Hong Kong has been ramping up efforts to strengthen its position as a digital asset hub. Hong Kong’s Securities and Futures Commission (SFC) plans to introduce virtual asset derivatives trading for professional investors.

According to a 4 June 2025 China Daily report, Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said the move is part of the city’s push to bolster its global digital asset market competitiveness.

The SFC said robust risk management measures will be prioritized in line with the move. This will ensure trades are conducted “in an orderly, transparent and secure manner.”

HONG KONG PLANS TO LEGALIZE #BITCOIN & CRYPTO DERIVATIVES TRADING!
ASIA’S ALL-IN ON BITCOIN BULL RUN! pic.twitter.com/1BwQfkWeJh

— Marzell (@MarzellCrypto) June 5, 2025

According to the SFC, the proposed product will facilitate efficient risk transfers, boost liquidity in the underlying spot markets — where cryptocurrencies are traded for immediate payment and delivery — and support experienced investors in engaging in hedging and leveraging strategies.

Furthermore, Hui said that the Financial Services and the Treasury Bureau is preparing to issue the second policy statement on virtual assets, laying out future policy directions.

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025

Active Virtual Asset Development Since October 2022

This follows the release of Hong Kong Special Administrative Region government’s first policy statement on virtual asset development in October 2022, which set out its stance and strategy to build a vibrant crypto ecosystem in the city.

Earlier this year, the SFC outlined plans to broaden the range of virtual asset products and services available to different types of investors.

As part of its efforts, the SFC permitted staking services for virtual assets, enabling investors to earn additional returns.

In April, the SFC approved two licensed virtual asset trading platforms to offer staking services under specific conditions. This was followed by two SFC-authorized virtual asset spot exchange traded funds (ETFs) revising their documentation to engage in staking activities.

Explore: Hong Kong SFC Greenlights Staking Services For Licensed Crypto Platforms

Hong Kong SFC Greenlights Staking Services For Licensed Crypto Platforms

In April 2025, Hong Kong’s SFC officially authorized licensed virtual asset trading platforms to offer staking services. This move was aimed to reinforce the city’s status as a leading hub for digital assets in the Asia-Pacific region.

The announcement was made in tandem with a keynote speech by SFC Executive Director Christina Choi at the 2025 Hong Kong Web3 Festival. Choi talked about how blockchain has the potential to reshape finance.  

Furthermore, Hong Kong-based cryptocurrency exchange HashKey received regulatory approval to offer staking services. This move was meant to expand the appeal of proof-of-stake (PoS) investments like spot Ether ETFs among institutional investors.

EXPLORE: 10 Best AI Crypto Coins to Invest in 2025

Hong Kong Plans To Introduce Crypto Derivatives Trading Soon

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The Dogecoin supply has risen steadily over the years, given that there is no limit to how many tokens that could be mined. This infinite number has often worked against the digital asset, as the constant rise in supply has affected the ability of demand to stay ahead. Now, again, even more tokens are about to be sent into circulation, causing the Dogecoin supply to rise once more.

Dogecoin Linear Unlocks in 7 Days

Reporter Wu Blockchain took to X to share information on massive token unlocks that are coming into the market. Among the most notable ones is Dogecoin, which is seeing a large amount of tokens that are going to be unlocked over a period of seven days.

According to the report, a total of 96.52 million Dogecoin tokens are expected to be unlocked during this one week period, starting on Monday. Token Unlocks data shows that $3.41 million worth of DOGE are expected to be unlocked daily, which works out to approximately 14 million tokens being released everyday.

By the time the unlocks are done, the Dogecoin supply would have grown around 0.06%. While this figure does seem insignificant compared to the already massive DOGE supply, the news could still have an impact on the meme coin’s price. As $22.75 million in total is being circulated into the market, it could trigger selling pressure, which could lead to a temporary correction in the Dogecoin price.

Nevertheless, the Dogecoin price has shaken off the first batch of release and continues to trade high as bulls are still maintaining support above $0.22. If buying pressure continues to be high, then it is possible that the market absorbs the DOGE token unlocks without any noticeable impact on price.

Other Token Unlocks To Watch Out For

Besides the Dogecoin linear unlocks, there are also other tokens seeing a notable number of tokens being either cliff or linearly unlocked. The likes of Aptos, Avalanche, and Arbitrum are all seeing unlocks crossing $30 million in value. These unlocks are being done on a cliff basis. Other ones include $10.30 million in MELANIA tokens, further threatening the TRUMP-adjacent token that has done nothing but crash since its release.

