Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.

Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.

Trump's Fed Chairman Recommendation: President Donald Trump has recommended Kevin Warsh as the new Fed Chairman, with the appointment expected to take effect in mid-May, as the market closely monitors interest rate trends.

Bitcoin's Decline: Bitcoin has fallen below USD76,000, marking a 40% drop from its peak last year, with a recent 1% decrease bringing it to USD77,714, while Ethereum also experienced a 5.6% decline.

Monthly Decline for Bitcoin: January saw Bitcoin drop over 10%, resulting in its fourth consecutive monthly decline, the longest losing streak since 2018.

Subdued Hong Kong Crypto Stocks: Hong Kong's crypto-related stocks have shown weakness, with several companies experiencing significant declines and notable short selling activity.

Stock Performance: OSL GROUP's stock opened 4.56% lower, reaching a low of $17, and is currently down 5.39% with a trading volume of 105 million shares.

Share Placement Announcement: The company proposed a top-up share placement of approximately 100 million new shares at $14.9 each, which is a 17.2% discount to the previous closing price.

Use of Proceeds: The expected net proceeds of $1.55 billion will be allocated to various initiatives, including strategic acquisitions (30%), global business developments (35%), product and technology infrastructure (15%), and general working capital (20%).

Short Selling Activity: OSL GROUP experienced significant short selling, with a total of $16.49 million and a short selling ratio of 53.803%.

Share Placement Announcement: OSL GROUP announced a top-up share placement of approximately 104 million new shares at $14.9 each, representing about 11.6% of its enlarged issued share capital and a 17.2% discount to the previous closing price of $18.

Fundraising Goals: The placement aims to raise approximately $1.56 billion, with net proceeds of about $1.55 billion allocated for strategic acquisitions (30%), global business initiatives (35%), product and technology development (15%), and general working capital (20%).

OSL GROUP Performance: OSL GROUP's share price fell by 4.7% due to a significant drop in Bitcoin prices, which are expected to negatively impact the company's trading volume and revenue.

Revenue Forecast Adjustment: DBS Group Research has lowered its full-year revenue forecast for OSL GROUP to approximately $560 million, reflecting a decrease in expected revenue growth from 77% to 64% for FY2024-2026.

Stock Rating Update: The broker downgraded OSL GROUP to a "Hold" rating while maintaining a target price of $20, citing that positive factors have already been priced in and concerns over short-term trading performance.

Short Selling Activity: OSL GROUP experienced short selling of $1.40 million, with a short selling ratio of 7.35%, indicating market skepticism regarding its near-term performance.