PA Daily | HSBC Hong Kong allows its customers to buy and sell virtual asset ETFs listed on the Hong Kong Stock Exchange; Azuki Elementals will be publicly available on June 28

Today's news tips:
1. Fed’s Bowman: Clear regulatory rules should be formulated for new banking activities involving digital assets
2. Azuki Elementals will be publicly available on June 28, with a total supply of 10,000
3. Curve will support WETH as collateral to mint crvUSD, with a debt ceiling of 200 million crvUSD
4. Shanghai: Use blockchain and other technologies to improve the circulation mechanism of industry data resources
5. HSBC Hong Kong today allows its customers to buy and sell virtual asset ETFs listed on the Hong Kong Stock Exchange
6. Data: Huang Licheng sold more than 50 BAYC in recent days and bought 14 BAYC on Sunday
7. Velo Labs completes $10 million financing, DWF Labs participates in the investment
8. Data: OP tokens worth more than $32 million will be unlocked this week
Regulatory News
Fed's Bowman: Clear regulatory rules should be formulated for new banking activities involving digital assets
“One area of ​​particular concern is the current regulatory approach to novel banking activities, which leaves financial institutions in a supervisory vacuum,” said Federal Reserve Governor Michelle W. Bowman at the Global Symposium in Salzburg, Austria. “While some efforts have been made to provide guidance, there remains significant uncertainty about the permissibility of and supervisory expectations for these activities, including banking as a service, digital assets, and other novel activities. This puts banks in the dangerous position of relying on general but non-binding statements from policymakers only to be criticized sometime in the future. The lack of a clear regulatory and supervisory approach creates the risk that regulators may impose new requirements and expectations on these activities after the fact and, for some first movers, after significant investments. If our role is to be effective in supervision and regulation, we must be willing to engage with novel activities as well as traditional ones.”
NFT
Azuki Elementals will be publicly sold on June 28, with a total supply of 10,000
According to official news, the Azuki Elementals public sale will start at 0:20 on June 28th, Beijing time. Each wallet can mint up to 3 Elementals. The public sale will be conducted in the form of a Dutch auction with a starting price of 2 ETH. The total supply for sale in all stages is 10,000. According to previous news, Azuki will launch the Azuki SBT series NFT Elementals on June 27, and the pre-sale will start at 0:00 on June 28th, Beijing time. Both Azuki and BEANZ holders can receive 1 Soulbound Token (SBT) airdrop.
Project News
DeFi yield aggregator Autofarm claims to have experienced a hostile takeover at the beginning of the year and will shut down the project
DeFi yield aggregator Autofarm tweeted, “Earlier this year we went through a (hostile) takeover by a new owner. Now, as most of you have known for some time: unfortunately, we have to say that it’s over.”
One Twitter user asked: "New takeover completed, albeit hostile?" Autofarm responded: "Yes, the acquisition was completed some time ago, but Autofarm discovered that the acquirer is the same fraud group as the acquirer of Neblio and other projects."
Earlier in January this year, it was reported that Autofarm completed US$5 million in private equity financing, but the financing details were not disclosed.
Curve will support WETH as collateral to mint crvUSD, with a debt ceiling of 200 million crvUSD
According to the relevant voting page information, the Curve community has voted to pass Proposal No. 428, which plans to deploy a WETH market with a debt ceiling of 200 million crvUSD, which means that Curve will support WETH as collateral to mint crvUSD. According to the proposal, the security parameters of the new stablecoin market are the same as those of the pledged ETH market.
NEAR Foundation and Alibaba Cloud Partner to Accelerate Web3 Development in Asia and the Middle East
According to CoinDesk, the NEAR Foundation announced that it is working with Alibaba Cloud to accelerate the development of Web3 in Asia and the Middle East. This collaboration enables the NEAR Foundation to access Alibaba Cloud's developer ecosystem in Asia and the Middle East to attract more developers to develop based on the NEAR protocol. Developers who want to launch new NEAR validators will be able to do so through Alibaba Cloud's "plug and play" infrastructure as a service. The NEAR Foundation and Alibaba Cloud will provide remote procedure call (RPC) services to developers and users in the NEAR ecosystem.
The report mentioned that Alibaba recently announced the appointment of Joseph Tsai as the new chairman of the board. Joseph Tsai has been an active Web 3 investor and has signed multiple agreements with crypto-related entities.
