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According to ChainCatcher, citing a report from Caixin, the Hong Kong Monetary Authority recently issued a circular confirming that, starting January 1, 2026, Hong Kong will fully implement new bank capital regulations based on the Basel Committee on Banking Supervision’s crypto asset regulatory standards. Fei Si, partner at King & Wood Mallesons in Hong Kong and lecturer at the Faculty of Law at the University of Hong Kong, stated in an exclusive interview with Caixin that the new regulations set the highest risk weight for crypto asset exposures using permissionless blockchain technology at 1250%. This means banks must hold capital equal to at least 1:1 of such crypto asset exposures. Such a high regulatory capital requirement will make many banks reluctant to hold these types of crypto assets.

According to Jinse Finance, a whale or institution sold their remaining 10,425 ETH for 49.737 million USDT over the past 13 hours. They bought ETH in July and sold in August, turning 98.33 million USDT into 150 million USDT. 1. In June, they used 10 addresses to bridge 98.33 million USDT from TRX to ETH, then on July 14 went all-in and purchased 33,333 ETH at an average price of $2,950. 2. After holding ETH for a month, they began selling. By early this morning, all ETH had been sold at an average price of about $4,555. 3. Through this ETH investment, they made a profit of $51.7 million, turning 98.33 million USDT into 150 million USDT.