Fear and Greed Index: 42 (Neutral)
Bitcoin Price: $114,245
BTC/ETH Spot ETF Fund Flow (10.27)
BTC Net Inflow: $84.03 M
ETH Net Inflow: $61.42 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (10.27)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 0 ETH
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Upon reviewing documents, it was found that Ant Group has applied for a series of trademarks related to virtual assets, stablecoins, and blockchain in Hong Kong, including "ANTCOIN", possibly as a preparatory move for future business expansion, aiming to extend beyond traditional payments into the fintech sector.
]( RWA tokenization technology, specific plans still need further discussion
Hong Kong-listed company Datang Xishi announced that it is in the preliminary stages of exploring the application of RWA tokenization technology. The company is currently planning to hire an external expert team in blockchain, digital finance, and compliance to assist in the exploration, which may include relevant feasibility studies, legal assessments of local and international laws and regulations related to RWA conducted by legal advisors, financial and tax assessments by professional consultants, and technical solutions provided by technology service providers. The related work is still in the preliminary stage. As of the time of publication, Datang Xishi has not made any decisions or formulated specific plans regarding whether or how to proceed with any RWA tokenization plans.
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[Regulation/Macro
]( Selected Activities in Hong Kong for October
We have specifically 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 specifically compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
<span style=)
[]( Selected Activities in Hong Kong for October
We have specifically compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
Pan Gongsheng, Governor of the People's Bank of China, stated today at the 2025 Financial Street Forum Annual Meeting that in recent years, virtual currencies issued by market institutions, especially stablecoins, have been emerging continuously, but overall they are still in the early stages of development. International financial organizations and financial management departments such as central banks generally hold a cautious attitude towards the development of stablecoins.
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Pan Gongsheng, Governor of the People's Bank of China, stated today at the 2025 Financial Street Forum Annual Meeting that in recent years, virtual currencies issued by market institutions, especially stablecoins, have been emerging continuously, but overall they are still in the early stages of development. International financial organizations and financial management departments such as central banks generally hold a cautious attitude towards the development of stablecoins.
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Pan Gongsheng, Governor of the People's Bank of China, stated today at the 2025 Financial Street Forum Annual Meeting that in recent years, virtual currencies issued by market institutions, especially stablecoins, have been emerging continuously, but overall they are still in the early stages of development. International financial organizations and financial management departments such as central banks generally hold a cautious attitude towards the development of stablecoins.
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Pan Gongsheng, Governor of the People's Bank of China, stated today at the 2025 Financial Street Forum Annual Meeting that in recent years, virtual currencies issued by market institutions, especially stablecoins, have been emerging continuously, but overall they are still in the early stages of development. International financial organizations and financial management departments such as central banks generally hold a cautious attitude towards the development of stablecoins.
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[](
Pan Gongsheng, Governor of the People's Bank of China, stated today at the 2025 Financial Street Forum Annual Meeting that in recent years, virtual currencies issued by market institutions, especially stablecoins, have been emerging continuously, but overall they are still in the early stages of development. International financial organizations and financial management departments such as central banks generally hold a cautious attitude towards the development of stablecoins.
Mt. Gox has extended the repayment deadline by another year. The original repayment deadline of October 31, 2025, has been extended to October 31, 2026. This change has been approved by the court and aims to provide more time for creditors who have not completed the relevant procedures or have not received repayments due to issues in the process.
An Indian court ruled that cryptocurrencies are legally considered property. Last Friday, the Madras High Court prohibited WazirX, India's largest crypto exchange, from redistributing 3,532 XRP held by a customer to offset losses from a $234 million hack the platform suffered in July last year.
Ant's self-custody wallet TOPNOD has entered the public testing phase overseas, allowing users to trade cryptocurrencies through third-party platforms. The app has been listed on the App Store and Google Play in regions such as Singapore. Currently, TOPNOD is not available in the Hong Kong app store, and the website also denies direct access to Hong Kong users.
GMGN co-founder Haze tweeted that the team has compensated users affected by MEV attacks. "48 hours ago, we suffered an MEV attack, affecting 729 transactions. You don't need to do anything; we calculated your losses and have sent them to your wallet yesterday."
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Financial services company Western Union will pilot a stablecoin-based settlement system to modernize remittance services for its over 150 million customers. Western Union CEO Devin McGranahan stated in the third-quarter earnings call that the pilot project "focuses on utilizing on-chain settlement tracks to reduce reliance on traditional correspondent banking systems, shorten settlement windows, and improve capital efficiency."
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[In-Depth & Outlook](
Financial services company Western Union will pilot a stablecoin-based settlement system to modernize remittance services for its over 150 million customers. Western Union CEO Devin McGranahan stated in the third-quarter earnings call that the pilot project "focuses on utilizing on-chain settlement tracks to reduce reliance on traditional correspondent banking systems, shorten settlement windows, and improve capital efficiency."
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The space economy is rapidly expanding, and blockchain is becoming part of its infrastructure. SpaceCoin, Copernic Space, and TON are demonstrating how decentralization can make this final frontier more open and inclusive.
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The space economy is rapidly expanding, and blockchain is becoming part of its infrastructure. SpaceCoin, Copernic Space, and TON are demonstrating how decentralization can make this final frontier more open and inclusive.
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The space economy is rapidly expanding, and blockchain is becoming part of its infrastructure. SpaceCoin, Copernic Space, and TON are demonstrating how decentralization can make this final frontier more open and inclusive.
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Cryptocurrency has gone through the first two phases. Now it has entered the third phase. This is not the noisy, frenzied bull market of 2021—but a low-key accumulation phase built on legitimacy, compliance, and infrastructure development. Ironically, by the time most investors realize it, it will be too late. Institutional investors have long entered the market—asset allocation models have been set, compliance has been approved, and investment exposures have been determined.
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[Perspective](
Cryptocurrency has gone through the first two phases. Now it has entered the third phase. This is not the noisy, frenzied bull market of 2021—but a low-key accumulation phase built on legitimacy, compliance, and infrastructure development. Ironically, by the time most investors realize it, it will be too late. Institutional investors have long entered the market—asset allocation models have been set, compliance has been approved, and investment exposures have been determined.
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[The future of Ethereum will no longer be like the past. With the launch of the SEC's "crypto plan" and the passage of the crypto market structure bill in Congress, the days of Ethereum being seen as a "financial wilderness" are coming to an end. Moreover, staking on Ethereum is no longer a niche activity limited to crypto-native platforms—it is becoming a regulated institutional-grade market.
]( The "Waterfall Effect" of billions of dollars discusses how staking ETFs and DAT companies are reshaping the Ethereum market ecosystem<p class=)