When it comes to linear unlocks, the highest one is coming from Solana, with 455,770 SOL worth $81.84 million being released in seven days. Worldcoin’s 37.23 million tokens worth $48.02 million comes in second, and Celeste’s 6.96 million tokens worth $22.48 million comes third. Dogecoin is a close fourth with its $22.75 million figure.

Featured image from Dall.E, chart from TradingView.com

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TransUnion Kenya, a global information and insights company, and global analytics software leader FICO are leading the charge in transforming the country’s financial landscape with new groundbreaking risk solutions that are designed to broaden access to credit and empower financial institutions. By leveraging enriched data and analytics, lenders can now make more informed decisions, which foster greater economic empowerment and build a more resilient financial ecosystem.

The two new solutions at the heart of this transformation are TransUnion’s CreditVision® Variables solution and the FICO® Score. Together, they address critical challenges in risk assessment and financial inclusion. CreditVision Variables provides an enhanced view of consumer financial behaviour, analysing over 145 data sources and up to 24 months of historical payment data. The new FICO Score is built for the Kenyan market using proprietary predictive analytics technology and over 4 million records from the TransUnion database.

Enhancing traditional credit risk strategies with the FICO Score and comprehensive data analysis can improve risk predictability and enable lenders to extend financial services to more consumers. In other global markets, lenders integrating CreditVision Variables into their credit risk strategies have experienced a significant boost in risk predictability by 20%-30%. This enhancement has led to a notable improvement in approval rates, ranging from 15%-20%.

CreditVision Variables can address essential business needs by:

• Cost-effectively identifying and engaging the right new customers

• Growing and optimising the profitability of existing customers

• Providing insights into customer motivations and behaviours

“The effects of these innovations are expected to be profound. Consumers, Small, Micro and Medium-sized Enterprises (SMMEs) and other businesses can benefit from greater access to credit and financial services, enabling them to improve their financial health and achieve their goals. Lenders will have access to better risk management and decision-making tools, leading to greater financial inclusion and economic empowerment, and driving more sustainable overall economic growth and stability,” said Morris Maina, CEO of TransUnion Kenya.

TransUnion has partnered with global analytics software pioneer FICO across Africa since 1997 and the two firms are now expanding their partnership to Kenya to introduce FICO’s advanced scoring models designed to meet the needs of the local market. This collaboration aims to improve credit-granting processes by equipping lenders with these advanced tools to manage portfolio risk and monitor credit activity.

The FICO Score is the latest evolution of credit scoring for the Kenyan market and has been designed to reflect the rapidly evolving lending ecosystem, where microlending, in particular, is more embedded than before. This single credit risk score provides lenders with a more granular and effective means of credit risk assessment, enabling a more accurate understanding of borrowers, and provides a significant boost in predictive power across all forms of lending. The predictive power of the new Kenya-specific FICO Score is significant across all forms of lending, with specific industries, such as microlending, performing particularly well. This is important in the Kenya context as 95% of scoreable consumers have at least one microlending tradeline.

Benefits of using the FICO Score include:

• A single credit score to help lenders make credit decisions across both traditional credit products and microlending, including mobile loans

• Rapid approval/decline decisions for new applicants, reducing friction at the acquisition stage

• Refined allocation of credit limits and loan amounts

• Consistent risk-based pricing and terms of business

• Improved risk management, giving lenders the confidence to make more credit available while controlling losses

• Greater efficiency using a single score across both traditional and digital lending channels

The FICO Score is a numerical snapshot of a consumer’s credit risk, providing a measure of their likelihood of fulfilling credit obligations. Using data from TransUnion, the model generates a score ranging from 300 to 850, where the higher scores indicate lower credit risk. Each credit score comes with the top four reasons for its calculation, offering transparency and actionable insights into factors impacting the score. The score is calculated on request by the lender and uses the latest information in the TransUnion file.

“This level of transparency aids both lending officers and consumers,” said Mike Manaton, Vice President of Scores at FICO. “The FICO Score provides clear insights into the factors influencing a consumer’s score. Additionally, it enables lenders to assess applicants more accurately, tailor credit terms accordingly and enable credit access for more consumers.”

An example of the power of the FICO Score is the distribution of accounts across the score range. As shown below, the risk decreases sharply as the score rises, with consumers scoring in the highest-risk decile (300-442) representing about nine times the risk of consumers scoring in the lowest-risk decile (682-850).

According to TransUnion’s Q2 2024 Consumer Pulse Study, financial inclusion in Kenya continues to improve. Its insights showed that 36% of consumers felt they had sufficient access to credit compared to 33% who felt the same a year ago. The increase in financial inclusion is noteworthy because well over half (60%) of consumers said they were considering applying for new or refinancing existing credit within the next 12 months.

