On February 11, 2026, at the Hong Kong Convention and Exhibition Centre, under the spotlight of the Consensus conference, Hong Kong Securities and Futures Commission (SFC) CEO Julia Leung and the Executive Director of the Intermediaries Division, Ye Chih-hang, took the stage one after another. They announced a package of new regulations that sent a deep water bomb into the digital asset market—licensed virtual asset brokers can now provide financing services to securities margin clients, perpetual contracts received their first regulatory framework, and platform affiliates are allowed to act as market makers. This is the most significant regulatory move by the Hong Kong SFC in the digital asset field since the release of the ASPIRe roadmap in February 2025. But compared to the surface-level headline of "Hong Kong finally loosening crypto leverage," a more important question to ask is: why now? Why are collateral assets limited to Bitcoin and Ethereum? Why is the margin reduction rate set at 60%? Answers to these questions point to a deeper proposition: the Hong Kong SFC is treating the virtual asset market as a digital asset monitor.

In brief Strategy accounted for 93% of Bitcoin purchases among digital asset treasuries last month. That represented the firm’s busiest month in a year. Other DATs saw their share shrink for a fourth straight month. Bitcoin-buying firms were viewed as an emerging source of demand last ye

Perpetual swaps, long regarded as the backbone of crypto derivatives, entered the year with confidence and exited it transformed. As weak models collapsed, space opened for more resilient platforms and genuinely new ideas. 2025 did not end the perpetual swap market. It forced it to evolve. Few ye

With the dramatic change in Venezuela's political situation, Maduro was detained by the US military, and the shadow reserves of Bitcoin worth up to $60 billion have become a mystery. These crypto assets accumulated through gold swaps and oil transactions—who actually controls them? Who holds the key private keys? This article is based on "Maduro's 'Lightning Strike' by the United States: Where Will Venezuela's 'Legendary $60 Billion Bitcoin' Go?" by Ye Huiwen from Wall Street Insights, reorganized by律動. (Previous summary: Data: Predictive market 'spoils' Maduro's fall with $10 million in advance) (Background supplement: US lawmakers propose legislation to ban government officials from insider trading in prediction markets! Polymarket suspected of leaks in Maduro arrest plan) Table of Contents Digital Assets of the Shadow Financial Empire Gold Swap and Crypto Channels The Role of Key Figure Alex Saab Crude Oil

A woman with the surname Ye in Taiwan recently experienced a robbery during an over-the-counter (OTC) cryptocurrency transaction. (Background: Taiwan has passed the "Fraud Crime Prevention Act" with penalties up to 100 million NTD for fraud, and increased penalties for flaunting wealth with luxury homes and sports cars) (Additional background: The Taiwanese government holds (confiscates) 210 Bitcoin! Over 2,000 ETH, nearly 300 BNB... totaling over 1.3 billion NTD) A woman with the surname Ye in Taiwan recently experienced a robbery during an over-the-counter (OTC) cryptocurrency transaction. She was exchanging with an individual claiming to be a "crypto dealer" at Pingtung Train Station when the person suddenly snatched her NT$180,000 and fled. Fortunately, the police quickly intervened and within a few days after the incident, all three suspects involved were arrested. Event Details The police stated that Ms. Ye was engaging in the transaction through online dating channels

Senior figure in the crypto world, Bao Er Ye (Guo Hongcai), hinted that there is an old fren in the crypto world who has experienced a "deep-sea fishing", reportedly involving billions of US dollars. Although not naming names, multiple KOLs have followed up on the rumors, pointing towards Micree Zhan, co-founder of Bitmain. The term "deep-sea fishing" usually describes secret detentions taking place in China. The rumors suggest that the fine amounts range between 1 billion and 10 billion USD, but it has not yet been officially confirmed.

Mars Finance News: According to Hong Kong Wen Wei Po, former Bank of Communications Hong Kong executive Yip Tsz Kin has announced his candidacy for the 2025 Legislative Council election. He stated that he will propose the establishment of a financial holding company to promote integration between the banking industry and other financial sectors. His policy priorities include fully supporting the development of fintech, advancing reforms in the payments sector, and clearly stating that Hong Kong should seize opportunities in several key strategic areas of fintech, including artificial intelligence (AI), digital currency, and virtual assets, using these as core drivers for the overall growth of the financial industry.

Written by: Ye Huiwen Source: Wallstreetcn Ethereum is executing a key network upgrade today called "Fusaka," marking another significant milestone in its ongoing scalability roadmap. This upgrade aims to further lower transaction costs on Layer-2 networks by dramatically increasing data capacity and optimizing protocol efficiency, thereby consolidating Ethereum's core position as a global, high-efficiency settlement layer. According to the plan, the Fusaka upgrade will be activated at block height 13,164,544 on December 3, 2025. This is a new step forward in Ethereum’s scaling journey following the Dencun and Pectra upgrades. Kenny Lee, Head of Crypto at Goldman Sachs, pointed out that Fusaka represents the next phase of Ethereum's scalability roadmap, with the goal of evolving the network into one that is both globally impactful and cost

Written by: Ye Zhen Source: Wallstreetcn On Tuesday, Bitcoin and other cryptocurrencies led a rebound in risk assets, driven by a major shift from global asset management giant Vanguard Group. After Monday’s sharp decline, Bitcoin on Tuesday made a strong comeback, reclaiming the $90,000 mark with a daily gain of over 6%. Ethereum also returned above $3,000. At the same time, Trump hinted that his economic advisor Kevin Hassett is a potential candidate for Federal Reserve Chair. Combined with stabilization in Japanese bond auctions, this put slight downward pressure on US Treasury yields and the US dollar index, easing market liquidity concerns and fueling a significant rebound in global risk assets. On Tuesday, Vanguard Group confirmed that clients can now purchase third-party cryptocurrency ETFs and mutual funds such as BlackRock's iShares Bitcoin Trust ETF through its brokerage platform. This is the first time the asset management giant, known for its conservative investment philosophy, has opened up to 800

Author: Ye Zhen, Wallstreetcn On Tuesday, Bitcoin and other cryptocurrencies led a rebound in risk assets, driven by a major shift from global asset management giant Vanguard Group. After Monday’s sharp decline, Bitcoin strongly regained the $90,000 level on Tuesday, rising more than 6% in a single day, while Ethereum climbed back above $3,000. At the same time, Trump hinted that his economic adviser Kevin Hassett is a potential candidate for Federal Reserve Chair. Coupled with stabilization in Japanese bond auctions, this put pressure on US Treasury yields and the US dollar index, which both edged down. As market liquidity concerns eased, global risk assets rallied significantly. On Tuesday, Vanguard Group confirmed that clients can now purchase third-party cryptocurrency ETFs and mutual funds, such as BlackRock’s iShares Bitcoin Trust ETF, through its brokerage platform. This marks the first time the asset management giant, renowned for its conservative investment philosophy, has opened cryptocurrency investment channels to its 8 million self-directed brokerage clients.