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Hong Kong Stablecoin Oversight and Adjudication Office: Only Fiat-Collateralized Stablecoins Backed by Legal Tender Allowed

2025.11.21 20:16:16

On November 21st, a member of the Hong Kong Stablecoin Oversight and Web3 Development Working Group, Andrew Lui, stated that currently only fiat-collateralized stablecoins backed by legal tender are permitted. Applicants are required to have a minimum capital of at least HKD 25 million in order to ensure sufficient financial strength to operate and withstand market risks. The issuer's fiat funds must be invested in highly liquid and low-risk assets to guarantee that the value of the stablecoin is reliably supported. Furthermore, independent audits must be carried out, and regulatory compliance evidence must be provided to regulatory authorities. (Securities Times)
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Polymarket Prediction: "Bitcoin to Rebound to $75k in February" Probability Rises to 64%

As Bitcoin climbed back above $70,000 on February 8, it was last trading at $70,132. On Polymarket, the probability that Bitcoin will hit $75,000 in February has risen to 64%. Additionally, the odds of it reaching $80,000 stand at 30%, while the chance of it dropping to $60,000 is 37%.

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「Whale」 Increases ETH Long Position to $6.3M, Entry Price Around $2018

On February 8, per monitoring from HyperInsight (accessible via https://t.me/HyperInsight), Huang Licheng—known as "Brother Ma Ji"—has expanded his long positions in ETH and HYPE over the past 2 hours. His current ETH long position is valued at $6.3 million, with an average entry price of $2,017.78. Meanwhile, his HYPE long position stands at $1.41 million, with an average entry price of $32.

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2026 Fed Rate Final Value Outlook: The probability of a 50 basis point cut for the full year is 32.5%, and the probability of a 75 basis point cut is 25.9%

February 8th — Per CME FedWatch data, the probability the Federal Reserve will hold interest rates steady for all of 2026 is 5.4%. Other probabilities for total rate cuts by year-end 2026 are: - 25 basis points (bps): 21.1% - 50 bps: 32.5% - 75 bps: 25.9% - 100 bps: 11.7% - 125 bps: 3% Additionally, the odds of a 25-basis point rate cut at the Fed’s upcoming March meeting stand at 23.2%.

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