote the digitization of the redemption mechanism in the primary market to enhance liquidity.
According to Lianhe Zaobao, companies such as Ant Group and JD.com have suspended plans to issue stablecoins in Hong Kong. Hong Kong has implemented the Stablecoin Ordinance since August, and a total of 36 institutions have submitted applications for licenses.
Chain data shows that a giant whale holding $250 million BTC and ETH multiple orders is currently losing about $2.95 million.
4E reminds investors that regulation and institutional behavior are accelerating their impact on the market structure, causing short-term volatility or exacerbation. Investors should remain cautious and pay attention to the pace of policy and changes in market liquidity.
4E: US Senate to meet with a number of crypto executives behind closed doors; HKEx virtual asset ETP scale reaches HK $8.10 billion
2025-10-20 05:32:46
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