WuSaidBlockchainW

According to reports from Hong Kong News Network, the Hong Kong "Stablecoin Ordinance" will take effect on August 1, at which time the Hong Kong Monetary Authority will start accepting license applications. Currently, the Hong Kong Monetary Authority has already initiated market consultations to establish specific guidelines for the implementation of the "Stablecoin Ordinance," aiming to establish the guidelines as soon as possible. In addition, the Hong Kong Monetary Authority also announced that it is leading the review of the implementation of the "Global Encryption Asset Activity Regulator

According to Wu, VMS Group, a Hong Kong family office, plans to invest up to 10 million USD in the decentralized finance hedge fund Re7 Capital, marking its first foray into the encryption asset space. VMS Group is a multi-family office managing nearly 4 billion USD in assets. VMS is also evaluating the integration of an encryption payment system into its real estate projects in Vietnam.

Wu reported that Bill Pulte, the Director of the Federal Housing Finance Agency (FHFA) in the United States, tweeted that we will study the applicability of Crypto Assets holdings in mortgage qualification applications. The FHFA was established in 2008, and its main responsibilities are to regulate and supervise several key institutions in the U.S. housing finance system, including: Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks.

According to Wu, the official announcement from the U.S. Securities and Exchange Commission (SEC) states that Kevin Muhlendorf will serve as the new Inspector General of the agency starting July 28. Muhlendorf was a lawyer for the SEC and the Department of Justice, and for the past nine years has been a partner at the Washington, D.C. law firm Wiley Rein LLP, focusing on securities enforcement matters. SEC Chairman Paul S. Atkins stated that Muhlendorf's combination of experience in internal investigations, compliance programs, and enforcement makes him an ideal candidate who will ensure the a

According to a report by blockchain analytics firm Elliptic, despite Telegram banning Huione Guarantee, which was involved in an amount of $27 billion, in May and shutting down thousands of related channels, dark web merchants quickly shifted to its competitor Tudou Guarantee—of which Huione holds a 30% stake. Data shows that Huione's USDT inflow has nearly dropped to zero, while the number of Tudou users has doubled and fund inflows have returned to original levels. (CryptoSlate)

According to Wu, Ark Invest Daily data shows that Cathie Wood's ARK Invest reduced its holdings of Circle stock by a total of 415,844 shares on June 23, including a reduction of 306,921 shares through the ARKK fund, 72,302 shares through the ARKW fund, and 36,621 shares through the ARKF fund, at a closing price of $263.45, totaling approximately $110 million.

Trump Media & Technology Group (stock symbol DJT) announced plans to buy back $400 million worth of shares. The company stated that this buyback will not affect its previously announced Bitcoin allocation plan, which is supported by $2.3 billion in private sale financing and has been approved for implementation by the U.S. Securities and Exchange Commission. Trump Media operates the Truth Social social platform and the Truth.Fi fintech business, and its Bitcoin allocation funds come from fundraising by approximately 50 institutional investors. The company's latest statement claims that it curr

Texas has become the first state to establish a public Bitcoin reserve and allocate $10 million to purchase coins. This reserve will be managed independently from the state treasury, differing from Arizona and New Hampshire, which only authorize unallocated practices. The accompanying bill HB4488 stipulates that this reserve cannot be included in general revenue. (CoinDesk)

Wu said that U.S. President Donald Trump announced that Israel and Iran have reached a protocol, which will begin a full ceasefire in about 6 hours. After completing their current military operations, both sides will enter a 12-hour ceasefire phase, which will officially end this 12-day war at the 24th hour. According to the protocol, both sides will maintain peace and restraint during the ceasefire.

Wu said that the U.S. Texas Senate bill SB1498 will automatically take effect on June 20, 2025, and will be implemented on September 1. The bill authorizes state governments to seize digital assets, including digital currencies, NFTs, and stablecoins, related to specific criminal offenses, and bring them under the scope of civil asset forfeiture. The bill also expands the definition of "proceeds" to include the appreciation of assets from the time they are acquired to the time they are confiscated, and requires that the confiscated assets be transferred to an offline secure wallet managed by l

According to Wu, the Federal Reserve Board announced that it will no longer include "reputational risk" considerations in its regulatory examination procedures for banks, and has begun to remove related language from regulatory materials, replacing it with more specific financial risk content as appropriate. The Federal Reserve emphasized that this move does not affect its requirements for banks to maintain robust risk management and compliance operations, nor does it interfere with whether banks continue to use the concept of "reputational risk" in their own management.

Wu learned that The Blockchain Group announced the completion of a total issuance of approximately 7.2 million euros in stocks and Convertible Bonds, of which approximately 6.9 million euros was used for the acquisition of 75 Bitcoins. After the related operations are completed, the company's total Bitcoin holdings will increase to approximately 1,728 coins.

According to The Wall Street Journal, financial technology company Fiserv plans to launch the stablecoin FIUSD and its accompanying platform by the end of the year, and will collaborate with Solana, Circle, and Paxos, while also seeking partnerships with PayPal and credit card networks. The platform will be open to approximately 3,000 regional and community banks and can interface with other Financial Institutions and merchant systems serviced by Fiserv, supporting the issuance of proprietary stablecoins.

Frachtis, a new crypto-focused venture fund, announced the closing of a $20 million funding round focused on pre-seed and seed-stage blockchain and AI projects, with a focus on decentralized infrastructure, middleware, and user-facing applications. The fund has invested in 8 projects including Hyve, Turtle.Club, and Bless Network, and LPs include Chorus One, cyber•Fund, RockawayX, and Theta Blockchain Ventures. （TheBlock）