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In Brief Animoca Brands begins the stablecoin licensing process in Hong Kong. Licensing aligns with Hong Kong Monetary Authority's regulations. Stablecoin plans aim to integrate Web3 and traditional finance.




Ethereum nears a key breakout level, with $5K in sight for Q3 2025 if momentum mirrors past rallies.Ethereum Breakout Setup Taking ShapeHistorical Patterns Point HigherWhy the Next Candle Matters

Animoca, Standard Chartered, and HKT launch Anchorpoint Financial to apply for Hong Kong stablecoin issuer license.Who Is Behind Anchorpoint Financial?Why the Stablecoins Ordinance Matters

Three massive Bitgo wallets have added over $300M in ETH, raising speculation about their connection.$300M Ethereum Accumulation Shakes the MarketThe Wallets in FocusWhy This Matters for Ethereum’s Price
- 19:18Linea opens a 90-day claim window during TGE, with over 9.36 billions LINEA airdropped in totalJinse Finance reported that Linea, the Ethereum Layer2 network developed by Consensys, opened the claim for its native asset LINEA through a Token Generation Event (TGE) on Wednesday, launching a 90-day claim window that will last until December 9. This TGE includes the allocation of over 9.36 billion LINEA tokens to eligible addresses, and any unclaimed tokens will be returned to the Linea Alliance Ecosystem Fund to support the Linea and Ethereum ecosystems. The project team conducted an eligibility snapshot in July and opened a query portal last week. The team stated that users must claim using the same address that holds the LXP/LXP-L token balance. According to the previously announced allocation framework, 85% of the token supply will be distributed to the ecosystem, including 10% fully unlocked for early users and developers, and 75% for the ecosystem fund. This fund is overseen by the Linea Alliance, whose members include Consensys, Eigen Labs, ENS, SharpLink Gaming, and Status. The token has no allocation for the team or venture capital, and will not be used for on-chain governance, but rather, strategic decisions will be made collectively by like-minded institutions.
- 18:16Data: If ETH falls below $4,149, the cumulative long liquidation intensity on major CEXs will reach $2.099 billions.According to ChainCatcher, citing data from Coinglass, if ETH falls below $4,149, the cumulative long liquidation volume on major CEXs will reach $2.099 billions. Conversely, if ETH breaks above $4,581, the cumulative short liquidation volume on major CEXs will reach $1.157 billions.
- 17:34Probability of the "Crypto Market Structure Bill" Passing the Senate Increases as Bipartisan Cooperation Advances FurtherAccording to a report by Jinse Finance, crypto journalist Eleanor Terrett stated that today, the U.S. Senate Democrats released a comprehensive framework for the "Crypto Market Structure Act," sparking optimism among industry participants and some Republican leaders. There is potential for bipartisan cooperation in the Senate regarding crypto market structure reform. A coalition of 12 Democrats unveiled a detailed framework, indicating that the Democratic Party is ready to join the previously Republican-led efforts to establish clear rules for the crypto market. Cynthia Lummis, a key Republican advocate and senator, praised this bipartisan initiative. The Democratic framework is based on seven key pillars, aiming to clarify token jurisdiction, strengthen oversight of trading platforms and issuers, combat illicit financial activities and conflicts of interest, and provide regulators with more enforcement resources. These priorities largely overlap with those emphasized by Republicans. The key to a bipartisan agreement lies in the details, especially regarding differences in regulatory strictness. Republicans have traditionally favored looser regulation, while Democrats tend to support stricter rules. Previous reports indicated that the Senate Banking Committee is expected to mark up and revise the market structure discussion draft by the end of September, while the Senate Agriculture Committee will soon release a draft covering the CFTC regulatory section. The market structure bill is expected to be signed into law by President Trump before Christmas this year.