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Hong Kong Monetary Authority Chief Executive: The first batch of stablecoins will focus on cross-border trade and Web3 applications

ChainCatcher news, according to Hexun, the Hong Kong Special Administrative Region government published a notice in the Gazette on June 6, announcing that the "Stablecoin Regulation" will officially take effect on August 1, marking the implementation of the world's first comprehensive regulatory framework for fiat-backed stablecoins.Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue recently wrote that considering stablecoins are a relatively emerging product, the risks involved in issuance activities, user protection, as well as market capacity and long-term development, the licensing will have a relatively high threshold, and initially only a "small number of licenses" will be issued.Eddie Yue emphasized that entering the stablecoin issuer sandbox program launched by the HKMA in 2024 is not a prerequisite for future applications for stablecoin issuer licenses; on the other hand, even if an institution has entered the "sandbox," it does not guarantee that it will necessarily obtain a license. The HKMA will prudently consider all license applications according to consistent and strict standards.Eddie Yue clearly stated that applicants need to propose specific and feasible business plans and practical application scenarios, focusing on their reserve management capabilities, compliance systems, and technical security. The first batch of stablecoins will focus on cross-border trade and Web3.0 applications.

Data: The cryptocurrency sector has risen for two consecutive days, with ETH up nearly 3% and BTC breaking through $106,000

ChainCatcher message indicates that, according to SoSoValue data, the situation in the Middle East is gradually stabilizing, with Israel and Palestine having reached a substantial ceasefire. The cryptocurrency market has risen for two consecutive days, but the gains have narrowed. Among them, Ethereum (ETH) has risen 2.79% in 24 hours, fluctuating around $2400. Bitcoin (BTC) has increased by 1.61%, breaking through $106,000. Meanwhile, MAG7.ssi has risen by 0.87%, MEME.ssi by 1.95%, and DEFI.ssi by 3.83%.In other sectors, the DeFi sector has risen 3.10% in 24 hours. Within this sector, Jupiter (JUP) and Uniswap (UNI) have increased by 5.86% and 8.39%, respectively; the RWA sector has risen by 2.67%, with Ondo Finance (ONDO) and Keeta (KTA) increasing by 4.53% and 4.71%, respectively; the Meme sector has risen by 2.64%, with SPX6900 (SPX) continuing its upward trend, rising again by 13.96% in 24 hours. The PayFi sector has risen by 2.51%, with Bitcoin Cash (BCH) increasing by 4.71%; the Layer2 sector has risen by 2.20%, with Stacks (STX) increasing by 8.81%; the Layer1 sector has risen by 2.05%, with Aptos (APT) increasing by 12.78%; the CeFi sector has risen by 1.31%, with Hyperliquid (HYPE) increasing by 4.98%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiNFT, and ssiLayer2 indices have risen by 4.40%, 2.69%, and 2.65% respectively in 24 hours.

Data: Last week, global listed companies net bought $198 million in BTC, with 6 companies making new purchases, and Strategy has increased its holdings for 12 consecutive weeks

ChainCatcher message, according to SoSoValue data, as of June 23, 2025, Eastern Time, the total net inflow of Bitcoin by global listed companies (excluding mining companies) in the past week was $198 million.Among them, Strategy (formerly MicroStrategy) has continuously increased its holdings for 11 weeks, investing $26 million last week to acquire 245 BTC at a price of $105,856, bringing its total holdings to 592,345 BTC.Japanese listed company Metaplanet invested $118 million last week, acquiring 1,111 BTC at a price of $106,408, bringing its total holdings to 11,111 BTC.Additionally, 4 listed companies joined the ranks of new BTC buyers last week, with a total purchase of $53.82 million. Among them, American medical company Prenetics established a Bitcoin reserve for the first time, spending $20 million to acquire 187.4 BTC at a price of $106,712; French Web3 service company Blockchain Group spent $19.6 million to acquire 182 BTC at a price of $107,484, bringing its total holdings to 1,653 BTC; British digital advertising company The Smarter Web spent $10.89 million to acquire 104.3 BTC at a price of $104,451, bringing its total holdings to 346.6 BTC; Japanese clothing company ANAP spent $3.33 million to acquire 31.2 BTC at a price of $106,790, bringing its total holdings to 184.7 BTC.These newcomers come from France, the UK, Japan, and the US, covering multiple industries, indicating that an increasing number of non-traditional crypto companies are accelerating the incorporation of Bitcoin into their balance sheets, with companies treating Bitcoin as a strategic reserve showing a trend of "industry diversification and regional diversity." According to SoSoValue statistics, the number of non-mining listed companies holding more than 100 BTC has risen to 21.As of the time of publication, the total amount of Bitcoin held by global listed companies (excluding mining companies) is 655,520 BTC, with a current market value of approximately $6.63 billion, accounting for 3.3% of Bitcoin's circulating market value.
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