Hong Kong, March 10, 2004
Effective from February 27, 2004, UDomain has taken over the entire hosting businesses of 1 Terahertz Limited and 01Server.net. Under the agreement, UDomain will continue to provide quality web hosting services to all existing web hosting customers of 1 Terahertz and 01Server. In addition, the customers are now entitled to our free 24-hour technical support service and various value-added services.
UDomain, as the premier web hosting service provider in Hong Kong, is always seeking improvements in service quality and technology. On the other hand, 1 Terahertz and 01Server own a strong database of high-quality web hosting clients with its 4 years\' established. This acquisition is a significant landmark of further market share expansion of UDomain, as well as our commitment to provide the finest quality web hosting services to SMEs in Hong Kong.
About UDomain 
Servicing over 5,000 clients in Hong Kong, China and Taiwan, UDomain specializes in offering quality web hosting services. UDomain is the first to provide pan regional web hosting services and 24-hour technical support in the market. Furthermore, UDomain has invested over 1 million dollars in setting up UDomain Private Data Centre. With our own data centre, UDomain is the first and the only web hosting company in Hong Kong to possess dedicated local and international bandwidth. In addition, UDomain has officially become the Hosting Provider of Yahoo! HK Users, providing quality web hosting and domain registration services via a co-branded platform in Yahoo!HK SME Channel. This alliance further reinforces the leading position of UDomain in the IT industry.
For enquiries, please contact:
Aaron Chan Business Development Manager UDomain Web Hosting Company Ltd Tel: (852) 2554-7545 Email: <A href=\"mailto:aaronchan@udomain.com.hk\">aaronchan@udomain.com.hk</A> </TR> <TR> <TD colSpan=\"2\">

Hong Kong, March 10, 2004
通域存网（UDomain）已於2004年2月27日正式收购 1 Terahertz 及 01Server 所经营的网页寄存业务。根据收购协议，UDomain 将继续为 1 Terahertz 及 01Server 的客户提供优质的网页寄存服务，他们除可继续享有原本的服务之外，更可免费获得24小时技术支援服务和各种更佳、更全面的增值服务。
UDomain 素以最先进的科技及最专业的服务态度，为中小企提供一系列互联网服务，现时网页寄存客户数目为全港之冠。而 1 Terahertz 及 01Server 在香港成立接近四年，亦拥有优质而庞大的客户群。是次收购行动，除了将 UDomain 的市场占有率进一步提升外，亦标著 UDomain 推动企业充分应用互联网科技，以开拓无限商机之决心。
关於 UDomain
UDomain 於1998年成立，一直致力为大中华客户提供高质素的互联网服务，现有客户数目超过五千，是香港最具规模的专业网页寄存商之一，亦是业内首间提供中、港、台三地互联网服务及24小时电话技术支援的存网公司。而全港首创、投资过百万的 UDomain 专属数据中心亦已投入服务，令 UDomain 成为本港唯一一间自资拥有本地及国际带宽的存网公司，藉以提供最可靠高速的资讯管理传输，这足证我们对服务质素的坚持。此外，UDomain 於2003年11月正式与雅虎香港携手为雅虎用户提供优质网页寄存及域名登记服务，进一步巩固 UDomain 的市场领导地位。
如有查询，请联络∶
Aaron Chan Business Development Manager UDomain Web Hosting Company Ltd. 电话: (852) 2554-7545 电邮: aaronchan@udomain.com.hk

