Hong Kong Web Daily Must-Read: British Columbia, Canada will permanently ban cryptocurrency mining, with approximately $400 million in liquidations across the network in 24 hours.

CN
13 hours ago

Organized by: Nona, Techub News

**TinTinLand
**

Fear and Greed Index: 29 (Fear)
Bitcoin Price: $108,139
BTC/ETH Spot ETF Fund Flow (10.21)
BTC Net Inflow: $266.29 M
ETH Net Inflow: $99.20 M

Hong Kong

BTC/ETH Spot ETF Fund Flow (10.20)

BTC Net Redemption: 103.66 BTC

ETH Net Subscription: 0 ETH

[Regulation/Macro](Selected Activities in Hong Kong for October)
We have specially compiled noteworthy activities in the crypto space in Hong Kong for October, which will open a window to the future of Web3 for you.

[Projects/Company Updates](Selected Activities in Hong Kong for October)
The third largest province in Canada, British Columbia, announced plans to permanently ban new crypto mining projects from connecting to government power to protect the region's power supply. The province submitted an amendment to energy regulations to the regional legislature on Monday, ensuring that industries expected to create jobs and generate public revenue can access power.

[The Smarter Web Company](The Smarter Web Company increases its Bitcoin holdings by 10, totaling 2,660)
The UK-listed company The Smarter Web Company has increased its Bitcoin holdings by 10, bringing its total to 2,660.

[Ethena Founder](Ethena plans to launch two new products within three months, potentially comparable in scale to stablecoin USDe)
Ethena plans to launch two new products within the next three months, potentially comparable in scale to stablecoin USDe.

[RSXYZ Public Company Limited](RSXYZ increases its Bitcoin holdings by 21.97, total holdings rise to 74.97)
Thai listed company RSXYZ Public Company Limited (Ticker: XYZ) disclosed that it spent $2.45 million to purchase 21.97 Bitcoins at a price of $111,440 each. As of October 21, 2025, the company holds 74.97 Bitcoins, with a total purchase cost of $8.44 million, averaging $112,628 per Bitcoin.

[Tether](Tether announces strategic investment in Kotani Pay)
Tether announced a strategic investment in Kotani Pay, with the specific amount undisclosed. Kotani Pay is an infrastructure that connects Web3 users across Africa with local payment channels, aiming to empower African people and businesses to easily access digital assets and lower the barriers to participating in the global financial system.

[In-Depth & Outlook](Tether announces strategic investment in Kotani Pay)

The official announcement of the Chinese name "Solara" indicates that the Chinese meme narrative is becoming a new mainstream on-chain. Overall, the introduction of a Chinese name by Solana is positively significant for the crypto market, further reinforcing the view that "the Chinese narrative is gradually becoming a new mainstream on-chain" and indicating that the Chinese meme market is gaining increasing attention.

[2025 Global Payment Report](2025 Global Payment Report: Thoughts on Development under Multiple Payment Tracks)
We integrate stablecoins/tokenized currencies into the entire global payment landscape, or from a Fintech perspective, who will integrate and how to integrate these fragmented systems caused by geopolitical factors, as well as how to adapt to the development of the next payment era based on their own advantages, are questions that all market players need to consider.

[Views](2025 Global Payment Report: Thoughts on Development under Multiple Payment Tracks)
The shift in venture capital activity reflects a broader trend in institutional cryptocurrency investment and a focus on revenue-generating digital asset businesses, rather than price speculation that drove investment in previous cryptocurrency cycles like the bull market of 2021.

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。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink