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 141 million.Among them:Huaxia Bitcoin ETF (3042.HK) had a trading volume of HKD 103.5 million;Huaxia Ethereum ETF (3046.HK) had a trading volume of HKD 20.16 million;Harvest Bitcoin ETF (3439.HK) had a trading volume of HKD 4.37 million;Harvest Ethereum ETF (3179.HK) had a trading volume of HKD 0.9539 million;Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HKD 10.57 million;Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HKD 1.59 million.

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, according to Workers' Daily reports, the People's Court of Changping District, Beijing recently released a case where an employee used their position to obtain virtual currency for profit, constituting the crime of illegally obtaining data from a computer information system. Zhang, a blockchain engineer at a certain internet company, learned that there was a large amount of Ethereum in the account while participating in project development, and planned to attack the company's account to obtain it.Taking advantage of his work, he asked colleagues for program codes and private keys beyond his authority and shared them in a "technical exchange group," inviting group members to crack and attack the company's account, successfully obtaining 106.15 Ethereum and illegally profiting 38,329.76 yuan.The court found that Zhang violated regulations by illegally obtaining Ethereum information from the company's computer system and trading for profit, constituting the crime of illegally obtaining data from a computer information system. Although there were management loopholes in the company, this was not a valid excuse for Zhang's crime. Ultimately, Zhang was sentenced to 3 years and 6 months in prison, fined 60,000 yuan, and ordered to return the illegal gains of 38,329.76 yuan. The second-instance ruling rejected the appeal and upheld the original judgment.

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, South Korean financial regulators have banned the issuance of cryptocurrency ETFs for spot and futures products, while also rejecting funds that invest in crypto companies, including exchanges.A head of an asset management company stated that they have been preparing to launch a fund investing in virtual asset companies since the end of last year, but have yet to receive approval from local regulators.Meanwhile, an official from the FSS acknowledged the growing demand for Bitcoin investment but stated that regulatory measures would not be relaxed unless there is a change in the government's current policies.

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.

According to ChainCatcher news, on the website of the Central Commission for Discipline Inspection and National Supervisory Commission, Yao Qian, former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. Investigations show that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving money-for-power transactions related to virtual currencies, and illegally accepted huge amounts of property.In addition, he also violated the spirit of the Central Eight Provisions by improperly accepting valuable items, accepting banquets, and engaging in irregular operations in employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and relevant disciplinary inspection and supervision departments, Yao Qian has been subjected to serious penalties, and issues involving suspected criminal activities have been transferred to the procuratorial organs for legal review and prosecution.Previous report indicated that Yao Qian was suspected of serious violations of discipline and law, and had previously undergone disciplinary review by the disciplinary inspection team stationed at the China Securities Regulatory Commission and supervisory investigation by the Shantou Municipal Supervisory Committee in Guangdong Province.It is reported that Yao Qian was the first director of the Digital Currency Research Department of the People's Bank of China (CBDC) and was named one of the most influential figures in the blockchain field by Coindesk in 2017. He has published multiple research articles on blockchain technology, digital currency, and Web 3.0, and co-authored the book "Web 3.0: Changes and Challenges of the Next Generation Internet."

ChainCatcher news, the virtual asset custody platform Haru Invest was officially declared bankrupt by the Seoul restructuring court in South Korea on November 20.The operating company of Haru Invest, Haru Management Limited, was previously filed for bankruptcy due to its inability to pay debts. The court stated that although the company is registered in the British Virgin Islands, it has an office and operates in South Korea, giving the Korean court jurisdiction over the case.The court plans to hold the first creditors' meeting on February 11, 2025, to liquidate and distribute the company's assets through the bankruptcy administrator. It is reported that Haru Invest attracted investors by making false promises to guarantee principal and high returns since 2020, and suddenly stopped withdrawals in June last year, causing over 16,000 investors to suffer losses.It is reported that from March 2020 to June last year, Haru Invest deceived investors by falsely promising to guarantee principal and pay high returns, suddenly stopping withdrawals and absconding with approximately 14 trillion won worth of cryptocurrency.

