Dingdian Finance is set to announce the launch of the Hong Kong dollar stablecoin 'HKDAP'.

According to Reuters, the U.S. Treasury Department announced sanctions against BitBank, a centralized cryptocurrency exchange (CEX) controlled by Iranian financier Babak Zanjani. The Treasury accuses the exchange of processing payments to ensure the safe passage of vessels through the Strait of Hormuz and transferring hundreds of millions of dollars to the Islamic Revolutionary Guard Corps (IRGC). BitBank’s software developer and three associates of Babak Zanjani were also included in the sanctions list. The U.S. Treasury stated that the exchange is a key infrastructure for Iran to evade sanctions using digital assets.

According to Yu Jin Monitoring, ZEC extended its rally this morning, breaking through $1,500. The entity holding the largest short position in ZEC, known as "Garrett Jin Whale", now has an unrealized loss of $30 million. Additionally, the entity withdrew 35,000 ETH (valued at $85.11 million) from Binance last night and has not yet moved the funds.

AMC Entertainment CEO Adam Aron took to X to voice his appreciation for the tokenized stock-related policy announced by US SEC Chair Paul Atkins, highlighting three core principles: non-negotiable investor protection, a ban on synthetic assets, and the right of stock issuers to oppose the trading of their securities on tokenized securities trading venues. Aron noted that under the SEC’s released framework, eligible stock tokens must carry full voting and dividend rights, and public companies retain the authority to block their securities from being tokenized for trading. He also called on Robinhood co-founder Vlad Tenev to adhere to these same standards in Robinhood’s overseas stock token operations, particularly concerning investor protection, synthetic asset rules, and issuer dissent rights. Earlier news: The US SEC approved a temporary, conditional "Innovation Exemption" yesterday, allowing limited trading of tokenized stocks on certain on-chain venues—Tokenized Securities Venues (TSVs).

According to Bitget's market data, South Korea's KOSPI index opened 2.54% higher, SK Hynix rose 3.6%, and Samsung Electronics gained nearly 3%.

Driven by the U.S. SEC’s new tokenized stock innovation exemption policy announced last night, related beneficiary concept coins and stocks have extended their rally. According to HTX market data, UNI is trading at $7.86, up 18% in 24 hours; ONDO is at $0.3779, up 7.39% in 24 hours; BP is at $0.533, up 14.48% in 24 hours. Separately, BIT (bit.com) market data shows that among stocks, Securitize closed 14.93% higher at $8.93, while Robinhood rose 5.16%.

Last night, Genius Terminal — an on-chain trading terminal backed by YZi Labs and with CZ as its advisor — officially launched its token issuance platform genius. fun on BNB Chain. The platform enables creators to transfer tokenized stocks such as bSTOCKS to a decentralized foundation and split them, then attempt to exercise equity-related rights off-chain. According to GMGN data, GSTOCK, one of the tokens launched via genius. fun, has surged rapidly: its market cap quickly exceeded $10 million in the early hours after launch, now standing at $11.72 million with trading volume surpassing $15.4 million. The GSTOCK token is paired with BNCB, the on-chain token of BNB Treasury Company BNC, as its liquidity pool base. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.