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Hong Kong Firm Adds $483 Million to Bitcoin Treasury
Hong Kong Firm Adds $483 Million to Bitcoin Treasury

Hong Kong’s Ming Shing Group will acquire 4,250 Bitcoins for $483 million through convertible notes and warrants, aiming to diversify assets, capture digital currency gains, and complement its construction services business in Hong Kong and beyond.

BeInCrypto·2025/08/20 21:00
Fed Says Bank Employees Should Hold Minimal Crypto
Fed Says Bank Employees Should Hold Minimal Crypto

TheCryptoUpdates·2025/08/20 19:55
Flash
  • 01:17
    The ETH whale who previously borrowed coins to short ETH now appears to have switched to going long, having withdrawn 144,255 ETH from a certain exchange.
    According to ChainCatcher, on-chain analyst Yu Jin monitored that the whale/institution who borrowed 66,000 ETH to short on October 20 and bought back to repay yesterday, making a profit of $24.48 million, now appears to have turned bullish: from last night to this morning, he transferred a total of $482 million USDC into a certain exchange, and then withdrew 144,255 ETH from the exchange, with an average price possibly around $3,341. These USDC were the collateral for his ETH short last month: at that time, he withdrew $700 million USDC from a certain exchange and used it as collateral on Aave to borrow 66,000 ETH for shorting. After repaying the ETH yesterday, he retrieved the USDC collateral and started buying ETH.
  • 01:17
    South Korean exchanges activate circuit breaker for KOSPI index, programmatic trading suspended for 5 minutes
      ChainCatcher news, the Korea Exchange activated a circuit breaker on the KOSPI index after the KOSPI 200 futures fell by 5%, suspending program trading for 5 minutes.
  • 01:04
    US stock valuations questioned, Asian stock markets generally decline
    ChainCatcher News, according to Golden Ten Data, Asian stock markets followed the overnight sell-off in U.S. stocks on Wednesday, as investor concerns over excessive valuations weakened market confidence. The MSCI Asia-Pacific Index fell by 1%, with the South Korean stock market leading the decline, dropping more than 4%. Chris Weston, Head of Research at Pepperstone Group, stated that the market lacks short-term catalysts and there are few reasons to buy. The CEOs of Morgan Stanley and Goldman Sachs questioned the sustainability of sky-high valuations, intensifying market concerns about an overinflated stock market.
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