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Hong Kong Department of Justice: The significance of the "Stablecoin Regulation" lies in supporting the orderly and healthy development of the Hong Kong stablecoin market

23 hours ago

July 31st. According to the "Hong Kong Commercial Daily", Kenneth Zhang, Hong Kong's Deputy Solicitor General, stated that the upcoming "Stablecoin Regulations" which will come into effect on August 1st are based on three main aspects: a "licensing system", "asset reserve management", and "technology and behavior regulation". The purpose is to establish a trusted market environment. He emphasized that the importance of these regulations lies in establishing a clear and transparent legal framework to ensure the orderly and healthy development of Hong Kong's stablecoin market, and at the same time maintain the international market's confidence in Hong Kong as a leading global financial center. In the future, continuous efforts will be made to deepen cooperation with the mainland and international markets in various fields, and use international legal and other professional services to support mainland and overseas companies in expanding their businesses through Hong Kong's international financial platform.
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The smart money that successfully went from a long ETH position to a short position on the 30th has today transitioned from a Bitcoin short position to a long position, and has opened a long position on ETH.

On August 1st, based on on-chain information, a shrewd whale today converted their Bitcoin short position into a long position and established an ETH long position. As of the time of writing, the address holds a total of $3.61 million worth of 25x leveraged Ethereum longs and $1.8 million worth of 40x leveraged Bitcoin longs. Earlier, on July 30th, this shrewd whale flipped their ETH longs to shorts at an entry price of $3,803. This address has cumulatively earned nearly $36 million in profits on Hyperliquid.

6 minutes ago

Binance Alpha will launch MOMOFUN (MM) on August 3rd

On August 1st, based on official information, Binance Alpha is scheduled to list MOMOFUN (MM) on August 3rd. Qualified users will be able to utilize their Binance Alpha points to claim the airdrop on the Alpha activity page once trading commences. Further details will be made known shortly.

6 minutes ago

ai.ac's first AI Agent Token, MIA Token, has officially landed on Binance Alpha, leading the AgentFi new era.

August 1st, the first AI Avatar token MIA of ai.ac officially landed on Binance Alpha, presenting a global opportunity for users to participate in the Avatar economy! ai.ac, incubated by Web3 accelerator amber.ac under the Amber Group, is a pioneering Avatar economy platform. As the first Avatar born on this platform, MIA has the capability to independently handle marketing, financing, operations, community management, value creation, and distribution, aiming to promote the Avatar economy and provide returns to its token-holding community. MIA is the core token of the MIA ecosystem and serves as the foundation of the incentive mechanism and a practical tool. Its distribution mechanism and unlocking rules are designed to ensure sustainable growth. MIA will continuously collaborate with top AI projects to advance the Avatar economy infrastructure and assist in creating an AI Avatar-driven AgentFi ecosystem.

6 minutes ago

The SEC has officially acknowledged receipt of the Canary PENGU ETF application, the first-ever Meme token and NFT blended spot ETF.

On August 1st, the U.S. Securities and Exchange Commission (SEC) officially acknowledged the receipt of the Canary PENGU ETF application. This ETF is the first of its kind, being a blend of Meme Token and NFT in a spot ETF. With the growing attention from Wall Street, market participants anticipate a decisive moment of convergence between digital assets and traditional finance. The Canary Spot PENGU ETF intends to allocate 80-95% of its portfolio to Solana Meme Token PENGU, which is at the core of the Pudgy Penguins brand. The remaining 5-15% will consist of top NFT "chonky penguins" Pudgy Penguins and be moderately allocated to Solana and Ethereum to enhance liquidity. This holding structure reflects an active investment strategy. The ETF plans to hold specific NFTs based on factors such as rarity, visual appeal, and market value. The fund manager will actively assess and rotate these holdings to maintain the optimal portfolio. Incorporating NFTs into a regulated ETF represents a not

6 minutes ago

Bitcoin Falls Below $115,000, with a 24-Hour Decline of 2.82%

On August 1st, according to HTX market data, Bitcoin has fallen below $115,000 and is currently trading at $114,953, experiencing a 24-hour decrease of 2.82%.

6 minutes ago

Metaplanet CEO: Company Plans to Issue up to Approximately $37.185 Billion Perpetual Preferred Stock

On August 1st, the CEO of Metaplanet, Simon Gerovich, announced that the company intends to issue up to 555 billion yen (approximately $37.185 billion) in perpetual preferred shares and has submitted an application for this.

6 minutes ago

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