“We welcome this global innovation in Kenya and are confident that the industry will adopt these solutions to drive the country’s financial inclusion agenda. Financial inclusion remains a key focus for the industry, as it is essential for fostering economic growth and empowering communities. By embracing these new technologies, we can ensure broader access to financial services, in turn supporting sustainable development and prosperity for all,” said John Gachora, Chairman of the Kenya Bankers Association (KBA).

 Discover more about CreditVision Variables here and the FICO Score here.

February 12th Bitfinex alpha | Tether will work with Reelly Tech to introduce payments with Stablecoin USDT in real estate transactions.

Bitcoin passed a price range of $91,000 to $102,000, extending the accumulation phase as global geopolitical tensions increased.

However, the action that fluctuates within this extension reflects an increase in Bitcoin’s maturity as a property, with the actual annual fluctuations reaching record lows. However, the BTC is extremely sensitive to macroeconomic development, especially after Trump’s tax notices target Mexico, Canada and China.

BTC/USD 6-hour chart. (Source: Bitfinex)

Recent trends indicate that BTC is viewed as an increasingly “dangerous” asset than pure value storage. The correlation with the S&P 500 remains strong, and its relationship with gold is weakening. Bitcoin has increased 3.5% since the beginning of the year, but gold has risen 9%, reaching a new high at $2.880 per ounce. The rising gold price added $1.5 trillion to its market capitalization this year, far surpassing Bitcoin’s $66.5 billion increase. This difference is motivated by transactions purchased from national asset organizations and funds, largely ignoring Bitcoin due to concerns about regulations and fluctuations.

However, there may be changes. Currently, a Bitcoin ratio of over $196 is held by ETF funds, private companies, listed companies, and even countries. As central banks are increasing the risk of money supply and legal currency depreciation, the talk of fixed supply of Bitcoin is becoming more appealing than ever.

It predicts vibrational behavior within the organizer’s range will continue in the short term and has the ability to withstand pressure if macro conditions deteriorate. But in our perspective, even when gold continues to increase and the organizational psychology for Bitcoin’s change continues to increase, the long-term vision of Bitcoin’s valuable storage value is unharmed .

Overview of employment opportunities and labor rotation in the United States

Data will affect future central bank decisions. The US job market shows signs of slowing down in January, creating 143,000 new jobs, but increased adjustments from data from past few months that have strengthened labor market sustainability. The unemployment rate is stable at 4%, reflecting the stable workforce supported by immigrant growth. Salaries in January increased by 0.5% and 4.1% per year, continuing to promote consumer spending, with the main factor promoting economic activity.

However, increased labor costs and lower productivity growth could contribute to inflationary pressures, complicating Federal Reserve’s interest rate decisions. Meanwhile, after a 30-day tax suspension order, trade tensions between the US and Canada will be temporarily eased, but as the trade dispute has not been resolved, the instability is still there, interrupting the supply chain. , can boost consumer prices.

Job growth is declining, unemployment benefits increase, and trade risks continue to cause instability in the future economic outlook. Workforce dynamics for the coming months.

The cryptocurrency industry is still optimistic. After SEC President Gary Jensler left the office, there has been a wave of ETF approvals related to cryptocurrency, with over 45 operational applications. ). The SEC will focus on assessing these applications based on market stability, particularly liquidity and operational capabilities. At the same time, the Future Products Committee (CFTC) is also promoting regulations debate, organizing CEO forums under big names such as Circle, Coinbase, and Ripple.

The purpose of this initiative is to gather opinions on Stablecoin Management and collateral pilot programs, reflecting efforts to build a structured monitoring framework in the digital property space.

Once progress is discussed, the application of cryptocurrency continues to expand into traditional industries. In the United Arab Emirates, we have collaborated with Reelly Tech to introduce payments with Stablecoin USDT in real estate transactions. This cooperation coincides with the growing reputation of the UAE as a global cryptocurrency centre, where sales of “off-plan” real estate have soared to reflect investors’ strong interest.

Regarding recovery, FTX has announced its initial distribution plan for creditors after the recombination plan under Chapter 11 was approved. Payments will be launched on February 18, 2025 via Bitgo and Kraken, marking important milestones in efforts to compensate for the damage to affected customers. The asset recovery process is still happening, but this is a positive signal when dealing with the consequences of FTX collapse.

Wishing you a new successful trading week!Don’t forget to follow the bitfinex Vietnam Community telegram, Twitter & Facebook To update articles, information and events as soon as possible!

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