📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Stablecoin stocks in Hong Kong fall as new regulations take effect.
Stocks related to stablecoins in Hong Kong plummeted on Friday due to the impact of new regulations and market adjustments. Bright Smart fell nearly 20%, Yunfeng Financial lost over 16%, and Guotai Junan and OSL dropped 11% and 10.5% respectively. These are companies related to the issuance, custody, or infrastructure of stablecoins.
Hong Kong is entering a six-month transition phase with strict regulations such as a 1:1 reserve requirement, same-day refunds, and a minimum capital of 25 million HKD. Many experts believe that this adjustment is healthy, eliminating speculation and helping to shape a more sustainable market.
Small companies may withdraw, making way for larger organizations with compliance capabilities. Although the HKD stablecoin cannot yet compete in volume with the USD, Hong Kong is still expected to become a reliable digital asset hub.