The Hong Kong Securities and Futures Commission issued a circular clarifying the custody requirements for virtual asset trading platforms, covering management responsibilities, Cold Wallet infrastructure, third-party Wallet applications, and threat monitoring, promoting the establishment of an effective virtual asset custody framework.

Golden Finance reported that DigitalOcean, a company listed on the New York Stock Exchange, announced it has issued $550 million in convertible preferred notes to qualified institutional buyers and plans to use the funds for general corporate purposes, working capital, operating expenses, and capital expenditures. DigitalOcean is a cloud infrastructure provider based in the United States, offering virtual private servers for software developers and also jointly hosts some Ethereum nodes.

PANews August 11 news, Web3 travel and consumption platform Umy announced that it has become the first Web3 company to obtain a travel agency license. The official statement said that this move will promote the integration of virtual and reality, allowing users to use Crypto Assets for cross-border bookings and payments in regular travel experiences, with a faster and more transparent process. Umy stated that itinerary planning and service assurance remain professional and reliable, with innovative elements throughout the travel process, further reshaping industry trust and experience.

Gate News bot news, the Liaoning High People's Court recently issued an important reminder regarding the risks of Virtual Money investment. The reminder pointed out that recently, illegal organizations have been using concepts such as "financial innovation" and "digital asset" for speculation, and taking advantage of the public's lack of knowledge about stablecoin and other concepts to attract public funds by issuing so-called "Virtual Money", "virtual asset" or "digital asset", inducing people to participate in trading. The Liaoning High Court particularly emphasizes that the public should remain highly vigilant against such behaviors to prevent falling into the traps of illegal financial activities.

BlockBeats news, on August 9, according to GMGN data, the on-chain AI virtual creature concept Meme token SPARK on Solana has a market capitalization exceeding 18 million USD, reaching an all-time high, with a trading volume of 16.6 million USD in the last 24 hours and a rise of 437% in the last 24 hours. BlockBeats reminds users that Meme coins generally have no practical use cases, and price fluctuations are significant; investors should proceed with caution.

Ripple announced that its Ethereum Virtual Machine compatible sidechain XRP Ledger went live on June 30, aiming to usher in a new era of cross-chain Decentralized Finance. However, the total lock-up position on the network is currently less than $100,000, with only four protocols, and the trading volume of the most popular application is also quite low.

According to Gate News bot, citing sources from Bloomberg, Chinese regulators have requested domestic brokerages and other relevant institutions to suspend the release of stablecoin research reports and related promotional activities to prevent market overheating and control potential risks. According to sources, from late July to early August, several large securities firms and think tanks received guidance from financial regulatory authorities to cancel activities related to stablecoins and stop disseminating related research content. At the same time, regulatory agencies in Beijing, Suzhou, Zhejiang and other places have recently issued warnings about the risks of illegal fundraising related to virtual currencies and stablecoins. Stablecoins are usually issued by private companies, often pegged to the US dollar, and backed by cash-like assets such as US Treasury bills. By 2030, the global supply of stablecoins is expected to reach $3.7 trillion.

The stablecoin payment infrastructure Blindpay has completed a $3.3 million seed round financing, with investors including Y Combinator and others. The company provides enterprise cross-border transfer and virtual account tools through API and has processed over $125 million in transfers in 2025.

Golden Finance reports that Casio America has announced a collaboration between its watch brand "G-SHOCK" and The Sandbox to enter the Metaverse market. G-SHOCK plans to launch an interactive game, exclusive avatar placements, limited edition NFTs, and a virtual amusement park "G-SHOCK City" this September.

