Organized by: Cora, Techub News
**TinTinLand
**
Fear and Greed Index: 41 (Neutral)
Bitcoin Price: $91,365
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Outflow: $681.01 M
ETH Net Outflow: $68.57 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (Last Week)
BTC Net Subscription/Redemption: 0 BTC
ETH Net Subscription/Redemption: 0 ETH
Hong Kong's New Financial Budget Will Be Announced on February 25
The Financial Secretary of the Hong Kong SAR Government, Paul Chan, stated in a blog that the new financial budget will be announced on February 25. Benefiting from a thriving financial market, overall revenue, including stamp duty, has increased, allowing the SAR government to restore a surplus in its operating accounts ahead of schedule. However, with increased investment in public works, the capital account will still record a deficit this year.
During a program, Hong Kong's Financial Secretary Paul Chan stated that virtual currency is part of financial innovation and Hong Kong should embrace it. However, the confidentiality of blockchain technology may pose risks such as insufficient investor protection, affecting anti-money laundering efforts and threatening financial stability. The Hong Kong government must handle this cautiously and incorporate it into an appropriate regulatory framework. Chan also expressed concerns about promoting virtual currency investment to the public, suggesting that educational outreach should be strengthened. In response to a suggestion from the audience about launching a gold-backed stablecoin, Chan stated that stablecoins will be developed gradually, and after the first step is completed, they will consider the suggestion of linking to gold or other assets, emphasizing the need for careful handling.
Derlin Holdings' Derlin Securities (Hong Kong) Limited is about to connect and test its system with a licensed virtual asset trading platform from the Hong Kong Securities and Futures Commission and plans to start offering virtual asset trading services in February this year.
There is new progress in the fraud case involving the unlicensed virtual asset trading platform JPEX. Two defendants are involved in money laundering totaling approximately HKD 26.4 million, and the related cases have been brought to the regional court in two separate cases. The prosecution has confirmed that it has issued a sentencing notice to the defendants, which has been recorded by the court. Judge Ko Kam-sau has postponed the two cases to March 31 and April 9 for further hearings. So far, the police have prosecuted 16 individuals in this case, which is still under review.
Selected Activities in Hong Kong for January
We have specially compiled noteworthy activities in the crypto field in Hong Kong for January, which will open a window to the future of Web3 for you.
Regulation/Macro
We have specially compiled noteworthy activities in the crypto field in Hong Kong for January, which will open a window to the future of Web3 for you.
U.S. Senate Banking Committee to Hold Closed-Door Meeting on the CLARITY Act on January 15
According to the U.S. Senate schedule, the Senate Banking Committee will hold a closed-door meeting on the CLARITY Act at 10:00 AM EST on January 15.
Project/Company Updates
IMF: Collaborating with FSB and BIS to Strengthen Stablecoin Regulation
The International Monetary Fund (IMF) stated that stablecoins can expand financial service coverage and drive innovation, but they may also trigger currency substitution effects and market volatility risks. Therefore, global regulatory cooperation is crucial. Currently, the IMF is collaborating with the Financial Stability Board (FSB), the Bank for International Settlements (BIS), and other institutions to fill regulatory gaps and strengthen industry oversight.
36 Blocks of Bitcoin Network Mined by Independent Miners in 2025
According to data from Digital Mining Solutions, 36 blocks of the Bitcoin network were mined by independent miners in 2025. These independent miners can receive a block reward of 3.125 BTC.
DWF Labs Co-Founder: Completed $1 Million Seed Round Investment in a DeFi Project This Year
DWF Labs co-founder Andrei Grachev tweeted that "the year has just begun, and DWF Labs has already completed its first $1 million seed round investment in a DeFi project, with more details and transaction information to be announced later."
BNB Chain Plans to Activate Fermi Hard Fork on BSC Mainnet on January 14
BNB Chain plans to activate the Fermi hard fork on the BSC mainnet at 10:30 AM Hong Kong time on January 14, supported by the v1.6.4 client version. The Fermi upgrade will reduce block generation time from 0.75 seconds to 0.45 seconds and strengthen rapid finality rules, ensuring network stability under high load while improving response speed. Validators and node operators must complete the update to version v1.6.4 or above before the upgrade.
Tether Registers Trademark for Its Asset Tokenization Platform Hadron in Russia
Tether has registered the trademark for its asset tokenization platform Hadron in Russia. According to data from the Russian Federal Service for Intellectual Property, Tether submitted the application in October 2025, and the application was approved in January 2026. The trademark is valid until October 3, 2035, and can be used for blockchain financial services, cryptocurrency trading and exchange, crypto payment processing, and related consulting services.
