BTC $78,705.37 +1.42%
ETH $2,470.36 +2.23%
BNB $692.47 +1.36%
XRP $1.38 +2.13%
SOL $103.67 +2.14%
TRX $0.3318 -1.36%
DOGE $0.0832 +1.31%
ADA $0.2009 +3.80%
BCH $247.99 +1.60%
LINK $11.42 +2.52%
HYPE $83.92 +4.56%
AAVE $126.21 +3.31%
SUI $0.7294 +2.29%
XLM $0.1778 +1.79%
ZEC $850.96 +3.73%
BTC $78,705.37 +1.42%
ETH $2,470.36 +2.23%
BNB $692.47 +1.36%
XRP $1.38 +2.13%
SOL $103.67 +2.14%
TRX $0.3318 -1.36%
DOGE $0.0832 +1.31%
ADA $0.2009 +3.80%
BCH $247.99 +1.60%
LINK $11.42 +2.52%
HYPE $83.92 +4.56%
AAVE $126.21 +3.31%
SUI $0.7294 +2.29%
XLM $0.1778 +1.79%
ZEC $850.96 +3.73%

pro

All
Article
Flash

first_img Thailand's SEC proposes allowing retail investors to trade regulated overseas crypto derivatives

The Securities and Exchange Commission of Thailand (SEC) has proposed allowing intermediaries to provide certain digital asset derivatives traded overseas to retail investors. According to the proposal, eligible products must be similar to crypto derivatives traded domestically in Thailand, including aspects such as underlying assets, duration, leverage, and settlement methods. At the same time, these products must be traded on exchanges that adopt central counterparty clearing and are supervised by regulatory bodies belonging to specific international regulatory or exchange organizations.Crypto derivatives that do not meet the above conditions will only be available to institutional investors. The Thai SEC stated that institutional investors are better equipped to assess and manage complex and high-risk products. Current rules only allow intermediaries to provide relevant investment services to retail and high-net-worth clients when overseas derivatives are similar to domestic trading products, while overseas crypto derivatives, due to their varying structures and risk levels, require targeted regulations.This consultation is the latest initiative by Thailand to incorporate crypto-related products into the regulated capital market. The Thai SEC officially designated cryptocurrencies and digital tokens as permissible derivative underlying assets in a notice issued on March 5 and is discussing potential contract specifications with the Thailand Futures Exchange. The consultation will continue until September 30, and the Thai SEC has not yet announced the proposed implementation date for the revisions.

first_img North Korean hackers transfer tens of millions of dollars at Hyperliquid, Trump promotes platform's entry into the U.S

According to Arkham blockchain data, wallets associated with the North Korean state-sponsored hacking organization Lazarus Group have sold over $30 million in Bitcoin on the decentralized perpetual contract trading platform Hyperliquid in the past three weeks, using the proceeds to purchase Ethereum and Solana, which were then transferred to centralized exchanges such as Kraken, LBank, and KuCoin. Kraken responded that it maintains an industry-leading compliance program, continuously monitoring on-chain activities to identify and block assets related to sanctioned wallets; LBank and KuCoin stated that the associated risks are a continuing challenge faced by the industry as a whole and emphasized that publicly available on-chain data may not reflect compliance measures at the platform level.At this time, the Trump administration is exploring ways to incorporate Hyperliquid into the regulated U.S. financial system. Trump stated earlier this month at a White House event that the chairman of the Commodity Futures Trading Commission, Mike Selig, is developing a path to bring Hyperliquid into the U.S. in a fully compliant and legal manner. According to Bloomberg, Kraken's parent company Payward is in deep negotiations with Hyperliquid Labs to offer perpetual contracts to U.S. traders.Hyperliquid is the leading platform in the decentralized perpetual contract space, allowing users to trade directly from their crypto wallets without the need for traditional brokerage accounts or KYC checks. According to DefiLlama data, its cumulative perpetual contract trading volume has exceeded $5 trillion, with current open contracts of approximately $13.3 billion.

first_img Solana fees hit a record high, SGP-0002 inflation reduction proposal approved

The revenue from fees priced in SOL on Solana reached a seven-day average of nearly 9,200 SOL on August 27, an increase of over 80% compared to three months ago; the non-voting transaction volume also set a new seven-day high of 191 million transactions, compared to only 88 million transactions a year ago. Jito validator tips averaged 2,073 SOL daily over the past week, a 26% increase week-on-week, directly reflecting the increase in on-chain activity.Meanwhile, the SGP-0002 "Dual Deflation" proposal passed last Friday with just over 67% support (the threshold was 66.67%), with a voting participation rate of 60.7%, covering 1,326 validators, setting a historical high for governance participation on the Solana chain. This proposal will double the annual deflation rate from 15% to 30%, expected to reduce the planned issuance by approximately 18.9 million SOL over six years.This means that the new SOL supply entering the market each year will decrease, and the rewards for validators completing the same amount of work will also decline. Staking rewards will drop from about 5.25% to 2.25% in the third year, which will squeeze validators that rely on inflation revenue rather than transaction fees, and many validators may face losses within three years. However, this impact will mainly affect small independent operators, and ordinary users are not expected to experience significant changes in the speed and costs of using the Solana network.
app_icon
ChainCatcher Building the Web3 world with innovations.