Odaily Planet Daily reports that the Hong Kong Gold Exchange held a New Year opening ceremony for the Bingwu Year yesterday. During his speech, Chairman Zhang Dexi stated that the Hong Kong Gold Exchange has officially partnered with a subsidiary of Alibaba Group to develop a digital commodities blockchain, as well as an international precious metals trading platform and clearing and settlement system. These systems will unify risk control and regulation for Hong Kong’s spot, futures, digital gold, B2C transactions, actuarial centers, and over-the-counter (OTC) trading. The construction is expected to be completed within six months, and there is hope to connect with the “Hong Kong Gold Central Clearing System” established by the SAR government. (Hong Kong Wen Wei Po)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Aave, Kelp, LayerZero seek $71M frozen ETH release on Arbitrum
A coalition of major DeFi protocols filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support DeFi United, a cross-protocol relief effort organized following the $292 million Kelp DAO exploit. Aave Labs l
CryptoFrontier4h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
Key Insights
XRP maintains weekly strength above major cryptocurrencies as price holds above key EMAs, reflecting sustained momentum despite minor daily declines in trading sessions.
XRPL validators advance lending upgrades through XLS-65 and XLS-66, introducing pooled liquidity vaults and f
CryptoNewsLand5h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand5h ago
Charles Hoskinson Launches Midnight With $250M in Tokenized Deposits From Monument Bank
Gate News message, April 25 — Charles Hoskinson, founder of Cardano, has launched Midnight, a privacy-focused blockchain project, with approximately $250 million in tokenized deposits from Monument Bank. The partnership represents a significant institutional collaboration aimed at integrating blockc
GateNews8h ago
JPMorgan ETF Trend Report: API-ification, Active Management at 83%, Tokenization Split into Two Paths—Synthetic and Native
JPMorgan Chase’s report highlights three major trends: 1) AP’s API automated trading accounts for about 50% of top-tier market traffic; 2) in 2025, actively managed ETFs make up 83% of new issuance, and are expected to become mainstream in 2026–27; 3) tokenization splits into two paths: synthetic (mirroring prices through derivatives) and native (issued on the blockchain). The report emphasizes improving transparency and governance with tools such as Athena, and monitors subsequent follow-through and the timeline toward formal productization.
ChainNewsAbmedia8h ago
Drift Product Lead Minh Don Plans Relaunch of Forked Exchange in May or June
Gate News message, April 25 — Drift Protocol's product lead Minh Don announced plans to relaunch the forked exchange in May or June, according to a statement made on the official Discord server. The team will spend several weeks optimizing the codebase, removing and adding features that, while
GateNews9h ago
