Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.Source

Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments

Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations.Source

‘Smart Money’ Is Record Long on BTC Ahead of Expected Bitcoin ETF

Bullish bets by institutional investors and knowledgeable market participants have reached an all-time high on the CME, data tracked by MacroMicro show.Source

Barry Silbert Resigns as Grayscale Chairman, to Be Replaced by Mark Shifke

Shifke is the CFO of Silbert’s Digital Currency Group and will take over Jan. 1, Grayscale said in an SEC filing.Source

Metis Surges 50% as Ecosystem Projects Eye $360M in Grant Rewards

Some liquidity pools built on the Metis network are offering as much as 200% in annualized fee rewards to users.Source

Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack

Payments through bank accounts are still awaited.Source

Telcoin Suffers Apparent $1.2M Exploit Related to Polygon Wallet Implementation; TEL Drops 40%

Affected user balances will be restored as no private keys were stolen in the exploit, developers said on X.Source

Telcoin Suffers Apparent $1.2M Exploit Related to Wallet Implementation on Polygon; TEL Drops 40%

Affected user balances will be restored as no private keys were stolen in the exploit, developers said on X.Source

Bitcoin’s Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders

Bitcoin’s dominance by futures open interest has declined to 38% from nearly 50% two months ago.Source

Japan’s Cabinet Proposes Scrapping Corporate Tax on Unrealized Crypto Gains

Prime Minister Fumio Kishida’s government has been considering submissions on how best to encourage the industry’s development, which it sees as a pillar of economic reform.Source