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, the Shanghai High People's Court published an article stating that the Songjiang District People's Court of Shanghai has concluded a dispute case regarding the validity of a virtual currency issuance financing service contract. The court believes that token issuance financing is an illegal public financing behavior, and the "Blockchain Incubation Agreement" involved in the case is invalid.The article points out that virtual currency, as a type of virtual commodity, has property value and is not prohibited by law. Although there are no explicit regulations on virtual currency in Chinese law, regulations issued by the People's Bank of China and other departments have regulated activities related to virtual currency.Therefore, although individuals holding virtual currency purely is not illegal, commercial entities cannot arbitrarily participate in virtual currency investment transactions or issue tokens on their own. Once they touch upon the bottom line of civil and criminal legal principles and rules in their trading activities, they may suffer losses or, in serious cases, be suspected of committing a crime.

ChainCatcher news, according to Hong Wang reports, the People's Court of Jiahe County, Hunan Province recently made a ruling on a major dispute over a mining machine transaction. The case shows that the plaintiff, Pan Mouxiang, communicated with the defendant, Lei Moucai, via WeChat in November 2021 to purchase Bitcoin mining machines S19XP. After paying 23.678 million USDT, the two parties had a disagreement over the nature of the contract and the settlement price. The plaintiff requested the defendant to return the price difference of 6.27 million USDT and continue to deliver 149 mining machines.The court ruled to dismiss all of the plaintiff's claims based on two main reasons: first, according to the central bank and other departments' "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading and Speculation," USDT and other virtual currencies do not have the status of legal tender, and related transactions are considered illegal financial activities.Secondly, based on the National Development and Reform Commission's "Notice on Rectifying Virtual Currency 'Mining' Activities," the energy consumption of mining activities is high, carbon emissions are significant, and economic contributions are low, which does not align with the national green development strategy. The court determined that the transaction contract was invalid due to violations of laws and regulations as well as public order and good customs, and the related losses would be borne by both parties.

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, according to South Korean media reports, the city of Paju in South Korea has announced that it will directly sell the virtual assets of tax delinquents to collect overdue taxes. Currently, the city government has issued notifications for the transfer and sale of virtual assets to 17 individuals who owe a total of 124 million won. If these individuals do not pay their overdue taxes by the end of the month, the city government will transfer their virtual assets, valued at a total of 50 million won, to the city government account and sell them.Paju has previously seized the virtual assets of delinquents, but this will be the first time that such assets are directly sold, making it a first among local governments nationwide. The city government stated that in recent years, virtual assets have rapidly proliferated, and delinquents often use them as a means to hide or transfer assets. This action is intended to convey the message that assets cannot be hidden and will track the property of delinquents for processing.

According to ChainCatcher news and the China Court website, the People's Court of Xiangyin County, Hunan Province, recently heard a case involving the repayment of a loan with virtual currency. The court ruled that virtual currency does not have the same legal status and enforceability as legal tender, and the borrower's use of virtual currency to repay the debt is invalid.The case shows that the debtor, Wang, used virtual currency to repay a debt of 20,000 yuan through the "TR Foreign Currency Platform," which was later identified by public security authorities as being involved in virtual currency network pyramid schemes. The court cited the notice issued by the central bank and ten other departments in September 2021, titled "Notice on Further Preventing and Handling Risks of Speculation in Virtual Currency Transactions," and determined that the repayment behavior violated financial management order.The court emphasized that any legal person, non-legal person organization, or natural person investing in virtual currency and related derivatives in violation of public order and good customs will have their related civil legal acts deemed invalid, and any resulting losses must be borne by themselves. The final judgment of this case requires the debtor to fulfill the repayment obligation in legal tender.

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, the Tongcheng City Anti-Fraud Center received a tip-off indicating that there was a large suspicious fund transaction related to fraud in the area. It is reported that the victim, Ms. Hu, met a "rich and handsome" boyfriend named Zhang online, who claimed to be working in virtual currency investment abroad, and asked her to prepare cash to hand over to a "client manager." Fortunately, the police of Tongcheng City discovered and successfully intercepted the situation in time. Upon investigation, the so-called "client manager" was actually a "cash handler" recruited by an overseas fraud group. Currently, the suspect has been criminally detained in accordance with the law for suspected fraud, and the 730,000 yuan defrauded funds have all been returned to the victim. The case is under further investigation. (Anqing Voice WeChat Official Account)

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.