Core Viewpoint - HashKey Holdings (03887) has seen a significant decline in its stock price, dropping over 20% from its IPO price, reflecting investor concerns amid a weak cryptocurrency market [1] Financial Performance - The company reported revenues of HKD 129 million, HKD 208 million, and HKD 721 million for the years 2022, 2023, and 2024 respectively, while incurring losses of HKD 585 million, HKD 580 million, and HKD 1.19 billion for the same years [1] - In the first half of 2025, HashKey achieved revenue of HKD 284 million but recorded a loss of HKD 507 million, indicating that the company has yet to reach profitability [1] Market Position - HashKey Exchange is recognized as Hong Kong's first licensed virtual asset trading platform aimed at retail users, holding licenses for securities trading and automated trading services from the Hong Kong Securities and Futures Commission [1] - According to Frost & Sullivan, HashKey is projected to be the largest regional onshore platform in Asia by trading volume in 2024 [1] Investor Sentiment - Recent reports from Daiwa suggest that due to the ongoing downturn in the cryptocurrency market and declining trading volumes across global exchanges, investor confidence in HashKey may remain low in the short term [1]

Regulatory Updates - South Korean government has removed virtual asset trading and intermediary businesses from the restricted industries for high-risk enterprises [1] Ethereum Network - The number of ETH queued to exit the Ethereum PoS network has increased by 300,000, now exceeding 187 million [1] NFT Market - OpenSea's flagship collection program has added Fat Penguins and CryptoPunks NFTs to its collection [1]

Market Entry & Expansion - CMB International Securities (招商证券国际), China Merchants Bank (招商银行) 的子公司, 在香港正式推出虚拟资产交易 [1] - 支持 24/7 全天候交易 BTC (比特币), ETH (以太坊), 和 USDT (泰达币) [1] Financial Institution Involvement - China Merchants Bank (招商银行), 世界第八大银行, 其子公司参与虚拟资产交易 [1]

📰 #AscendEX Daily Updates🔷Dutch crypto service provider Amdax establishes Bitcoin treasury company AMBTS, aiming to hold 210,000 BTC.🔷CMB International Securities officially starts offering virtual asset trading services.🔷Bitcoin's market share drops to 59.4%, while altcoin market value rises 3.06% over the past week.#AscendEX #Crypto #CryptoNews ...