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Jinse Finance reported, citing Caixin, that the Hong Kong Securities and Futures Commission has approved Ant Group's acquisition of a local Hong Kong brokerage and a stablecoin concept stock exchange, but it is still pending approval from the National Development and Reform Commission. The exchange's stock surged 30% during today's trading session. In April this year, Ant Group announced a tender offer to acquire 50.55% of the exchange's shares. At that time, market rumors suggested that Ant's acquisition was aimed at applying for a virtual asset trading platform license. It is understood that the exchange is a long-established local Hong Kong brokerage, holding Hong Kong licenses No. 1, 2, 3, 4, 5, 7, and 9, covering Hong Kong stocks, US stocks, Shanghai-Hong Kong/Shenzhen-Hong Kong Stock Connect, margin financing, and futures business. During the stablecoin boom in Hong Kong in July and August, the exchange was also a popular stablecoin concept stock.

According to Jinse Finance, as disclosed by Cointelegraph, fast-food chain Steak'N Shake has quickly abandoned its plan to accept ETH payments following strong opposition from the Bitcoin community. The chain suspended the related vote within hours and stated, "We are loyal to Bitcoin supporters." Previously, Steak'N Shake had announced that it would accept Bitcoin payments starting from May 16, 2025.