ChainCatcher news, according to Jinshi reports, the Hong Kong Private Wealth Management Association (PWMA) released a survey on Friday showing that most private wealth management companies are taking a wait-and-see approach to virtual assets. However, in recent years, the trading volume of cryptocurrencies in Hong Kong has surged, and with the regulatory framework gradually improving, about one-third of wealth management institutions expect their allocation to virtual assets to be 6-10% within five years.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, today's trading volume for 6 Hong Kong virtual asset ETFs was approximately HKD 165.7 million.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of HKD 133.5 million;Huaxia Ethereum ETF (3046.HK) had a trading volume of HKD 13.89 million;Harvest Bitcoin ETF (3439.HK) had a trading volume of HKD 2.82 million;Harvest Ethereum ETF (3179.HK) had a trading volume of HKD 784,300;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HKD 13.64 million;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HKD 1.13 million.

ChainCatcher news, the Hong Kong Association of Banks published an article in the Hong Kong media outlet Ta Kung Pao titled "Digital Banking Integrates into the Web 3.0 Wave," revealing that Hong Kong digital banks have completed over 100 "Fintech Regulatory Sandbox" tests through the Monetary Authority in the past four years, accounting for more than 40% of the total sandbox test cases.In addition, some Hong Kong digital banks have begun to provide reserve banking services for stablecoin issuers, and there are also digital banks capable of acting as settlement banks for licensed virtual asset trading platforms, offering services such as timely processing and settlement of transactions.

ChainCatcher news, according to Cointelegraph, Cyberport is a business hub owned and operated by the Hong Kong government, which has added more than 120 companies in 16 months and currently hosts over 270 blockchain technology-related enterprises.The founders of these over 270 companies come from more than 20 countries and regions, including Japan, South Korea, the United States, Canada, Germany, the United Kingdom, and India, in addition to Hong Kong and the mainland.According to a Legislative Council report, Cyberport's Web3 companies have begun to apply blockchain technology to real-world applications, including smart living, digital entertainment, fintech, and network and data security. In addition, Cyberport is actively recruiting companies specializing in blockchain security, asset custody, and cryptocurrency wallets to facilitate collaboration among various Web3 companies within its network.

ChainCatcher news, Hong Kong stock market data shows that as of the market close, the total trading volume of 6 Hong Kong virtual asset ETFs today was approximately 48.89 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 36.14 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 4.25 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 3.04 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 259,800 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 3.91 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 1.30 million HKD.

ChainCatcher news, the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee held a meeting on November 19 to discuss the promotion of blockchain technology applications and Web3 development. Business sector member Yan Gang suggested combining the virtual asset index with the development of local stablecoins, allowing Hong Kong to gain a certain degree of influence in the pricing power of virtual asset trading. He hopes that the SAR government will further plan in this regard.

ChainCatcher news, OSL Executive Director and Head of Regulatory Affairs, Diao Jiajun, revealed that the Hong Kong Stock Exchange's launch of the virtual asset index series is an important development milestone for the industry. The introduction of local indices and infrastructure is undoubtedly a breakthrough development, which is expected to accelerate the introduction of new tokens in the Hong Kong market and support the development of more innovative retail products, further promoting the improvement and upgrading of Hong Kong's virtual asset ecosystem.Under the Hong Kong Securities and Futures Commission's Virtual Asset Trading Platform (VATP) regulatory framework, each platform must consider independent indices when evaluating tokens for retail investors to buy and sell. Before the launch of the virtual asset index series, the market had to rely on overseas indices.

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 29.88 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 20.25 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 1.99 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 0.9283 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 1.89 million HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 1.78 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 3.05 million HKD.

ChainCatcher news, Galaxy announced on the X platform that it has expanded its business to Hong Kong, stating that Hong Kong's support for the digital asset market makes it a promising region for innovation and potential growth.Galaxy CEO Mike Novogratz stated that Hong Kong understands that digital assets and blockchain technology have the potential to become a conduit for the flow of funds and assets. The local government's support for this industry is a key factor in Galaxy's decision to invest in Hong Kong, and failing to follow Hong Kong's lead and prioritize innovation could lead to being left behind.

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 72.18 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 57.97 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 2.85 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 1.92 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 157,400 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 8.80 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 483,700 HKD.

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 34.68 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 23.8 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 2.26 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 1.77 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 979,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 5.15 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 718,000 HKD.

