Organized by: Nona, Techub News
**TinTinLand
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Fear and Greed Index: 31 (Fear)
Bitcoin Price: $106,993
BTC/ETH Spot ETF Fund Flow (11.10)
BTC Net Inflow: 0
ETH Net Inflow: 0
Hong Kong
BTC/ETH Spot ETF Fund Flow (11.10)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 0 ETH
[]( 13%
Hong Kong stock cryptocurrency concept gains expanded, Huajian Medical (01931.HK) surged over 13% in the afternoon, OKLink (01499.HK) rose over 8%, and stocks like Yunfeng Financial (00376.HK), Guotai Junan International (01788.HK), and OSL Group (00863.HK) followed suit.
Ripple's Global Policy Co-Head Rahul Advani stated that as other jurisdictions gradually establish stablecoin systems, the Hong Kong Monetary Authority could advance a mutual recognition mechanism for regulatory frameworks. When Hong Kong recognizes mechanisms from other regions, locally licensed stablecoins are expected to circulate in Hong Kong, while Hong Kong stablecoins can also circulate in other regions.
The Hong Kong government plans to issue green digital bonds denominated in US dollars, Hong Kong dollars, euros, and offshore renminbi. These bonds may be priced as early as Monday. If pricing is successful, this will be the third batch of such bonds issued by Hong Kong since 2023.
](<div class=)
[]( 4%
Hong Kong stock cryptocurrency concept stocks rebounded, OKLink (01499.HK) rose over 5%, Yunfeng Financial (00376.HK) increased over 4%, and stocks like Boya Interactive (00434.HK) and Huajian Medical (01931.HK) also gained.
We have specially compiled noteworthy events in the cryptocurrency field in Hong Kong for November, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[Regulation/Macro]( Selected Events in Hong Kong for November
We have specially compiled noteworthy events in the cryptocurrency field in Hong Kong for November, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[
The Bank of England proposed a cap of £20,000 on individual stablecoin holdings, with a limit of £10 million for corporate holdings. Additionally, 60% of the assets supporting stablecoins can be held in short-term UK government bonds, and at least 40% must be deposited with the Bank of England. Stablecoins transitioning from the UK's Financial Conduct Authority (FCA) regulatory framework can have up to 95% of their reserve assets invested in short-term government bonds.
]( £20,000 cap for individuals, £10 million cap for corporations<div class=)
[](
The Japanese Financial Services Agency is considering establishing a new system requiring cryptocurrency custody and trading management service providers to register with regulators before providing services to cryptocurrency exchanges. A working group under the Financial System Council, an advisory body to the Japanese Prime Minister, began discussions on this topic on November 7.
[](
Iranian Parliament Speaker Mohammad Bagher Ghalibaf claimed at a blockchain event last week that Iran cannot achieve its digital economy goals without accepting cryptocurrency. Ghalibaf stated that formulating a national roadmap for cryptocurrency assets is "urgent." He mentioned the goal set in Iran's latest "National Development Plan" to have the digital economy account for 10% and pointed out that this goal cannot be achieved without accepting cryptocurrency. Ghalibaf urged the country's Ministry of Economy and Industry, the central bank, and other government agencies to work together to ensure the regulated development of this field.
[
](
Iranian Parliament Speaker Mohammad Bagher Ghalibaf claimed at a blockchain event last week that Iran cannot achieve its digital economy goals without accepting cryptocurrency. Ghalibaf stated that formulating a national roadmap for cryptocurrency assets is "urgent." He mentioned the goal set in Iran's latest "National Development Plan" to have the digital economy account for 10% and pointed out that this goal cannot be achieved without accepting cryptocurrency. Ghalibaf urged the country's Ministry of Economy and Industry, the central bank, and other government agencies to work together to ensure the regulated development of this field.
[](
Iranian Parliament Speaker Mohammad Bagher Ghalibaf claimed at a blockchain event last week that Iran cannot achieve its digital economy goals without accepting cryptocurrency. Ghalibaf stated that formulating a national roadmap for cryptocurrency assets is "urgent." He mentioned the goal set in Iran's latest "National Development Plan" to have the digital economy account for 10% and pointed out that this goal cannot be achieved without accepting cryptocurrency. Ghalibaf urged the country's Ministry of Economy and Industry, the central bank, and other government agencies to work together to ensure the regulated development of this field.
