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Hong Kong's Securities and Futures Commission Proposes Perpetual Contract Regulatory Framework Limited to Institutional Investors

2 hours ago

On February 11, Ashley Alder—CEO of Hong Kong’s Securities and Futures Commission (SFC)—announced at the Consensus Hong Kong conference that the regulator will release a "high-level framework" allowing licensed trading platforms to offer perpetual contract products. Initially, these products will only be available to institutional investors, not retail clients. The framework will prioritize risk management, requiring platforms to have robust risk control capabilities and ensure fair trading mechanisms for customers. Additionally, the SFC will permit brokerages to provide financing services to creditworthy clients, with collateral including securities and virtual assets. Given the high volatility of virtual assets, only Bitcoin (BTC) and Ethereum (ETH) will be eligible as collateral initially. For market-making services: if a platform offers such services, it must establish an independent market-making department and implement a strict conflict-of-interest management mechanism. Alder noted these measures align with the SFC’s roadmap to develop Hong Kong’s crypto market by 2025, aiming to enable compliant institutions to offer a more diverse range of products and services.
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Meme Coin WhiteWhale's Market Cap Halved: TheWhiteWhale's Transparent Whale Wallet Holds 58% of the Supply, With Weekly Buys Exceeding $2.1 Million

**February 11** — Data from GMGN (link) shows the Solana meme coin WhiteWhale has been on a steady decline recently. The token’s market cap has dropped ~57% from its February 8 high of ~$140 million to a current $59 million. It trades at ~$0.062, with a 24-hour volume of $5.4 million. Even as the price falls, prominent trader The White Whale (active on X and Hyperliquid) continues to accumulate. Their holdings are valued at roughly $34.5 million, accounting for 58.13% of the token’s supply. They hold an unrealized loss of ~$86,000 (a 29% drop from entry points) and have not sold any tokens to date. GMGN data indicates the primary holding address (EBxgM) acquired most tokens via child addresses. Over the past 24 hours, total inflow value hit ~$219,000, with a net inflow of more than $2.1 million in the past seven days. The meme coin was initially created by fans using The White Whale’s avatar. It was later taken over by the trader, who has since aggressively built positions

3 minutes ago

Binance Teams Up with Franklin Templeton to Advance Institutional Custody Strategy

On February 11, Binance announced a partnership with Franklin Templeton to launch a new institutional-grade over-the-counter (OTC) collateralization program. Eligible clients will be able to use tokenized money market fund shares issued via Franklin Templeton’s Benji technology platform as collateral for trading on Binance.

3 minutes ago

A Whale in ETH's Price Band Makes a Move to Accumulate 3700 ETH, Worth $7.31 Million

On February 11th, on-chain analyst Auntie Ai (@ai_9684xtpa) reported that whale trader address **0xfda...39f26** has resumed activity after two months. Two hours prior, the whale opened a long position with **3,700 ETH** (valued at $7.31 million) at an entry price of **$1,975.01**. Notably, the trader previously netted **$673,000 in profits** from ETH buy-low-sell-high trades between May and December 2025.

3 minutes ago

Super bear who shorted ETH from $2940 gradually closing their position, current position size is $16.45 million

February 11: Per monitoring from HyperInsight (via its Telegram channel at https://t.me/HyperInsight), a so-called "ETH Super Bear" has consistently shorted Ethereum (ETH) since the price was $2940. The whale recently began reducing its position, with floating profits now expanding to $8.34 million. Its initial $88.9 million short position has gradually shrunk to $16.45 million through ongoing partial closures. Overall, the whale has accumulated over $80.9 million in profits from shorting ETH. It has been shorting ETH on the Hyperliquid platform since 2024, always using the maximum available leverage—previously 50x, now 25x.

3 minutes ago

Hyperliquid's largest ETH long position continues to add leverage, with longs now totaling $205 million

February 11: EmberCN monitoring shows that as ETH briefly dropped to ~$1,950, the largest ETH long position on Hyperliquid has added 5,000 ETH to its holdings. The position, initially opened with 105,000 ETH at an average price of $2,029-$2,060, is now down $10.43 million, with a total value of $205 million.

3 minutes ago

Arkham: Trend Research, a subsidiary of Easylio, is bullish on Ethereum, resulting in a final loss of $869 million.

On February 11, Arkham officially released statistical data showing that Trend Research—a subsidiary of EasyLink—incurred a final loss of $869 million after liquidating its Ethereum holdings last Sunday. Its Ethereum long position, once valued at $2.1 billion, has now been fully cleared from its on-chain account. BlockBeats Note: Previously, several on-chain analysts estimated the loss to fall between $688 million and $734 million.

3 minutes ago

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