4E: The U.S. Senate will hold closed-door meetings with several crypto executives; the scale of the Hong Kong Stock Exchange's virtual asset ETP has reached 8.1 billion HKD

ChainCatcher news reports that, according to 4E observations, several executives from cryptocurrency companies (including Coinbase, Chainlink, Galaxy, etc.) will hold a closed-door roundtable meeting with U.S. Senate Democrats this week to discuss market structure legislation and industry development direction. The meeting is hosted by Senator Kirsten Gillibrand, against the backdrop of the Democratic DeFi regulatory proposal triggering a backlash from the industry.

According to data from the Hong Kong Stock Exchange, as of the end of September, the asset management scale of virtual asset ETPs in Hong Kong has reached HKD 8.1 billion, making it the largest market in the Asia-Pacific region. The Hong Kong Stock Exchange plans to promote the digitization of the primary market redemption mechanism to enhance liquidity.

Additionally, according to Lianhe Zaobao, companies such as Ant Group and JD.com have suspended their plans to issue stablecoins in Hong Kong. Since August, Hong Kong has implemented the "Stablecoin Ordinance," and currently, 36 institutions have submitted license applications.

On-chain data shows that a whale holding $250 million in BTC and ETH long positions is currently facing an unrealized loss of approximately $2.95 million.

4E reminds investors: Regulatory and institutional actions are accelerating their impact on market structure, short-term volatility may intensify, and investors should remain cautious and pay attention to policy rhythms and changes in market liquidity.