Dah Sing Pharma surged over 24% in Hong Kong Stock Market, up over 45% in the past 5 days, with a market cap rising to HKD 4.761 billion
On December 31, market data shows Hong Kong-listed Delin Holdings surged more than 24%—and over 45% in the past five trading days—pushing its market capitalization to HK$4.761 billion.
In related news, Delin Holdings said its 70%-owned subsidiary Delin Securities (Hong Kong) Limited received conditional approval on December 29, 2025, from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset trading services via a comprehensive account arrangement. The approval is subject to the subsidiary meeting specific conditions for its existing Type 1 (securities trading) regulated activities license to become effective.
As previously reported by BlockBeats, Delin Holdings on October 21 announced it had signed a placement and subscription agreement targeting approximately HK$973 million in proceeds. The deal involves placing 255 million shares, with 63.8 million shares issued to Evergreen Wealth Investment Limited at a placement price of HK$3.05 per share—representing
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Hong Kong Derlin Securities Granted Approval to Provide Virtual Asset Trading Services
DRC Holdings Ltd. (HKEX: 01709) announced on December 31 that its 70%-owned subsidiary Delin Securities (Hong Kong) Limited (“Delin Securities”) received conditional approval from the Hong Kong Securities and Futures Commission (SFC) on December 29, 2025, to offer virtual asset trading services under a comprehensive account arrangement.
However, Delin Securities must meet specific conditions tied to its existing Type 1 (securities trading) regulated activity license before launching the services.
On December 29, 2025, Delin Securities accepted these conditions and will commence virtual asset trading services once it gets formal SFC approval.
The company is also working to upgrade Delin Securities’ Type 4 (securities advice) regulated activity license. The SFC is in the final approval stage for this upgrade, and DRC will issue a formal announcement upon receiving the relevant SFC greenlight.
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Analysis: Cryptocurrency Tax 'Turning Point' Looms as 2026 Tax Season Could Become Minefield
As 2026 nears, U.S. crypto investors face a drastically different tax reporting landscape—with several new rules taking effect for the 2025 trading year and 2026 tax season, dubbed a "watershed moment" for crypto taxation by the industry.
A key change is Form 1099-DA: Starting in 2025, U.S. centralized exchanges and other "brokers" must report users’ crypto asset sales and dispositions to the IRS, with the first 1099-DA forms set to be distributed in 2026. Initially, these forms will only include gross proceeds (not cost basis). If taxpayers fail to clearly report their cost basis on their returns, the IRS may default to a $0 cost basis and issue automatic tax notices.
Simultaneously, the "specific identification" cost basis method will replace the previously common "first-in, first-out (FIFO)" algorithm. The IRS now mandates that each trading platform account or wallet track cost basis separately—meaning when selling assets, users can only match them to batches held in that spec
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Bitwise has filed for an 11-cryptocurrency strategy ETF, involving tokens such as AAVE, UNI, ZEC, and others
On December 31, Bitwise Asset Management filed applications with U.S. regulators for 11 cryptocurrency strategy exchange-traded funds (ETFs), covering a mix of mainstream and emerging crypto assets including AAVE, UNI, ZEC, ENA, Hyperliquid, NEAR, STRK, SUI, TAO, TRX, and others.
The proposed ETFs are:
- Bitwise AAVE Strategy ETF
- Bitwise UNI Strategy ETF
- Bitwise ZEC Strategy ETF
- Bitwise CC Strategy ETF
- Bitwise ENA Strategy ETF
- Bitwise Hyperliquid Strategy ETF
- Bitwise NEAR Strategy ETF
- Bitwise STRK Strategy ETF
- Bitwise SUI Strategy ETF
- Bitwise TAO Strategy ETF
- Bitwise TRX Strategy ETF
Ticker symbols and management fees for these products have not been disclosed. Per the filing documents, the ETFs are expected to become effective on March 16, 2026.
For investment strategy, each ETF plans to allocate roughly 60% of assets directly to its target cryptocurrency, 40% to exchange-traded product (ETP) instruments tracking the same asset, and m
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Netflix to Produce Romantic Comedy Movie 'One Attempt Remaining' with Cryptocurrency Theme
Netflix announced on December 31 that it has officially begun filming *One Attempt Remaining*—a cryptocurrency-themed romantic comedy marking the first time the crypto industry has stepped into the mainstream Hollywood spotlight via a lighthearted comedy. Directed by Kay Cannon and starring Golden Globe winner Jennifer Garner, the film centers on an ex-couple racing against time to recover the password for a lost crypto wallet.
Industry insiders note that in the past, crypto in film and TV has mostly been tied to crime, money laundering, or speculative bubbles—painting a negative image and often landing in independent films or niche genres. As crypto technology grows more mainstream and public awareness rises, that one-note narrative is slowly shifting.
Multiple filmmakers and Web3 practitioners say crypto’s lack of deep integration into daily life is a key reason it’s long been absent from mainstream screens. But as real-world asset tokenization, crypto payments, and wallet conc
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