Hong Kong Stablecoin Regulation Set for August 2025
Hong Kong Stablecoin Regulation Set for August 2025
馃嚟馃嚢 HK's Crypto Plot Thickens
Hong Kong is implementing comprehensive stablecoin regulations through Chapter 656, scheduled to take effect in August 2025. The initiative, which has been in development since 2023, introduces a new licensing framework aimed at fostering digital asset market growth.
Key points:
- New regulatory framework under Chapter 656
- Implementation date: August 2025
- Focus on stablecoin oversight and market development
- Part of ongoing crypto regulatory efforts since 2023
This marks a significant step in Hong Kong's push to become a major digital asset hub.
馃毃 Hong Kong sets the stage for stablecoin regulation starting Aug 2025! 馃摐 Chapter 656 introduces a licensing regime to boost digital asset growth.
Ripple's RLUSD Stablecoin Now Available on Bridgers
Bridgers has integrated $RLUSD, Ripple's new real-world asset backed stablecoin. The token is fully collateralized by US dollar deposits and short-term US treasuries, with regular attestations for transparency. Users can now route RLUSD across multiple blockchain networks using Bridgers' non-custodial smart contract execution system. The integration aims to enhance cross-chain stablecoin utility and DeFi accessibility.
SharpLink Gaming Acquires 7,689 ETH for $19.2M
SharpLink Gaming expanded its Ethereum holdings between June 28-July 4, purchasing 7,689 ETH (~$19.2M). The company now holds approximately 205,634 ETH total. Other key developments: Tether invested in Crystal Intelligence for blockchain forensics, Trump called for Fed Chair Powell's resignation, ReserveOne announced a SPAC merger, and BTCS plans to raise $100M for Ethereum infrastructure. Investment platform Linqto filed Chapter 11 bankruptcy with 4.7M Ripple shares (~$450M). Trump confirmed August 1 tariffs, while Robinhood's CEO endorsed tokenization for liquidity solutions.
Ethereum Shows Resilience Despite Low On-Chain Activity
Matrixport's latest analysis indicates Ethereum's price stability is supported by multiple factors, despite relatively quiet on-chain metrics: - Institutional investors continue to accumulate ETH positions - Growing stablecoin liquidity provides market support - The US GENIUS Act legislation may increase market participation This follows February's significant $1.1B inflows and strong ETF performance, where Ethereum funds saw 7x growth compared to January. Price currently tests $2,817 resistance level. *Key Drivers*: - Institutional adoption - Regulatory clarity - Market infrastructure development
Daily GM Report: Consistent Community Engagement Continues
The web3 community maintains its daily greeting tradition with 'gm' messages. Analysis of the past 4 months shows: - Consistent daily 'gm' and 'gm frens' messages - Predominantly sunny weather emojis (:sunny:) - Occasional coffee emojis (:coffee:) appearing - One instance of cloudy weather (:sun_behind_small_cloud:) This pattern demonstrates sustained community engagement and morning ritual participation across the ecosystem.
Verge (XVG) Launches Cross-Chain Support on Bridgers Platform
**Verge (XVG)**, the privacy-focused cryptocurrency, is now fully operational across multiple blockchain networks through Bridgers. The integration supports: - ERC20 version - BSC version - Base version - Polygon version Key features include: - Non-custodial execution - Cross-chain routing capabilities - Integration with Tor for enhanced privacy - Stealth address transactions - Community-driven development Users can now seamlessly move XVG across different chains while maintaining full control of their assets through the [Bridgers dApp](http://dapp.bridgers.xyz).