1. Paypal to launch global hackathon with 40,000 PYUSD prizes

HashKey Group's OTC trading department is the latest cryptocurrency company to obtain a payment license from the Monetary Authority of Singapore. The license was launched based on the 2019 Payment Services Act, allowing companies to provide "digital payment tokens" services in Singapore.

Huang Yongxin, a partner at HashKey Capital, said that they are actively exploring the direction of Ether spot ETF and staking, hoping to bring more investment methods to retail and institutional investors and release capital liquidity. She also said that HashKey Capital will communicate with regulatory authorities about the feasibility of launching products in Hong Kong and will be prepared to provide the best product solutions. According to an industry insider, existing technology can already support staking, but the main issue is regulatory risk control, such as the risk and responsibility of staking interest preservation. Bloomberg previously reported that the Hong Kong Securities and Futures Commission is considering allowing Ether spot ETF staking. After submitting a plan in the past few weeks, they have discussed with relevant ETF issuers about staking through licensed platforms, but there is no clear timetable yet. If the Ether ETF staking is approved, it may drive the demand for Hong Kong virtual currency ETFs and lead the progress ahead of the United States again.

According to an official announcement, HashKey Global has announced an adjustment to the rules for the Genesis Trading Mining Competition. Starting from April 29th, for Activity One (Trading Mining), the original rule of "calculating only the first 100 orders placed by a single customer per day" has been changed to "calculating only the first 60 orders placed by a single customer per day". Starting from May 6th, for Activity One (Trading Mining), the original rule of "the daily HSK reward limit for a single customer is 500 HSK" has been changed to "the daily HSK reward limit for a single customer is 300 HSK".

HashKey Global has announced the opening of spot trading for multiple tokens and officially opened the application channel for listing. Project tokens can be submitted for application through their Google form, and the HashKey Global token review team will conduct a multidimensional review of project background, community size, products, token economic model, and more. After passing the review, the HashKey Global team will contact the project. In addition to direct listing, HashKey Global will soon launch compliant LaunchPad (token sales and initial offerings), LaunchPool (new coin mining and initial offerings), and other listing activities. Note: HashKey Global and HashKey Exchange have completely independent listing review systems and processes, and evaluation criteria may also be different.

According to reports, Hong Kong licensed cryptocurrency exchange HashKey has completed product functionality and related infrastructure services for a potential Hong Kong spot Bitcoin ETF. It is reported that Hong Kong may approve such ETFs as early as next week.HashKey Exchange CEO Livio Weng stated that the fund issuers working with HashKey have completed the development of their spot Bitcoin ETFs. HashKey will provide infrastructure support for the ETF and has entered the "integration and functional testing" phase."As a fund provider applying for ETFs in Hong Kong, HashKey provides underlying infrastructure support, covering trading, custody, and SSA aspects," Weng added. HashKey's custody business has been operating steadily for more than a year, with custody assets exceeding HKD 2.2 billion (USD 280.7 million).HashKey did not disclose the asset management company it is working with. (The Block)

HashKey Capital, an institutional-grade virtual asset management company, has officially announced that it has obtained an exemption from the Securities and Futures Commission (SFC) of Hong Kong for the qualified investor clause in its existing asset management (Type 9) license for HashKey Capital Limited. As one of the first virtual asset management companies to upgrade its license, HashKey Capital Limited will be able to provide fund product services related to virtual assets for retail investors in the future (specific products require final approval from the SFC). Deng Chao, the head of HashKey Singapore and CEO of HashKey Capital, said: "This license upgrade demonstrates our firm commitment to regulatory compliance and safeguarding the rights and interests of investors. This not only reflects our leading role in the industry, but also provides retail investors with a professional, trustworthy, and regulated platform to participate in capturing high-growth opportunities in the virtual asset market." In addition, this license upgrade will also bring new product categories, open up new markets and opportunities for HashKey Capital, and expand its influence in the field of virtual asset management. This is consistent with HashKey Capital's strategic vision of providing diversified investment solutions to adapt to the constantly evolving virtual asset market. Previously, on April 6th, HashKey Capital announced a strategic partnership with Bosera International, aiming to promote innovation and industry growth. With the recent license upgrade, this cooperation is expected to pave the way for joint research on innovative fund products, including spot ETFs, and bring new investment opportunities to retail investors.

HashKey Capital officially received an exemption from the Securities and Futures Commission (SFC) of Hong Kong for the qualified investor clause in its existing asset management (No. 9) license. As one of the first virtual asset management companies to upgrade such a license, HashKey Capital Limited will be able to provide fund product services related to virtual assets for retail investors in the future (specific products require final approval from the SFC). Deng Chao, Head of HashKey Singapore and CEO of HashKey Capital, said that this license upgrade proves our firm commitment to regulatory compliance and protecting investor rights. This not only demonstrates our leading role in the industry but also provides a platform for retail investors to participate in capturing high-growth opportunities in the virtual asset market through a professional, trustworthy, and regulated channel.

HashKey Group has established a strategic partnership with CoinDesk Indices, and the two parties have signed a memorandum of understanding (MOU) to promote cooperation and mutual support between entities, with the aim of improving the transparency, accessibility, and complexity of the cryptocurrency market. CoinDesk Indices plans to collaborate with HashKey Group to develop market data solutions that better meet the needs of Hong Kong, and CoinDesk Indices will assist HashKey Exchange in providing token listing support, such as proposing an index that supports the token eligibility requirements of digital asset exchanges under the Hong Kong Virtual Asset Trading Platform (VATP) regulatory framework.

HashKey Capital announced that AppChain Day will be held in Hong Kong on April 4th on the X platform. HashKey Capital is a co-organizer. It is reported that the summit aims to showcase innovative application chains in the industry.