Organized by: Nona, Techub News
**TinTinLand
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Fear and Greed Index: 29 (Fear)
Bitcoin Price: $91,049
BTC/ETH Spot ETF Fund Flow (12.10)
BTC Net Inflow: 0
ETH Net Inflow: $7.91 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (12.10)
BTC Net Subscription: 3.13 BTC
ETH Net Subscription: 0 ETH
[
]( Selected Activities in Hong Kong for December
We have specially compiled noteworthy activities in the crypto field in Hong Kong for December, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[Regulation/Macro]( Selected Activities in Hong Kong for December
We have specially compiled noteworthy activities in the crypto field in Hong Kong for December, which will open a window to the future of Web3 for you.
<div data-v-c679a437=)[](
The Office of the Comptroller of the Currency (OCC) announced on Tuesday that U.S. banks can act as intermediaries for cryptocurrency transactions, buying and selling digital assets on behalf of customers. This "risk-free principal trading" model is similar to how banks currently handle securities transactions for clients, acting only as intermediaries without holding crypto assets in their own inventory.
EU Financial Services Commissioner Mairead McGuinness stated on Tuesday that the EU hopes to begin implementing its capital market integration reform package by 2027, providing the first guidance on the timeline for this reform. The new proposal still requires approval from the European Parliament and the EU Council, with some member states strongly opposing it. Centralizing regulatory power will bring important clearinghouses, central securities depositories, and trading platforms under ESMA's jurisdiction, and cryptocurrency companies will also be subject to ESMA regulation.
SEC Chairman Paul Atkins stated at the Blockchain Association's annual policy summit that various types of ICOs should be considered non-securities transactions and therefore not subject to SEC regulation. Atkins categorized the cryptocurrency industry into four main token categories, where network tokens, digital collectibles, and digital tools themselves should not be considered securities, and related ICOs should also be regarded as non-securities transactions. Atkins pointed out that the only category of ICOs that the SEC should regulate is tokenized securities, which are tokenized transactions of securities already regulated by the SEC on-chain.
[]( Chairman: Various Types of Tokens ICO Should Be Considered Non-Securities Transactions, Not Subject to SEC Regulation
SEC Chairman Paul Atkins stated at the Blockchain Association's annual policy summit that various types of ICOs should be considered non-securities transactions and therefore not subject to SEC regulation. Atkins categorized the cryptocurrency industry into four main token categories, where network tokens, digital collectibles, and digital tools themselves should not be considered securities, and related ICOs should also be regarded as non-securities transactions. Atkins pointed out that the only category of ICOs that the SEC should regulate is tokenized securities, which are tokenized transactions of securities already regulated by the SEC on-chain.
[
]( Chairman: Various Types of Tokens ICO Should Be Considered Non-Securities Transactions, Not Subject to SEC Regulation
SEC Chairman Paul Atkins stated at the Blockchain Association's annual policy summit that various types of ICOs should be considered non-securities transactions and therefore not subject to SEC regulation. Atkins categorized the cryptocurrency industry into four main token categories, where network tokens, digital collectibles, and digital tools themselves should not be considered securities, and related ICOs should also be regarded as non-securities transactions. Atkins pointed out that the only category of ICOs that the SEC should regulate is tokenized securities, which are tokenized transactions of securities already regulated by the SEC on-chain.
[]( Chairman: Various Types of Tokens ICO Should Be Considered Non-Securities Transactions, Not Subject to SEC Regulation
SEC Chairman Paul Atkins stated at the Blockchain Association's annual policy summit that various types of ICOs should be considered non-securities transactions and therefore not subject to SEC regulation. Atkins categorized the cryptocurrency industry into four main token categories, where network tokens, digital collectibles, and digital tools themselves should not be considered securities, and related ICOs should also be regarded as non-securities transactions. Atkins pointed out that the only category of ICOs that the SEC should regulate is tokenized securities, which are tokenized transactions of securities already regulated by the SEC on-chain.
The prediction market platform Kalshi has obtained permission from Connecticut regulators to temporarily halt enforcement actions. A federal judge ordered Connecticut authorities not to take enforcement action against Kalshi for the time being. Last week, the Connecticut Department of Consumer Protection issued a cease-and-desist notice to Kalshi, accusing the company of providing unlicensed sports-related betting services, after which Kalshi filed a lawsuit against Connecticut authorities a day later, arguing that its market (which allows users to trade the outcomes of future events) is regulated as derivatives by the Commodity Futures Trading Commission.
According to<a href=) reports, the National Pension Service of Korea (NPS) has increased its holdings in Bitcoin treasury company Strategy (MSTR) to $93 million.
[]( Solana ETF Files Form 8-A with the SEC
Global asset management giant Invesco has submitted Form 8-A to the U.S. Securities and Exchange Commission (SEC) for its Invesco Galaxy Solana ETF, a step typically taken before the official launch of a product. Following the submission of such documents, trading usually begins the next day.
