ChainCatcher news, the Hong Kong-listed company Enterprise Development Holdings Limited announced the acquisition authorization regarding a potential cryptocurrency acquisition. It stated that from the date the shareholders officially passed the ordinary resolution concerning the cryptocurrency authorization and potential cryptocurrency acquisition at the special general meeting, the board of directors will be authorized and empowered to acquire cryptocurrencies in the open market for a total amount not exceeding 48 million USD within 12 months, including but not limited to Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Dogecoin.

ChainCatcher news, according to data from the Hong Kong Stock Exchange, the total assets under management of 3 Bitcoin spot ETFs and 3 Ethereum ETFs in Hong Kong reached HKD 4.05 billion, among which the total assets under management of the two Bitcoin ETFs and two Ethereum ETFs managed by OSL, Huaxia Fund, and Harvest Global Investments exceeded HKD 2.565 billion, accounting for 63%.

ChainCatcher news, according to official information from the Hong Kong Securities and Futures Commission, Panthertrade (Hong Kong) Limited and YAX (Hong Kong) Limited have obtained virtual asset trading platform licenses from the Hong Kong Securities and Futures Commission. So far, a total of 9 trading platforms have obtained virtual asset trading platform licenses.

ChainCatcher News, the Legislative Council of the Hong Kong Special Administrative Region has released the first thematic newsletter of 2025 titled "Consolidating Hong Kong's Status as an International Financial Center."The article states: The Legislative Council's Bills Committee is conducting a detailed review of the "Companies (Amendment) (No. 2) Bill 2024" and the "Stablecoin Bill" to introduce mechanisms that facilitate the migration of overseas registered companies to Hong Kong, as well as to introduce a licensing system for fiat-backed stablecoin issuers. Regarding the development of financial technology, the Legislative Council's Home Affairs Committee has established a subcommittee to examine the application and development of Web3 and virtual asset technologies in Hong Kong and to propose recommendations for implementing relevant regulations and policies.

ChainCatcher news, a court order related to fraud claims in Hong Kong was "successfully executed" after being sent to two cryptocurrency wallets using tokenization technology. Experts say this novel approach will set a precedent for other jurisdictions and enhance Hong Kong's appeal as a technology hub. After a Hong Kong company became a victim of a false representation scam and lost over $2.6 million, the injunction was delivered to unknown holders of two wallet addresses on the Tron blockchain, prohibiting them from "disposing of assets globally and in Hong Kong."The plaintiff in the civil lawsuit is a marketing consulting company, Worldwide A-Plus, which transferred $2.66 million worth of Tether (a stablecoin pegged to the US dollar) to two wallets controlled by scammers who claimed to be salespeople from an online marketing platform that had been hacked.The order lists the unknown holders of the two wallets as defendants in the case, approved by High Court Deputy Judge Douglas Lam on December 5, and subsequently delivered by Ravenscroft & Schmierer law firm in the form of a "tokenized legal notice."

ChainCatcher news, a court order related to a fraud claim in Hong Kong was "successfully executed" after being sent to two cryptocurrency wallets using tokenization technology, experts say this novel approach will set a precedent for other jurisdictions and enhance Hong Kong's appeal as a technology hub. The injunction was delivered to unknown holders of two wallet addresses on the Tron blockchain after a Hong Kong company became a victim of a false representation scam, losing over $2.6 million, prohibiting them from "disposing of assets globally and in Hong Kong."The plaintiff in the civil lawsuit is a marketing consulting company, Worldwide A-Plus, which transferred $2.66 million worth of Tether (a stablecoin pegged to the US dollar) to two wallets controlled by scammers who claimed to be salespeople from an online marketing platform that had been hacked.The order names the unknown holders of the two wallets as defendants in the case, approved by High Court Deputy Judge Douglas Lam on December 5, and subsequently delivered by Ravenscroft & Schmierer law firm in the form of a "tokenized legal notice."

ChainCatcher news, the Monetary Authority and the People's Bank of China announced the expansion of the digital renminbi's focus in Hong Kong. Hong Kong residents can open personal digital renminbi wallets (digital currency wallets) using their mobile phones, and the cross-transfer service for digital currency wallets is expected to launch around mid-year.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 44.35 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 35.86 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 3.72 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 2.18 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 993,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 1.21 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 385,000 HKD.

ChainCatcher news, according to Bitcoin Magazine, UTXO Management has partnered with companies like Sora Ventures to announce the acquisition of a majority stake in Hong Kong Asian Holdings Limited (1723.HK), a company listed on the Hong Kong Stock Exchange (HKSE), amounting to 70.26% of the issued share capital of Hong Kong Asian Holdings Limited. This acquisition marks a significant turning point for the company as it plans to rebrand as Moon Inc. and indicates an intention to explore cryptocurrency investments and Web3 innovations. The new leadership team plans to leverage its resources and expertise to explore Bitcoin and cryptocurrency investments, Web3 opportunities, and other innovative projects. The company will issue a total of HKD 33,750,000 in convertible bonds, and once the acquirer fully converts these bonds, the group's ownership stake will increase to approximately 74%.

