Sun Dong, Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, attended the 2023 World Internet Conference "Cross-Strait and Hong Kong and Macao Internet Development Forum" held in Wuzhen, Zhejiang today (9th). Sun Dong said that the new policy address proposes to further promote the "Hong Kong Innovation and Technology Development Blueprint", promote the development of digital government, improve the innovation and technology ecosystem, and realize the "re-indus...

Sun Dong, Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, attended the 2023 World Internet Conference "Cross-Strait and Hong Kong and Macao Internet Development Forum" held in Wuzhen, Zhejiang today (9th). Sun Dong said that the new policy address proposes to further promote the "Hong Kong Innovation and Technology Development Blueprint", promote the development of digital government, improve the innovation and technology ecosystem, and realize the "re-indus...

According to on-chain analyst Ember Monitoring, between December 2021 and March 2022, whale/institutional addresses of 98,000 ETH were withdrawn from OKX and Huobi, and 10,000 ETH (approximately US$18.8 million) were transferred to Binance. . This address has transferred a total of 67,300 ETH (approximately US$123.65 million) to Binance since July 26, with an average transfer price of US$1,837. The average price raised from OKX and Huobi from December 2021 to March 2022 is as high as US$3,693...

According to on-chain analyst Ember Monitoring, between December 2021 and March 2022, whale/institutional addresses of 98,000 ETH were withdrawn from OKX and Huobi, and 10,000 ETH (approximately US$18.8 million) were transferred to Binance. . This address has transferred a total of 67,300 ETH (approximately US$123.65 million) to Binance since July 26, with an average transfer price of US$1,837. The average price raised from OKX and Huobi from December 2021 to March 2022 is as high as US$3,693...

After months of back-and-forth discussions, U.S. Treasury Secretary Yellen said on Friday that top officials would vote on a new framework for defining systemically important financial institutions. Being labeled "too big to fail" comes with huge compliance costs and regulatory headaches and has been applied mainly to large Wall Street banks since its introduction more than a decade ago. Yellen did not name which institutions would be included in the stricter regulations. But this new procedu...

After months of back-and-forth discussions, U.S. Treasury Secretary Yellen said on Friday that top officials would vote on a new framework for defining systemically important financial institutions. Being labeled "too big to fail" comes with huge compliance costs and regulatory headaches and has been applied mainly to large Wall Street banks since its introduction more than a decade ago. Yellen did not name which institutions would be included in the stricter regulations. But this new procedu...

The Uniswap community voted to adopt the temperature check proposal of "Invest in Ekubo Protocol" with a support rate of 63.82%. Uniswap invested US$12 million worth of UNI in the Starknet ecological AMM Ekubo Protocol in exchange for a 20% share of Ekubo Protocol’s future protocol governance tokens. Ekubo Protocol is written in Cairo language, fully utilizes Starknet's architecture, and inherits most of the same design concepts as Uniswap V4. Since its launch, Ekubo Protocol has capture...

The Uniswap community voted to adopt the temperature check proposal of "Invest in Ekubo Protocol" with a support rate of 63.82%. Uniswap invested US$12 million worth of UNI in the Starknet ecological AMM Ekubo Protocol in exchange for a 20% share of Ekubo Protocol’s future protocol governance tokens. Ekubo Protocol is written in Cairo language, fully utilizes Starknet's architecture, and inherits most of the same design concepts as Uniswap V4. Since its launch, Ekubo Protocol has capture...

Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu said that Hong Kong plans to amend the operating laws of virtual asset over-the-counter exchanges and formulate relevant regulatory arrangements. Regarding virtual asset advertising and Internet celebrity promotion, Xu Zhengyu said that there are currently means to deal with and supervise the behavior of celebrities or Internet celebrities promoting virtual asset platforms. Xu Zhengyu said that the "Anti-Money Laundering...

Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu said that Hong Kong plans to amend the operating laws of virtual asset over-the-counter exchanges and formulate relevant regulatory arrangements. Regarding virtual asset advertising and Internet celebrity promotion, Xu Zhengyu said that there are currently means to deal with and supervise the behavior of celebrities or Internet celebrities promoting virtual asset platforms. Xu Zhengyu said that the "Anti-Money Laundering...

Curve founder Michael Egorov launched a proposal to "deploy Venus Protocol on the Ethereum main network" in the Venus Protocol community on the BNB Chain, proposing to deploy Venus Protocol to the Ethereum main network and use Curve tokens crvUSD and CRV as collateral and can Borrow assets. Curve will incentivize with 500,000 CRV and require Venus to match this mining incentive with XVS, doubling the reward with an annual interest rate of 10%. The proposal states that Curve can help open mini...

Curve founder Michael Egorov launched a proposal to "deploy Venus Protocol on the Ethereum main network" in the Venus Protocol community on the BNB Chain, proposing to deploy Venus Protocol to the Ethereum main network and use Curve tokens crvUSD and CRV as collateral and can Borrow assets. Curve will incentivize with 500,000 CRV and require Venus to match this mining incentive with XVS, doubling the reward with an annual interest rate of 10%. The proposal states that Curve can help open mini...

