The Hong Kong Securities and Futures Commission (SFC) allows licensed virtual asset trading platforms to share their listing lists with overseas platforms and has established a compensation mechanism.

The post Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin! appeared on BitcoinEthereumNews.com. While the number of Bitcoin (BTC) treasury companies continues to increase day by day, another Nasdaq-listed company has announced its purchase of BTC. Accordingly, live broadcast and e-commerce company GD Culture Group announced a $787.5 million Bitcoin purchase agreement. According to the official statement, GD Culture Group announced that they have entered into an equity agreement to acquire assets worth $875 million, including 7,500 Bitcoins, from Pallas Capital Holding, a company registered in the British Virgin Islands. GD Culture will issue approximately 39.2 million shares of common stock in exchange for all of Pallas Capital’s assets, including $875.4 million worth of Bitcoin. GD Culture CEO Xiaojian Wang said the acquisition deal will directly support the company’s plan to build a strong and diversified crypto asset reserve while capitalizing on the growing institutional acceptance of Bitcoin as a reserve asset and store of value. With this acquisition, GD Culture is expected to become the 14th largest publicly traded Bitcoin holding company. The number of companies adopting Bitcoin treasury strategies has increased significantly, exceeding 190 by 2025. Immediately after the deal was announced, GD Culture shares fell 28.16% to $6.99, their biggest drop in a year. As you may also recall, GD Culture announced in May that it would create a cryptocurrency reserve. At this point, the company announced that they plan to invest in Bitcoin and President Donald Trump’s official meme coin, TRUMP token, through the issuance of up to $300 million in stock. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/another-nasdaq-listed-company-announces-massive-bitcoin-btc-purchase-becomes-14th-largest-company-theyll-also-invest-in-trump-linked-altcoin/

PANews reported on November 3rd that, according to Bloomberg, the reverse merger between Animoca Brands and Currenc Group Inc. is expected to close in 2026. This transaction marks Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 for violating listing rules. The Currenc merger is subject to approval from regulators in the United States and Australia (where Animoca's corporate entities are located), and also depends on Animoca's ability to provide audited financial statements for the past few years. Xiao Yi stated that Animoca is profitable but has not yet released its financial results for this year. Although both parties have signed a letter of intent, the final merger agreement is still being finalized. The two companies have agreed to a three-month exclusivity period to finalize terms, and Currenc, which provides remittance and other financial services, plans to divest some of its businesses during the merger process. Executive Chairman Yat Siu stated that Animoca, with over 700 employees, also plans to open an office in New York. He added that US President Donald Trump's support for the cryptocurrency industry was a significant factor in this decision. Previously, it was reported that Animoca Brands planned to pursue a Nasdaq listing through a reverse takeover .

PANews reported on November 3 that Deng Chao, CEO of HashKey Capital, stated at the "Reshaping Vault Strategies with Digital Assets" roundtable during Hong Kong Fintech Week that the best time for institutions to enter the crypto market has arrived as the regulatory system and professional infrastructure mature. Deng Chao pointed out that since 2018, HashKey has managed multiple institutional funds, witnessing the industry's journey from early exploration to institutional development. Now, with the continuous improvement of regulatory frameworks in Hong Kong and Singapore, compliance and professionalism are becoming new turning points in blockchain finance. He further stated that HashKey, operating globally and complying locally, started in Hong Kong and continues to expand into the Asian, Middle Eastern, and European markets, committed to building a globally-oriented institutionalized digital asset ecosystem. In his view, the key trend for the next stage will be the deep integration of Real-World Assets (RWA) and Digital Asset Treasurys (DAT). "The internet carries information, while blockchain carries value," Deng Chao summarized. "Anything of value should ultimately be put on the blockchain."