Russia's largest securities market, the Moscow Exchange (MOEX), reported that the platform's cryptocurrency futures trading volume reached 48.7 billion rubles (approximately $636 million) in November, setting a historical record. As of the end of last month, the total trading volume in its derivatives market reached 11.7 trillion rubles. The open interest in its exchange-traded derivatives market exceeded 2.7 trillion rubles. More than 135,000 clients trade futures and options on the exchange, with individual investors accounting for nearly 55% of the total trading volume in exchange-traded derivatives.
The team behind the privacy blockchain project Octra, Octra Labs, will hold a public token sale on the Sonar platform on December 18. Sonar is a token issuance platform launched by Jordan "Cobie" Fish, recently acquired by Coinbase. This week-long token sale aims to raise $20 million by selling 10% of the total OCT token supply, corresponding to a fully diluted valuation (FDV) of $200 million.
Nicholas Financial has submitted an application to the U.S. Securities and Exchange Commission to launch a Bitcoin ETF called "AfterDark," which will hold Bitcoin only during overnight trading hours. The "AfterDark" ETF will buy Bitcoin after the U.S. stock market closes and sell Bitcoin during U.S. trading hours, reinvesting in U.S. Treasury bonds. Data shows that Bitcoin often performs better during traditional U.S. market off-hours.
According to new guidelines from the Office of the Comptroller of the Currency (OCC), U.S. banks are allowed to provide cryptocurrency trading intermediary services, further clarifying how traditional lending institutions can legally participate in digital asset trading. The OCC memorandum states that banks can act as brokers, purchasing assets from one counterparty while selling those assets to another counterparty. In this process, lending institutions will not hold any crypto assets.
German automaker BMW AG has begun using a blockchain-based system to automate part of its foreign exchange trading. The company is utilizing JPMorgan Chase & Co.'s Kinexys platform, which automatically reallocates euros from its Frankfurt account when BMW's dollar account balance in New York falls below a set threshold.
<div class=)[Insights & Outlook]( Bullish Aim Launches Ringgit-Backed Stablecoin RMJDT
Telecom company Bullish Aim launched RMJDT on Tuesday, a new stablecoin backed by the Malaysian ringgit. The company is owned by a member of the Johor royal family, Prince Ismail Ibrahim, the current King of Malaysia. The stablecoin will be issued on the Layer 1 blockchain Zetrix. In addition to issuing the stablecoin, Bullish Aim will establish a Digital Asset Treasury (DAT) company, with an initial treasury asset allocation of 500 million ringgit (approximately $121.5 million) in Zetrix (ZETRIX) tokens.
<h3 dir=)[]( Bullish Aim Launches Ringgit-Backed Stablecoin RMJDT
Telecom company Bullish Aim launched RMJDT on Tuesday, a new stablecoin backed by the Malaysian ringgit. The company is owned by a member of the Johor royal family, Prince Ismail Ibrahim, the current King of Malaysia. The stablecoin will be issued on the Layer 1 blockchain Zetrix. In addition to issuing the stablecoin, Bullish Aim will establish a Digital Asset Treasury (DAT) company, with an initial treasury asset allocation of 500 million ringgit (approximately $121.5 million) in Zetrix (ZETRIX) tokens.
<h3 dir=)[Over the past year, the cryptocurrency industry has developed rapidly, and the openness and improvement of U.S. regulatory policies have undoubtedly been a major driving force behind this trend. At the same time, this is also an important factor in the market's expectation that the industry will enter another upward cycle next year.](<p class=)
[](<p class=)
[](<p class=)
[](<p class=)[From ubiquitous crypto payments on the streets to sovereign wealth funds getting personally involved, and to a clear and transparent regulatory framework, the UAE has rapidly emerged as a crypto hub connecting East and West. Particularly in Abu Dhabi, with recent gatherings of crypto giants like Binance, Tether, Circle, and Ripple, this bustling city is becoming a new crypto stronghold that the world is targeting.
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[Opinions](<p dir=)
[]( HIP-3: A Data-Driven Guide for Stakers' Profitability
Under real fee structures, operational costs, and staking scales, how much trading volume does a HIP-3 market need to generate daily to provide attractive returns for stakers? This article aims to answer this question with clear numbers and verifiable mechanisms—rather than relying on intuition—and to provide a clean, iterable foundation for builders, stakers, and researchers.
<div class=)[]( HIP-3: A Data-Driven Guide for Stakers' Profitability
Under real fee structures, operational costs, and staking scales, how much trading volume does a HIP-3 market need to generate daily to provide attractive returns for stakers? This article aims to answer this question with clear numbers and verifiable mechanisms—rather than relying on intuition—and to provide a clean, iterable foundation for builders, stakers, and researchers.
<div class=)[Investors holding losses are eager for revenge; we need to break free from the current cycle of meme coins, cross-chain bridge exploits, and regulatory chaos known as the "Wild West." We need a structure that allows real capital to enter safely (led by Sequoia, Bain, BlackRock, or Citigroup), while also protecting end users from predatory capital.](<p class=)
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