Chen Maobo: Hong Kong will issue a second policy declaration on digital asset development in June
2025-06-13 07:32:37
Paul Chan, the financial secretary of the Hong Kong Special Administrative Region government, said at the 2025 Caixin Summer Summit that Hong Kong has launched a licensing system for digital asset trading platforms and a stablecoin licensing system, and is advancing regulatory arrangements for custody and over the counter. "This month, we will issue the second policy declaration on the development of digital assets in Hong Kong, focusing on the combination of financial services and innovation, and expanding the application of digital assets." (Shanghai Securities News)
7x24 Newsflash
22:05 2025-06-25
Vitalik Buterin-powered on-chain privacy solution Privacy Pools adds stablecoin supportPrivacy Pools, an on-chain privacy solution backed by Ethereum co-founder Vitalik Buterin, is adding support for stablecoins, providing a way to use assets such as USDT and USDC like cash, according to an announcement made on Wednesday. The protocol plans to add support for Tether's USDT, Circle's USDC and Sky's algorithmic DAI stablecoins.
Privacy Pools was created by Ameen Soleimani and Zak Cole to enable on-chain privacy while maintaining compliance. It takes a hybrid approach first proposed ...
22:05 2025-06-25
The probability that the Federal Reserve will keep interest rates unchanged in July is 75.2%.According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in July is 75.2%, and the probability of a 25 basis point cut is 24.8%. The probability that the Fed will keep interest rates unchanged in September is 10.6%, the probability of a cumulative 25 basis point cut is 68.1%, and the probability of a cumulative 50 basis point cut is 21.3%.
22:05 2025-06-25
Believing that intelligence has been leaked, the Trump administration will restrict the sharing of classified information with CongressAccording to CCTV News, on June 25 local time, reporters learned that the Trump administration will restrict the sharing of classified information with Congress. An unnamed senior White House official said that the US government believes that the Defense Intelligence Agency's early assessment report on the attack on Iran was leaked after it was released to CAPNET (a system used to share classified intelligence with Congress) on the evening of the 23rd. Because CNN and The New York Times reported...
21:59 2025-06-25
Invesco and Galaxy Submit Solana ETF S-1 Registration Statement to SECInvestment management firm Invesco Ltd and cryptocurrency-focused firm Galaxy Digital LP have joined the competition for the Solana ETF. Subsidiaries of the two companies filed a registration statement with the Securities Exchange Commission on Wednesday to apply for the "Invesco Galaxy Solana ETF". If approved, the fund will trade on the Chicago Board Options Exchange (Cboe) BZX under the ticker symbol "QSOL", the statement said.
Invesco Capital Management LLC will be the initiator and Bank of ...
21:53 2025-06-25
Bit Digital will fully transform into an Ethereum staking and treasury company, gradually exiting its bitcoin mining businessBit Digital (code: BTBT), a US-listed company, announced a strategic transformation. It plans to phase out its bitcoin mining business and gradually convert its holdings of BTC into ETH, focusing on Ethereum staking and asset allocation, becoming a "pure Ethereum staking and treasury company". The company will sell shares and spin off its high-performance computing subsidiary WhiteFiber to raise funds to buy more ETH. As of the end of March this year, Bit Digital had held more than 24,000 ETH an...
20:55 2025-06-25
Iran's eastern airspace has been reopenedA spokesperson for Iran's Ministry of Roads and Urban Development announced on the evening of the 25th that Iran has opened its eastern airspace for domestic, international and transit flights. The spokesperson of the department, Majid Akavan, said in the statement that after approval by the Civil-Military Coordination Committee of Iran's Civil Aviation Organization and a security evaluation based on the current situation in Iran, in order to gradually resume normal flights and fully guarantee f...
20:49 2025-06-25
The CIA says several key Iranian nuclear facilities have been destroyedOn June 25 local time, a statement released by the CIA confirmed that according to a series of reliable intelligence, Iran's nuclear program has been severely damaged in recent US attacks, and intelligence shows that several key nuclear facilities in Iran have been destroyed and will take years to rebuild. According to the statement, the CIA is continuing to gather more reliable sources of information so that relevant decision makers and watchdogs are fully informed. The statement pointed out th...
20:49 2025-06-25
Trump denies discussing ceasefire with ZelenskyOn June 25, US President Trump met with Ukrainian President Zelensky on the sidelines of the NATO summit in The Hague, the Netherlands. According to Zelensky's social media post, the two sides discussed issues such as the ceasefire between Russia and Ukraine. But Trump denied to the media that he had discussed the ceasefire with Zelensky, saying that he would hold another call with Russian President Vladimir Putin to see if the war could be ended. Trump also said at a press conference after the ...
20:49 2025-06-25
US-listed company Mega Matrix buys 12 BTC for the first timeNew York Stock Exchange-listed company Mega Matrix Inc. announced that it has bought 12 bitcoins for the first time at an average price of $105,554. The company announced last month that its board has approved bitcoin and ethereum as treasury reserve assets, aiming to strengthen its long-term balance sheet.
20:40 2025-06-25
The three major U.S. stock indexes closed mixedThe three major U.S. stock indexes closed up and down, with the Nasdaq rising 0.31%, the S & P 500 closing flat, and the Dow falling 0.25%. Large technology stocks rose and fell, with Nvidia rising more than 4%, and its stock price hit a new high. Its total market capitalization was 3.77 trillion US dollars, once again becoming the world's most valuable company. Google rose more than 2%, Microsoft and Apple rose slightly; Tesla fell more than 3%, Intel fell more than 1%, and Netflix, Amazon, and...
18:33 2025-06-25
Bernstein has sharply raised its Coinbase stock price target from $310 to $510Brokerage firm Bernstein has sharply raised its price target on Coinbase shares from $310 to $510, and reiterated its outperform rating on the stock. Bernstein said that the Coinbase exchange is the only cryptocurrency-native company in the Standard & Poor's 500 index, and despite competitive pressures, Coinbase continues to dominate U.S. market trading, while also solidifying its role as a universal bank for cryptocurrencies.
17:44 2025-06-25
The Federal Reserve plans to ease leverage requirements for large banksThe Federal Reserve has revealed plans to ease the capital regime for key banks. The document shows that the Federal Reserve has proposed reforms to ease the enhanced supplementary leverage ratio requirements for large banks. Federal Reserve Chairperson Powell said that it is prudent for the Federal Reserve to reconsider the relevant rules in light of the significant increase in the size of relatively safe assets on banks' balance sheets. The statement shows that Federal Reserve Governors Barr a...
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