[Hong Kong Media: Hong Kong Financial Services Development Council Held Stablecoin Meeting at the End of August, Attended by Ant Group, LianLian Pay, HKEX, etc.] According to a report by Jinse Finance, citing information disclosed by Hong Kong Economic Times, the Hong Kong Financial Services Development Council (FSDC) held a meeting on stablecoins at the end of last month. The meeting covered five major discussion topics, including the Hong Kong Monetary Authority's proposed stablecoin guidelines, licensing mechanisms, ecosystem collaboration, the establishment of a dedicated task force, and a focus on KYB (Know Your Business) and KYC (Know Your Customer). It is reported that attendees included institutions interested in applying for stablecoin issuer licenses, such as Ant Group, LianLian Pay, and HKEX. However, the Hong Kong Monetary Authority did not send representatives to the meeting. The FSDC was represented by its Executive Director, Au King-lun, and Director and Head of Policy Research, Tung Yat-yue. The entire meeting lasted over two hours, and the FSDC has not yet responded regarding the outcomes of this meeting.

[South Korea Financial Services Commission Nominee Pledges to Crack Down on Cryptocurrency Misconduct] According to a report by Jinse Finance, Lee Eog-weon, the nominee for chairman of South Korea's Financial Services Commission (FSC), has publicly pledged to take strict measures to combat misconduct in cryptocurrency trading. In a written response submitted for his confirmation hearing, he emphasized that he would rely on the existing legal framework of the Virtual Asset User Protection Act, implemented in July 2024, to curb insider trading, market manipulation, and other illicit activities in the virtual asset sector. The confirmation hearing, scheduled for September 2, will be a critical step in formally implementing these regulatory enforcement measures.

[Record $3.87 Billion Inflows into U.S. Ethereum Spot ETFs in August] According to Cointelegraph, U.S. Ethereum spot ETFs saw net inflows of $3.87 billion in August, setting a historic high. In the same month, Bitcoin spot ETFs experienced net outflows of $751 million.

BBX News: Last week, the global listed companies' allocation of encrypted assets reached 6.5 billion US dollars, and the trend of diversified layout is significant -New main force: DeFi Development throws 371 million and holds 1.83 million SOLs to become a giant whale; Caliber is the first publicly listed company to support LINK. -BTC chart topping: KindlyMD applies for 5 billion ATM issuance, Metaplanet raises 880 million, Boya, DDC and others continue to increase their holdings. -Ecological consolidation: Bitmine holds over 1.71 million ETH coins, while CEA Industries holds over 350000 BNB coins. The institutional configuration has entered a new stage of "flourishing" from the "dual competition". Source: bbx.com

[User Loses Over $450,000 in QNT Tokens Due to Signing 'increaseApproval' Phishing Transaction] According to data monitored by Scam Sniffer, a user suffered significant losses after signing a phishing transaction named 'increaseApproval,' resulting in the theft of QNT tokens valued at $451,107. This incident highlights the potential risks associated with smart contract interactions in the cryptocurrency space, reminding users to exercise caution when authorizing transactions to avoid asset losses caused by careless operations.