2025-12-30
PANews reported on December 29th that, according to Caixin, the Hong Kong Monetary Authority (HKMA) has confirmed that it will fully implement new bank capital regulations based on the Basel Committee on Banking Supervision's (BBS) standards for crypto-assets in Hong Kong starting January 1, 2026. Crypto-assets, as defined by the BBS, are private "digital assets" that primarily rely on cryptography and distributed ledger technology or similar technologies. "Digital assets" are defined as a digital representation of value that can be used for payment or investment purposes or to obtain goods or services. Not only Bitcoin and Ethereum fall under the BBS's definition of crypto-assets, but also RWA, stablecoins, and others.
2. The SOL spot ETF saw net inflows of $13.14 million last week
PANews reported on December 29 that, according to SoSoValue data, the SOL spot ETF saw a net inflow of $13.14 million last week (US Eastern Time, December 22 to December 26), with none of the eight ETFs experiencing net outflows.The SOL spot ETF with the largest net inflow last week was the Fidelity SOL ETF FSOL, with a weekly net inflow of $8.02 million and a historical total net inflow of $113 million; followed by the VanEck Solana ETF VSOL, with a weekly net inflow of $2.02 million and a historical total net inflow of $17.78 million.
3. China's Supreme Court Controlled Journal Speaks Out: Digital Transactions, Electronic Currency, and Virtual Assets Included in Core Legal Topics
BlockBeats News, December 29th. The authoritative journal "Digital Rule of Law" of 2025 Issue 6 (Overall Issue 18) supervised by the Supreme People's Court of China was recently published. This issue focuses on digital transactions, electronic currency, virtual assets, generative artificial intelligence, and data element governance. Multiple articles directly address the institutional foundational issues related to blockchain and crypto assets, releasing a clear signal of accelerating the improvement of digital asset rule of law. In the "Overseas Observation" section, the article systematically reviews the 2022 revision of the U.S. Uniform Commercial Code (UCC), focusing on discussions regarding electronic contracting, electronic currency, distributed ledger-based virtual assets, and the new form of property rights called "controllable electronic records." It is believed that the institutional design in the circulation, control, collateralization, and good-faith acquisition of virtual currency has significant reference value for China's digital assets and blockchain legislation.
4. The total market capitalization of tokenized stocks has risen to $1.2 billion, a record high
PANews reported on December 30th that, according to Cointelegraph, the total market capitalization of tokenized stocks has climbed to a record $1.2 billion, driven by strong growth in September and December, according to data from Token Terminal. Token Terminal stated, "Tokenized stocks today are like stablecoins in 2020," highlighting that the market is still in its early stages. In 2020, stablecoins were still in their infancy, but this year they have grown into a $300 billion industry. Other industry insiders have likened tokenized stocks to the DeFi boom of early 2020, pointing to the potential for more global stocks to be on-chain, benefiting from faster settlement speeds, 24/7 trading, and divisible ownership.
5. The Federal Reserve injected $16 billion of liquidity this morning, the second largest since the beginning of the COVID-19 pandemic
BlockBeats News, December 30: According to Barchart, this morning the Federal Reserve injected $16 billion into the U.S. banking system through overnight repo, making it the second largest liquidity injection since the COVID-19 pandemic.
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