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BiyaPay Analyst: Hong Kong Digital Asset Leader HASHKEY HLDGS Launches IPO, Set to List on December 17th

57 minutes ago

On December 9, HASHKEY HLDGS launched its initial public offering (IPO), planning to issue approximately 241 million shares globally. The firm expects to list on the Hong Kong Stock Exchange’s main board on December 17. A one-hand subscription requires roughly HK$2,808.04. Positioned as a licensed digital asset platform, HASHKEY HLDGS offers trading matching, on-chain services, and asset management. It has built the HashKey Chain, which supports tokenization of real-world assets (RWA). The company projects 2024 fiscal year revenue of around HK$721 million, with ongoing increases in research and development investment. Based on a median offer price of HK$6.45, net proceeds total approximately HK$14.26 billion—funds earmarked primarily for technology/infrastructure upgrades and global expansion. BiyaPay analysts note HASHKEY HLDGS embodies the trend of compliant digital asset platforms shifting “from trading to infrastructure.” They are optimistic about its long-term growth potential in Asia’s regulatory-friendly environment. Investors can use USDT via BiyaPay to access U.S. stocks, Hong Kong stocks, futures, and digital assets, seizing sector development opportunities.
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Mainstream Perp DEX Overview: Unfunded contract amounts increase while TVL decreases, indicating a slightly higher market risk appetite

On December 9th, DefiLlama data reveals key trends across Perpetual DEX (Perp DEX) platforms over the past 24 hours: - Open interest has risen across most platforms, while Total Value Locked (TVL) has declined (signaling fund outflows). - Existing or new capital may be ramping up leverage or opening new positions, reflecting increased market speculation and risk appetite. Below are 24-hour metrics for top Perp DEXs: - Lighter: ~$86.1B trading volume; ~$13.6B TVL; ~$17.4B open interest - Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): ~$62B trading volume; ~$43.8B TVL; ~$65.4B open interest - Aster (https://www.asterdex.com/zh-CN/referral/aboter): ~$57.8B trading volume; ~$13.9B TVL; ~$26.1B open interest - EdgeX: ~$47.1B trading volume; ~$4.06B TVL; ~$8.1B open interest - ApeX: ~$33.5B trading volume; ~$46.6M TVL; ~$90.82M open interest - Backpack: ~$11B trading volume; TVL undisclosed; ~$2.07B open interest - Variational: ~$10.3B trading volume; ~$72.86M TVL;

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Pre-market Crypto Stock Concept Stocks in US Market Experience Downtrend, BitMine Drops by 1.78%

On December 9th, market data indicates U.S. crypto-related stocks posted broad pre-market declines, including: - MicroStrategy (MSTR): down 1.18% - Circle (CRCL): down 1.29% - Coinbase (COIN): down 1.07% - MARA Holdings (MARA): down 1.49% - Riot Blockchain (RIOT): down 0.47% - BitMine Immersion (BMNR): down 1.78% - SharpLink Gaming (SBET): down 1.45% *(Note: "Strategy" in the original is corrected to "MicroStrategy" for accuracy, as MSTR is its public ticker.)*

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Bitwise CIO: Cryptocurrency Set to See 10x to 20x Growth in the Next Decade

On December 9, The Block reported that Matt Hougan, Chief Investment Officer at Bitwise, said the cryptocurrency market is poised for 10-20x growth as tokenization, Bitcoin and stablecoins gain mainstream acceptance over the next decade. Hougan cited Paul Atkins, chair of the U.S. Securities and Exchange Commission (SEC), who noted all U.S. stocks will transition to on-chain trading—highlighting the market’s significant growth potential.

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Former Fed Vice Chair Supports Hawkish Rate Cut, Target Inflation Reduced to 2%

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NFT Market Welcomes "Gold Dog" Again, Regular Animals Sees Multiple Sales Exceeding $35,000

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The EU is considering bringing cryptocurrency firms under ESMA regulation, planning to launch the Capital Markets Union reform in 2027

On December 9, European Financial Services Commissioner Mairead McGuinness said Tuesday the EU aims to begin implementing its Capital Markets Union (CMU) reform package by 2027—providing the first clear timeline for the initiative. The proposal still needs sign-off from the European Parliament and EU Council, with some member states pushing back strongly against it. Centralizing regulatory authority would bring major clearinghouses, central securities depositories, and trading platforms under the European Securities and Markets Authority (ESMA)’s oversight. Cryptocurrency firms will also fall under ESMA’s regulatory purview. (Everbright)

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