ChainCatcher news, ALIENX has announced a large-scale token burn plan AIX BURN MOON, which will burn up to 250 million AIX tokens in the next 30 days, accounting for 25% of the total supply.According to ALIENX's announcement, this burn plan consists of two main parts:200 million AIX will be burned from the team’s share, accounting for 100% of the team’s share, equivalent to 20% of the total supply.50 million AIX will be burned from the community ecosystem, accounting for 5% of the total supply.The AIX BURN MOON mechanism will be launched on October 25, 2024, and will last for 30 days until November 24.

ChainCatcher news, according to Caixin, the Hong Kong Monetary Authority announced on May 17, 2024, that the pilot program for digital renminbi (e-CNY) has been expanded to all Hong Kong citizens starting today. Users can register and activate their accounts using a Hong Kong mobile number, which can be used not only in Hong Kong but also for cross-border payments at e-CNY-supported merchants in mainland China without real-name verification. Currently, digital renminbi is being piloted in 26 regions across 17 provinces and cities in mainland China, making Hong Kong the first region outside mainland China where all local residents can open an e-CNY wallet.

ChainCatcher news, according to Caixin reports, the first batch of 6 virtual asset spot ETFs issued by Bosera International, Huaxia Fund (Hong Kong), and Harvest International has been officially approved by the Hong Kong Securities and Futures Commission, with a target listing date of April 30, 2024. Although these ETFs are launched by Hong Kong companies under Chinese public funds, it should be noted that investors from mainland China are currently not allowed to participate in trading.According to the product list on the Hong Kong Securities and Futures Commission website, these 6 virtual asset spot ETFs were officially approved on April 23, 2024. The products are: Harvest Bitcoin Spot ETF (03439.HK), Harvest Ethereum Spot ETF (03179.HK), Huaxia Bitcoin ETF (03042.HK), Huaxia Ethereum ETF (03046.HK), Bosera HashKey Bitcoin ETF (03008.HK), and Bosera HashKey Ethereum ETF (03009.HK).

ChainCatcher news, according to Caixin reports, in the Blue Sky Ge Rui 43 billion yuan illegal fundraising case, it is expected that less than 5% can be recovered domestically. Currently, 61,000 bitcoins have been seized by the British police. A hearing on the proceeds of crime will be held in September 2024. Caixin has found that there are very few successful cases of cross-border asset recovery in China through public channels.In addition, according to international practices, sharing is the mainstream method for cross-border asset recovery and disposal of confiscated assets. The International Cooperation Department of the Ministry of Justice of China responded that it does not have specific case information and it is not convenient to disclose it.

ChainCatcher news, according to Caixin reports, Hong Kong's licensing system for virtual asset trading platform operators is essentially a "dual-license" system. In addition to the licensing system for "security tokens," which applies to the Securities and Futures Ordinance, there is another licensing system for "non-security tokens," which will officially take effect under the Anti-Money Laundering Ordinance starting June 1, 2023.Currently, several virtual asset trading platforms, including OSL Exchange and HashKey Exchange, are applying for the second type of license, but no licenses have been granted yet.The Hong Kong Securities and Futures Commission previously stated that the terms and characteristics of virtual assets may evolve over time, and the defining criteria for "security tokens" and "non-security tokens" may also change. Therefore, to ensure compliance, virtual asset platforms should hold dual licenses.

ChainCatcher News, June 9, 2023, the Caixin Summer Summit was held in Hong Kong, with HOPE founder Flex Yang attending and speaking as the only representative of the cryptocurrency industry. Flex expressed his views on topics such as the RMB exchange rate, cryptocurrency custody in Hong Kong, and clearing and settlement. During the interactive session, Flex stated that practitioners in the cryptocurrency industry are like ancient herders, who moved according to water and grass, while we move according to policies. Hong Kong has the opportunity to become the capital of digital assets and the capital of cryptocurrency asset management. Practitioners need to embrace regulation and operate in compliance.After the meeting, Flex exchanged ideas and shared insights with guests including Ashley Alder, CEO of the Hong Kong Securities and Futures Commission, and Eddie Yue, CEO of the Hong Kong Monetary Authority.