Solana Officially Announces Chinese Name 'Suǒ Lā Lā', Chinese Meme Narrative Becoming New Mainstream on Chain

Original Title: Solana Officially Announces Chinese Name "Suǒ Lā Lā", Chinese Meme Narrative Becoming New Mainstream on Chain

Article Source: Hong Kong Web3 Media Techub News

Compiled by: Nona, Techub News

TinTinLand

Fear & Greed Index: 33 (Fear)
Bitcoin Price: $110,267
BTC/ETH Spot ETF Fund Flow (10.20)
BTC Net Inflow: $60.18 M
ETH Net Outflow: $27.82 M

Hong Kong

BTC/ETH Spot ETF Fund Flow (10.20)

BTC Net Subscription: 0 BTC

ETH Net Subscription: 0 ETH

Hong Kong Exchange: Virtual Asset ETP AUM Reached HKD 8.1 Billion by End of September

Jean-Francois Mesnard-Sense, Senior Vice President of the Hong Kong Exchange's Securities Product Development Department, stated in an interview that the liquidity of Hong Kong's ETF market has ranked third globally, with an average daily turnover of nearly HKD 38 billion by the end of September this year.

Paul Chan: Stablecoins and Other Digital Assets Have Development Potential, International Cooperation Needed to Manage Risks

Hong Kong Financial Secretary Paul Chan pointed out in his latest blog post "From New York to Washington" that during the IMF and World Bank Group annual meetings, member economies recognized that the influence of digital assets is rapidly expanding, and related blockchain technology has many real-world application scenarios, especially in promoting regional trade and addressing cross-border settlement efficiency and pain points. Among them, stablecoins and other digital assets have considerable development potential, and international cooperation should be strengthened to prudently manage the risks they pose to financial system stability.

Ant Group and JD.com Suspend Stablecoin Plans, Where is Hong Kong's Stablecoin Policy Heading?

My personal judgment is that the greater value of the digital yuan lies in promoting the internationalization of the renminbi, and Hong Kong is highly likely to become an important promotion window. In the future, the Hong Kong dollar issuance mechanism may present a new pattern similar to a "dual-track system"—while maintaining the existing 100% US dollar reserve, gradually increasing the proportion of assets such as the digital yuan to form a more diversified reserve structure.

Selected Hong Kong Events for October 2025

We have specially compiled a list of noteworthy events in Hong Kong's crypto sector for October, which will open a window to the future of Web3 for you.

DAT

US-Listed DAT Company AVAX One Receives $21 Million Investment from M2 Capital

UAE investment institution M2 Capital announced a $21 million investment in US-listed DAT company AVAX One. The company stated in a release that this move is to support Avalanche's development and the adoption of regulated digital assets in the Middle East.

Regulation/Macro

South Korea Financial Services Commission: In Principle, Stablecoin Interest Payments Will Be Prohibited, Bill to Be Submitted Within the Year

Lee Eok-won, Chairman of the South Korea Financial Services Commission, responded to a query from a People Power Party lawmaker stating that "interest payments must be prevented in any form" by saying: "In principle, stablecoin interest payments will be prohibited." Lee Eok-won stated that the US "Genius Act" prohibits interest on payment and settlement stablecoins held or used, and South Korea will also adopt this principle.

Insider Testifies That MIT Graduates Allegedly Planned $25 Million Cryptocurrency Theft

MIT graduate brothers Anton Peraire-Bueno and James Peraire-Bueno allegedly planned for months a scheme called "Omakase" aimed at manipulating the Ethereum MEV-Boost protocol and profiting $25 million from it.

Japan Financial Services Agency Considers Allowing Local Banks to Purchase and Hold Crypto Assets for Investment Purposes

The Japan Financial Services Agency (FSA) will begin considering a system reform to allow banks to purchase and hold crypto assets such as Bitcoin for investment purposes. The agency also plans to implement certain regulatory measures to ensure the financial soundness of banks. This matter will be discussed at an upcoming Financial Services Committee working group meeting. Additionally, the FSA will consider allowing bank groups to register as "cryptocurrency exchange operators."

Federal Reserve to Hold Payment Innovation Conference on October 21, Chainlink and Other Industry Representatives to Attend

The Federal Reserve will hold a conference on payment innovation on October 21 local time. The agenda shows that cryptocurrency industry representatives such as Chainlink, Paxos, Circle, and Coinbase will attend the meeting. Discussion topics include the connection between traditional finance and digital assets, stablecoin use cases and business models, AI in payments, and tokenized products.

Project/Company Updates

BlackRock iShares Bitcoin ETP Lists on London Stock Exchange

BlackRock iShares Bitcoin ETP is now listed on the London Stock Exchange, physically backed by Bitcoin held through Coinbase.

Coinbase: Team Handling Access Issues Due to AWS Outage, All Funds Safe

Due to an AWS outage, many users are currently unable to access Coinbase. The team is handling this issue and will provide updates promptly. All funds are safe.

Informed Sources: Polymarket May Issue Token in 2026

Polymarket plans to launch its own native crypto token, but it may not be released until next year. Informed sources revealed that Polymarket plans to issue the token after re-establishing its footing in the US market. Polymarket CEO Shayne Coplan added "$POLY" in a post on X in early October, possibly hinting at a token launch, sparking community speculation.

Mt. Gox Three-Phase Repayment Deadline Until October 31, Remaining Approximately 34,689 Bitcoin May Enter Market in Stages

The Mt. Gox trustee must complete the three-phase process of basic Bitcoin creditor repayment, early lump-sum repayment, and interim repayment by October 31. Currently, about 34,689 Bitcoin remain in associated wallets, with Bitcoin and Bitcoin Cash distributed via Bitstamp, Kraken, or cash, and some through BitGo custody. Historical data shows about 64.1% of funds were transferred to CEX; if applied to the remaining balance, the worst-case scenario is about 22,253 Bitcoin entering exchanges simultaneously, with potential selling pressure of about $2.4 billion. Kraken and Bitstamp processing windows are up to 90 days and 60 days respectively, so actual deposits will be staggered in batches, and may also avoid order books via custody or OTC routes.

Depth & Foresight

Crypto Prices Retreat, Market Competition Intensifies, 2025 Crypto Is Too Tough

Since "Black Friday", approximately half of crypto traders have lost all their assets, and many of them may never return to the trading market. While a successful trade means someone else's loss, in this event, funds flowed to exchanges, which also means that both retail and professional traders have become poorer.

Understanding the Risks and Countermeasures of "Self-Money Laundering" Criminal Offenses

The core of avoiding the "self-money laundering" trap lies in not touching funds of unknown origin, ensuring that fund handling is natural and reasonable, including never using others' accounts for receipts and payments, avoiding transactions that significantly mismatch one's income and spending habits, while handling cash cautiously to prevent concealing fund flows through dispersed deposits or frequent transfers.

Viewpoints

Viewpoint: Gold Rises But Still Has Room to Grow

Long Bitcoin: Personally, I believe de-dollarization is more favorable for Bitcoin than other altcoins. And after the recent "1011" crash, it's clear that Bitcoin is the only asset with real order book liquidity and buying support, and currently Bitcoin dominance seems to be in an upward trend.

Viewpoint: From a Macro Perspective, the Real Crypto Bull Market Has Not Yet Started

My judgment is: the real bull market has not yet started and is expected to begin in Q2 2026. By then, the Fed is highly likely to lower interest rates to sufficiently low levels, the US housing market will gradually "thaw", and stagnant liquidity will flow back into risk assets.

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