SoSo Daily Jul. 13 | Hong Kong Secretary for Financial Services and the Treasury: Only a small number of stablecoin licenses will be issued in the first phase, and asset tokenization such as ETFs will be promoted in the future.
On July 11, a wallet address marked as "German Government" transferred 151,977 $BTC, approximately 8.87 million US dollars, to Cumberland DRW, a digital asset trader and liquidity provider.