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Jinse Finance reported that on November 3, Leung Fung-yee, CEO of the Hong Kong Securities and Futures Commission (SFC), stated at Hong Kong Tech Week 2025 that the SFC's new policy will allow licensed virtual asset trading platforms to connect with overseas liquidity through affiliated overseas platforms, while implementing multiple safeguards to reduce settlement and integrity risks. For example, overseas virtual asset trading platforms are required to implement delivery-versus-payment and prepayment arrangements, establish a reserve fund in Hong Kong for compensation purposes, and launch a joint supervision program, aiming to strike an appropriate balance between convenience and protection. She emphasized that Hong Kong's regulatory regime is renowned for its visibility and transparency, providing clarity, certainty, and consistency for the market, thereby enhancing the confidence of market participants and supporting sustainable market development. The SFC has taken the lead in adopting the principle of "same business, same risk, same rules," actively participating in the International Organization of Securities Commissions' development of regulatory principles for central digital asset platforms, and promoting the adoption of similar standards in regulatory frameworks, including the Markets in Crypto-Assets Regulation. These coordinated efforts help strengthen connections and interoperability between markets.

ChainCatcher News, according to HyperInsight monitoring, the total balance of two addresses labeled as Abraxas Capital (0x5b5, 0xb83) has risen from $165 million last Monday to $256 million. In the past 24 hours, these addresses ranked first in contract positions on Hyperliquid, with the total notional value of their positions increasing from $480 million to $760 million. In the past 24 hours, Abraxas Capital has continued to significantly increase its short positions in BTC and ETH. The main short positions of the two addresses have changed as follows compared to last week: ETH increased from $226 million to $267 million, BTC increased from $124 million to $280 million, and HYPE increased from $97.4 million to $103 million. According to monitoring, the total unrealized profit of the two addresses has reached $50.2 million. Among a total of 22 short positions currently held, only the main address (0x5b5) still has an unrealized loss on the ETH short position, with an average holding price of $3,531 and an unrealized loss of $12.57 million (about 54%).