connectivity

According to Jin Shi reports, Huang Lexin, the director of the Intermediary Institutions Department and head of the Financial Technology Group of the Hong Kong Securities and Futures Commission, stated that Hong Kong has included "connecting global liquidity" in its digital asset development roadmap, aiming to enable Hong Kong investors to connect with global markets and attract more institutional trading businesses to settle in Hong Kong. The Hong Kong Securities and Futures Commission will allow licensed cross-border trading platforms to share global order books with overseas affiliates as a primary step towards achieving global connectivity. Currently, two consultations are being conducted to enhance the ecosystem, with plans to issue licenses for virtual asset custodians and explore the inclusion of investment advisory services and specific asset classes within the regulatory framework.

According to Jinshi reports, the Hong Kong Securities and Futures Commission published two new circulars today, clarifying the expected standards for licensed virtual asset trading platform operators to connect to global liquidity and expand the range of products and services. One of the circulars allows platform operators to merge trading instructions from affiliated overseas virtual asset trading platforms into a shared order book, marking the first step of the ASPIRe roadmap. The Hong Kong Securities and Futures Commission will explore the feasibility of allowing licensed brokers to transfer client trading instructions to regulated overseas liquidity pools under the same group.

ChainCatcher news, according to CoinDesk, leading crypto infrastructure provider Blockdaemon has acquired expand.network, a company that offers a single API connection service for DeFi (Decentralized Finance), aimed at helping large financial institutions seamlessly access on-chain transactions. Although the specific acquisition price was not disclosed, Blockdaemon stated that the deal is worth tens of millions of dollars. Expand provides API access services for DeFi, supporting connections to over 170 endpoints, including decentralized exchanges (DEX), cross-chain bridges, lending protocols, and oracle services.Blockdaemon founder and CEO Konstantin Richter stated in an interview: "DeFi will significantly reduce the cost for banks and institutions to operate financial infrastructure, which is also an area where institutions can benefit in the long term. While this field is still in its early stages, there is much work to be done in terms of regulatory clarity, adoption rates, and decentralization, but now is the right time to accelerate our product suite in this specific vertical."

ChainCatcher news, the Trump family's crypto project WLFI announced on the X platform that it will adopt Chainlink's on-chain data and cross-chain connectivity standards as a secure way to bring DeFi into the next phase of mass adoption.

ChainCatcher message, Nubit has published a letter to the community, officially announcing the Minichain construction plan aimed at consumer-level applications. It expands on the Nubit Data Availability (DA) solution and introduces tools such as DeKit, Minichain-as-a-Service, and Universal Bridge, helping developers focus on building products without worrying about technical complexity.It is reported that Nubit is committed to helping Web2 developers easily transition to Web3 and bridging Web3 projects with billions of Web2 users on platforms like Telegram and Twitter, to build the next generation of consumer networks and achieve seamless connectivity between Web2 and Web3.

ChainCatcher news, according to official sources, the Cardano Foundation has announced the integration of the Inter-Blockchain Communication protocol (IBC) to enable reliable transactions and data exchange across different blockchain networks, enhancing connectivity and joining the cross-chain ecosystem.By introducing IBC functionality to Cardano, projects seeking to establish a bridge between the Cardano network and Cosmos SDK-based sidechains may utilize this solution.In addition to joining the cross-chain ecosystem, the implementation of IBC for Cardano also adds another option for connecting Ethereum Virtual Machine (EVM)-based sidechains to Cardano. This will allow developers to seamlessly deploy EVM-based decentralized applications (DApps) on Cardano sidechains.

ChainCatcher news, the 15th Legislative Council pre-meeting exchange session in Hong Kong was held this morning, attended by Financial Secretary Paul Chan and a group of officials. The Secretary for Financial Services and the Treasury, Christopher Hui, stated that future financial focus will be on areas such as connectivity with the mainland, green finance, and virtual assets.

ChainCatcher message, according to the official Twitter update from Coinbase Support, some services of Coinbase have begun to recover. Nevertheless, they acknowledge that customers may still face connectivity issues and thank users for their patience during this process. Coinbase stated that they will continue to closely monitor the situation and are committed to resolving these issues.

ChainCatcher news, according to the Economic News Agency, the Hong Kong General Chamber of Commerce has submitted a proposal regarding the upcoming "Financial Budget" to be announced by the Financial Secretary. The Executive Vice Chairman of the Hong Kong General Chamber of Commerce, Chen Ruijuan, suggested that the authorities consider allowing the issuance of a renminbi stablecoin or a stablecoin pegged to a basket of currencies (including renminbi, Hong Kong dollar, or US dollar stablecoins), while also establishing a virtual asset connectivity program with an initial daily trading limit set at approximately HKD 20 billion.

ChainCatcher news, at the ongoing ETHDenver event, Web3 hardware company JDI announced a partnership with the decentralized vehicle connectivity project DIMO to launch a new hardware brand, HashDog, providing cost-effective DIMO devices.It is reported that the decentralized vehicle connectivity project DIMO aims to help car owners realize the assetization and autonomy of vehicle data through Web3 hardware, allowing users to better control driving data and potentially earn rewards from driving data. Currently, over 5,000 vehicles are connected to the DIMO network, covering more than 40 common car brands, and car owners can access data on battery, smart insurance, vehicle health, car sharing, and more through the DIMO app.JDI stated that it hopes to help accelerate the expansion of the DIMO network through this collaboration. By purchasing HashDog devices and connecting them to the vehicle's data port (known as the OBD2 port), users can collect and share verified data from IoT devices (their cars) to prove that certain events occurred in the real world. The DIMO devices provided by HashDog offer greater stability and accurate positioning, supporting customers to more easily join the "Drive to Earn" trend. ( Source link )