On December 19, according to the Hong Kong Economic Times, Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, said at the event on Friday (19th) that as of the end of September this year, 36 applications for stablecoin licenses from various industries have been received. It is expected that some licenses will be issued early next year. Priority will be given to sound reserve management, price stability and anti-money laundering measures. He pointed out that the relevant ...
HyperSwap, a DEX protocol based on the Hyperliquid network, has released the economics of SWAP tokens. The total supply of SWAP tokens is capped at 100 million, and TGE will be launched on October 20. Of this, 25% will be used for community genesis distribution (fully unlocked), 25% will be used for investor genesis distribution (fully unlocked), 25% will be used for future liquidity mining issuance (of which 15 million tokens will be unlocked linearly within 36 months, and the remaining 10 mill...
Grass, a DePIN project based on the Solana ecosystem, announced a $10 million bridge financing, with Polychain and Tribe Capital participating. It is reported that this is the third time Polychain Capital has supported Grass projects. Previously, the institution participated in its seed round and A round of financing.
Ed Financial has announced that its Ed Securities Futures has been approved by the Hong Kong Securities Supervision Commission to upgrade its Type 1 regulated activity license, and will actively expand the field of tokenized physical assets (RWA). By allowing the distribution of tokenized securities, the product range will be further expanded to cover cryptocurrencies, traditional and digital securities. It is reported that Ed Financial has previously launched the first silver RWA project in Hon...
Moody's forecasts a 49% probability of a U.S. recession in the next 12 months, with the economies of states that contribute one-third of U.S. GDP facing recession or high risk. Click to view...
According to @TheBlock__, Kraken says it is the first major exchange to fully deploy Ethereum's staking distributed validator technology, which improves system availability and reduces staking penalty risk by using the SSV Network. SSV Network's DVT technology distributes validator keys to independent operators for joint signing, adding geographic location and client side diversity to staking operations.
Vice President Vance: We appreciate Musk's contribution to the DOGE early process. Talks have been held with Musk and Trump to ensure Musk supports the president's policies. Trump is disappointed with Musk, but has no intention of engaging in a long-term confrontation with him.
Affected by the weekend news, international crude oil opened sharply on Monday. Saudi Arabia no longer sticks to its production cut stance. Behind this "self-price reduction" is a punishment for illegal oil producers and a political gift to the United States. Click to view...
On March 23rd, Minister of Finance Lan Foan said at the "China Development Forum 2025 Annual Meeting" that one of the focuses of this year's fiscal policy is to vigorously boost consumption. The central government has provided real money to promote consumption on both sides of supply and demand. This year, 300 billion yuan of super-long-term special government bond funds will be arranged to support consumption "trade-in". The scale of funds has doubled from last year, directly reducing consumers...