Hong Kong Monetary Authority: Will continue to communicate with institutions that have not yet been granted stablecoin licenses in the first batch, and is open but cautious about issuing additional licenses

Encourage innovation! A U.S. judge bans Arizona’s regulation of prediction markets, and suspends the prosecution of Kalshi.

A U.S. federal district court ruled that Arizona is barred from using its gambling laws to prosecute prediction market platform Kalshi, finding that the federal Commodity Futures Trading Commission has exclusive jurisdiction. The decision affects the boundary between state and federal authority in financial market regulation, while Kalshi insists that its business is a financial product rather than traditional gambling. Rulings on prediction markets vary across states, and the Trump family has also expressed support for prediction markets.

Solana cofounder toly: a base-layer stablecoin should be built that can only be frozen with authorization from the court

Solana co-founder toly noted that the industry needs a stablecoin that can only be frozen under a court order, opposing other freeze factors. He suggested that the protocol issue a stablecoin with custom freeze strategies on the base layer and strengthen security measures. This view stems from a recent response by Circle to the Drift protocol hack incident, sparking discussions about centralized stablecoins.

Hong Kong’s first batch of stablecoin issuers has been unveiled! Out of 36 applications, only 2 received licenses: HSBC and TetherPoint Finance

The Hong Kong Monetary Authority has announced the inaugural stablecoin issuer licensing scheme, and Tidepoint Financial Technology, led by HSBC Bank and Standard Chartered Bank, has been approved. This regulatory framework is designed to protect users’ interests, promote the application of compliant stablecoins, address financial pain points, and drive the development of Hong Kong’s digital assets.

Is it possible to bypass Financial Supervisory Commission regulations to buy crypto by card? Odingding rolls out a U.S. debit card crypto purchase service, Wallet Pro

OdinTin launches OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it demonstrates its fintech transformation. Through a partnership with MoneyGram, Wallet Pro enables cross-border transfers to buy stablecoins with cash and operates in the U.S. market. The company’s offshore model avoids Taiwan’s strict regulation, and under the new draft law, it challenges the market’s competitive landscape, which will affect local businesses’ compliance strategies in the future.

Ondo Finance submits a letter to the U.S. SEC requesting no enforcement action, concerning on-chain record-keeping of tokenized securities rights on the rights chain

Ondo Finance filed a request with the SEC on April 13, seeking confirmation that recording securities interests on the Ethereum mainnet in a tokenized form is compliant under certain patterns. Ondo believes that this on-chain recording can improve collateral monitoring, optimize processes, and simplify reconciliations, with the goal of operating in coordination with traditional finance.

Encourage innovation! U.S. judges ban Arizona state regulation of prediction markets, and halt the prosecution of Kalshi

A U.S. federal district court ruled that Arizona is barred from using its gambling laws to prosecute prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority over financial market regulation, and Kalshi insists that its business is a financial product rather than traditional gambling. Courts in different states have reached different decisions regarding prediction markets, and the Trump family has also expressed support for prediction markets.