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Secretary Lee Ka-chiu delivers Opening Remarks at Consensus Hong Kong: Committed to Establishing Hong Kong as a Global Hub for Digital Asset Innovation

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February 11 – Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region, said Wednesday Hong Kong is increasingly emerging as a key hub for Web3 and cryptocurrency innovation. She delivered opening remarks at **Consensus Hong Kong** (hosted by CoinDesk) in a prerecorded address, outlining the city’s efforts to support the crypto community and industry. “The Hong Kong SAR Government is committed to making Hong Kong a global hub for digital asset innovation,” she stated. “Over the past few years, we’ve actively built a regulatory framework to drive robust, sustainable growth of our Web3 ecosystem.” Lam highlighted Hong Kong’s unique advantages: its ability to capitalize on the booming crypto sector while leveraging proximity to mainland China and global financial markets. “Under the ‘one country, two systems’ principle, Hong Kong is the only city combining the strengths of China and the world,” she said. “Most importantly, our financial system is strong—with deep liquidity, innovative products, and world-class investor protection.” She noted key crypto initiatives: last year’s digital asset regulatory policy statement, and progress on stablecoins. The Hong Kong Monetary Authority (HKMA) is near issuing stablecoin issuer licenses, with the first batch expected next month. The Securities and Futures Commission (SFC) is also working to boost liquidity in Hong Kong’s virtual asset market to “fuel growth in this dynamic sector.” “Hong Kong is well-positioned to lead in Web3 development,” she emphasized. “We’ll keep pushing to stay at the forefront of this critical financial-tech shift. We welcome global firms and institutions to join us in building a brighter digital future.”
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「On-Chain Shareholder」 Gold Short Position Reaches $40 Million, Also Shorting ETH Against SOL Exchange Rate for Continued Profits

February 11 — According to Coinbob Popular Address Monitoring, the largest on-chain gold short whale (address: 0xfc66..., nicknamed "On-chain Stockholder") recently held ~$80M in short positions across various on-chain stocks and commodities, plus ~$40M in crypto positions (ETH, SOL, etc.). The address has realized ~$12.7M in profits this month. Over the past few days, the whale has continued to boost its PAXG (on-chain gold) short position, growing from $24.9M to $30.3M. Its short position in GOLD (tokenized gold asset) has also held steady at ~$10.5M. Notably, the whale has built a ~$36M short position on the "ETH/SOL exchange rate" by shorting ETH and longing SOL simultaneously—this position has already generated significant unrealized profits. Current key holdings: - 5x PAXG: ~$30.3M position, avg entry $4974, ~$520k unrealized loss - 20x ETH: ~$18.8M position, avg entry $2043, ~$270k unrealized gain - 20x SOL: ~$18M position, avg entry $80.6, ~$610k unrealized gain - 5

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「Suspected Listing Hype Insider Trading」 Whale HYPE Long Positions' Unrealized Loss Expanded to $13.7 Million, Liquidation Price $26.15

February 11 – Per the Coinbob Popular Address Monitor, as HYPE’s price continues to decline, one of the largest on-chain whales (suspected of HYPE listing insider trading) has seen unrealized losses widen to $13.7 million. The address currently holds a 5x leveraged long position on HYPE: position size ~$39.7 million, average entry price $38.67, and current unrealized losses of ~171%. Recently, the whale has repeatedly withdrawn collateral from Hyperliquid, pushing its liquidation price up from $20 to $26.15. It now sits just 9.1% away from a margin call. Notably, even when HYPE previously surged sharply (nearly letting the whale break even), it never closed the position. Background: The whale went long on HYPE **before its October 23 Robinhood listing last year** – its entry price was immediately breached, and it’s remained in unrealized loss territory ever since, with no position adjustments or reductions (continuing to "hodl" to date). Its peak unrealized loss neared $26 mil

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The U.S. House of Representatives narrowly rejects motion, Trump tariff resolution to proceed to full House vote

Feb. 11 (Tuesday) — U.S. House lawmakers rejected Speaker Mike Johnson’s bid to block a vote on a resolution targeting former President Trump’s tariffs, dealing a major blow to Johnson’s leadership and clearing the way for lawmakers to criticize Trump’s signature economic policy, per The Wall Street Journal. The procedural motion failed 217-214, with three Republicans joining all 214 Democrats in opposition — a narrow defeat in the closely divided House. The vote clears the path for Democrats to bring the tariff-challenging resolution to a full House vote, potentially kicking off a series of highly anticipated votes as early as Wednesday. While Trump could veto any resolution sent to his desk, a successful vote would amount to a public repudiation of his tariff policy, likely prompting a strong reaction from the White House. (Golden Finance)

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"Whale" Boosts Ethereum Long Position to 5025 Coins, Latest Liquidation Price $1,973.4

February 11 – Per monitoring by HyperInsight (via https://t.me/HyperInsight), the address tied to "Brother Ma Ji" (Li-Cheng Huang) ramped up his Ethereum (ETH) long position multiple times in nearly an hour, lifting the current holding to 5,025 ETH. Key details: - **Position**: 5,025 ETH long at 25x leverage - **Entry price**: $2,051.2 - **Liquidation price**: $1,973.4 - **Current unrealized loss**: $265,000 (66.6% drawdown) Over the past week, this "Brother" address has lost $853,400, with total losses topping $25.59 million.

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Skybridge Capital has been accumulating Bitcoin in tranches at $84,000, $63,000, and the current range

On Feb. 11, SkyBridge Capital founder Anthony Scaramucci told the Consensus Hong Kong conference that his firm continues to buy Bitcoin despite the recent market downturn, revealing it has been gradually building its position at around $84,000, $63,000, and the current lower range. Bitcoin had previously fallen from above $126,000 in October to nearly $60,000 before rebounding to roughly $69,000. Scaramucci described buying Bitcoin during a downtrend as "catching a falling knife" but remains firmly bullish. He also noted former President Trump is "more crypto-friendly than his predecessor," though added Trump’s controversial geopolitical moves (such as comments about Greenland) could deepen partisan divisions and thus impact digital asset legislation. Additionally, Scaramucci stated that Solana—a programmable Layer 1 public blockchain—is poised to capture significant market share amid the competitive landscape for such networks.

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ZRO surges over 20% in the last 24 hours, reaching a market capitalization of $1.116 billion, previously receiving early investment from FTX.

As of Feb. 11, HTX market data shows ZRO’s 24-hour price surge has widened to 20.38%, currently trading at $2.259 with a market cap rising to $1.116 billion. Tether Investments announced a strategic investment in LayerZero Labs yesterday. The interoperable infrastructure, paired with Tether’s Wallet Development Kit (WDK), delivers underlying channels for real-world use cases including digital asset payments, settlement, and custody. Notably, LayerZero Labs also secured early-stage investment from FTX previously.

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