MicroStrategy has significantly increased its Bitcoin holdings, aligning its investment strategy with the potential approval of a spot Bitcoin ETF in the US. Meanwhile, Hong Kong is taking steps to regulate stablecoins by introducing licensing requirements, aiming to bolster the sector's regulatory framework. In another development, the Mt. Gox saga continues with some creditors receiving double payments due to a system error, adding complexity to the long-awaited settlements. South Korea is enhancing transparency in its public sector by requiring officials to disclose their cryptocurrency holdings. Lastly, Grayscale Investments is adapting to regulatory norms by refiling its application for a spot Bitcoin ETF and transitioning to a cash creation model, especially following leadership changes within the company.
