[Hong Kong SFC Adds 'Hong Kong Stablecoin Exchange' to List of Suspicious Virtual Asset Trading Platforms] The Hong Kong Securities and Futures Commission has announced the addition of 'Hong Kong Stablecoin Exchange' to the list of suspicious virtual asset trading platforms, stating that the entity is suspected of conducting unlicensed activities or engaging in virtual asset-related fraudulent activities. The entity falsely claims to have been jointly established by HKEX, SEHK, and HKFE, but in fact has no connection with any of them.

[Paradigm Head of Market Development Nick Martitsch and Partner Charlie Noyes Resign] Paradigm Head of Market Development Nick Martitsch announced that after building and advancing the GTM function for three years, this week will be his last week working at Paradigm. Previously, Paradigm General Partner Charlie Noyes announced his resignation from the relevant position but will continue to serve as a board observer for Kalshi alongside Paradigm founder Matt Huang. He will also continue to support Paradigm's portfolio companies and their founders.

[glassnode: Almost all cryptocurrency average returns in the past three months were lower than Bitcoin] glassnode posted on the X platform, stating that in the past three months, the average returns across almost all areas of the cryptocurrency sector were lower than Bitcoin. This persistent relative weakness highlights a market environment where capital concentration favors BTC.

[Onchain Lens: An ETH Whale Withdraws After Losing $4.86M in Two Long Positions] Onchain analyst Onchain Lens monitoring reveals that a major Ethereum holder suffered losses after two consecutive high-leverage operations and has completely exited the market. The investor first closed a 7x leveraged ETH long position, incurring a loss of $3.34M, then opened a new 8x leveraged ETH position worth approximately $17M, ultimately closing it with a $1.23M loss. The two operations resulted in a total loss of $4.86M, and the investor has withdrawn all remaining funds from the HyperLiquid platform.

BBX News: Yesterday, mainstream institutions continued to deepen their allocation of core encrypted assets Bank holdings: DBS Bank of Singapore (SGX: D05) has disclosed receiving 2000 ETH from Galaxy Digital, with a total disclosed cryptocurrency asset size exceeding $1.2 billion (including 159000 ETH and 7861 BTC). Mining companies increase holdings: American Bitcoin Corp (NASDAQ: ABTC) increases holdings of 261 BTC, with a total holding of 5044 BTC, implementing the "mining+treasury" strategy. ETH Treasury: BitMine (NYSE: BMNR) has revealed that its ETH holdings have reached nearly 3.97 million coins, consolidating its position as an enterprise level core holder of Ethereum. The institutional configuration path is further differentiated, with traditional finance and crypto native enterprises following their own paths. Source: bbx.com