Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.

Gate News update: On April 11, according to monitoring by Onchain Lens, a newly created wallet withdrew 600.5k TRUMP tokens from a CEX, worth $1.72 million, and may be used to attend a Trump dinner hosted on April 25. However, this whale was unable to obtain an invitation, because eligibility is determined by a time-weighted points system based on the period from March 12 to April 10.

Trident Digital Tech Holdings and Ripple Strategy Holding have signed a strategic cooperation agreement to launch a blockchain-based tax settlement system in Africa, support cross-border payments, and plan to begin a stablecoin business pilot in 2026.

The Quantum-Safe Bitcoin (QSB) proposal put forward by StarkWare researcher Avihu Levy uses existing Bitcoin scripts to provide post-quantum security, avoiding a soft fork. QSB uses a Binohash-based construction and a “hash-to-signature” puzzle to defend against quantum computers’ attacks on elliptic curve cryptography. The scheme relies on RIPEMD-160’s preimage resistance, effectively strengthening the security of Bitcoin transactions.

Gate News message, on April 10, according to Alternative data, the crypto fear and greed index today is 16, up 2 points from yesterday’s 14, with the market’s “fear” sentiment slightly easing. The index threshold range is 0-100; based on an overall assessment of market sentiment, its components include: volatility (25%), market trading volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s share across the entire market (10%), and Google trending search analysis (10%).

Gate News message, on April 10, according to Gate market data, as of the time of publication, TAO (Bittensor) is trading at $269.80, down 16.28% over the past 24 hours. It reached a high of $341.10 and fell to a low of $248.60. The 24-hour trading volume is $14.71 million. The current market cap is approximately $2.59B. Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and earn rewards in TAO based on the value of the information they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their own needs. --- Key recent news about TAO: 1️⃣ **

Gate News update, April 9, DeFi solutions provider Enhanced Labs announced it has completed a $1 million Pre-Seed round of financing, led by Maximum Frequency Ventures, with participation from GSR, Selini, Flowdesk, and a group of angel investors. The new funding will be used to support product development and operations, while also expanding options-based yield strategies to a wider range of on-chain assets, including tokenized real-world assets.

Crypto analyst Ali Martinez says that current market volatility could provide cycle-level get on board opportunities, and has set multiple key price ranges based on on-chain data. The main support band is $63,111 to $70,685; if it breaks below, it could lead to a liquidity vacuum. In the long term, BTC is approaching its historical uptrend line, and it’s recommended to accumulate in batches.

Gate News message: According to Gate’s official announcement, Gate’s stock section has launched pre-IPO SPACEX perpetual contract trading, with USDT settlement. This contract supports 1–10x long and short operations, and the leverage ratio can be selected by the user at the time of placing the order. SpaceX was founded by Elon Musk in 2002 and is the world’s largest commercial aerospace company. This contract is set up based on SpaceX’s current pre-IPO stage, and is intended to provide market-based valuation and price discovery for its stock. The valuation unit is 1 billion; for example, if SpaceX’s company valuation is 800 billion USD, then 1 SPACEX is priced at 800 USD.

April 9 news: After TradeXYZ’s trading volume doubled yesterday, it fell back, and Hyperliquid’s overall trading volume dropped below $10 billion. Based on the current ranking of major Perp DEX trading volumes, Hyperliquid, TradeXYZ, and EdgeX occupy the top three spots.