Fengcheng Holdings surged nearly 27%, Gate.com provides one-stop insights into Hong Kong stock market hotspots.
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Secret will be migrating to Arbitrum, and a one-time snapshot of SCRT holdings will be taken on September 1st.
Foresight News , Secret Network, the privacy public chain within the Cosmos ecosystem, has announced a partnership with Arbitrum, with its token SCRT planned to migrate to the Arbitrum network. Secret will conduct a one-time snapshot of SCRT holdings on September 1, 2026. Following the snapshot, a new ERC-20 version of SCRT will be issued on Arbitrum, which holders can claim using Merkle root proofs. No prior asset deposit is required, and there is no deadline for claiming. The snapshot covers native SCRT and staked SCRT (including those being unbound), but excludes sSCRT, SCRT held in contracts or liquidity pools, and cross-chain tokens. Users must convert these back to native SCRT or staked SCRT before September 1st. In addition, the team proposed lowering the SCRT inflation rate from 9% to 5%, and stated that once approved by the community governance vote, SCRT Labs will cease maintaining the Secret Network and open-source all its code under a permissive license. This proposal is currently still pending on-chain governance confirmation.
Uniswap founder Hayden Adams highlights SEC Commissioner Hester Peirce's comment letter supporting autonomous decentralized systems, noting it creates a pathway for compliant trading in permissioned Uniswap v4 pools in the US |source: Twitter
BWENEWS AI: Uniswap founder Hayden Adams highlights SEC Commissioner Hester Peirce's comment letter supporting autonomous decentralized systems, noting it creates a pathway for compliant trading in pe...
The Hong Kong Hang Seng Tech Index closed up nearly 5%, with Alibaba surging 12%.
According to Mars Finance, the Hong Kong Hang Seng Index closed up 2.99%, and the Hang Seng Tech Index rose 4.97%. Heavyweight tech stocks led the gains, with Alibaba surging over 12%, Xiaomi Group rising over 9%, Baidu Group rising over 6%, and JD.com and Tencent Holdings both rising over 3%. AI big data model giants Zhipu and MiniMax also surged, with Zhipu rising over 13% and MiniMax rising nearly 12%. The semiconductor sector also rose, with Shanghai Fudan University up over 6%, and Huahong Grace and SMIC both rising over 3%. The lithium sector declined, with Tianqi Lithium falling over 8% and Ganfeng Lithium falling over 7%. (Cailian Press)
Gate Founder Dr. Han: Gate's early completion of MiCA licensing will push the European crypto market towards fair competition.
According to ChainCatcher, CoinDesk reports that with the full implementation of the EU's Crypto Asset Market Regulation (MiCA), the European digital asset market has entered a new era of unified regulation. Regarding the impact of MiCA on the industry landscape, Gate founder and CEO Dr. Han stated in an interview that Gate began its European compliance preparations several years ago and completed its MiCA and Payment Institution (PI) license preparations ahead of schedule in 2025. He pointed out that the significance of MiCA lies not only in establishing a unified regulatory framework, but more importantly, in putting all market participants on a level playing field. "Only when all platforms adhere to the same rules can the industry truly compete around products, services, and user experience." He also stated that if unauthorized platforms continue to provide services to European users, a level playing field will remain a challenge, making effective regulatory enforcement equally crucial. Currently, Gate Europe is leveraging its MiCA and PI licenses to continuously improve its compliance system, risk management, and operational governance capabilities, and is continuously deepening its global compliance strategy. In addition to Europe, multiple Gate entities have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai. Through multi-regional regulatory approvals, Gate has solidified its global business foundation and continues to provide global users with safer, more transparent, and more efficient digital asset services. Looking ahead, Gate will continue to adhere to a parallel development strategy of compliance and innovation, promoting the long-term healthy development of the digital asset industry through superior product experiences and global service capabilities.
Strive buys 1,110 Bitcoin for $81.5M, holdings top 21K BTC; ASST shares surge 11%
Strive’s Nasdaq-traded shares surged more than 11% as the Bitcoin treasury company said it paid an average of $73,409 per BTC, pushing its holdings to 21,356 Bitcoin.
SEC regulatory proposal marks ‘important’ step forward from ‘inapt’ crypto rules: Commissioner Peirce
“Crypto mom” Hester Peirce praised the SEC’s proposed crypto regime, published days after the Senate failed to pass the CLARITY Act, the US’ first comprehensive industry framework.