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Planet Noon News | July 30
07-30 05:29

1. Wu Jiezhuang: The HKMA will implement KYC rules for stablecoins, but the specific plans will be submitted by stablecoin issuers;

2. OpenSea team members: Token airdrops will be evaluated based on user profiles;

3. Yuanbi Technology completed a US$40 million Series A2 financing round, led by ZhongAn International and others;

4. Twenty One Capital, a Bitcoin treasury company headed by the son of the U.S. Secretary of Commerce, increased its Bitcoin holdings to 43,514;

5. Decentralized AI infrastructure company Manifold completed a $10.5 million Series A funding round led by OSS Capital;

6. The report predicts that the long-term potential price of a single ETH could reach as high as $706,000;

7. Linea Project Leader: Snapshot of some tokens airdropped during TGE has been completed;

8. Hunan You County police dismantled a USDT scam operation where suspects tricked foreign men into buying USDT and illegally transferred assets using a Trojan.

9. British fintech company Revolut is considering acquiring a US bank to speed up its US license acquisition;

10. Bitcoin spot ETF had a total net inflow of US$79.9781 million yesterday, marking the fourth consecutive day of net inflow.

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Planet Noon News | August 3
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The Satoshi Nakamoto statue in Lugano, Switzerland, which Tether co-created, has been stolen.
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Hong Kong Legislative Council Member: There is no opportunity for speculation in stablecoins, and regulations will be formulated with reference to peers in the United States, Japan, Singapore, and the European Union.
Odaily Planet Daily reported that Hong Kong Legislative Council member Qiu Dagen said in an exclusive interview that the core feature of fiat stablecoins is that they must be 100% reserved in highly liquid monetary assets. The current main function of fiat stablecoins is international payments, and there is no opportunity for speculation. During the formulation of the Stablecoin Regulations, reference was made to the MiCA (Markets in Crypto-Assets) regulations of the United States, Japan, and the European Union, as well as Singapore's Payment Services Act (PSA). The legislation took into account international liquidity and demand, adhering to both international and national standards. Furthermore, Chiu stated that Hong Kong's stablecoins should not compete with existing products but rather explore new markets. (Daily Economic News)
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A whale bought $300 million worth of ETH from Galaxy in three days, now losing $26 million
Planet Noon News | August 3
Hong Kong RWA registration platform will be launched on August 7
The Satoshi Nakamoto statue in Lugano, Switzerland, which Tether co-created, has been stolen.
Communications Platform Towns Protocol Announces Token Economics: 57% of Tokens Allocated for Airdrops, Grants, and Other Community Initiatives
Hong Kong Legislative Council Member: There is no opportunity for speculation in stablecoins, and regulations will be formulated with reference to peers in the United States, Japan, Singapore, and the European Union.