AICoin Daily Report (February 11)

CN
AiCoin
Follow
1 month ago

1. Michael Saylor's company increased its holdings by 7,633 Bitcoin

2. Trump announced a 25% tariff on steel and aluminum

3. The U.S. government proposed a plea agreement for the suspect in the SEC hacking incident

The U.S. government has proposed a plea agreement for Eric Council Jr., who is suspected of helping to hack the U.S. Securities and Exchange Commission (SEC) X account in January 2024. In documents submitted to the U.S. District Court for the District of Columbia on February 9, 2025, federal prosecutors proposed a forfeiture order requiring him to pay $50,000, which he "personally gained" from posting a message on X that implied the SEC had approved a Bitcoin spot ETF for the first time. The alleged hacker will also plead guilty to a conspiracy charge involving aggravated identity theft and access device fraud. Council was a member of an organization that temporarily took control of the SEC's X account in January 2024 through a SIM swap attack. This breach allowed hackers to post a false message that included an image of then-SEC Chairman Gary Gensler announcing the approval of a spot Bitcoin ETF. -Original

4. Japan's Financial Services Agency plans to lift the ban on cryptocurrency ETFs

Japan's Financial Services Agency (FSA) plans to lift the ban on Bitcoin and cryptocurrency ETFs. -Original

5. Bloomberg analysts predict a high probability of approval for Litecoin and Dogecoin ETFs

Bloomberg's senior ETF analyst Eric Balchunas published a prediction on the probability of approval for spot cryptocurrency ETFs in 2025. Among them, Litecoin (LTC) and Dogecoin (DOGE) are most likely to be approved, with probabilities of 90% and 75%, respectively. Solana (SOL) has a 70% probability, while XRP is lower at 65%. -Original

