Hong Kong's crypto assets related stocks experienced a general pump today (8th), and the market generally believes this is related to the optimistic attitude towards the upcoming stablecoin licensing system in Hong Kong. With the Stablecoin Regulation set to officially take effect on August 1, Hong Kong has taken a key step in the regulation of virtual assets. This not only provides a clear compliance path for stablecoin issuance institutions but also injects new vitality into the Hong Kong crypto market.

Gate News bot news, informed sources reveal that Ant Group Co.'s international department is planning to apply for a stablecoin license in Singapore and Hong Kong. The sources stated that Ant International, headquartered in Singapore, will immediately apply for a stablecoin issuer license in Hong Kong after the "Stablecoin Regulation" comes into effect in August. They added that, in addition to Singapore, the company also plans to apply for a license in Luxembourg.

The Open Ant global launch ceremony held in Bangkok successfully concluded, showcasing cutting-edge technological achievements such as the Star Chain project, DePIN, brain-computer interface, and launching a dual-token structure to promote decentralized governance and wealth sharing. The event has inspired a deep understanding and discussion of decentralized governance, sharing economy models, and open source technology worldwide.

BlockBeats news, on October 24th, according to Lookonchain monitoring, a trader spent 3,396 SOL (approximately $587,000) to purchase 14.7 million ANT in a single transaction. Less than 40 minutes later, the trader capitulated and sold all of them at a price of only 773 SOL (approximately $134,000). Within less than 40 minutes, a loss of 2,623 SOL (approximately $45,400) occurred.

According to Onchain Lens monitoring, a trader bought 14.69 million ANTs worth $593,000 in one hour, and then sold them for 773 SOLs (worth $135,000) in half an hour, resulting in a loss of $458,000. He also bought 3.55 million ANTs from another wallet at a price of 240 SOLs (41,928 U.S. dollars), and then sold them at a price of 110 SOLs (19,136 U.S. dollars), losing $22,792.

According to official sources, Aragon, a Decentralization governance solution, has released an update that introduces free on-chain voting and integrates LayerZero V2 to aggregate voting on the voting chain, utilizing ZKsync's native account abstraction and txSync's Tsuko payment main function to subsidize voting gas for DAO members.

Taiko announced the launch of Taiko DAO, built in collaboration with the Aragon Project, adopting a multi-threshold multi-signature governance structure and an optimistic governance mechanism to ensure the security and flexibility of decisions. Proposals will enter a veto period for community review and will be executed 7 days later after latency.

The US government is selling about $974,000 worth of ANT Tokens confiscated from Alameda Research. Meanwhile, the Swiss non-profit organization Aragon Association has voted to sell 86,343 ETH for $155 million in exchange for ANT Tokens, and has requested users to exchange them before November 2, 2024, after which all ANT Tokens will be destroyed.