OPNX: Developing platform credit currency oUSD, RWA rewards for OX stakers are now online
Open Exchange, a crypto claims and trading platform founded by Zhu Su, the founder of Three Arrows Capital, and others, said on Twitter that the platform is developing the platform credit currency oUSD, which will serve as the margin and profit and loss currency for all futures contracts on OPNX.
The oUSD whitepaper states that oUSD provides traders with credit/loan facilities collateralized by their assets, without being limited by the amount of stablecoins provided by the lender, and without affecting the solvency of the exchange in the process. oUSD is about to launch its first phase, and users will be able to purchase unlimited oUSD from the protocol at a 1:1 price with USDT. oUSD is not guaranteed to be redeemable for 1 USDT at all times; instead, the market mechanism is for participants who believe in their capital size to help provide liquidity and cash out when the USDT redemption quota is available again.
Additionally, OPNX announced that Real World Asset (RWA) rewards for OX stakers have gone live, the first Justice tokens have begun issuance, and the first weekly distribution to OX stakers has taken place.
Gemini: Voyager customers can create a Gemini account to withdraw cryptocurrencies
Crypto exchange Gemini tweeted that customers affected by Voyager's bankruptcy can create a Gemini account before July 23 and withdraw their cryptocurrencies according to the claim distribution process. According to previous news, Voyager will reopen to customers between June 20 and July 5, and creditors can withdraw about 35% of their cryptocurrencies during this period.
Shanghai: We must use blockchain and other technologies to improve the industry data resource circulation mechanism
Gong Zheng, deputy secretary of the Shanghai Municipal Party Committee and mayor, presided over the executive meeting of the municipal government today. The meeting agreed in principle to the "Action Plan for Promoting the Innovative Development of the Data Factor Industry Based on the New Track of Digital Economy (2023-2025)" and pointed out that it is necessary to actively track the development trend of the digital economy and promote the high-quality development of the data factor industry. We must improve "efficiency", make every effort to create a new highland for industrial development, and continue to exert efforts in product supply, scenario application, and digital business development. We must strengthen "empowerment" and vigorously promote the sharing and governance of public data. The top priority is to accelerate the release of data dividends, improve the classification and classification guidelines, and encourage enterprises to participate in open applications; we must use blockchain and other technologies to improve the circulation mechanism of industry data resources. We must increase "potential", continue to optimize the industrial development environment, benchmark high-standard international economic and trade rules, strengthen the construction of data standards and specifications, deepen the management of data classification and classification, and improve the personal information protection mechanism.
HSBC Hong Kong today allows its customers to buy and sell virtual asset ETFs listed on the Hong Kong Stock Exchange
According to Wu, HSBC, the largest bank in Hong Kong, today allowed its customers to buy and sell virtual asset ETFs listed on the Hong Kong Stock Exchange. It is also the first bank in Hong Kong to allow customers to buy and sell virtual asset ETFs listed on the Hong Kong Stock Exchange. This move will expand the exposure of local Hong Kong users to cryptocurrencies. Currently, the cryptocurrency ETFs listed in Hong Kong include CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.
At the same time, HSBC has launched the Virtual Asset Investor Education Center. Before investing in any virtual asset-related products through the HSBC Hong Kong Easy Invest application, HSBC Mobile Banking application and online banking, you need to read and confirm the educational materials and risk disclosures of the Virtual Asset Investor Education Center.
Gemini: Voyager customers can create a Gemini account to withdraw cryptocurrencies
Crypto exchange Gemini tweeted that customers affected by Voyager's bankruptcy can create a Gemini account before July 23 and withdraw their cryptocurrencies according to the claims distribution process.
Bank of Italy launches CBDC pilot project
According to Finextra, the Bank of Italy has launched a central bank digital currency (CBDC) pilot project called "Project Leonidas", in which 18 Italian commercial banks and the Italian Banking Association (ABI) will participate. The goal of the project is to "explore blockchain applications that promote financial stability and protect consumers." Participating banks will use shared ledgers for interbank payments to simplify the payment process.
Financing News
Velo Labs, a developer of “Web3+” financial ecosystem infrastructure, completes $10 million in financing, with DWF Labs participating in the investment
According to official news, Velo Labs, a developer of "Web3+" financial ecological infrastructure, announced the completion of a $10 million financing, with participation from digital asset market maker and investment company DWF Labs. Velo Labs mainly uses blockchain technology to create a compliant financial ecosystem, aiming to connect current global economic activities to the blockchain and promote the trustless, formless, borderless and unlimited flow of assets around the world.
