[Caixin: Multiple Types of Chinese Institutions in Hong Kong Ordered to Scale Back Crypto Asset Businesses, 'Treasury Company' Model Likely to Be Restricted] Foresight News reports that Caixin has published an article revealing the internal details of multiple institutions being required to scale back their crypto asset businesses in Hong Kong. The article points out that internet platforms, Chinese securities firms, Chinese banks, and other institutions in Hong Kong have all been instructed to temporarily halt various activities involving crypto assets, including investment, trading, issuance of RWA, and stablecoins. Among these, securities firms that have obtained the qualification to 'provide virtual asset trading services' are under particular scrutiny, as their clients can directly trade Bitcoin, Ethereum, Tether, and other cryptocurrencies within their accounts. From the perspective of asset classification, Hong Kong divides virtual assets into security-type virtual assets and non-security-type virtual assets. It is reported that the 'Treasury Company' model will face restrictions. During this wave of virtual currency innovation, the leveraged investment in crypto assets using the 'Treasury Company' model has been rapidly replicated. Many Chinese enterprises listed on the Hong Kong and U.S. stock exchanges have announced the purchase of Bitcoin, Ethereum, and other crypto assets, aiming to profit from both stock price and cryptocurrency price increases. Now, this model is highly likely to be restricted.
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もっと >加密货币财库规模达1050亿美元
[The Scale of Cryptocurrency Treasury Reaches $105 Billion] According to a report by Coin Bureau, the total value of digital assets held by publicly listed companies and funds has now reached $105 billion, as reported by Jinse Finance.
韩国国民力量党提出《数字资产市场整合法案》，涵盖衍生品监管等多项
[South Korea's People Power Party Proposes 'Digital Asset Market Integration Act,' Covering Derivatives Regulation and More] Kim Jae-seop, a member of South Korea's People Power Party, has submitted the 'Digital Asset Market Integration Act' to the National Assembly. This marks the first virtual asset industry bill proposed by South Korea's largest opposition party and the third industry-specific legislative proposal submitted to the National Assembly. The bill is comprehensive, covering the definition of digital assets, business licensing and registration systems, governance structures and internal control standards, user asset protection, unfair trading regulations, and obligations for stablecoin issuance and redemption. Additionally, the bill includes special provisions for digital asset derivatives and the establishment of a professional brokerage system, aiming to provide a comprehensive legal framework for South Korea's digital asset market.
Hot search list: UXLINK's popularity has risen, with a 5.60% increase in 24-hour sales
According to the popularity ranking, UXLINK's popular followers have decreased by 310000 compared to yesterday, ranking first. The popularity ranking is as follows: ① UXLINK （$0.08710，5.60%） ② ASTER （$2.27，36.75%） ③ 0G （$5.29，-6.87%） ④ HEMI （$0.1747，48.68%） ⑤ AVAX （$34.31，-2.06%） UXLINK's main fund selling force is weak, with a net outflow of $11.2123 million in 24 hours and a transaction volume of $797 million in 24 hours, of which the main fund net inflow is $213700.
Binance Announces Launch of Fluid (FLUIDUSDT Perpetual Contract)
Binance has announced the addition of Fluid (FLUIDUSDT Perpetual Contract) to multiple services, including futures contracts, officially launching on 2025-09-24 at 18:15 (UTC+8). Notes: - The maximum leverage is 75x; risk management should be carefully considered. - Funding rates are settled every four hours, with a range of +2.00%/-2.00%. - Binance may adjust contract specifications, including leverage and margin requirements, based on market risk conditions.
Bitcoin Stalls Around $112K as Whales Lead Wave of Selling
Cohort selling and long-term holder distribution add to ongoing pressure.