Hong Kong authorities focusing on DeFi, metaverse technologies; Unstoppable Domains launches marketplace for Web3 domains; German government liquidating Bitcoin holdings

The Hong Kong authorities is focusing on decentralized finance (DeFi) and metaverse technologies to strengthen its global fintech standing, according to a report from the Hong Kong Institute for Financial and Monetary Research (HKIMR). The report highlights the substantial growth of DeFi and the moderate level of engagement with the metaverse among Hong Kong’s financial institutions.
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Unstoppable Domains has launched the first dedicated marketplace for Web3 and tokenized ‘.com’ domains, aiming to make domain trading easy and convenient by supporting traditional payment methods and offering a variety of tokenized domain options.
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The German government continues to liquidate its substantial Bitcoin holdings, with recent transactions involving approximately 2,786 BTC, including transfers to crypto exchanges and market makers, suggesting an intent to sell. These transactions contribute to fluctuations in Bitcoin’s market price and the German government currently holds 45,264 BTC, making it one of the top country-state holders of Bitcoin.
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