ChainCatcher news, according to Decrypt, Strategy is facing at least five lawsuits accusing the company of securities fraud in its Bitcoin treasury management. However, two law professors told Decrypt that such a number of lawsuits is not uncommon. They pointed out that law firms often compete for lead roles in consolidated class actions, which can increase their earnings from the cases. In such cases, law firms often file separate lawsuits until a judge designates a lead plaintiff and consolidates the lawsuits.The lawsuits accuse Strategy of misleading investors about the expected profitability and risk assessment of its Bitcoin purchases by issuing "materially false and misleading" public statements. The lawsuits stem from Strategy's purchase of $7.7 billion worth of Bitcoin in the first quarter, resulting in an unrealized loss of $6 billion due to a price drop.

ChainCatcher news, according to Jin10 data reports, Caitong Securities stated on the interactive platform that its wholly-owned subsidiary Caitong Hong Kong has been approved to conduct virtual asset ETF agency trading.

ChainCatcher news, according to market data, possibly due to its subsidiary obtaining the Hong Kong virtual asset Type 3 license, which allows for the provision of virtual asset trading services, Tianfeng Securities (601162.SH) has seen a five-day increase of 30%, reaching a high of 5.16 yuan, currently quoted at 5.06 yuan.

ChainCatcher news, Tianfeng Securities stated on the interactive platform that its wholly-owned subsidiary Tianfeng International Securities and Futures Co., Ltd. has been approved by the Hong Kong Securities and Futures Commission to obtain the third type of license related to virtual assets, allowing it to provide virtual asset trading services through a comprehensive account arrangement.It is reported that the virtual asset-related licenses from the Hong Kong Securities and Futures Commission include the following categories: operating virtual asset trading platforms, managing investment portfolios with over 10% in virtual assets, providing virtual asset trading services through comprehensive account arrangements, offering advice on virtual assets, and acting as an introducing agent for virtual asset trading platforms. The approval of the third type of license will further promote Tianfeng Securities' development in the field of virtual assets.

ChainCatcher news, HashKey Chain announced a collaboration with GF Securities (Hong Kong) to officially launch the first daily redeemable tokenized security product "GF Token". This product has achieved end-to-end on-chain deployment and issuance through HashKey Chain, supporting multi-point sales and multi-custody methods, providing a standardized path for on-chain tokenized assets."GF Token" is issued by GF Securities (Hong Kong) based on its credit, targeting institutional and high-net-worth individual professional investors, offering three currency options: USD, HKD, and offshore RMB. Among them, the USD product's yield is anchored to SOFR, featuring daily interest calculation, high liquidity, and on-chain traceability, making it suitable for cash management and on-chain asset allocation needs.This issuance has received comprehensive technical and platform support from HashKey Group's HashKey Cloud, HashKey Tokenisation, and HashKey Exchange, marking another key advancement for Hong Kong in the direction of RWA asset tokenization.GF Securities (Hong Kong) CEO Zeng Chao stated that this collaboration is an important part of its digital finance strategy and will continue to promote the establishment of a compliant tokenized securities ecosystem in Hong Kong. HashKey Group Chairman Xiao Feng pointed out that "GF Token" embodies the deep integration of financial institutions and on-chain infrastructure, providing a replicable paradigm for the development of global on-chain finance.

ChainCatcher news, according to an informed source, a Chinese brokerage has begun offering tokenized securities that accrue interest in currencies such as USD, HKD, and offshore RMB. The source stated that the Hong Kong subsidiary of GF Securities Co., Ltd. has launched a tokenized security called "GF Token," which accrues interest daily and is redeemable daily. The USD token is based on the Secured Overnight Financing Rate (SOFR), while the interest rates for the HKD and RMB products are not yet clear.The source mentioned that this token is only available to institutional and professional investors, allowing short-term idle funds to earn interest and facilitating conversions between other tokenized assets. The token is issued on-chain and will be traded on the licensed cryptocurrency exchange Hashkey in Hong Kong.Currently, GF Securities (Hong Kong) has not responded immediately to this. (Bloomberg)

ChainCatcher news, according to Decrypt, the Australian Securities and Investments Commission (ASIC) has appointed a panel of three experts to investigate the Australian Securities Exchange (ASX).The investigation was prompted by ASX's abandonment of its seven-year, $163.1 million blockchain project, which aimed to replace its CHESS clearing system. The panel, led by veteran banker Rob Whitfield, is required to submit a report to ASIC by March 31 of next year.

ChainCatcher news, according to Jin10 data reports, Hong Kong stock Victory Securities (08540.HK) has surged over 100% in the short term, currently reported at HKD 7.50. Media reports indicate that several local Hong Kong brokerages, including Victory Securities, have completed the upgrade of License No. 1.

ChainCatcher news, according to Jinshi reports, CITIC Securities pointed out that global stablecoin policies and the industry are continuously making efforts, and the industrial ecosystem continues to thrive. The development of cryptocurrencies and stablecoins in Hong Kong will significantly promote the internationalization of the RMB and cross-border payments, and it is recommended to pay attention to cross-border payment-related targets.

ChainCatcher news, SOL Strategies announced that it has submitted Form 40-F to the U.S. Securities and Exchange Commission, which is an important step towards being listed on Nasdaq under the ticker symbol STKE.Once the Form 40-F becomes effective and the Nasdaq listing application is approved, SOL Strategies expects its common stock to begin trading on Nasdaq under the ticker STKE, while continuing to trade on the Canadian Securities Exchange under the ticker HODL.

