Hong Kong Web3 Daily Must-Read: The US SEC is implementing a blockchain stock trading plan, and the first digital renminbi-backed loan has been launched in Beijing.
Fear and Greed Index: 51 (Neutral)
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BTC/ETH Spot ETF Fund Flow (10.1)
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Hong Kong
BTC/ETH Spot ETF Fund Flow (9.30)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 0 ETH
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In fact, the offshore profit exemption in Hong Kong is not a tax incentive that can be easily obtained, but a systematic project that requires deep tax knowledge, meticulous business planning, and precise operational execution. It tests not only the company's understanding of tax laws but also its ability to build a compliant and sustainable international business model.
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]( Selected Activities in Hong Kong for October
We have specially compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
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[]( Selected Activities in Hong Kong for October
We have specially compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
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[]( Selected Activities in Hong Kong for October
We have specially compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
Under the guidance of the National Financing Guarantee Fund, Beijing Re-guarantee Company has successfully facilitated the digital RMB guarantee loan between Guohua Guarantee and Beijing Rural Commercial Bank. As the first batch guarantee loan in Beijing using digital RMB, it not only realizes the innovative application of digital RMB in financing guarantee scenarios but also promotes the upgrade of the currency and payment system in the digital era.
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The U.S. government has begun shutting down most operations after funding bills failed to progress in Congress.
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[]( SEC Confirms State-Chartered Trust Companies Can Act as Custodians for Crypto Assets
The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter confirming that under the Investment Advisers Act of 1940, investment advisers can use state-chartered trust companies as qualified custodians for crypto assets. This letter responds to a formal request from Simpson Thacher & Bartlett law firm.
The U.S. Securities and Exchange Commission (SEC) is rapidly implementing a blockchain stock trading program. Insiders say, "The SEC's initiative will provide exemptions for blockchain-based stock trading, meaning some rules governing stock trading will no longer apply. The scope or time limits of the exemptions are not yet clear. This move will allow trading to start quickly."
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The European Systemic Risk Board (ESRB) has approved a proposal led by the European Central Bank (ECB) to ban "multi-jurisdictional" stablecoins, which are issued simultaneously in the EU and other jurisdictions. Although the proposal is not legally binding, it will pressure national regulators to enforce related restrictions or explain how to ensure financial stability without adopting the ban.
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The European Systemic Risk Board (ESRB) has approved a proposal led by the European Central Bank (ECB) to ban "multi-jurisdictional" stablecoins, which are issued simultaneously in the EU and other jurisdictions. Although the proposal is not legally binding, it will pressure national regulators to enforce related restrictions or explain how to ensure financial stability without adopting the ban.
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[](
The European Systemic Risk Board (ESRB) has approved a proposal led by the European Central Bank (ECB) to ban "multi-jurisdictional" stablecoins, which are issued simultaneously in the EU and other jurisdictions. Although the proposal is not legally binding, it will pressure national regulators to enforce related restrictions or explain how to ensure financial stability without adopting the ban.
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[](
The European Systemic Risk Board (ESRB) has approved a proposal led by the European Central Bank (ECB) to ban "multi-jurisdictional" stablecoins, which are issued simultaneously in the EU and other jurisdictions. Although the proposal is not legally binding, it will pressure national regulators to enforce related restrictions or explain how to ensure financial stability without adopting the ban.
Coinbase has issued over $1 billion in on-chain loans collateralized by Bitcoin through the DeFi protocol Morpho. Coinbase CEO Brian Armstrong stated that the next goal is to achieve $100 billion in on-chain lending issuance.
OSL Group announced a partnership with the Solana Foundation to jointly promote the global compliant development of real-world asset (RWA) tokenization, meeting the growing market demand from institutional investors. OSL revealed that several financial institutions have already shown clear interest in deploying tokenized financial products on the Solana network through OSL Group.
The BNB Chain team announced that they have regained full access to the English official Twitter of BNB Chain. The root cause of the data breach is still under active investigation, and they will share the latest developments as soon as possible. The expected loss is $8,000, and victims will receive full compensation. During the account theft, a total of 10 phishing links were posted, resulting in a total of $8,000 being stolen on-chain. The largest victim was a single user who lost $65,000. Additionally, the attacker deployed a phishing contract address, initially injecting $17,800 and redeeming 100% of the Meme tokens for $22,000.
According to SlowMist MistTrack monitoring, the attackers of the cryptocurrency trading platform WOO X began to transfer stolen funds after being silent for more than two months.
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Tether CEO Paolo Ardoino announced at the Token2049 conference in Singapore that the company plans to promote its newly launched stablecoin USAT, specifically for the U.S. market, through the video streaming platform Rumble. Ardoino revealed that Rumble will launch a crypto wallet based on Tether technology later this year.
]( Became the fourth largest publicly listed Bitcoin financial company in the world
Metaplanet has become the fourth largest publicly listed Bitcoin financial company in the world after increasing its holdings by 5,268 Bitcoins. The top three are Strategy, MARA Holdings, and XXI.
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[]( Became the fourth largest publicly listed Bitcoin financial company in the world
Metaplanet has become the fourth largest publicly listed Bitcoin financial company in the world after increasing its holdings by 5,268 Bitcoins. The top three are Strategy, MARA Holdings, and XXI.
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]( Will launch a new debit card and consider tokenizing asset classes such as real estate and oil
WLFI CEO Zach Witkoff announced the launch of a new debit card that connects crypto assets with everyday spending. Additionally, WLFI is actively considering tokenizing asset classes such as real estate, oil, and natural gas.
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[In-depth & Outlook]( Will launch a new debit card and consider tokenizing asset classes such as real estate and oil
WLFI CEO Zach Witkoff announced the launch of a new debit card that connects crypto assets with everyday spending. Additionally, WLFI is actively considering tokenizing asset classes such as real estate, oil, and natural gas.
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[Plasma is a customized L1 public chain optimized for stablecoins. As stablecoins continue to penetrate globally, we believe Plasma will fully seize this macro trend by providing highly customized infrastructure for payments, remittances, fiat channels, foreign exchange, and DeFi.
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[](<p class=)[Cathie discussed the recent strong performance of gold and its potential impact on the cryptocurrency market and the overall financial market. She provided valuable insights for investors to navigate challenges in this rapidly changing field, helping them better grasp market trends and investment opportunities.
Views
]( Cathie Wood: Ark Invest's three main directions, Bitcoin, Ethereum, and Solana are the final choices<p class=)
[]( Cathie Wood: Ark Invest's three main directions, Bitcoin, Ethereum, and Solana are the final choices
From on-chain data, we seem to be in a phase of severe "discrepancy" in the data: historically, the alarm has already sounded. The time window is approaching: Bitcoin's four-year halving cycle typically peaks 12 to 18 months after the halving. Now, we are entering this critical time window.