Starknet released a post-mortem analysis report on the brief mainnet outage on January 5. Starknet stated that the core issue was a vulnerability in the block generator (blockifier) that led to incorrect transaction processing. Specifically, in certain combinations of cross-function calls, variable writes, rollbacks, and rollback captures, the block generator incorrectly remembered state write operations within the rolled-back function as valid, leading to transaction execution errors. However, thanks to Starknet's proof layer mechanism, this erroneous execution never received finality confirmation at the L1 layer.
BlockSec: Approximately $395,000 Lost in Theft of FutureSwapX Contract on Arbitrum Chain
A suspicious transaction occurred in the FutureSwapX contract on the Arbitrum chain, with estimated losses of approximately $395,000. BlockSec stated that they have attempted to contact the team but have not yet received a response. The attacker seems to have stolen funds through multiple changePosition operations, ultimately withdrawing USDC. Since the contract is not open source, the exact root cause still requires further investigation. Based on on-chain behavior, it is suspected that this incident may be related to unexpected changes in stable balances during early position updates, which led to the release of USDC when collateral was removed.
Regulators in Tennessee, USA, have ordered Kalshi, Polymarket, and Crypto.com to stop offering sports event contracts to residents of the state, accusing these companies of operating without the necessary licenses, violating the state's gambling laws. According to Tennessee's Sports Betting Act, any entity accepting sports event bets must hold a license issued by the state government.
China Smart Technology (1796) announced a partnership with the U.S.-registered company Popcorn Technology LLC to jointly establish a project company dedicated to operating related businesses. According to the agreement, Popcorn Technology will provide technical services to China Smart Technology's clients, covering the development of public blockchains, electronic wallets, blockchain explorers, and cryptocurrency trading platforms, as well as consulting services for obtaining cryptocurrency exchange licenses.
a16z Completes $15 Billion Fundraising, Focusing on AI and Cryptocurrency Investments
a16z has raised over $15 billion in funding. This round includes the American Dynamism Fund ($1.176 billion), Apps Fund ($1.7 billion), Bio + Health Fund ($700 million), Infrastructure Fund ($1.7 billion), Growth Fund ($6.75 billion), and other venture capital strategy funds ($3 billion). The funds raised by a16z in 2025 account for over 18% of all venture capital allocations in the United States. a16z stated that its mission is to ensure that the U.S. wins the technology competition in the next 100 years, focusing on key infrastructures such as AI and cryptocurrency. Additionally, it will promote the application of related technologies in fields such as biology, health, defense, public safety, education, and entertainment.
Ripple Obtains Registration Approval from the UK's Financial Conduct Authority
Ripple's UK subsidiary, Ripple Markets UK Ltd., has received registration approval from the UK's Financial Conduct Authority (FCA).
Stablecoin Payment Company Rain Raises $250 Million, Valuation Rises to $1.95 Billion, ICONIQ Leads
Stablecoin payment company Rain announced the completion of a new funding round of $250 million, with a post-money valuation of $1.95 billion. This round was led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, Galaxy Ventures, and others. After this round of financing, Rain's total funding has exceeded $338 million.
In-Depth & Outlook
Telegram has recently come back into the spotlight due to a financial report directed at investors: revenue is on the rise, but net profit is heading downward. The key variable here is not a slowdown in user growth, but rather the decline in the price of TON, which has "penetrated" asset volatility into the profit statement.
Resistance in the U.S. Banking Industry: The Endless Debate on Interest Payments for Stablecoins
Major card organizations also have vested interests at stake. As on-chain payment volumes continue to grow, traditional card organizations may face a decline in business. However, companies like Visa and Mastercard have not chosen to resist this trend; instead, they actively support stablecoin payment settlements, seeking new development opportunities.
Opinions
Quantum Computing is Here, Is Bitcoin Still Safe?
The arrival of quantum computing is not the end of Bitcoin, but rather a countdown to a technological upgrade. History always moves forward in times of crisis. Whether Bitcoin can survive in the quantum era depends on whether the community can complete this irreversible upgrade before the threat truly arrives.
Why Isn't On-Chain Fixed-Rate Lending Taking Off?
In contrast, lenders typically prefer floating rates. Lenders price loans as "benchmark rate + credit premium." The floating structure can protect profit margins when interest rates rise, reduce duration risk, and allow lenders to capture upside gains when the benchmark rate increases. Fixed rates are usually offered only when lenders can hedge interest rate risk or charge an additional premium.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
