PANews reported on October 30th that, according to Hong Kong's Wen Wei Po, Hong Kong Securities and Futures Commission (SFC) Chairman Wong Tin-yau stated yesterday that Hong Kong currently lacks regulations governing listed companies' participation in cryptocurrency investments. He added that the SFC will monitor the market situation and study providing relevant guidance. Wong further stated that Hong Kong currently has no legislation regulating listed companies' participation in virtual asset treasury arrangements. Regarding listed companies claiming to adopt Digital Asset Treasuries (DAT), Wong urged investors to carefully understand what DAT is and its underlying value. He also indicated that the SFC will study the issue of listed companies purchasing Bitcoin.
- 0 replies
- 0 recasts
- 0 reactions
Four.Meme: The platform may experience slow access due to a surge in traffic, and technical support is being implemented.
- 0 replies
- 0 recasts
- 0 reactions
PANews reported on October 12th that Hyperliquid founder Jeff tweeted that Hyperliquid maintained 100% uptime during recent market volatility, with no bad debts. This marks the first time Hyperliquid has introduced cross-margin auto-deleveraging (ADL) in over two years of operation. ADL does not alter the outcomes of any users who were liquidated. While some ADL trades have yielded poor returns, the overall effect of ADL is that traders can close positions at temporarily favorable prices, realizing significant gains and losses.
- 0 replies
- 0 recasts
- 0 reactions