Techub News, according to WuBlockchain, Hong Kong licensed virtual asset exchange HashKey Exchange has listed the native token HYPE of DeFi protocol Hyperliquid on May 14, 2026, and opened over-the-counter (OTC) trading services. HashKey Exchange is operated by Hong Kong-listed company HashKey Holdings Limited (3887.HK) and is the largest licensed virtual asset trading platform in Hong Kong. Hyperliquid is a decentralized finance protocol focused on derivatives trading, attracting market attention for its high-performance order book and on-chain transparency features.

Techub News reports, according to the Hong Kong Economic Times, that Anchor Point Financial (a joint venture established by Standard Chartered Hong Kong, HKT, and Animoca Brands) has announced that it has completed a transfer test of the Hong Kong dollar stablecoin HKDAP (HKD At Par) on the Ethereum mainnet, in collaboration with OSL Group (00863) and Futu's licensed platform "Cheetah Trading." The test covered the conversion of fiat Hong Kong dollars into reserve assets, stablecoin minting, and the transfer process. All HKDAP is fully backed by reserves, and redemptions have been completed.The parties stated that HKDAP is planned to be issued in phases starting from the end of the second quarter of 2026. OSL will provide liquidity and payment infrastructure support, while Cheetah Trading will leverage its institutional-grade trading capabilities to jointly promote the development of a compliant Hong Kong dollar stablecoin and digital asset ecosystem. Project goals include enhancing cross-border payment efficiency, expanding fiat-to-digital asset exchange channels, and facilitating the implementation of tokenized financial applications.

Techub News reports, according to CryptoBriefing, that Bhutan's special economic zone, Gelephu Mindfulness City (GMC), has launched a fast-track licensing channel for crypto enterprises. This channel is open to companies that have already obtained regulatory approval in Singapore, Hong Kong, or the Abu Dhabi Global Market, integrating company registration, regulatory approval, and banking access services. The economic zone offers a potential zero corporate income tax rate for priority industries and provides green energy support leveraging Bhutan's abundant hydropower resources. This initiative aims to attract cryptocurrency exchanges, fintech startups, and blockchain infrastructure providers, streamlining the due diligence process by utilizing the credibility of existing regulatory bodies.

Techub News, according to CryptoBriefing, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced on May 11 the sanctioning of three individuals and nine companies, accusing them of using front companies based in Hong Kong, the United Arab Emirates, and Oman to assist Iran in shipping oil to China and providing financial support to the Islamic Revolutionary Guard Corps (IRGC). Last week, the department sanctioned ten entities that supplied arms and drone components to Iran. Although this round of sanctions does not involve cryptocurrency companies, the Treasury Department pointed out that any agreement handling transactions with sanctioned entities faces compliance risks. The agency previously sanctioned the decentralized protocol Tornado Cash in 2022.

Techub News, according to CryptoBriefing, Hong Kong-listed gaming company Boyaa Interactive issued a profit warning, expecting a net loss of HK$470 million to HK$500 million in Q1 2026, a year-on-year increase of 110%-120%, primarily due to the decline in Bitcoin prices causing a reduction in the fair value of its cryptocurrency assets.

Techub News message: Today, the Hong Kong Legislative Council held a closed-door seminar on digital asset tokenization, inviting multiple licensed institutions from the industry to participate. It is understood that the attending institutions include licensed stablecoin issuers, digital asset exchanges, digital asset ETF issuers, asset management institutions, etc., mainly to provide forward-looking professional opinions for the "Five-Year Plan" recently promoted by the Hong Kong Special Administrative Region Government.

Techub News, citing Cointelegraph, reports that the Hong Kong Monetary Authority has warned that tokens using the codes "HKDAP" and "HSBC" are not issued by or affiliated with a licensed stablecoin issuer. The authority stated that as of April 28, no licensed entity has launched a regulated stablecoin.

Techub News消息，据SoSoValue数据，昨日香港比特币现货ETF净申购9.35枚，以太坊现货ETF无净申购与净赎回；目前香港比特币现货ETF资产持有总量约4010枚，总净资产约3.11亿美元；香港以太坊现货ETF资产持有总量约30130枚，总净资产约6989万美元。

According to Techub News, Fu Peng, Chief Economist of New Huo Group, delivered a speech at the 2026 Hong Kong Institutional Digital Wealth Management Summit Forum. He stated that the integration of traditional financial institutions with the crypto asset market will herald the arrival of a new era for the market. The participants who can truly shape the future are those who swiftly complete their transformation at critical turning points. Using the simultaneous rise of the Cold War, the oil crisis, and computer and semiconductor technologies in the 1970s and 1980s as an example, Fu Peng pointed out that technological progress and global order turbulence often go hand in hand, with risks and opportunities always coexisting. He believes that AI and data computing power are now widely recognized as the core productive forces of the next era, signifying that the "first half" of the crypto industry has essentially concluded, and the industry is currently at a critical stage of reconstruction and rebirth. Looking ahead, Fu Peng predicts that stablecoins will assume payment functions, while Bitcoin will evolve into a core asset possessing both value storage and financialized trading attributes, marking the imminent opening of a brand-new chapter for the era.

Techub News reported, according to Reuters, that Hong Kong-listed company Bitfire Group (1611.HK) announced on April 22 that it will acquire the investment team and trading system of Li Lin's family office Avenir Group for $1.6 million. Li Lin is the largest shareholder of Bitfire Group. Bitfire Group CEO Livio Weng stated that after the acquisition is completed, the company plans to launch a Bitcoin-denominated asset management service named "Alpha BTC," aiming to attract investments exceeding 10,000 Bitcoins (valued at approximately $760 million) within one year. This strategy will generate returns through derivative trades such as options, using Bitcoin or the IBIT ETF as underlying assets. Target clients include crypto-native investors and local Hong Kong enterprises. According to Bitfire's estimates, at least 40 Hong Kong-listed companies hold Bitcoin. Avenir Group has become the largest Bitcoin ETF investor in Asia since 2024, holding 18.3 million shares of BlackRock iShares Bitcoin Trust by the end of 2025, valued at $908 million.