Tim Buckley, CEO of asset management firm Vanguard Group, recently said the firm would not pursue a Bitcoin ETF like rivals such as BlackRock and Fidelity. A spokesman said the reasons for not launching a Bitcoin ETF are the same reasons why a gold ETF was never launched, saying Bitcoin lacks “intrinsic value”, has no cash flow and is too volatile.

Tim Buckley, CEO of asset management firm Vanguard Group, recently said the firm would not pursue a Bitcoin ETF like rivals such as BlackRock and Fidelity. A spokesman said the reasons for not launching a Bitcoin ETF are the same reasons why a gold ETF was never launched, saying Bitcoin lacks “intrinsic value”, has no cash flow and is too volatile.

Bithumb Korea, the operator of crypto exchange Bithumb, selected Samsung Securities as an underwriter late last month and began work on its IPO, planning to list on KOSDAQ. The target launch date is expected to be in the second half of 2025. Bithumb declined to comment on IPO plans but said it had selected underwriters. With this IPO, Bithumb appears to be hoping to increase market trust in its exchange business by improving governance and management transparency while accepting external vali...

Bithumb Korea, the operator of crypto exchange Bithumb, selected Samsung Securities as an underwriter late last month and began work on its IPO, planning to list on KOSDAQ. The target launch date is expected to be in the second half of 2025. Bithumb declined to comment on IPO plans but said it had selected underwriters. With this IPO, Bithumb appears to be hoping to increase market trust in its exchange business by improving governance and management transparency while accepting external vali...

Several former Cantor Fitzgerald executives have created Tokenet, a crypto lending platform that may serve a Bitcoin spot ETF if it is approved. New Jersey-based Digital Prime Technologies said on Tuesday that Tokenet already allows clients including Xapo Bank to lend digital assets to companies such as EDX Clearing. Anchorage Digital will serve as the custodian of Tokenet. The platform also offers risk management tools and chat functionality, allowing users to manage loans. In addition, Digi...

Several former Cantor Fitzgerald executives have created Tokenet, a crypto lending platform that may serve a Bitcoin spot ETF if it is approved. New Jersey-based Digital Prime Technologies said on Tuesday that Tokenet already allows clients including Xapo Bank to lend digital assets to companies such as EDX Clearing. Anchorage Digital will serve as the custodian of Tokenet. The platform also offers risk management tools and chat functionality, allowing users to manage loans. In addition, Digi...

Aave stated on the X platform that all Aave V2 markets have been reopened. Earlier today, it was reported that Aave Guardian has lifted the suspension status of all Aave V3 markets on Arbitrum, Avalanche, Polygon, and Optimism. According to previous news on November 5, Aave said it had received a problem report about a certain function of the Aave protocol. After verification with community developers, the following temporary precautionary measures have been taken: 1. Suspending the Aave V2 E...

Aave stated on the X platform that all Aave V2 markets have been reopened. Earlier today, it was reported that Aave Guardian has lifted the suspension status of all Aave V3 markets on Arbitrum, Avalanche, Polygon, and Optimism. According to previous news on November 5, Aave said it had received a problem report about a certain function of the Aave protocol. After verification with community developers, the following temporary precautionary measures have been taken: 1. Suspending the Aave V2 E...

Compound officially announced that the community has launched two new proposals, 191 and 192. In Proposal 191, the Compound community plans to launch a four-month growth plan and will allocate 7,770 COMP tokens, of which 2,760 COMP tokens will be allocated to the BD fund under the plan to support the business development operations of the growth plan; Another 5,010 COMP will be allocated to the Growth Fund, specifically used to incentivize external parties that participate in and promote Comp...

Compound officially announced that the community has launched two new proposals, 191 and 192. In Proposal 191, the Compound community plans to launch a four-month growth plan and will allocate 7,770 COMP tokens, of which 2,760 COMP tokens will be allocated to the BD fund under the plan to support the business development operations of the growth plan; Another 5,010 COMP will be allocated to the Growth Fund, specifically used to incentivize external parties that participate in and promote Comp...

According to Bloomberg, Germany's Siemens used JPMorgan's JPM Coin system this week to configure its account for transfers to fill potential funding gaps, Naveen Mallela, director of Coin Systems at Onyx, JPMorgan's blockchain unit, said in an interview. The system now allows clients to program their accounts by inserting a set of key conditions, enabling them to move funds to cover overdue payments and margin calls. Additionally, FedEx and Cargill plan to use the system in the...

According to Bloomberg, Germany's Siemens used JPMorgan's JPM Coin system this week to configure its account for transfers to fill potential funding gaps, Naveen Mallela, director of Coin Systems at Onyx, JPMorgan's blockchain unit, said in an interview. The system now allows clients to program their accounts by inserting a set of key conditions, enabling them to move funds to cover overdue payments and margin calls. Additionally, FedEx and Cargill plan to use the system in the...