Hong Kong's First Batch of Stablecoin Licenses to Be Announced This Afternoon
Hong Kong’s Monetary Authority (HKMA) will announce the first batch of stablecoin licenses at 5 p.m. April 10, followed by a media briefing with licensed issuers.
Earlier, the HKMA completed the final review of the first batch of applications in mid-March 2026 and is now in the final preparation stage for the official announcement. It received 36 applications total, with plans to issue 2 to 3 licenses in the initial batch under strict regulatory standards.
In early February this year, Eddie Yue, Chief Executive of the HKMA, stated the authority aimed to release Hong Kong’s first stablecoin issuer licenses in March. He emphasized: “The number of licenses in the first batch will definitely not be large—we’re prioritizing prudence.”
(Source: Daily Economic News)
6 minutes ago
A certain whale recently deployed a 53 million scale "Multi BTC Short HYPE" position, losing $900,000 in a single day during this round of HYPE rally.
April 10th — Per HyperInsight monitoring (via https://t.me/HyperInsight), on-chain data shows a whale known for **longing BTC while shorting altcoins to hedge market downturns** has profited from BTC/altcoin exchange rate swings amid downward volatility.
But with BTC recently stabilizing, HYPE has continued to rally — hitting over $40 today with a >5% intraday gain. This pressure on both sides of the whale’s position pair triggered a **$900k intraday fund withdrawal**.
Current holdings:
- BTC long (40x leverage): $30.4M
- HYPE short (5x leverage): $23.2M
When HYPE last surged, the whale started building positions and fully closed them by March 20th, totaling ~$53M. Since then, net unrealized losses stand at ~$300k (no realized gains yet).
Previously, the same whale used a similar play: a ~$50M BTC long paired with shorts on ETH, XRP, ADA, and 8 other coins. That strategy was successful, netting ~$37.1M in total profits across the cycle.
6 minutes ago
Bittensor Co-Founder Calls for Subnet Community Governance Restart, Criticizes Covenant AI Co-Founder's Actions as "Malicious and Greedy"
April 10 — In response to Covenant AI’s recent departure from the Bittensor network, Bittensor co-founder Jacob Steeves issued a statement on Discord.
He revealed that when dTAO launched a year ago, the team initially planned to roll out a community-led subnet governance mechanism: subnet Alpha holders would vote via their wallets to elect the Hyperparameter Council. The feature was delayed, however, due to the early need to grant subnet owners greater control.
Steeves argues now is the right time to reignite this discussion, proposing a community voting mechanism to elect the council and relaunch the subnet. He emphasized he is one of Bittensor’s top three stakeholders, supporters, and technical contributors — and will personally participate in the mechanism, recommend qualified candidates, and advance the project’s original goals established with Covenant AI founder Sam Dare.
Meanwhile, Steeves bluntly labeled Sam Dare’s recent decisions “clearly malicious and greedy.” Still
6 minutes ago
Ehrling's Law: Value ultimately depends on the asset's worth and trend; if an asset lacks worth, it will not be recognized by the market in the long run
April 10th — Yi Li Hua addressed external claims labeling early operations as “aggressive” or even “pump and dump” during a Binance Square AMA.
He emphasized investment ultimately hinges on an asset’s value and trend: assets without fundamental value won’t hold up in the market long-term.
For large-cap markets like ETH, he argued a single participant can’t single-handedly pump the asset — it’s more about finding undervalued assets and riding trends. When trends weaken, individual purchases also can’t reverse the dip.
6 minutes ago
Biden's Son Challenges Trump's Son to a Public MMA Fight
April 10th
Hunter Biden, son of former U.S. President Joe Biden, publicly challenged Donald Trump Jr. and Eric Trump to a "cage fight" on a podcast Wednesday, saying, "I'm definitely in."
The bout stems from internet personality Andrew Callaghan, who is organizing a celebrity boxing match and reached out to Hunter about joining.
A Trump Organization representative responded by telling Hunter to "stick to finger painting, steer clear of illegal drugs and adult content" — mocking his immaturity and referencing his past scandals.
6 minutes ago