6. Hong Kong legislator claims that a patient approach to crypto regulation will be beneficial

In Asia, cryptocurrency regulation is a fiercely competitive business, with places like Hong Kong and Singapore vying to become the cryptocurrency hub of Asia and capture all the business associated with that status. However, the challenge lies in creating a rulebook that balances investor protection with welcoming businesses and new capital. In this regard, Hong Kong has an advantage over places like Japan or South Korea, as its common law framework for traditional finance makes it one of the most open and free economies in the world—a recent report from a Canadian think tank ranked Hong Kong as the "freest economy" in the world, with Singapore following closely in second place. However, progress in cryptocurrency in Hong Kong has been relatively slow, especially compared to Singapore. But Hong Kong legislator and chairman of the Technology and Innovation Committee, Chiu Tak-gan, who oversees the regulation of Hong Kong Science Park and research facilities, stated that Hong Kong's initial cautious approach to regulating cryptocurrency is advantageous. In a recent interview with CoinDesk, Chiu said, "Sometimes, being a latecomer is a good thing because you have a clearer picture." For example, he pointed out that the Monetary Authority of Singapore (MAS), the main financial regulatory body in Singapore, has quickly taken action to implement cryptocurrency rules. The MAS initially regulated cryptocurrency under its Payment Services Act, mistakenly viewing cryptocurrency as a payment tool rather than an asset class. Japan did the same early on, and as DeFi and tokenization gained attention, Japan was forced to revise its approach in 2024. "While Hong Kong started later, the good news is that the usage patterns of these products are clearer," said Zhao Qizheng, one of the most prominent advocates for cryptocurrency in Hong Kong alongside fellow legislator Wu Jianmin. Zhao further pointed out that the original Bitcoin white paper labeled this asset class as electronic cash, while the market reality is that it has become more like a commodity—this is another example of how market behavior around cryptocurrency has evolved and needs regulation to adapt. Zhao expressed that one of the key issues he hopes to address in the Legislative Council is to establish clear classifications for different types of digital assets, such as cryptocurrencies versus stablecoins, while collaborating with global regulators to ensure consistency between them. "We need clear definitions and subdivisions," Zhao explained. "Some assets should be regulated like securities, while others should remain unregulated, like memecoins." According to Chiu, memecoins should be viewed as collectibles, similar to Pokémon cards or stamps. "Memecoins have no functionality behind them—they do not use smart contracts," Chiu said. "They are just collectibles, so I see no reason to regulate them like financial products." Given the uniqueness of cryptocurrency as an asset class, some jurisdictions, such as Dubai and its Virtual Assets Regulatory Authority (VARA), have created their own independent regulatory bodies for virtual assets. When asked if he thinks Hong Kong should take a similar path, Chiu recalled that during his early years in the Legislative Council, he initially supported the creation of a digital version of the Securities and Futures Commission (SFC), Hong Kong's market regulator, called the "eSFC." However, the Hong Kong government chose to place cryptocurrency regulation under existing financial regulatory bodies. The Hong Kong SFC has a dedicated digital asset team, while the Hong Kong Monetary Authority (HKMA) is responsible for regulating stablecoins. Mr. Zhao stated that he is currently satisfied with this arrangement, especially as the Hong Kong government calls for tightening policies in other regions while the Hong Kong SFC is expanding its staff. Mr. Zhao noted, "The government's intention is to place everything under the leadership of the Hong Kong SFC. There will be a team within the Hong Kong SFC, and they are hiring. We just approved this in the Legislative Council." Mr. Zhao believes that the next major priority for the Legislative Council is to establish regulations for over-the-counter trading and custody, while the rules for cryptocurrency derivatives and leveraged trading will be left to the Hong Kong SFC and cryptocurrency exchanges to formulate, rather than through new legislation. Mr. Zhao considers cryptocurrency regulation to be one of the five major priorities, with other priorities mainly revolving around Hong Kong's economic recovery and public safety issues. However, he acknowledges that not all Legislative Council members share the same urgency regarding cryptocurrency regulation; some prefer to focus first on establishing stricter investor protection mechanisms to avoid another FTX or JPEX, whose collapses left many with significant gaps in their digital wallets across Hong Kong and Asia. However, the resources available to the legislative body are limited. Hong Kong's job market is weak, and the real estate sector is on the brink of painful adjustments. In Donald Trump's next trade war, Hong Kong is also caught between the U.S. and mainland China, posing challenges to Hong Kong's economic recovery. "Some Legislative Council members are strong supporters of virtual assets, but certainly not all," Zhao said. "They all have different priorities." -Original

7. Nasdaq plans to invest in Bitcoin and its derivatives

Nasdaq-listed company MicroCloud Hologram Inc. (NASDAQ: HOLO), a holographic technology service provider, announced that it plans to raise up to $200 million to purchase Bitcoin or other digital currencies and their related securities derivatives, incorporating these assets into its capital reserve strategy. The company currently has cash reserves of approximately $257 million, and the $200 million it plans to deploy will primarily be used to invest in Bitcoin or other digital currencies with market influence and growth potential, as well as related securities derivatives. The company stated that purchasing Bitcoin or digital currency derivatives is an important step in its exploration and practice in the digital currency field. Through this plan, HOLO will be able to gain deeper insights into the operational mechanisms, price fluctuations, investment strategies, and more of the digital currency market, thereby accumulating valuable experience for future business expansion and capital operations in the digital currency sector. -Original

8. Musk reveals illegal transfer of government department funds

Odaily Planet Daily reports that Musk, as a close aide to President Trump and head of the Department of Government Efficiency (DOGE), disclosed that the DOGE team discovered that the Federal Emergency Management Agency (FEMA) illegally transferred $59 million to a luxury hotel in New York City last week. These funds, originally intended for disaster relief in the U.S., were used to house undocumented immigrants. Musk pointed out that this action violates the law and openly defies the President's executive order. In response, he stated that he would initiate procedures today to recover these misused funds. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
Gate:注册解锁$6666
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink