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BTC $66,409.70 +0.02%
ETH $1,995.44 +0.20%
BNB $610.73 -0.29%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $481.15 +1.41%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.8582 -2.47%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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Hong Kong Financial Services and the Treasury Bureau: Currently exploring arrangements and feasibility for upgrading the digital currency wallet to increase usage limits and expand application scenarios

The Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, introduced the development of stablecoins and digital renminbi in Hong Kong, stating:The People's Bank of China and the Hong Kong Monetary Authority are working closely together to optimize the arrangements for digital renminbi. Currently, the number of mainland operating institutions responsible for operating digital wallets has increased from four to five, while the number of local Hong Kong banks participating in the "Faster Payment System" for digital wallets has increased from 17 to 18. The number and usage of digital wallets opened with Hong Kong mobile numbers have shown stable growth.According to the People's Bank of China, as of the end of January 2026, approximately 80,000 digital wallets have been registered. The Hong Kong Monetary Authority and local banks have been actively promoting the application of digital renminbi in Hong Kong. Currently, the number of local merchant retail points accepting digital renminbi has increased from about 300 to approximately 5,200, covering chain retail stores, hotels, travel agencies, restaurants, convenience stores, and supermarkets.The People's Bank of China and the Hong Kong Monetary Authority are exploring the arrangements and feasibility for upgrading digital wallets to increase their usage limits, expand application scenarios, and enhance user experience. As the policies and technical details involved still require in-depth discussion, specific plans and timelines are yet to be finalized.Stablecoins and central bank digital currencies (such as digital renminbi), as well as other new payment tools, including tokenized deposits and cross-border connections for rapid payment systems, have the potential to be applied in transaction settlements, local or cross-border payments, and other scenarios, provided they comply with relevant legal and regulatory requirements.These payment tools each have their own characteristics and varying degrees of maturity, and their future development prospects are largely determined by market forces. The government and financial regulatory agencies will continue to explore the potential and application scenarios of various new payment tools, better leveraging their synergies to address more pain points in the real economy.

Gate collaborates with Komainu to enhance off-exchange settlement capabilities and expand the institutional-grade infrastructure landscape

The cryptocurrency trading platform Gate announced a partnership with institutional-grade digital asset custodian Komainu to integrate their services. By connecting to Komainu Connect, Gate further expands its Over-the-Counter Settlement (OES) infrastructure.This collaboration allows institutional clients to directly access Gate's trading and liquidity system, under the premise that assets are held in isolation by a regulated, independent custodian, achieving an institutional trading model of "separation of custody and trade execution." This move aligns with the current trend of evolution in the cryptocurrency market structure, helping to reduce counterparty risk while enhancing the efficiency and security of trading operations.From an infrastructure perspective, this integration further strengthens Gate's service capabilities in the institutional market and expands its SuperLink ecosystem, integrating custody, liquidity, and financial services. In terms of liquidity and trading depth, Gate has long been at the forefront of the industry, and with the addition of several mainstream custodian networks, it is gradually building a trading system that meets diverse institutional needs. As institutional funds continue to flow in and the demand for asset security and efficient execution in the cryptocurrency market increases, infrastructure models like OES will become a key pathway to drive the industry toward greater transparency and scalable development.

The volatility of the macro environment has intensified market risk aversion, and Gate has launched the TradFi API and expanded institutional fiat channels

In the past week, global markets have been dominated by energy price shocks and geopolitical risks. The escalation of the situation in the Middle East has pushed international oil prices upward, with WTI crude oil seeing a weekly increase of over 25%.Affected by macro risk sentiment, BTC, ETH, and U.S. stocks have all retreated. On-chain data shows that DEX trading volumes remain high overall, with the total market cap of stablecoins rising to approximately $330 billion, and USDC becoming the main source of growth. In the derivatives market, the perpetual funding rate for BTC continues to be negative, and implied volatility for options has risen above 60%, indicating that the market remains cautious about tail risks.On the institutional side, as the linkage between traditional finance and the crypto market strengthens, institutional infrastructure continues to improve. Gate has recently launched a TradFi API, providing a more efficient execution environment for quantitative teams, institutional traders, and professional investors. Additionally, Gate has reached a strategic partnership with Bank Frick to integrate its xPULSE payment infrastructure, offering multi-currency fiat deposit and withdrawal channels for institutional clients. With the ongoing enhancement of trading and funding channel infrastructure, Gate is accelerating the construction of a comprehensive service system aimed at institutional clients.
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