Day: July 7, 2025
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FTX Compensation Crisis: Chinese Users Face Risk of Losing Claims
FTX creditor representative Sunil recently shared updates on social media, revealing that out of an estimated $11 billion in total claims, around $470 million belong to restricted jurisdictions. Among these, Chinese investors hold the largest share, with $380 million in claims—accounting for 82% of the restricted total—making this one of the most critical issues in…
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Hong Kong Takes the Lead: Spot Ethereum ETF Staking Approved
While U.S. regulators continue to debate staking provisions, Hong Kong’s Securities and Futures Commission (SFC) has moved swiftly—on April 10, 2025 it greenlit staking services for spot Ethereum (ETH) ETFs, with HashKey Exchange rolling out the first offering. This pioneering decision not only underscores Hong Kong’s forward‑looking Web3 regulatory approach but also cements its status…
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2025 Hong Kong Web3 Events: Q1 Highlights & What’s Ahead
As we enter Q2 of this transformative year, Hong Kong’s strategic position as the gateway to Asia continues to attract top-tier talent, global financial capital, and a vibrant community of blockchain innovators. With robust government support and an ever-expanding ecosystem, our city is poised to host a series of international flagship events that will drive…