Gate News message, April 12, the second batch of Hong Kong compliant stablecoin license applications is underway. According to reliable sources, Futu Securities and OSL Group are both applicants for the second batch of licenses. Previously, in November 2025, 13 ministries including the People’s Bank of China issued a statement, reaffirming China’s crackdown on virtual currency trading and classifying stablecoins as virtual currency, which means stablecoins will be impossible to trade in mainland China.

Hong Kong Monetary Authority Deputy Chief Executive Officer Chen Weimin said that stablecoin issuers may choose to issue currencies such as Hong Kong dollars or renminbi based on their own discretion, but must obtain regulatory approval from the Mainland. As for the timetable for the second batch of stablecoin issuer licenses, there is no schedule yet. HSBC’s stablecoin will be integrated with PayMe and the HSBC HK App, supporting real-time transfers and person-to-merchant services.

Gate News message, on April 10, the Hong Kong Monetary Authority said it would maintain communication and engagement with the first batch of applicants that did not receive a license, as well as other institutions that apply in the future, to review these applications under uniform regulatory standards and requirements. Regarding the later issuance of stablecoin licenses and the timeline, the Monetary Authority has an open yet cautious attitude, and at this stage there is no clear inclination.

Gate News message: On April 10, the Hong Kong Monetary Authority will announce today at 5:00 p.m. the list of the first stablecoin issuer licensees. Driven by expectations of regulatory positives, Conflux (CFX) surged strongly in the short term. According to market data from a certain trading platform, CFX opened today at $0.0518, and the intraday high reached $0.0557. The gain for the day was 7.5%.

The Hong Kong Monetary Authority will announce the first batch of stablecoin licenses on April 10 in the afternoon, with an expected issuance of 2 to 3 licenses. Previously, after a rigorous review process, it received 36 applications, aiming to ensure the soundness of stablecoin issuance.

Bitcoin Bancorp launched a licensed Bitcoin ATM network in Southern California on April 9, with the first batch of machines already installed in Los Angeles, marking a new phase of retail expansion in the United States. The company’s accelerated expansion strategy is significant, and it is expected that the industry’s size will reach $7.68 billion by 2034.

Biconomy and the Ethereum Foundation launch the ERC-8211 smart batch processing standard to address static limitations in smart contract execution, support dynamic parameter adjustments, and enhance the execution capabilities of AI agents and complex DeFi workflows.

Gate News message, April 7, according to crypto analyst Ai Yi monitoring, a certain address built a position of 4,827 ETH at about $2,047.53 between April 4 and April 5, and sold it on April 7 at about $2,100.94. This batch of ETH was transferred to a certain CEX within the past 3 hours and exchanged for USDT; the transaction amount was approximately $10.14 million. The profit from this swing trade was approximately $256k.

According to analysis, on April 5 an address received 30.99 million STO tokens worth $5.98 million, and then deposited 10 million tokens to a CEX, earning a profit of $207k. During the April 2 price peak, this batch of tokens was up by $52.33 million.

Linea launched the EIP-7702 protocol on April 3, enabling users to execute smart contracts, batch transactions, and enable features like paying for gas without changing their wallet addresses. The protocol is fully compatible with ERC-4337, has been integrated into MetaMask, and is planned to achieve full EVM compatibility in 2026.