Written by: Glendon, Techub News As the global cryptocurrency market remains sluggish and the US crypto legislation process stalls, Hong Kong is steadily advancing its virtual asset policy implementation. Yesterday, at Consensus 2026, Hong Kong SAR Chief Executive John Lee stated that Hong Kong is actively building itself into a global digital asset innovation hub. The Hong Kong government released the Digital Asset Development Policy Declaration 2.0 in June last year, and in August, it implemented the Stablecoin Ordinance, establishing a licensing system for fiat-backed stablecoin issuers. Currently, the Hong Kong Monetary Authority is processing related applications, with the first batch of stablecoin issuer licenses expected to be issued next month. The enactment of the Stablecoin Ordinance marks Hong Kong as the first jurisdiction in the world to establish a comprehensive regulatory framework for fiat-pegged stablecoins. The upcoming issuance of the first licenses,

Deep Tide TechFlow News, February 12th, according to on-chain analyst Ai姨 (@ai_9684xtpa), an investor re-entered the market after losing $531,000, opening a 9,365.68 ETH 25x leveraged long position four hours ago. The opening average price of this trade was $1,967.03, with a liquidation price of $1,735.53. Currently, this position is floating with a loss of approximately $59,000. The investor had previously gone long on ETH 10 hours ago and suffered a loss.