Important data
Data: Over $32 million worth of OP tokens will be unlocked this week
Token Unlocks data shows that six crypto projects will unlock tokens this week, with a total release value of approximately US$38 million.
Yield Guild Games (YGG) will unlock 8,039,121 tokens at 22:00 on June 27, worth approximately $1.34 million, accounting for 0.804% of the total supply.
1inch (1INCH) will unlock 64,286 tokens at 8:00 on June 28, worth approximately $21,122, accounting for 0.004% of the total supply.
SingularityNET (AGIX) will unlock 10,125,891.1 tokens at 8:00 on June 28, worth approximately $2.46 million, accounting for 0.506% of the total supply.
Galxe (GAL) will unlock 586,666.66 tokens at 20:00 on June 29, worth approximately $800,000, accounting for 0.293% of the total supply.
Optimism (OP) will unlock 24,159,191.04 tokens at 12:00 on June 30, worth approximately $32.13 million, accounting for 0.562% of the total supply.
Acala (ACA) will unlock 27,433,333 tokens at 15:00 on July 1, worth approximately $1.32 million, accounting for 2.743% of the total supply.
Data: Huang Licheng sold more than 50 BAYC in recent days and bought 14 BAYC on Sunday
As Decrypt reported, the price of the Bored Ape Yacht Club NFT fluctuated over the weekend, with Huang Licheng initiating a series of BAYC NFT sales and subsequently purchasing several NFTs from the series.
Data from the NFT market Blur shows that Huang Licheng has sold more than 50 BAYC in total in the past few days. In a transaction just in the early hours of yesterday morning, Huang Licheng cashed out 19 BAYC on Blur in exchange for 651 Ethereum, worth about $1.2 million.
On Sunday, Huang Licheng bought 14 BAYC and purchased an NFT from the series for 41 ETH (about $77,000), and the BAYC series rebounded. According to NFT Price Floor, the current BAYC floor price is 37.29 ETH, up 8.56% from the past day.
According to previous news, Huang Licheng sold 11, 6 and 5 BAYC series NFTs on June 18, June 20 and June 24 respectively.
Data: NFT lending protocol Blend’s cumulative transaction volume has exceeded US$1 billion
Dune data shows that the cumulative transaction volume of Blend, an NFT lending protocol under Blur, has exceeded US$1 billion, now at US$1,005,809,756. In addition, Blend has cumulatively facilitated more than 70,453 loan transactions, of which the total number of active NFT loan transactions is 2,760, and the total amount of active loans is 14,932 ETH.
Data: $6.8 billion in Bitcoin and Ethereum options will expire this Friday
According to CoinDesk, this Friday (June 30), about 150,633 Bitcoin options contracts worth $4.57 billion and 1.23 million Ethereum contracts worth $2.3 billion will expire on the Deribit exchange. According to Amberdata, the Bitcoin contracts that expire and settle account for 43% of the total open interest.
CoinShares: Digital asset investment products saw a net inflow of nearly $200 million last week
According to CoinShares weekly data, digital asset investment products had a net inflow of nearly $199.1 million last week, the largest single-week net inflow since July 2022. Among them, Bitcoin investment products had a net inflow of $187.6 million, accounting for 94% of the total inflow. Ethereum investment products had an inflow of $7.8 million. Investment products that shorted Bitcoin had a net outflow of $4.9 million.
A whale deposited 12,800 ETH in Compound, borrowed 10 million USDT and deposited it in Binance
According to Lookonchain monitoring, the whale address starting with 0xD275 started to go long on ETH again by borrowing on Compound 2 hours ago. The whale deposited 12,810 ETH (about 24.4 million US dollars) on Compound, borrowed 10 million USDT and deposited it in Binance.
PANews APP points - PT (Grape) is officially launched, join Read to Earn!
PT (Chinese abbreviation Grape) is a point reward that PANews users can earn by participating in interactive activities such as reading information, sharing content, liking and collecting on the PANews website and APP. PT Grape cannot be traded or transferred, and can only be used to redeem various prizes in the PANews "Points Mall" and participate in various daily activities.
 