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Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset
Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction.
Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%.
These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposu
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Nanita:
The bullish market is at its peak 🐂
valuation
OpenAI has raised $8.3 billion at a $300 billion valuation, accelerating its plan to secure $40 billion in funding by year’s end. The latest round, led by Dragoneer Investment Group, comes after the company raised $2.5 billion in March.
According to The New York Times on Friday, Dragoneer committed $2.8 billion to the raise, representing roughly 10% of its total funds. The funding round brings OpenAI closer to its 2025 target, which includes a $30 billion commitment from SoftBank.
The funding round was five times oversubscribed, meaning investors wanted to invest roughly $40 billion,
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ELON4.99%
H-2.06%
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– Understanding the Numbers Matters
Here’s a quick breakdown of large numbers for context:
1,000,000,000,000.00 = One Trillion
1,000,000,000,000,000,000.00 = One Quadrillion
1,000,000,000,000,000,000,000,000.00 = One Quintillion
According to the JAGER official website, a total of 14,600,000,000,000,000.00 tokens have been issued — that’s Fourteen thousand six hundred trillion. Out of this massive supply, only 9.5% is made available to the market.
It's also worth noting that there are reports suggesting trillions of tokens have already been burned, which significantly impacts the circulating su
SIX-2.60%
LL-2.56%
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– Understanding the Numbers Matters
Here’s a quick breakdown of large numbers for context:
1,000,000,000,000.00 = One Trillion
1,000,000,000,000,000,000.00 = One Quadrillion
1,000,000,000,000,000,000,000,000.00 = One Quintillion
According to the JAGER official website, a total of 14,600,000,000,000,000.00 tokens have been issued — that’s Fourteen thousand six hundred trillion. Out of this massive supply, only 9.5% is made available to the market.
It's also worth noting that there are reports suggesting trillions of tokens have already been burned, which significantly impacts the circulating su
SIX-2.60%
LL-2.56%
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valuation
OpenAI has raised $8.3 billion at a $300 billion valuation, accelerating its plan to secure $40 billion in funding by year’s end. The latest round, led by Dragoneer Investment Group, comes after the company raised $2.5 billion in March.
According to The New York Times on Friday, Dragoneer committed $2.8 billion to the raise, representing roughly 10% of its total funds. The funding round brings OpenAI closer to its 2025 target, which includes a $30 billion commitment from SoftBank.
The funding round was five times oversubscribed, meaning investors wanted to invest roughly $40 billion,
ELON4.99%
H-2.06%
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Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset
Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction.
Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%.
These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposu
SIX-2.60%
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#Join Honor Credits Draw & Win MacBook Air and Merch #ICE Today I saw someone who was dissatisfied with the Solana network on the butterfly, and he mentioned that the Ice Open Network project team is a scam, honestly, I can't find the words. ION is a Decentralization platform, and other environments use the ION launchpad to destroy ice, and the ION ice chain has been destroyed, gaining traffic for other environments, and this was supposed to be a win-win situation. If there is a successful product, other projects will use the ION launchpad in the future, and there will be many members using i
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GateUser-2df3d2d7:
Most people who come to this market to trade want to make easy money, including myself, but is money really made easily here? Money earned by chance can also be lost by chance.
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#ICE today I saw someone unhappy with the Sol network on the butterfly, and he stated that the Ice Open Network project team is a scammer, honestly I can't find the words. ION is a decentralized platform, other environments use the ION launch pad, to destroy ice, the ION chain has destroyed ice, other environments have gained traffic, this was supposed to be a double-win case, if there is a successful product, other projects will use the ION launch pad in the future, there will be a lot of members who use ice to open membership at different levels, we retainers are really already beneficiarie
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