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The China Securities Regulatory Commission (CSRC) has issued regulatory guidelines on the issuance of asset-backed securities tokens overseas by domestic assets.
The China Securities Regulatory Commission (CSRC) has issued regulatory guidelines on the issuance of asset-backed securities tokens overseas by domestic assets. The guidelines define the issuance of asset-backed securities tokens overseas by domestic assets as activities that use the cash flow generated by domestic assets or related asset rights as repayment support, and utilize cryptographic technology and distributed ledger or similar technologies to issue tokenized equity certificates overseas. Domestic assets issuing asset-backed securities tokens overseas must strictly comply with laws, administrative regulations, and relevant policies concerning cross-border investment, foreign exchange management, and network and data security, and fulfill the approval, filing, or security review procedures required by the aforementioned regulatory authorities. Such issuances must not harm national interests or the public interest.
Bithumb issues apology for mistakenly airdropping 2,000 Bitcoins: Not related to external hacking or security vulnerabilities.
Bithumb issued an apology letter regarding the accidental airdrop of 2,000 Bitcoins. The letter stated that the confusion during the payment process caused inconvenience to customers. Bithumb immediately identified the abnormal transaction through its internal control system and quickly restricted transactions in the relevant accounts. Market prices returned to normal within 5 minutes, preventing on-chain liquidation due to abnormal Bitcoin prices. This incident was unrelated to any external hacking attacks or security vulnerabilities and will not cause any problems with system security or customer asset management. No loss or damage to customer assets was incurred. Bithumb will transparently share all follow-up actions and assume full responsibility to ensure that no customer was harmed.
Multicoin identifies 8 key investment themes for the next 5 years.
Multicoin co-founder Tushar Jain posted on X that he, along with partners including Spencer Applebaum and Shayon Sengupta, identified eight themes that the organization sees as having the most investment opportunities over the next five years. These themes include: Fintech 4.0, DeFi Mulllets, financial globalization, more efficient lending, entertainment finance, programmable ownership, reputation-neutral blockchains, and new cryptographic primitives.
Cryptocurrency markets rebounded overnight: BTC recovered 70,000 USDT, and ETH returned above 2,000 USDT.
OKX market data shows that the cryptocurrency market rebounded overnight, with BTC recovering the 70,000 USDT mark, up 14.20% in 24 hours; ETH returned above 2,000 USDT, up 13.01% in 24 hours; and SOL broke through 85 USDT, up 13.76% in 24 hours.
[Cardano Founder: Over $3 Billion Lost in Crypto, But Still Choosing to Stay Rather Than Exit]
According to market sources, Cardano founder Charles Hoskinson revealed in a live stream that despite having lost more than $3 billion in the crypto space, he has chosen to stay in the industry rather than exit.
In response to outside speculation that he was "rich enough to withstand losses," he said, "If you think I'm in this business for money, you're sorely mistaken—I won't stop even if I lose everything." He emphasized that he always prioritizes integrity and has repeatedly refused dubious opportunities, thus avoiding industry scandals such as the FTX collapse.
Despite the current market downturn, he encouraged the community to remain patient and focused on collaboration and building: "The market may get worse, but we are doing something meaningful that can change the world." He expressed optimism about the infrastructure and governance progress of the Cardano ecosystem and specifically praised Ethereum co-founder Vitalik Buterin and Solana co-founder Anatoly Yakovenko, seeing them as true partners in promoting the popularization of crypto.
Galaxy Digital's board approves $200 million stock buyback program.
Galaxy Digital announced that its board of directors has approved a share repurchase program authorizing the repurchase of up to $200 million of Galaxy Class A common stock, subject to applicable securities laws and stock exchange rules. Galaxy founder and CEO Mike Novogratz stated, “Galaxy has a strong balance sheet and continues to invest in Galaxy’s growth. This foundation allows us the flexibility to return capital to shareholders when we believe the share price does not reflect the company’s value. The share repurchase program also underscores our confidence in Galaxy’s long-term prospects.”
[glassnode: Bitcoin "benchmark" indicator hits all-time low, significant rebound may be imminent]
Glassnode published an article on its X platform stating that the Bitcoin "Yardstick" indicator has hit an all-time low, indicating that Bitcoin's price is severely undervalued relative to network security (hash rate). Such extreme lows often signal the exhaustion of downside potential and the convergence of long-term opportunities; historically, similar situations have been followed by significant Bitcoin price rebounds. (Note: The Yardstick indicator, developed by Capriole Investments, is defined as Bitcoin's market capitalization divided by its hash rate and normalized to 2 years of data, similar to a stock's price-to-earnings ratio, used to assess Bitcoin's valuation.)
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