Odaily News Today, Cao Cao Mobility signed a memorandum of strategic cooperation on virtual assets with Hong Kong licensed Financial Institution Victory Securities. Both parties will conduct in-depth cooperation around three main directions: tokenization of real-world assets, stablecoin payment applications, and compliance digital currency issuance. Gong Xin, Executive Director and CEO of Cao Cao Mobility, stated that through blockchain technology and Web 3.0 innovative models, the process of asset tokenization in the Robotaxi industry will be accelerated. (Sina Finance)

Gate News Bot news, August 6th, according to CoinMarketCap data, as of the time of writing, SKATE (Skate) is currently priced at $0.05, with a rise of 13.82% in the last 24 hours, reaching a high of $0.07 and a low of $0.04. The current market capitalization is approximately $11.4 million, with an increase of $1.39 million compared to yesterday. Skate is a platform focused on cross-virtual machine (VM) interaction, allowing users to interact with applications from any VM on their preferred VM. Skate is committed to building the future of cross-VM interaction, connecting all VMs, including EVM, TVM, SVM, and more. The platform supports running and using the same applications across all chains, providing a unified interface and experience. Skate is backed by leading institutions in the industry, including Nomad Capit

Gate News Bot news, on August 6th, according to CoinMarketCap, as of the time of writing, HOUSE (Housecoin) is currently priced at $0.02, with a 45.88% rise in the last 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $22.7 million, an increase of $7.13 million from yesterday. Housecoin is a cryptocurrency project aimed at disrupting the real estate market. Its slogan is "One $HOUSE at a time flips the real estate market." The project claims that the real estate market will crash, and Housecoin will become a hedging tool. The project also offers virtual house experiences and 3D house flipping visualization features. Currently, the total supply of Housecoin is 999 million, with a liquidity of 1.79 million dollars, and there are 23,556 holders. H

Gate News Bot message, August 5th, according to CoinMarketCap, as of the time of writing, PDX (PDX Coin) is currently reported at 1701.10 USD, with a rise of 660.45% within 24 hours, reaching a peak of 1701.94 USD and a low of 179.98 USD, with a 24-hour volume of 6.6 million USD. PDX Coin is the core of an ecosystem dedicated to developing and providing world-class infrastructure in areas such as banking and payments, gaming and the metaverse, digital asset trading and exchange. The project plans to launch an advanced blockchain protocol by the end of 2025. PDX's mission includes developing a global crypto payment and virtual banking platform, investing in long-term partnerships, and developing metaverse content. Important news about PDX recently: 1️⃣ **PDX price rise triggers market

Gate News Bot news, August 5, according to CoinMarketCap data, as of the time of writing, MAGIC (Treasure) is currently priced at $0.27, rising 47.94% in the last 24 hours, with a high of $0.27 and a low of $0.14. The 24-hour volume reached $529 million. The current market capitalization is approximately $84.7 million, an increase of $27.5 million compared to yesterday. Treasure is a blockchain ecosystem focused on AI, Smolworld, and Bridgeworld. MAGIC is the native token of this ecosystem, used for building, gaming, and evolution. Treasure is developing multiple products, including virtual companion AI, Smolworld games, and the Canopy platform. The project also offers an NFT trading market and supports

Odaily News Guotai Junan Securities released a research report stating that Robinhood's model for laying out virtual asset-related businesses has certain reference significance for Chinese securities firms entering related businesses. Under the compliance background, obtaining relevant licenses, promoting asset on-chain, and exploring PFOF business forms may enhance its profitability. Combined with the brokerage zone's own PB-ROE valuation paradigm, the brokerage zone still has double-click potential going forward, maintaining an "outperform the market" rating for the industry. (Aastocks)

According to a report by Golden Finance, Ed Financial has announced that it has received approval from the Hong Kong Securities and Futures Commission to upgrade the physical subscription and redemption mechanism for digital asset ETFs. Users will be able to directly purchase and redeem Bitcoin (BTC) or Ethereum (ETH) Spot ETFs with crypto assets in their Eddid ONE virtual asset accounts.

Gate News bot message, on July 25, the Financial Services Commission and the Financial Supervisory Service of South Korea convened a meeting of executives from the five major virtual asset exchanges, focusing on the cryptocurrency lending services recently launched by Upbit and Bithumb. The regulatory agencies expressed concerns about the potential legal disputes surrounding these services, insufficient user protection, and the impact on the operators' stability. Bithumb and Upbit launched Crypto Assets lending services on the 4th, allowing investors to engage in high-leverage investments and short-selling operations. This has raised the alert of regulatory authorities, especially considering that the current maximum leverage for ETF in the South Korean stock market is only 2 times. After the meeting, Upbit and Bithumb successively adjusted their lending services. In light of the ongoing controversy, financial authorities decided to jointly establish a special working group with the industry to formulate self-regulatory rules, according to Yonhap News.

