BTC breaks through the $110000 mark

The Hong Kong Securities and Futures Commission proposes to expand the list of restricted titles under the Securities and Futures Ordinance and the Anti Money Laundering Ordinance to include terms such as "trading platforms" and "virtual assets" to prevent unregulated institutions from misleading the public. The consultation period is until August 11th.

AiCoin monitoring, 31 BTC worth approximately $193700 were transferred to Mt Gox address 2479 minutes ago

Odaily Planet Daily News: The Hong Kong Securities and Futures Commission has launched a consultation today aimed at restricting unregulated institutions from improperly using names that may lead the public to mistakenly believe they are regulated institutions. In light of recent developments, the China Securities Regulatory Commission proposes to expand the existing list of restricted titles under the Securities and Futures Ordinance. In addition, it is suggested to extend the scope of restrictions to commonly used words with a similar meaning to "exchange", as well as words that refer to certain financial products and platforms regulated by the Securities and Futures Ordinance. The proposal will also cover titles that may imply association with existing exchanges, virtual asset trading platforms, and other similar institutions. (Golden Ten)

BlockBeats News: On June 12th, according to Bloomberg citing informed sources, Tencent Holdings Limited is studying a potential deal to acquire South Korean gaming company Nexon. Currently, it has contacted the family of Nexon's late founder Kim Jong joo to discuss the possibility of acquisition. It is reported that the Kim family is discussing and evaluating various options with advisors. According to informed sources, it is currently unclear to what extent NXC is willing to sell its stake in Nexon, and there can be no guarantee that Tencent's negotiations will lead to a transaction. The specific transaction structure has not yet been finalized. Tencent representatives did not respond to requests for comment, and both Nexon and NXC declined to comment. It is reported that Nexon, known for role-playing games such as "MapleStory", was founded in 1994 and completed its largest technology IPO in Japan in 2011. Its Tokyo listed stock has risen by over 10% this year, with a market value of approximately $15 billion. Tencent attempted to acquire Nexon in 2019 but was unsuccessful. The two had jointly developed Tencent's important revenue generating game, Dungeon&Fighter.

According to Foresight News, according to Glassnode monitoring, Ethereum's open interest contracts have just reached a historic high, surpassing $20 billion. Despite a slight correction in ETH prices from the $2800 level, market leverage continues to accumulate as traders use stablecoins to increase their leverage.