The warning came as Hong Kong consults on new virtual asset advisory and management licenses, expanding oversight beyond crypto trading platforms. The Hong Kong Securities & Futures Professionals Association (HKSFPA) warned that the city’s proposed rollout of new crypto licensing regimes may unintentionally force compliant crypto managers to cease activities if regulators proceed without transitional arrangements. The warning centers on what the group described as a potential “hard start,” under which existing firms would be required to be fully licensed by the commencement date of the new rules or cease regulated activities while their applications are under review. Hong Kong’s Securities and Futures Commission and the Financial Services and the Treasury Bureau are currently consulting on new licensing regimes that cover virtual asset dealing, advisory and management services, which would expand regulatory oversight beyond the city’s existing framework for crypto trading platforms. Read more
Bitcoin failed to break out from its macro trading range, according to analysis, with new BTC price targets including a return to sub-$60,000 levels. Bitcoin (BTC) slid to eight-day lows on Tuesday as macro headwinds gave bulls new headaches. Key points: Bitcoin toyed with the 2025 and 2026 yearly opens after a “failed” breakout from its multimonth range. Read more
Gold hit fresh record highs on Tuesday as rising geopolitical tensions and trade-war fears continued to push investors toward safe-haven assets. Bitcoin holders have realized net losses over 30 days, marking the first such stretch since late 2023, after more than two years dominated by realized profits. According to data shared by Julio Moreno, head of research at CryptoQuant, the Bitcoin (BTC) rolling 30-day realized profit and loss metric has dipped below zero, indicating that coins moved onchain during the past month were sold at below their purchase cost. “Bitcoin holders realizing losses, for a 30-day period since, late December for the first time since October 2023,” Moreno wrote on X. Read more
A long-dormant Satoshi‑era wallet suddenly moved 909.38 BTC, now worth about $84.6 million, highlighting how dramatically early Bitcoin prices differ from today’s valuations A dormant Satoshi-era Bitcoin wallet came back to life after 13 years, transferring its entire 909.38 BTC balance, worth about $84.6 million at current prices, into a fresh BTC address. Onchain data from blockchain analytics firm Arkham Intelligence shows that the address first received Bitcoin (BTC) in 2013, when one coin was trading at less than $7. By comparison, if, instead of buying 909.38 BTC, worth about $6,400 in 2013, the same amount had gone into a low‑cost S&P 500 index fund, it would be worth $37,000 today, after a gain of 481%. Read more
CryptoQuant found that large custody wallets accumulated $53 billion in Bitcoin over 12 months, suggesting that institutional demand for Bitcoin hasn’t gone away. Bitcoin accumulation by wallets holding between 100 and 1,000 BTC could signal that there is continued interest in Bitcoin from institutional investors in the US. “Institutional demand for Bitcoin remains strong,” said CryptoQuant founder Ki Young Ju on Tuesday, adding that 577,000 Bitcoin (BTC) has been added to this wallet cohort (which includes exchange-traded funds) over the past year, “and it’s still flowing in.” The increase is around 33% over the last 24 months, according to CryptoQuant, which is around the time when the first spot Bitcoin ETFs were launched. Read more
Pendle will begin to slowly phase out its governance token vePENDLE and replace it with sPENDLE this month, offering a more flexible model it hopes will boost adoption. DeFi protocol Pendle will begin phasing out its vePENDLE governance token this month, replacing it with a new liquid staking token called sPENDLE as part of a broader overhaul aimed at boosting adoption. The yield-trading platform said the long lock-ups, complexity and lack of interoperability baked into vePENDLE had become “significant barriers” for most users, despite strong growth in the underlying protocol. In an announcement via X on Monday, Pendle unveiled sPENDLE, a new liquid governance and fee token that will replace vePENDLE as the protocol’s primary governance asset. Read more
Trove shocked the community last week with a last-minute decision to pivot its perps DEX from Hyperliquid to Solana, a move that upset many of its initial backers. Vocal critics within the Trove Markets community on X are in uproar again after the team announced it will keep most of the investor funds it had raised to build on Hyperliquid and instead use them to build on Solana. Trove had raised over $11.5 million for a token sale tied to its integration on Hyperliquid, but announced on Friday, just days before its token generation event, that it will pivot to building on Solana. One of Trove’s builders, “Unwise,” later blamed the pivot on a liquidity partner withdrawing 500,000 Hyperliquid (HYPE) tokens needed for the Hyperliquid integration, with dozens of Trove investors demanding refunds since the sudden change in direction. Read more