Hong Kong Trials Tokenization of Foreign Exchange Fund Notes, Vietnam Plans to Issue Licenses for Crypto Asset Service Providers

The Secretary for Financial Services and the Treasury of Hong Kong announced that the trial for the tokenization of foreign exchange fund notes will be implemented by the end of 2026. Vietnam plans to issue its first licenses for crypto asset service providers in 2026 and will strengthen regulatory cooperation with the Austrian Financial Market Authority (FMA). On-chain data analysis company Glassnode pointed out that most BTC sold on-chain is profitable, and the market still exhibits characteristics of a bull market. Garrett Jin, an agent for a BTC OG whale holding over $300 million in ZEC, withdrew 202,100 ZEC. South Korean police are investigating Polymarket users on-chain, with the betting amount involved reaching $12.7 million. Jiang Zhuoer stated that after several months of trading, the coin-based profit is 34%, with short-selling mainly used to reduce spot drawdowns. The whale entity represented by Garrett Jin has faced significant losses multiple times over the past year. The U.S. Department of Defense reported that the war with Iran has cost $45.1 billion. The multi-chain oracle project Switchboard announced it will cease operations. Huaxia Fund Hong Kong completed its first investment case of the Hong Kong dollar stablecoin HKDAP in digital assets. Yu Yuantan pointed out that Anthropic modified its user privacy policy 13 times in three years and handed global user data over to U.S. intelligence agencies. Dtcpay completed a $25 million Series A financing round, led by Vertex Ventures Southeast Asia & India, with participation from SBI.

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