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&nbsp;Hong Kong Securities and Futures Commission officially announced today that "R-Coin Wallet/R-Wallet/Ju Man Jin" has been included in the suspicious virtual asset trading platform warning list. The Hong Kong SFC stated that the entity claiming to operate a virtual asset trading platform is suspected of engaging in virtual asset-related fraudulent activities. In addition, the entity falsely claims to be a virtual asset trading platform licensed by the Hong Kong SFC and has misappropriated the central entity number of a licensed virtual asset trading platform, but the entity has no connection with the relevant licensed virtual asset trading platform.

[The Hong Kong Securities and Futures Commission (SFC) has added "R-Coin Wallet/R-Wallet/Jumanjin" to its list of suspicious virtual asset trading platforms.]&nbsp;Hong Kong Securities and Futures Commission officially announced today that "R-Coin Wallet/R-Wallet/Ju Man Jin" has been included in the suspicious virtual asset trading platform warning list. The Hong Kong SFC stated that the entity claiming to operate a virtual asset trading platform is suspected of engaging in virtual asset-related fraudulent activities. In addition, the entity falsely claims to be a virtual asset trading platform licensed by the Hong Kong SFC and has misappropriated the central entity number of a licensed virtual asset trading platform, but the entity has no connection with the relevant licensed virtual asset trading platform.

The Hong Kong Securities and Futures Commission (SFC) has added "R-Coin Wallet/R-Wallet/Jumanjin" to its list of suspicious virtual asset trading platforms.

&nbsp;Bloomberg Dollar Spot Index has reached its weakest level since March 2022.

[The Bloomberg Dollar Spot Index hit its lowest level since March 2022.]&nbsp;Bloomberg Dollar Spot Index has reached its weakest level since March 2022.

The Bloomberg Dollar Spot Index hit its lowest level since March 2022.

&nbsp;currently, the exchange rate between Bitcoin and silver is about 780. This level is already below the peak when Bitcoin reached $20,000 in 2017, and close to the level in November 2022, when the ratio dropped to about 700, and Bitcoin also bottomed near $15,500. This renewed convergence of the ratio suggests that silver relative to Bitcoin may be entering a more vulnerable phase. Historically, silver's cyclical tops tend to concentrate in the early part of the year, mostly occurring in the first half. This historical pattern poses a potential risk signal for the current silver price trend. If history repeats itself, silver may have already reached the high point of this cycle, and it is even possible that it has peaked.

[The Bitcoin-silver exchange rate is approaching levels seen in November 2022, and silver may have already reached the peak of this cycle.]&nbsp;currently, the exchange rate between Bitcoin and silver is about 780. This level is already below the peak when Bitcoin reached $20,000 in 2017, and close to the level in November 2022, when the ratio dropped to about 700, and Bitcoin also bottomed near $15,500. This renewed convergence of the ratio suggests that silver relative to Bitcoin may be entering a more vulnerable phase. Historically, silver's cyclical tops tend to concentrate in the early part of the year, mostly occurring in the first half. This historical pattern poses a potential risk signal for the current silver price trend. If history repeats itself, silver may have already reached the high point of this cycle, and it is even possible that it has peaked.

The Bitcoin-silver exchange rate is approaching levels seen in November 2022, and silver may have already reached the peak of this cycle.

Arizona State Senate Finance Committee passed the SB 1044 bill along with the SCR 1003 joint resolution by a vote of 4 to 3. The series of proposals was introduced by Wendy Rogers and aims to exempt virtual currency from property tax. If the proposals are approved, SCR 1003 will allow voters to decide in the November election whether to amend the state constitution to formally establish this tax exemption policy. The SB 1044 bill proposes to amend state law to define virtual currency as a digital representation that serves as a medium of exchange, a unit of account, and a store of value, and is not U.S. dollars or foreign currency. Although Governor Katie Hobbs vetoed multiple crypto asset-related bills in 2025, including SB 1025 to establish a Bitcoin strategic reserve and SB 1024 to allow tax payments using crypto assets, the current tax exemption proposal has been forwarded to the Senate Rules Committee for further review.