Gate News Bot news, on July 30, according to CoinMarketCap data, as of the time of publication, IOTX(IoTeX) is currently reported at $0.03, having risen 11.63% in the last 24 hours, with a peak of $0.03 and a low falling to $0.02. The current market capitalization is approximately $239 million, an increase of $24,900 compared to yesterday. IoTeX is an open ecosystem platform aimed at transforming data from the network of physical machines into collective intelligence that drives the development of the next generation of artificial intelligence. The project is dedicated to building an open physical intelligence ecosystem, providing services for intelligent agents, physical artificial intelligence, and models. Important news about IOTX recently: 1️⃣ **Hong Kong market expansion, IOTX/HKD trading pair launched** Hong Kong licensed virtual asset exchange HashKey Exch

The Hong Kong Securities and Futures Commission has issued a notice reminding the public to be cautious of suspicious investment products named "FoFund No. 1", "FoFund No. 2", "Fo Coin", and "Peach Blossom Source NFT", which are not recognized by the Securities and Futures Commission and involve virtual asset investments.

Gate News bot message, according to SoSoValue data, the crypto market has experienced a comprehensive pullback after a brief Rebound, with declines generally between 2% and 6%. The AI zone has seen the most significant drop, falling 6.75% within 24 hours, with Virtuals Protocol (VIRTUAL) experiencing a decline of 15.01%. Ethereum (ETH) fell by 2.17%, dropping below the $3800 mark. Bitcoin (BTC) price retreated to $117,000, down by 0.99%. Other zones also generally fell, with the CeFi zone down 1.87%, the Layer1 zone down 3.20%, the PayFi zone down 3.88%, the DeFi zone down 5.20%, and the Layer2 zone down 5.41%. The RWA and Meme zones fell by 5.80% and 5.98%, respectively. crypto zone index

Gate News Bot message, July 28, according to CoinMarketCap data, as of the time of writing, METO (Metafluence) is currently priced at 0.0000992946 USD, having risen 60.95% in the last 24 hours, reaching a high of 0.00028649 USD and a low of 0.0000599596 USD, with a 24-hour volume of 189,900 USD. Metafluence is a virtual city driven by influencers and brands. The platform allows users to build vibrant metaverse communities, explore immersive experiences, participate in exciting events, and earn exclusive rewards. Metafluence offers fully customizable 3D avatars, where users can upload photos to automatically generate personalized avatars, or convert 2D or 3D PFP images into exclusive avatars. The platform also provides

Golden Finance reports that on-chain analyst Yu Jin pointed out that Solayer's InfiniSVM allows developers to create SPL Tokens in as little as 30 seconds for as low as $0.05, and is compatible with the Solana Virtual Machine, making it easier for developers to use existing tools and programs.

PANews July 26 news, according to Yahoo Finance, Futu announced that it will further explore compliance on-chain trading solutions. Its licensed virtual asset trading platform (VATP) plans to provide income-generating investment options for institutional and retail investors as well as crypto assets holders in the future. In addition, Futu also revealed a Web3.0 strategic cooperation with Huaxia Fund (Hong Kong) and will launch tokenized currency funds in HKD, RMB, and USD.

Gate News bot message, a significant whale address has executed multiple Base token sales within a 48-hour period, resulting in a total loss of $5 million. The transactions include the sale of 1.08 million VIRTUAL tokens for $1.87 million USDC, representing a $1.73 million loss from the initial pur

PANews July 22 news, Futu Group announced a long-term strategic cooperation with Huaxia Fund (Hong Kong) in Web3.0, and both parties will jointly promote the deep integration of TradFi and Blockchain technology. Futu will launch a series of tokenized currency fund products from Huaxia Fund on its Futu NiuNiu App as an exclusive technology brokerage, covering three major currencies: Hong Kong Dollar, Renminbi, and US Dollar. It will also provide compliant 24/7 flexible interest investment solutions for investors and cryptocurrency holders through Futu's licensed Virtual Asset Trading Platform (VATP). In the future, both parties will explore a dual-track subscription and redemption mechanism "on-chain" and "off-chain" as well as all-weather on-chain trading. Huaxia Fund (Hong Kong) has previously launched the world's most comprehensive series of tokenized currency funds, including the first tokenized fund for retail investors in the Asia-Pacific region and the world's first tokenized fund denominated in Renminbi, while also issuing Asia's first batch of virtual asset spot ETFs.

