Today's market
BTC price is $88540.55, down 0.11% in the last 24 hours;
ETH price is $3006.97, up 0.16%;
BNB price is $858.8, down 0.03% in the last 24 hours;
XRP price is $1.9034, down 0.99%;
SOL price is $125.87, down 0.11%;
TRX price is $0.2844, down 1.32%;
DOGE price is $0.13246, up 0.90% in the last 24 hours;
ADA price is $0.3707, up 1.20%.
News updates
Bloomberg: Hong Kong plans to introduce new regulations for insurance companies regarding investment in crypto assets and infrastructure.
The Hong Kong Insurance Authority proposed new regulations aimed at guiding insurance funds into the crypto asset and infrastructure sectors. According to the presentation document dated December 4, regulators plan to impose a 100% risk capital requirement on crypto assets, while the risk capital requirement for stablecoin investments will depend on the fiat currency pegged to the stablecoin regulated in Hong Kong. The Hong Kong Insurance Authority stated that a review of the risk capital system was initiated this year, with the primary goal of supporting the insurance industry and broader economic development. The proposal is expected to undergo public consultation from February to April next year, followed by submission for legislation.
Guangzhou's 14th Five-Year Plan proposals: Expand the application scenarios of digital RMB
The Guangzhou Municipal Committee of the Communist Party of China issued recommendations for drafting the 15th Five-Year Plan for the national economy and social development of Guangzhou. The recommendations propose accelerating the construction of a strong financial city and establishing a modern financial service system that aligns with the core engine functions of the Greater Bay Area. Notably, the recommendations explicitly state the need to 'expand the application scenarios of digital RMB'. In addition, the document also mentions promoting the Guangzhou Futures Exchange to enrich futures and options varieties, increasing the efforts of financial sector reform, supporting mergers and acquisitions of listed companies, and striving to build a wealth and asset management center in the Greater Bay Area.
Hong Kong Victory Securities prohibits buying virtual assets from mainland IP addresses
According to Hong Kong media, Hong Kong Victory Securities issued an urgent notice to clients stating that starting from December 19, it will implement 'buying restrictions' on virtual asset accounts identified by the system as originating from IP addresses in 'Mainland China'. Sources indicate that this move aims to respond to the recent strict regulatory measures against virtual asset trading in the mainland and to close potential compliance loopholes. It is reported that under the latest arrangements, even compliant Hong Kong clients will not be able to make purchases if they are in the mainland using local networks.
Cryptocurrency
Trump Media, under Trump, invested $13.44 million to increase its holdings by 150 BTC
According to Arkham monitoring, Trump Media has invested $13.44 million to increase its holdings by 150 BTC, bringing Trump Media's Bitcoin holdings to 11,241, valued at approximately $1 billion.
Trump promises to support self-custody rights for U.S. cryptocurrencies
According to a tweet from Coin Bureau: President Trump promised to ensure the future of cryptocurrency and Bitcoin is shaped in the United States and to support the self-custody rights of the 50 million cryptocurrency holders in the country.
Musk stated that energy is the real currency
According to a tweet from Coin Bureau: Elon Musk stated that fiat currency is 'hopeless' and that energy is the real currency, sparking speculation among Bitcoin supporters that he is secretly endorsing Bitcoin.
