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Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset
Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction.
Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%.
These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposu
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SEC’s crypto task force to hit the road with 10 roundtables across the US
US SEC Commissioner Hester Peirce will hit the road this fall, leading a 10-city tour as part of the Securities and Exchange Commission’s new crypto outreach initiative. The regulator announced a roundtable series on Friday aimed at gathering feedback from industry stakeholders, developers and investors as the agency weighs future digital asset rules.
“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possibl
IN3.67%
TRUMP4.55%
UNI6.26%
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SEC’s crypto task force to hit the road with 10 roundtables across the US
US SEC Commissioner Hester Peirce will hit the road this fall, leading a 10-city tour as part of the Securities and Exchange Commission’s new crypto outreach initiative. The regulator announced a roundtable series on Friday aimed at gathering feedback from industry stakeholders, developers and investors as the agency weighs future digital asset rules.
“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possibl
IN3.67%
TRUMP4.55%
UNI6.26%
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valuation
OpenAI has raised $8.3 billion at a $300 billion valuation, accelerating its plan to secure $40 billion in funding by year’s end. The latest round, led by Dragoneer Investment Group, comes after the company raised $2.5 billion in March.
According to The New York Times on Friday, Dragoneer committed $2.8 billion to the raise, representing roughly 10% of its total funds. The funding round brings OpenAI closer to its 2025 target, which includes a $30 billion commitment from SoftBank.
The funding round was five times oversubscribed, meaning investors wanted to invest roughly $40 billion,
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ELON4.37%
H0.32%
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Nanitavip:
The bullish market is at its peak 🐂
#Gate & WLFI USD1 Points Program# #Trump Allows 401(k) Crypto Investing# #Altcoins Rally#
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– Understanding the Numbers Matters
Here’s a quick breakdown of large numbers for context:
1,000,000,000,000.00 = One Trillion
1,000,000,000,000,000,000.00 = One Quadrillion
1,000,000,000,000,000,000,000,000.00 = One Quintillion
According to the JAGER official website, a total of 14,600,000,000,000,000.00 tokens have been issued — that’s Fourteen thousand six hundred trillion. Out of this massive supply, only 9.5% is made available to the market.
It's also worth noting that there are reports suggesting trillions of tokens have already been burned, which significantly impacts the circulating su
SIX2.08%
MORE4.23%
VIA-0.37%
LL1.86%
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– Understanding the Numbers Matters
Here’s a quick breakdown of large numbers for context:
1,000,000,000,000.00 = One Trillion
1,000,000,000,000,000,000.00 = One Quadrillion
1,000,000,000,000,000,000,000,000.00 = One Quintillion
According to the JAGER official website, a total of 14,600,000,000,000,000.00 tokens have been issued — that’s Fourteen thousand six hundred trillion. Out of this massive supply, only 9.5% is made available to the market.
It's also worth noting that there are reports suggesting trillions of tokens have already been burned, which significantly impacts the circulating su
SIX2.08%
MORE4.23%
VIA-0.37%
LL1.86%
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valuation
OpenAI has raised $8.3 billion at a $300 billion valuation, accelerating its plan to secure $40 billion in funding by year’s end. The latest round, led by Dragoneer Investment Group, comes after the company raised $2.5 billion in March.
According to The New York Times on Friday, Dragoneer committed $2.8 billion to the raise, representing roughly 10% of its total funds. The funding round brings OpenAI closer to its 2025 target, which includes a $30 billion commitment from SoftBank.
The funding round was five times oversubscribed, meaning investors wanted to invest roughly $40 billion,
TIMES0.32%
ELON4.37%
H0.32%
MORE4.23%
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Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset
Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction.
Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%.
These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposu
MORE4.23%
SIX2.08%
NIKO3.64%
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SEC’s crypto task force to hit the road with 10 roundtables across the US
US SEC Commissioner Hester Peirce will hit the road this fall, leading a 10-city tour as part of the Securities and Exchange Commission’s new crypto outreach initiative. The regulator announced a roundtable series on Friday aimed at gathering feedback from industry stakeholders, developers and investors as the agency weighs future digital asset rules.
“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possibl
TRUMP4.55%
UNI6.26%
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#Join Honor Credits Draw & Win MacBook Air and Merch# #ICE# Today I saw someone who was dissatisfied with the Solana network on the butterfly, and he mentioned that the Ice Open Network project team is a scam, honestly, I can't find the words. ION is a Decentralization platform, and other environments use the ION launchpad to destroy ice, and the ION ice chain has been destroyed, gaining traffic for other environments, and this was supposed to be a win-win situation. If there is a successful product, other projects will use the ION launchpad in the future, and there will be many members using i
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GateUser-2df3d2d7vip:
Most people who come to this market to trade want to make easy money, including myself, but is money really made easily here? Money earned by chance can also be lost by chance.
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#ICE# today I saw someone unhappy with the Sol network on the butterfly, and he stated that the Ice Open Network project team is a scammer, honestly I can't find the words. ION is a decentralized platform, other environments use the ION launch pad, to destroy ice, the ION chain has destroyed ice, other environments have gained traffic, this was supposed to be a double-win case, if there is a successful product, other projects will use the ION launch pad in the future, there will be a lot of members who use ice to open membership at different levels, we retainers are really already beneficiarie
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