Gate News bot message, according to Gate's announcement on July 21, 2025: Gate will launch the 285th Launchpool project ZKWASM (ZKWASM) token mining event. This event will take place from July 22, 2025, 20:00 to July 29, 20:00 ( UTC+8, during which users can stake USDT and ZKWASM to share a total reward of 500,000 ZKWASM tokens. ZKWASM is the world's first open-source virtual machine developed by Delphinus Lab that supports generating zero-knowledge proofs for WebAssembly. The project supports verifiable off-chain computation and builds a modular rollup architecture, receiving support from top investment institutions including Binance Labs and HashKey Capital. The system will distribute token rewards every hour based on the user's staked asset ratio. The exclusive staking pool for new users is only available to users who register after 08:00 UTC+8 on July 20, 2025, ).

Fosun International's subsidiary, Fosun Wealth International Holdings, has registered multiple trademarks related to Crypto Assets in Hong Kong, indicating its intention to strengthen its presence in the virtual assets sector. At the same time, the company has obtained approval from the Securities and Futures Commission to provide virtual asset trading services and is preparing several asset tokenization projects.

According to Gate News bot, on July 20, 2025, Gate will launch the spot trading of ZKWASM Token for the first time and simultaneously start the 270th HODLer Airdrop activity. The ZKWASM/USDT trading pair will be open for trading on July 22, 2025, at 20:00 ( UTC+8 ). The total amount for this airdrop event is 250,000 ZKWASM, which will be distributed to GT holders, and the event will close on July 22, 2025, at 18:00 ( UTC+8 ). ZKWASM is the world's first open-source virtual machine that supports generating zero-knowledge proofs for WebAssembly, developed by the Delphinus Lab team. The project aims to support verifiable off-chain computation and build a modular rollup architecture. The ZKWASM Token is issued based on the BEP-20 standard, with a total supply of 1 billion coins, and the contract address is 0xa8d3dee6671c4fdac4743a1eb1f276eabd4ba302.

Odaily News: Minsheng Securities pointed out that in the short term, cross-border payment scenarios are expected to become important applications for stablecoins. Stablecoins are expected to help improve cross-border payment efficiency and drop cross-border payment costs. Financial technology targets related to cross-border payments are expected to continue benefiting, and it is recommended to focus on Lianlian Digital. In the long term, stablecoins are expected to promote virtual asset trading and RWA, STO, and stablecoins are expected to assist traditional financial assets in conducting on-chain transactions. (Jiemian News)

According to Jinse Finance, as reported by Hong Kong media Wen Wei Po, after the listing of the Bitcoin ETF in Hong Kong, Ren Junfei, the founder and CEO of the licensed virtual asset management company Pando, announced plans to launch a staking spot Ether ETF product in Hong Kong in the second half of this year. This product will not only be a spot holding type but will also include additional returns. Currently, discussions are ongoing with Hong Kong regulatory authorities regarding how to protect investor interests, as well as operational matters such as subscription and redemption.

According to BlockBeats news on July 18, as reported by Caixin, the virtual coin investment eyewash from the mainland has spread to Hong Kong, with at least 118 people falling victim to the scheme, resulting in total losses of approximately 3.2 million HKD. The Hong Kong police revealed that on July 15, they arrested four local residents for "conspiracy to commit fraud". They are suspected of hosting promotional dinners for the mainland virtual coin eyewash, recruiting victims, and collecting scam funds amounting to 3.89 million HKD. Aside from a small amount of funds that were withdrawn, the remaining approximately 3.2 million HKD has yet to be recovered.

Australia's financial intelligence agency AUSTRAC has identified crypto assets as a key threat in the fight against financial crime, planning to bring approximately 80,000 businesses under AML regulations by 2026, marking a significant expansion of the country's regulatory framework, with a focus on mitigating the risks posed by virtual asset service providers.

