Hong Kong

The Hong Kong Securities and Futures Commission has approved virtual asset staking, and HashKey Exchange has been authorized to launch Ethereum ETF staking services

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) officially announced on April 7 that it has issued regulatory guidelines regarding the provision of staking services to licensed virtual asset trading platforms, as well as guidelines for SFC-recognized funds investing in virtual assets (virtual asset funds) concerning their participation in staking activities. The virtual asset exchange HashKey Exchange received approval from the Hong Kong SFC on April 10 to become one of the first exchanges in Hong Kong authorized to provide staking services.The SFC stated in the announcement, "The SFC recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment."In February this year, the SFC released the "Virtual Asset Development Roadmap" ("A-S-P-I-Re" framework) and proposed to consider expanding the range of virtual asset products under a regulatory framework, including providing staking, leverage, and lending services under clear guidelines.Terence Pu, Managing Director of HashKey Exchange, stated, "HashKey Exchange has built a staking service system that meets regulatory requirements, taking the lead in providing ETH staking services for spot ETFs, and is actively promoting staking services for all customers.This service relies on HashKey Cloud's excellent node operation capabilities to provide users with secure and compliant staking services. In the near future, investors will not only be able to hold Ethereum ETFs to earn staking returns but also hold ETH directly and earn additional returns through our staking services."

HTX DAO ambassador Molly attended the TRON x HTX DAO 2025 Hong Kong Night: The HTX DAO holding voting tool is officially launched, and the first two proposals are about to start governance voting

ChainCatcher news, HTX DAO ambassador Molly was invited to attend the "TRON x HTX DAO 2025 Hong Kong Night." At the event, she introduced the development achievements and governance progress of HTX DAO since its establishment, and announced the official launch of the "Holding Voting Tool." The first batch of HIP formal governance proposals for HTX DAO will soon open for voting, namely the "Proposal for the Establishment of HTX DAO Committee Governance Mechanism" and the "Proposal for the Launch of HTX DAO Official Interview Column 'DAO Friends, Please Stay.'"As of now, the number of $HTX holding users has exceeded 760,000, with a total donation and destruction value of $HTX reaching $95.22 million, demonstrating strong community consensus and ecological value. She also mentioned that the global communication volume of HTX DAO continues to expand, with a total exposure of 471 million across all channels, achieving multidimensional interaction and breaking the circle through community cooperation, project collaboration, AMA Space, and other forms.Molly stated that with the official launch of the "Holding Voting Tool," users will have more say in platform governance. HTX DAO is working with global users to build a "People's Exchange" and a "Financial Freeport" in a more open, transparent, and decentralized manner.

Sun Yuchen: First Digital Trust has had negative net assets for three consecutive years and is suspected of violating the Hong Kong Securities and Futures Ordinance

ChainCatcher news, Sun Yuchen once again accused FDT of fraud. He stated: First Digital Trust (FDT) openly disregards all fiduciary duties and regulatory norms, claiming to represent Techteryx in managing a securities portfolio of up to $501.8 million for the Aria Commodity Finance Fund in its own legal name. According to the Hong Kong Securities and Futures Ordinance (SFO), any individual or company providing securities portfolio management services must hold a Type 9 license from the Hong Kong Securities and Futures Commission, unless the service is limited to its wholly-owned subsidiaries or provided by its 100% owned parent company. Clearly, FDT is not only ignoring the fundamental principles of the trust industry but is also openly contemptuous of Hong Kong's banking and investment laws. In other words, its actions have completely disregarded Hong Kong's regulatory authorities and law enforcement agencies.Furthermore, Sun Yuchen believes that FDT has not only fallen into negative assets but has also had negative net assets for three consecutive years. By the end of 2024, its net assets are projected to be negative HKD 100 million. This does not include the massive losses caused by its large-scale misappropriation of user assets. Even so, it can still publicly manage billions of dollars in public assets in the market today.Previously, First Digital responded: it will take legal action against Sun Yuchen's "slanderous behavior."

Wu Jiezhang: In response to the FDT incident, the Hong Kong authorities need to promptly review the relevant regulatory system

ChainCatcher news, according to Hong Kong media Sing Tao Daily, regarding the recent $500 million cryptocurrency trust fraud case, the chairman of the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee, Wu Jietzhuang, stated, "Hong Kong is actively attracting foreign investment, including mainland funds, but in fact, many outsiders have a very superficial understanding of Hong Kong's system, and there are even many misunderstandings. I believe this is a problem that needs to be addressed. The FDT incident has international implications, and the authorities must quickly re-examine different regulatory systems to respond to society.Due to the lack of a custodial regulatory system, many times Web3 companies rely on trust companies to help third parties custody assets. If this is done properly, there is no problem, but those with ulterior motives may exploit this loophole to engage in illegal activities. I am concerned that external confidence in Hong Kong may weaken, and I suggest that the authorities should increase public education and examine whether there is room for optimization."Legislative Council financial sector member Chan Chan-ying pointed out that if assets are entrusted to a trust company in the form of a company, a regulatory vacuum may arise. He advised investors to carefully investigate the company's background and called for consideration of including "trusts" within the scope of legal regulation.

TRON x HTX DAO 2025 Hong Kong Night will be held on April 8: Check in with Sun Yuchen's Forbes frame and enter to win a grand prize of 1 ETH

ChainCatcher news, according to official information, the "TRON x HTX DAO 2025 Hong Kong Night" themed event, hosted by TRON and co-organized by HTX DAO, will be grandly held on April 8 at 18:00 in Hong Kong. At the event, users can take photos with a Forbes cover frame similar to that of Sun Yuchen and instantly produce stunning shots through an AI camera. By uploading the photos to Twitter, participants can join the selection event for a chance to win a total prize pool of 1,000 USDT.In addition, the event will feature multiple rounds of online and offline interactive blind boxes and quiz draws, with prizes including VIP customer black cards, cash rewards ranging from 88 to 888 USDT, limited edition exquisite merchandise, and a chance to win up to 1 ETH. It is worth mentioning that users holding VIP customer black cards can choose from three customized gifts; new VIP customers attending the event will also enjoy additional surprise privileges, so stay tuned.It is reported that industry leaders such as Kong Jianping, founder of Nano Labs, Molly (Huobi HTX Liu Ye), ambassador of HTX DAO, and Alec, head of HTX Ventures, will be invited to attend and share the latest developments of HTX DAO and trends in the cryptocurrency industry. Even more exciting, Sun Yuchen, founder of TRON and core supporter of HTX DAO, may make a surprise appearance and deliver a speech.
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