[Arizona legislature advances proposal to exempt crypto assets from property tax]Arizona State Senate Finance Committee passed the SB 1044 bill along with the SCR 1003 joint resolution by a vote of 4 to 3. The series of proposals was introduced by Wendy Rogers and aims to exempt virtual currency from property tax. If the proposals are approved, SCR 1003 will allow voters to decide in the November election whether to amend the state constitution to formally establish this tax exemption policy. The SB 1044 bill proposes to amend state law to define virtual currency as a digital representation that serves as a medium of exchange, a unit of account, and a store of value, and is not U.S. dollars or foreign currency. Although Governor Katie Hobbs vetoed multiple crypto asset-related bills in 2025, including SB 1025 to establish a Bitcoin strategic reserve and SB 1024 to allow tax payments using crypto assets, the current tax exemption proposal has been forwarded to the Senate Rules Committee for further review.

Arizona legislature advances proposal to exempt crypto assets from property tax

Standard Chartered analysts stated in a report that stablecoins pose a real risk to global and U.S. bank deposits. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, pointed out in the report that the delay of the U.S. CLARITY Act serves as a reminder of the risks stablecoins pose to banks. Geoff Kendrick estimates that U.S. bank deposits will decrease as the market value of stablecoins grows, with the reduction roughly proportional to the market value of stablecoins. Regional banks in the U.S. are the most affected, while investment banks are the least affected. The report shows that only 0.02% and 14.5% of Tether and Circle’s reserves, respectively, are bank deposits, indicating a very low re-deposit ratio.

[Standard Chartered Bank: Stablecoins pose a real threat to bank deposits]Standard Chartered analysts stated in a report that stablecoins pose a real risk to global and U.S. bank deposits. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, pointed out in the report that the delay of the U.S. CLARITY Act serves as a reminder of the risks stablecoins pose to banks. Geoff Kendrick estimates that U.S. bank deposits will decrease as the market value of stablecoins grows, with the reduction roughly proportional to the market value of stablecoins. Regional banks in the U.S. are the most affected, while investment banks are the least affected. The report shows that only 0.02% and 14.5% of Tether and Circle’s reserves, respectively, are bank deposits, indicating a very low re-deposit ratio.

Standard Chartered Bank: Stablecoins pose a real threat to bank deposits

Ethereum Foundation ecosystem support project team has announced the list of funded projects and individuals for the fourth quarter of 2025. The amount of funding granted in the previous quarter reached $7,385,528.84. The projects and individuals receiving funding mainly involve the following areas: protocol growth and support, overall growth and support, developer experience and tools, execution layer, cryptography and zero-knowledge proofs, consensus layer, community and education, and others.

[The Ethereum Foundation has released a detailed list of its Q4 2025 grants, awarding nearly $7.4 million in funding.]Ethereum Foundation ecosystem support project team has announced the list of funded projects and individuals for the fourth quarter of 2025. The amount of funding granted in the previous quarter reached $7,385,528.84. The projects and individuals receiving funding mainly involve the following areas: protocol growth and support, overall growth and support, developer experience and tools, execution layer, cryptography and zero-knowledge proofs, consensus layer, community and education, and others.

The Ethereum Foundation has released a detailed list of its Q4 2025 grants, awarding nearly $7.4 million in funding.

brev Surges 10.56% in 24H, Currently at 0.2271 USDT

【brev currently trades at 0.2271 USDT, up 10.56% in 24h, according to HTX market data.】brev Surges 10.56% in 24H, Currently at 0.2271 USDT

brev currently trades at 0.2271 USDT, up 10.56% in 24h, according to HTX market data.

&nbsp;Hong Kong Securities and Futures Commission and the United Arab Emirates (UAE) Securities and Commodities Authority signed a memorandum of understanding today to strengthen cross-border regulatory cooperation on digital asset-related matters. This landmark memorandum of understanding is the first agreement signed between the Hong Kong Securities and Futures Commission and overseas regulators on regulatory cooperation for regulated digital asset entities. The memorandum establishes a framework to enhance regulatory cooperation, including mutual consultation and information exchange on the regulation of cross-border regulated digital asset entities, fully reflecting the Commission's commitment to promoting international cooperation according to its ASPIRe roadmap.