ChainCatcher news, brokerage firm Canaccord stated in a research report on Wednesday that due to regulatory uncertainties, the broader outlook for stablecoins (cryptocurrencies pegged to other assets) has so far been difficult to achieve. However, the passage of the GENIUS Act by the U.S. Senate has changed everything.The full name of the act is the "Guidance and Establishment of a National Stablecoin Innovation Act," aimed at bringing stablecoin innovation back to the United States. Reports indicate that winning support in the Senate is much harder than in the House of Representatives. Given that the bill has bipartisan support, U.S. stablecoin legislation is now within reach.Analysts suggest that the prospects for stablecoins beyond crypto trading pairs may soon emerge, as compliant stablecoins are effectively viewed by the U.S. government as equivalent to cash. Given the need for full backing, compliant stablecoins could become a significant source of demand for short-term U.S. Treasury securities. As the use of stablecoins that meet GENIUS standards expands cross-border, they may become a driving force for the dollarization of the global economy.

ChainCatcher news, according to The Block, the Solana Policy Research Institute, in collaboration with Phantom Wallet, Orca Exchange, and Superstate Protocol, submitted a compliant tokenized securities framework to the U.S. SEC's crypto working group.The proposal suggests allowing traditional assets such as stocks and bonds to be traded on-chain while seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on the "Project Open" initiative previously proposed by SPI, aiming to achieve 24/7 operation and instant settlement of capital markets through blockchain technology.SPI emphasizes that decentralized protocols are different from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a time when the SEC's stance on crypto regulation is gradually becoming more open.

ChainCatcher news, according to a report by Jin10 Data, CITIC Securities research indicates that the stablecoin industry is burgeoning and serves as a bridge between digital assets and the real world. With the implementation of regulatory policies globally, the industry is expected to achieve compliant development. In the future, the application layer is likely to continuously extend in both breadth and depth, providing support for stablecoin demand. It is recommended to pay attention to:Clearly proposed applications with a high certainty of approval for stablecoin issuers.In the long term, application scenarios will determine future space, focusing on relevant targets and industry participants that may form a closed loop of issuance and application ecology.

ChainCatcher news, according to Jinshi reports, Pacific Securities research believes that the future development potential of digital currencies is enormous, and companies in related fields of technology and services present investment opportunities. Among upstream enterprises, companies involved in digital encryption and cybersecurity will directly benefit, and it is recommended to pay attention to companies with technological advantages. Midstream bank IT service providers will also see growth due to bank system upgrades and the promotion of digital currencies. On the downstream side, the transformation of software and hardware wallets and terminal devices will bring new business opportunities, especially in the upgrade areas of devices such as POS machines and ATMs, which are worth focusing on.

ChainCatcher news, during the Caixin Summer Summit, the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that the Hong Kong SFC had proposed a regulatory framework for virtual assets from the perspective of investor protection as early as 2018. Bitcoin has become an alternative asset and a tool for competing for financial supremacy against the backdrop of multiple cycles, geopolitical factors, and digital development. Hong Kong adopts the regulatory principle of "same business, same risks, same rules," and in addition to the licensed exchanges, the next step will be to include over-the-counter trading and custodial institutions in the regulation.The Hong Kong SFC is actively building a virtual asset ecosystem. This robust ecosystem must be compliant, risk-controlled, and sustainable to enable investors to seize new opportunities. The Hong Kong SFC supports the listing of ETFs for virtual asset spot trading and is expanding the relevant scope, such as recently allowing virtual asset staking services.

ChainCatcher news, according to Jinshi reports, Huachuang Securities released a research report stating that the U.S. CPI in May once again slightly fell short of expectations. The CPI year-on-year rose from 2.3% to 2.4%, below Bloomberg's expectation of 2.5%; the core CPI year-on-year remained at 2.8%, below Bloomberg's expectation of 2.9%. The CPI month-on-month was 0.1%, below the expected and previous value of 0.2%; the core CPI month-on-month was 0.1%, below the expected 0.3% and the previous value of 0.2%.Unless Trump continues to suspend or cancel reciprocal tariffs due to negotiations this year, the upward risk of inflation remains a concern. The next two to three months are an important observation window for the Federal Reserve regarding inflation, and before that, it is highly likely to remain on hold (the CPI situation from June to August can be seen before the September FOMC meeting).

ChainCatcher news, the Hong Kong Securities and Futures Commission today launched a consultation aimed at restricting unregulated entities from improperly adopting names that lead the public to mistakenly believe they are regulated entities. In this regard, to align with recent developments, the SFC proposes to expand the existing restricted title list under the Securities and Futures Ordinance.In addition, the proposal will extend the scope of restrictions to commonly used terms that have a similar meaning to "exchange," as well as words that generally refer to certain financial products and platforms regulated under the Securities and Futures Ordinance. The proposal will also cover titles that may imply a connection with existing exchanges, virtual asset trading platforms, and other similar entities.

ChainCatcher news, the US-listed company "SOL version of MicroStrategy" DeFi Development Corp (formerly Janover) has withdrawn its $1 billion shelf registration application due to the failure to include management's report on internal controls in the 10-K form. Part of the funds was originally planned for purchasing Solana, and DDC plans to resubmit the offering in the future.Shelf registration, also known as suspended registration, allows companies to register new securities offerings without having to sell them all at once. Documents show that DeFi Development Corp may issue various financial instruments, including common stock, preferred stock, warrants, and debt securities.DeFi Development Corp disclosed that as of the end of May, it held 621,313 SOL, a 96% increase from 317,273 SOL in April, with the SOL holdings valued at $97.2 million.