Gate News bot message, according to the official announcement from Gate on July 17, 2025. Gate has launched a 7-day fixed investment product for ES tokens, offering an annualized return of 500%. The total quota is 780,000 ES tokens, and it adopts a first-come, first-served subscription mechanism. The ES token is the native token of the Eclipse project. Eclipse is a pioneering L2 solution on Ethereum that integrates the Solana Virtual Machine (SVM), featuring a modular architecture that combines Ethereum's transaction settlement, SVM's efficient execution, and Celestia's data availability guarantee.

The Hong Kong Securities and Futures Commission has issued a circular, optimizing measures to extend the licensing period for mobile professionals conducting regulated activities or providing virtual asset services in Hong Kong from 30 days to 45 days, in order to enhance their flexibility in Hong Kong.

Gate News bot news, according to the official announcement from Gate on July 15, 2025: Gate will launch the Ethereum ecosystem project Eclipse (ES) token. Eclipse is the first Solana virtual machine (SVM) L2 solution on Ethereum, combining Ethereum's transaction settlement, SVM's efficient execution, and Celestia's data availability guarantee. The platform will launch the HODLer Airdrop event on July 16, 2025, at 16:00 ( UTC+8, with a total of 60,000 ES tokens to be airdropped. The ES/USDT trading pair will officially start trading on the same day at 18:00 ) UTC+8. The Eclipse token adopts the ERC-20 standard, with a total supply of 1 billion tokens. The contract address is 0x6055dc6ff1077eebe5e6d2ba1a1f53d7ef8430de. The token distribution plan includes: contributors 19%, investors 31%, airdrop and liquidity 15%, ecosystem and development 35%.

With the Hong Kong "Stablecoin Regulation" set to officially take effect on August 1, Hong Kong has taken a critical step in the regulation of virtual assets. This policy not only provides a clear compliance pathway for stablecoin issuance entities but also has sparked significant enthusiasm in the market. According to reports from Hong Kong media, there are currently 50 to 60 companies interested in applying for Hong Kong's stablecoin license, half of which are payment institutions, while the other half are well-known internet companies, most of which have Chinese capital backgrounds. However, industry estimates suggest that only 3 to 4 licenses will be issued in the first phase, meaning that licenses will be scarce and competition will be exceptionally fierce.

Golden Finance reported that the official website of the Hong Kong Securities and Futures Commission has updated data showing that the application for a virtual asset trading platform license submitted by Bitcoin World was withdrawn on July 10. It is understood that Bitcoin World Technology Limited initially submitted the application to the Hong Kong Securities and Futures Commission in May 2024, but it was returned by the regulatory agency in October 2024. The application was then resubmitted on June 10, 2025, but has now been withdrawn.

Jin10 data, July 11, reports that East Money stated on its interactive platform that its subsidiary, HaFu Securities, holds licenses for Class 1 (securities trading), Class 4 (providing advice on securities), Class 7 (providing automated trading services), and Class 9 (providing asset management) businesses. HaFu Securities has been approved by the Hong Kong Securities and Futures Commission in June 2024 to provide virtual asset trading services through a comprehensive account arrangement.

As the price of Ethereum breaks through $3000, the Ethereum Foundation announced the launch of a node-level zkEVM (Zero-Knowledge Ethereum Virtual Machine), with plans to achieve Layer 1 native integration of ZK proofs within a year. This move aims to unify real-time proof standards (latency <10 seconds, proof size <300KiB, 128-bit security), significantly enhancing the scalability, security, and censorship resistance of the Ethereum Mainnet, creating a "full-stack ZK blockchain." This marks a significant upgrade in Ethereum's ZK strategy, which may soon compel Layer 2 ZK Rollup projects to transform, but in the long term could promote the standardization of ZK technology and ecological synergy.

Odaily News Market News: Ghana requires virtual asset companies to complete sign up by August 15. (Jin10)

MyStonks has released a global compliance roadmap, has obtained the US FinCEN MSB license, and plans to complete the registration of security tokens and improve asset transparency by 2025. In the future, it will apply for multiple virtual asset licenses in the EU and Asia-Pacific regions to promote the development of international compliance.