[The Hong Kong Securities and Futures Commission (SFC) and the UAE Capital Markets Authority (UAE) signed a Memorandum of Understanding to strengthen cross-border digital asset cooperation.]&nbsp;Hong Kong Securities and Futures Commission and the United Arab Emirates (UAE) Securities and Commodities Authority signed a memorandum of understanding today to strengthen cross-border regulatory cooperation on digital asset-related matters. This landmark memorandum of understanding is the first agreement signed between the Hong Kong Securities and Futures Commission and overseas regulators on regulatory cooperation for regulated digital asset entities. The memorandum establishes a framework to enhance regulatory cooperation, including mutual consultation and information exchange on the regulation of cross-border regulated digital asset entities, fully reflecting the Commission's commitment to promoting international cooperation according to its ASPIRe roadmap.

The Hong Kong Securities and Futures Commission (SFC) and the UAE Capital Markets Authority (UAE) signed a Memorandum of Understanding to strengthen cross-border digital asset cooperation.

Wintermute stated today that the current BTC price range shows signs of fatigue, but the market structure is not bearish; rather, it is stuck in a stalemate. The $85,000 support level has been tested multiple times and is either a solid bottom or a trap waiting to explode. Despite net outflows of US funds and continued compression of volatility, this support level still holds, indicating buying pressure below (albeit mild). Gold is playing the role that Bitcoin should be playing. The stock market is waiting for earnings reports to verify valuation rationality. Bitcoin is stuck in a "no man's land" — neither weak enough to break support nor strong enough to regain upward momentum. The macro environment is primed for a trending market, but the crypto market has yet to follow suit.

[Wintermute: $85,000 becomes a key level for BTC; the market may choose a direction soon.]Wintermute stated today that the current BTC price range shows signs of fatigue, but the market structure is not bearish; rather, it is stuck in a stalemate. The $85,000 support level has been tested multiple times and is either a solid bottom or a trap waiting to explode. Despite net outflows of US funds and continued compression of volatility, this support level still holds, indicating buying pressure below (albeit mild). Gold is playing the role that Bitcoin should be playing. The stock market is waiting for earnings reports to verify valuation rationality. Bitcoin is stuck in a "no man's land" — neither weak enough to break support nor strong enough to regain upward momentum. The macro environment is primed for a trending market, but the crypto market has yet to follow suit.

Wintermute: $85,000 becomes a key level for BTC; the market may choose a direction soon.

TRON founder and Huobi Global advisor H.E. Justin Sun and Huobi Global co-founder Du Jun jointly participated in the Twitter Space discussion of "The Tide Rising: An Interpretation of Hong Kong's Cryptocurrency New Policy."
When talking about his views on the Hong Kong government's new cryptocurrency policy, H.E. Justin Sun said that Huobi Global and TRON will go all out to embrace and support Hong Kong's new cryptocurrency policy. In the future, they will focus on Hong Kong's follow-up policies and actively apply for relevant compliance licenses. He looks forward to cooperating with the Hong Kong government in the fields of stablecoins, NFT and exchange business, and becoming the first choice for Hong Kong customers and Web3 entrepreneurs.

Detail

【H.E. Justin Sun: Huobi Global and TRON fully support the new cryptocurrency policy in Hong Kong】TRON founder and Huobi Global advisor H.E. Justin Sun and Huobi Global co-founder Du Jun jointly participated in the Twitter Space discussion of "The Tide Rising: An Interpretation of Hong Kong's Cryptocurrency New Policy."
When talking about his views on the Hong Kong government's new cryptocurrency policy, H.E. Justin Sun said that Huobi Global and TRON will go all out to embrace and support Hong Kong's new cryptocurrency policy. In the future, they will focus on Hong Kong's follow-up policies and actively apply for relevant compliance licenses. He looks forward to cooperating with the Hong Kong government in the fields of stablecoins, NFT and exchange business, and becoming the first choice for Hong Kong customers and Web3 entrepreneurs.

H.E. Justin Sun: Huobi Global and TRON fully support the new cryptocurrency policy in Hong Kong

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Article

Spot silver and New York silver futures both broke through the $111 mark.

H.E. Justin Sun: Huobi Global and TRON fully support the new cryptocurrency policy in Hong Kong

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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