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.

HASHKEY HLDGS Debut Performance: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, and closed at $6.67, reflecting a minor decline of 0.1%.

Trading Activity: The stock experienced a trading volume of 98.92 million shares and a turnover of $665.57 million, with a peak price of $7.12 and a low of $6.12 during the day.

HASHKEY HLDGS Debut: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, but closed midday at $6.5, reflecting a 2.7% decline.

Stock Performance: The stock experienced a peak of $7.12 and a low of $6.12 during the trading session, with a total volume of 76.94 million shares traded and a turnover of $521.87 million.

Listing Debut: HASHKEY HLDGS made its listing debut on October 17, 2023, with Chairman Xiao Feng emphasizing the company's strategy to use Hong Kong as a base for expansion into Asian and international markets.

Regulatory Compliance: The company has obtained 13 licenses across 6 jurisdictions and is committed to maintaining a licensed, compliant, and regulated operation.

Investment Phase: Feng highlighted that HASHKEY HLDGS is currently in the investment phase, focusing on cash flow as a key indicator of success rather than immediate profitability.

Long-term Development: The emphasis on cash flow is intended to support long-term development and capitalize on opportunities for rapid market growth.