Project Progress

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Hong Kong issues its first two stablecoin licenses! The HKMA reveals the conditions for subsequent issuances: a steady push to roll them out, with tight control over the number

The Hong Kong Monetary Authority has issued its first stablecoin issuance licences to HSBC and AnchorX Financial (a joint venture between Standard Chartered Hong Kong, Hong Kong Telecom, and Anz). The two are positioned for retail payments and enterprise cross-border settlement, and will roll out stablecoins for different uses by mid-year and year-end. The regulator said it will decide whether to issue additional licences after observing actual operations and risks, and the number of licences will be strictly controlled. Stablecoins are expected to reduce the cost of cross-border remittances, speed up payments, and in the long run enable second-level account crediting through AI automation of payments.
ChainNewsAbmedia·05-05 04:55
Hong Kong issues its first two stablecoin licenses! The HKMA reveals the conditions for subsequent issuances: a steady push to roll them out, with tight control over the number

Aave emergency motion counters: $73 million in frozen ETH: “The thief does not own what he stole”

Aave filed an emergency motion with the U.S. District Court for the Southern District of New York, seeking to lift the freeze on 30,766 ETH (about $73 million). Core arguments: the stolen assets remain the property of the original users, and the thief cannot obtain ownership; when the Arbitrum Safe Committee returns funds, the stolen assets would immediately revert to the victims; the evidence related to North Korea’s Lazarus Group is hearsay, and the hearing is expected to be held at the end of May. This case will affect DeFi governance and future risks around asset ownership.
ETH0.33%
AAVE1.88%
ARB4.56%
ChainNewsAbmedia·05-05 00:28
Aave emergency motion counters: $73 million in frozen ETH: “The thief does not own what he stole”

DTCC to Launch Tokenized Asset Service in July 2026

## DTCC Announces Tokenization Service Rollout The Depository Trust & Clearing Corporation announced on Monday that it will facilitate initial, limited production trades of tokenized real-world assets in July 2026, ahead of the service's full launch in October 2026, according to a statement from DT
CryptoFrontier·05-04 21:21
DTCC to Launch Tokenized Asset Service in July 2026

Telegram founder Durov: Will take over TON within 2-3 weeks; Telegram will become the largest validator

Durov announced that within 2–3 weeks, Telegram will take over TON governance, becoming the main driver and the largest validator to complete MTONGA Step 3. The first two steps are Catchain 2.0 and reducing transaction fees to nearly zero. This move means Telegram directly controls governance and deeply integrates with the TON ecosystem; the subsequent focus is developments such as the foundation’s arrangements and the launch of new ton.org tools.
ChainNewsAbmedia·05-04 15:35
Telegram founder Durov: Will take over TON within 2-3 weeks; Telegram will become the largest validator