ChainCatcher news, OKX President Hong stated in an interview with CoinDesk that although DEX trading volume on the OKX platform has increased by 20 times, DEX and CEX are not opposing forces but rather complementary. Hong added that crypto-native users need the reliability of CEX while leveraging DEX to capture innovative opportunities. She stated that this supply-demand dynamic will drive further adoption of DEX to achieve innovation, while also supporting the gradual maturation of the regulatory framework for the crypto industry.In addition, when discussing the dynamics of the Trump administration's proposal to "make Bitcoin a national strategic reserve," Hong expressed a cautious attitude but did not rule out the possibility that smaller sovereign nations or certain states might take the lead in trying it out. The crypto industry is full of uncertainties, and anything is possible. Hong further pointed out that if the Trump administration fails to deliver on its crypto promises, it could quickly dampen the bull market. In her view, the biggest potential risk remains the issue of excessive centralization. The best solution to this is self-custody—a "vaccine" that OKX believes the market is rapidly accepting.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 24.46 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 16.87 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 2.29 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 2.30 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 308 thousand HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 1.77 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 917 thousand HKD.

ChainCatcher news, OKX President Hong stated in an interview with CoinDesk that discussions surrounding institutional adoption of cryptocurrencies and the risks of centralized custody are driving a significant increase in the popularity of self-custody. Hong pointed out that while the adoption of crypto assets by institutions and the rise of crypto ETFs are positive signals for industry development, these trends have also raised concerns about the risks of custody centralization. She emphasized that in this context, self-custody, as a safer and more transparent solution, will increasingly be favored by crypto-native users.Hong revealed that the total assets held in self-custody wallets on the OKX platform currently amount to nearly $50 billion, surpassing the total assets of its centralized exchange at $30.8 billion. This trend reflects the growing emphasis users place on asset security and autonomy. She also mentioned that by 2025, there will be more educational activities within the industry to help users understand the importance of self-custody and how to use it, while also launching more self-custody products that simplify the user experience and lower the technical barriers and risks involved.

ChainCatcher news, according to techinasia, the Hong Kong Legislative Council discussed the proposed "Stablecoin Bill" on January 23. This was the first meeting on the bill since its first reading on December 18, 2024. Key officials, including Francis Ho, Deputy Secretary for Financial Services and the Treasury, outlined the regulatory framework for stablecoins.The bill requires issuers to obtain a license from the Hong Kong Monetary Authority (HKMA) and maintain reserves of high-quality, highly liquid assets. The proposed legislation aims to ensure compliance and stability, supporting Hong Kong's strategy to attract international cryptocurrency companies.On the same day, the Legislative Council subcommittee reviewed the licensing framework for cryptocurrency trading platforms.

ChainCatcher news, according to Jinshi reports, the People's Bank of China and four other departments jointly issued the "Opinions on Promoting Institutional Opening in the Financial Sector in Conditional Free Trade Pilot Zones (Ports) to Align with International High Standards." The "Opinions" propose 20 policy measures in six areas: allowing foreign financial institutions to provide similar new financial services as domestic financial institutions, making decisions on applications for related services by financial institutions within 120 days, supporting the legal cross-border purchase of certain types of overseas financial services, facilitating foreign investors' investment in related transfers in and out, improving arrangements for the cross-border flow of financial data, and comprehensively strengthening financial regulation.These include continuously optimizing the "Cross-Border Wealth Management Connect" pilot in the Guangdong-Hong Kong-Macao Greater Bay Area, supporting residents in the Greater Bay Area to purchase qualified investment products sold by Hong Kong and Macao financial institutions through these institutions, and expanding the scope of participating institutions and qualified investment products.

ChainCatcher news, Hong Kong stock market data shows that by the close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 21.06 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 15.57 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 1.47 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 2.2 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 343,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 1.41 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 73,000 HKD.

ChainCatcher news, according to Sing Tao Daily, the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee held a meeting yesterday, focusing on the regulation and development of virtual asset trading platforms in Hong Kong. The Deputy Secretary for Financial Services and the Treasury, Chen Haolian, stated that the popularity of ETFs in Hong Kong has increased in recent months, and they will continue to maintain close contact with the industry. Regarding whether Hong Kong will choose one of the methods used by the Trump couple to issue their own Memecoin as a testing ground, Chen Haolian responded that Hong Kong places great importance on the market's leading role, and the government has also issued its own NFT (non-fungible token).

ChainCatcher news, according to a report by Zhitong Finance, the Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Ye Zhiheng, revealed that new licenses for virtual asset trading platforms will be approved soon, with good news expected in the first quarter of 2025. It is reported that the regulatory authority has completed on-site inspections of all applicants, and currently, there are 11 platforms on the application list.Ye Zhiheng emphasized that the regulatory authority will strictly adhere to the regulatory bottom lines concerning investor protection and cybersecurity. At the same time, the Hong Kong Securities and Futures Commission plans to establish a licensed platform consultation group after the Lunar New Year, inviting executives from various licensed platforms to participate, ensuring that industry opinions are fully considered in the policy-making process.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately 79.42 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 43.27 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 3.7 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 1.93 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 431,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 2.05 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 28.04 million HKD.

ChainCatcher news, Bank of Communications Hong Kong Branch recently issued an unsecured floating-rate digital bond worth 300 million USD, with a maturity of three years. This is the first digital native bond from a Chinese bank, issued using HSBC's Orion digital asset platform and cleared through the Central Moneymarkets Unit (CMU) in Hong Kong.Moody's has assigned a preliminary A2 rating to the bond, believing that the risks associated with blockchain have been effectively mitigated, as the Orion platform uses a private permissioned blockchain and cash transactions are settled off-chain, avoiding the impact of platform failures on payments.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the trading volume of 6 Hong Kong virtual asset ETFs today was approximately HKD 181 million.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of HKD 144 million;Huaxia Ethereum ETF (3046.HK) had a trading volume of HKD 7.21 million;Harvest Bitcoin ETF (3439.HK) had a trading volume of HKD 14.95 million;Harvest Ethereum ETF (3179.HK) had a trading volume of HKD 1.3 million;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HKD 12.44 million;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HKD 0.987 million.