ChainCatcher news, according to the official website, the Hong Kong Monetary Authority (HKMA) urges the public to remain vigilant and be cautious of certain overseas crypto asset institutions that are not licensed banks in Hong Kong. They claim to be "banks" in Hong Kong or use the term "bank" when describing their products or services. These actions may have violated the Banking Ordinance.The HKMA has noted that two overseas crypto asset institutions that are not licensed banks in Hong Kong held activities in Hong Kong. During the events, one of them was reported to have referred to itself as a "bank," while the other described its card products on its website as "bank cards." The HKMA is concerned that the statements made by these institutions may mislead consumers into believing they are licensed banks in Hong Kong and regulated by the HKMA, or that such products and services are provided by licensed banks in Hong Kong.The HKMA reminds the public that crypto asset institutions not recognized by Hong Kong are not regulated by the HKMA. The inclusion of the term "bank" in the name of overseas crypto asset institutions, or claims by overseas "crypto banks" of having obtained licenses elsewhere, does not mean they are necessarily licensed banks in Hong Kong. Furthermore, products or services with the term "bank" in their name are not necessarily provided by licensed banks in Hong Kong.

ChainCatcher news, according to Hong Kong media reports, the Hong Kong Stock Exchange will launch a series of virtual asset indices today. This index series will provide a transparent and reliable real-time price benchmark for Bitcoin (BTC) and Ethereum (ETH) pricing in the Asian time zone, offering a unified reference price for virtual assets and addressing the price discrepancies among global exchanges.Specifically, the reference index is based on the benchmark spot price weighted by the 24-hour trading volume of Bitcoin or Ethereum, calculated from the aggregated market prices of several major virtual asset exchanges, and quoted in USD in real-time. The reference rate is designed for the settlement of financial products and is calculated daily at 4 PM Hong Kong time. The launch of this index series is also a move to establish Hong Kong as a leading digital asset hub in Asia.The Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Yip Chi-hang, previously pointed out that a license for virtual asset trading platforms will be issued by the end of this year, a consultation group for virtual asset trading platforms will be initiated in early next year, and continued support for tokenization and the Ensemble project will be provided.

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 136 million.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of HKD 117 million;Huaxia Ethereum ETF (3046.HK) had a trading volume of HKD 5.76 million;Harvest Bitcoin ETF (3439.HK) had a trading volume of HKD 4.55 million;Harvest Ethereum ETF (3179.HK) had a trading volume of HKD 1.28 million;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HKD 6.58 million;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HKD 1.11 million.

ChainCatcher news, the 2024 Hong Kong Listed Companies Development Summit Forum and the 11th "Hong Kong Stock 100" Awards Ceremony, hosted by the Hong Kong Stock 100 Research Center, will be grandly held on November 11, 2024, at the Hong Kong Convention and Exhibition Centre S421. At this event, Hashkey Exchange received the "Web3 Industry Leader Award" in recognition of its outstanding contributions to promoting the development of the Web3 industry and innovation in Hong Kong's fintech sector.This award ceremony is organized by the Hong Kong Stock 100 Research Center, co-organized by Caihua News and Futu Securities, and supported by the Hong Kong Ta Kung Wen Wei Financial Public Relations Group. This award not only recognizes Hashkey Exchange's leadership position in the Web3 field but also affirms its role in promoting innovation and digital transformation in Hong Kong's financial market. The award for Hashkey Exchange also signifies the increasing influence and competitiveness of Hong Kong in the global fintech sector, while also indicating that the Hong Kong financial market is ushering in new opportunities for digital transformation.It is reported that Hashkey Exchange, as the largest licensed virtual asset exchange in Hong Kong, has surpassed HKD 6.7 billion in asset scale as of November 11, with a cumulative trading volume exceeding HKD 550 billion, and a growth scale of HKD 1.2 billion in the past 10 days.

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 92.79 million HKD.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of 46.15 million HKD;Huaxia Ethereum ETF (3046.HK) had a trading volume of 27.99 million HKD;Harvest Bitcoin ETF (3439.HK) had a trading volume of 8.58 million HKD;Harvest Ethereum ETF (3179.HK) had a trading volume of 402,000 HKD;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of 8.77 million HKD;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of 895,000 HKD.

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 128 million.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of HKD 69.33 million;Huaxia Ethereum ETF (3046.HK) had a trading volume of HKD 12.77 million;Harvest Bitcoin ETF (3439.HK) had a trading volume of HKD 7.90 million;Harvest Ethereum ETF (3179.HK) had a trading volume of HKD 2.89 million;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HKD 32.66 million;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HKD 2.13 million.

ChainCatcher news, according to the Wen Wei Po report, the Hong Kong police announced data on online investment fraud cases for the first 9 months of 2024. A total of 3,468 cases were reported, involving approximately HKD 2.2 billion, with 35% related to virtual assets. Although this is a decrease compared to the same period last year, the number of cases in October surged by 24% month-on-month, indicating a rebound trend.The largest single loss came from a virtual asset scam, where a female executive of a cryptocurrency company was defrauded of HKD 78.47 million. The police remind that nearly 60% of victims first contacted the scammers through instant messaging software, and 40% of the victims are aged between 40 and 59.From January to October 2023, investment fraud cases reached 5,017, involving approximately HKD 4.93 billion. In September this year, there were 312 cases with an amount of HKD 187 million; in October, it increased to 380 cases, involving HKD 248 million, showing an upward trend. The police urge investors to remain vigilant and beware of virtual asset investment traps.