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Hong Kong Monetary Authority: Reminds the Public to Beware of Scam Activities Impersonating Its Official Website

2 hours ago

On December 12, the Hong Kong Monetary Authority (HKMA) issued a statement warning the public about recent scams involving fake versions of its official website. These scams aim to steal users’ cryptocurrency or personal financial information. As Hong Kong ramps up development of its virtual asset regulatory framework, scammers have stepped up attacks targeting crypto investors. HKMA is urging people to stay alert, only access information through official channels, and avoid losing assets.
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BitGo Receives Conditional Approval to Transform into a Banking Institution

On December 13, cryptocurrency custodian BitGo announced it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to become a banking institution. Once final approval is granted, BitGo will convert its South Dakota-registered trust company into a federally chartered national trust bank. The new entity will be authorized to custody digital assets and certain non-deposit financial assets, as well as provide regulated cryptocurrency-related services without needing state-by-state approval, per The Wall Street Journal.

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The United States Office of the Comptroller of the Currency has conditionally approved Ripple National Trust Bank's application.

On December 13, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Ripple National Trust Bank’s application. Ripple National Trust Bank is a proposed national trust bank affiliated with Ripple Labs Inc., focused on trust and custody services to support Ripple’s digital asset business—specifically the issuance, management, and custody of its dollar-pegged stablecoin, RLUSD (Ripple USD).

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In the past 1 hour, the entire network has seen $184 million in liquidations, with $182 million in long liquidations.

As of December 13, Coinglass data shows: - Over the past hour, $184 million in total has been liquidated across the network, with $182 million from long positions and $3.27 million from short positions. - Over the past 24 hours, 115,515 traders globally have been liquidated, totaling $395 million. The largest single liquidation was on Hyperliquid’s ETH-USD pair, amounting to $5.68 million.

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Standard Chartered Bank: Expected Average Gold Price of $4,488 per Ounce in 2026

On December 13, Standard Chartered Bank forecast that gold prices will hit a new record high again in 2026, with a full-year 2026 average of $4,488 per ounce and $4,750 per ounce in Q4 2026. (FX168)

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Bitcoin Falls Below $90,000, Switches from 24-Hour Gain to Loss

Per HTX market data, Bitcoin dropped below $90k on Dec 12, flipping from a 24-hour gain to a loss with a 0.02% decline.

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「Crypto Buddy」 Faces Liquidation Again, Loses $2.44 Million in the Past Week

December 12th — On-chain analyst Ai Auntie (@ai_9684xtpa) reports that "Big Brother Whale" Huang Licheng was liquidated again, this time for 6,489 ETH, resulting in a $720k loss. Currently, he holds only a 2,500 ETH long position worth $7.79M, with a liquidation price of $3,074.62 and an unrealized loss of $314k. His account now has just $340k, having lost $2.44M over the past week.

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