<h3 dir=)[According to Bloomberg citing informed sources, Bybit is seeking to acquire the South Korean exchange Korbit.]( Seeking to acquire the South Korean exchange Korbit<p class=)
[]( Seeking to acquire the South Korean exchange Korbit<p class=)[According to X user Ai Yi monitoring, an address starting with 0x2Cd (suspected early investor in ENS) received 163,000 tokens from the ENS multi-signature wallet about 15 minutes ago, worth approximately $2.35 million. This address has received approximately $11.12 million worth of ENS from the project party since September 30, and has not yet transferred or sold; however, there have been instances of receiving and then depositing into Binance after a period, the most recent being six months ago.
]( Early ENS investor received 163,000 tokens from ENS multi-signature wallet again<p class=)
[]( Early ENS investor received 163,000 tokens from ENS multi-signature wallet again<p class=)[Major holding companies in South Korea are competing to establish partnerships with large tech companies (especially Naver, Kakao, and Samsung Electronics) to gain an advantage in the rapidly rising stablecoin market.
](<p class=)
[](
[FTX creditor representative Sunil tweeted that FTX's total assets before compensation are approximately $16 billion to $17 billion, with compensation of $454 million on February 18, 2025, $5 billion on May 30, 2025, and $1.6 billion on September 30, 2025, totaling $7.1 billion in compensation. The next payment is expected to take place in January 2026, with the eligibility confirmation deadline possibly in December, but the specific time will await official announcement.
]( Creditor representative: Fourth round of compensation expected to start in January next year<p class=)
[]( Creditor representative: Fourth round of compensation expected to start in January next year<p class=)[Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), confirmed that the agency is directly negotiating with regulated trading platforms and plans to launch cryptocurrency spot trading, including leveraged products, as early as next month. Currently, it has held talks with several designated contract markets (DCM) under CFTC regulation, including CME, Cboe Futures Exchange, ICE Futures Exchange, crypto-native platform Coinbase Derivatives, prediction markets Kalshi, and Polymarket US. The discussions involve launching cryptocurrency spot trading products with margin, leverage, and financing features.
]( CFTC acting chair confirms promoting regulated trading platforms to launch cryptocurrency spot leveraged trading<p class=)
[]( CFTC acting chair confirms promoting regulated trading platforms to launch cryptocurrency spot leveraged trading<p class=)[Ledger CEO Pascal Gauthier stated that the company is considering an IPO in New York or conducting a round of private financing and is actively expanding its business in New York. As of 2025, Ledger's revenue has reached hundreds of millions of dollars. The company previously raised funds from investors such as 10T Holdings and Singapore's True Global Ventures in 2023, resulting in a valuation of $1.5 billion.
]( Considering an IPO in New York or conducting a round of private financing<p class=)
[]( Overview of the Global Stablecoin Consumption Landscape
By 2025, stablecoins are no longer theoretical tools; they are being spent, settled, and scaled in the real economy. From institutional liquidity pipelines to retail checkouts, stablecoins are quietly yet decisively changing the way value flows.
<div class=)[**Perspective**](Powell's metaphor of "driving in the fog" is no longer limited to the Federal Reserve itself but has become a reflection of today's global economy. Whether policymakers, businesses, or investors, all are groping forward in an environment lacking clear vision, relying only on liquidity reflexes and short-term incentive mechanisms. The new policy framework presents three characteristics: limited visibility, weak confidence, and liquidity-driven distortions.
<div class=)[]( Can running an Ethereum node still be profitable in 2025?
For users with limited funds or time, liquidity staking pools offer a highly liquid, lower management burden alternative, although they also come with additional smart contract risks.
<div class=)[The market performance of innovative financial tools like DAT (Digital Asset Treasury) analyzes whether the current market is at a critical turning point from a bull market to a bear market, as well as the market prospects and challenges of DAT against the backdrop of price fluctuations in U.S. stocks and Bitcoin, and regulatory restrictions on stablecoins.](
Guests delved into the impact of policy changes in Hong Kong and the mainland on the Web3 industry, particularly regarding Bitcoin, stablecoins, and <span class=)
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