Hong Kong, March 10, 2004
通域存網（UDomain）已於2004年2月27日正式收購 1 Terahertz 及 01Server 所經營的網頁寄存業務。根據收購協議，UDomain 將繼續為 1 Terahertz 及 01Server 的客戶提供優質的網頁寄存服務，他們除可繼續享有原本的服務之外，更可免費獲得24小時技術支援服務和各種更佳、更全面的增值服務。
UDomain 素以最先進的科技及最專業的服務態度，為中小企提供一系列互聯網服務，現時網頁寄存客戶數目為全港之冠。而 1 Terahertz 及 01Server 在香港成立接近四年，亦擁有優質而龐大的客戶群。是次收購行動，除了將 UDomain 的市場佔有率進一步提升外，亦標誌著 UDomain 推動企業充分應用互聯網科技，以開拓無限商機之決心。
關於 UDomain
UDomain 於1998年成立，一直致力為大中華客戶提供高質素的互聯網服務，現有客戶數目超過五千，是香港最具規模的專業網頁寄存商之一，亦是業內首間提供中、港、台三地互聯網服務及24小時電話技術支援的存網公司。而全港首創、投資過百萬的 UDomain 專屬數據中心亦已投入服務，令 UDomain 成為本港唯一一間自資擁有本地及國際帶寬的存網公司，藉以提供最可靠高速的資訊管理傳輸，這足證我們對服務質素的堅持。此外，UDomain 於2003年11月正式與雅虎香港攜手為雅虎用戶提供優質網頁寄存及域名登記服務，進一步鞏固 UDomain 的市場領導地位。
如有查詢，請聯絡：
Aaron Chan Business Development Manager UDomain Web Hosting Company Ltd. 電話: (852) 2554-7545 電郵: aaronchan@udomain.com.hk

UDomain acquires 1 Terahertz and 01Server

UDomain全面收购 1 Terahertz 及 01Server 之网页寄存业务

UDomain全面收購 1 Terahertz 及 01Server 之網頁寄存業務

Tokenized Stocks & RWA: The 2025 Blockchain Revolution You Can’t Ignore

代币化股票与RWA：2025年你不能错过的区块链革命

代幣化股票與RWA：2025年你不能錯過的區塊鏈革命

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</div></div>The Hong Kong Monetary Authority (HKMA) has announced a relaxation of capital requirements for financial institutions holding specific digital assets. The HKMA's easing of capital requirements for banks holding Bitcoin is viewed as a strategic move to solidify Hong Kong's status as an international financial center and actively develop the cryptocurrency industry. The HKMA is also implementing a new regulatory policy manual module, CRP-1, which clearly categorizes virtual assets under the Basel Committee's global capital standards and will take effect on January 1, 2026.&nbsp;<h3>Easing of Capital Requirements Originating from August Notification</h3>&nbsp;This new regulation stems from a notification issued by the HKMA in mid-August, confirming that the international Basel standards will be implemented in Hong Kong in early 2026. The authority has circulated a consultation document to the local banking sector outlining the specifics of how it will implement the Basel standards within Hong Kong's regulatory framework.&nbsp;Notably, the new regulation adopts a differentiated approach for cryptocurrencies operating on unlicensed blockchains, such as Bitcoin (BTC) and Ethereum (ETH). If issuers can effectively implement risk management and mitigation measures, their capital requirements may be reduced. This measure will distinguish tokenized assets and stablecoins from unendorsed cryptocurrencies, moving away from treating all digital assets uniformly.&nbsp;According to the Basel Agreement, digital assets originally bore a risk weight of 1250%, meaning that banks needed to hold capital equivalent to or exceeding 100% of the digital asset's value as a loss buffer, making participation in the virtual asset business economically unfeasible for banks. The new regulation is expected to lower this threshold.&nbsp;<h3>Initial Approval for a Limited Number of Stablecoin Issuers</h3>&nbsp;The HKMA indicated that initially, only a limited number of stablecoin issuers would be approved, allowing them ample time to prepare for the capital requirements set to take effect early next year. Over the years, Hong Kong has established a comprehensive regulatory framework for cryptocurrencies, encompassing licensing systems for cryptocurrency exchanges and stablecoin issuers. The Securities and Futures Commission (SFC) also updated its guidelines in August, requiring licensed cryptocurrency platforms to enhance customer fund custody measures and detailing new requirements for platform custody practices in response to vulnerabilities and customer losses exposed in several overseas incidents. These new requirements include responsibilities for senior management, cold wallet infrastructure, real-time threat monitoring, and third-party wallet oversight.&nbsp;For stablecoin issuers, the HKMA's new regulations require them to hold a license and issue stablecoins pegged to the Hong Kong dollar, maintaining a minimum capital of HKD 25 million, HKD 3 million in liquidity, and sufficient additional liquidity to cover at least 12 months of operating expenses. Stablecoin holders can redeem assets at face value within one business day, and issuers are prohibited from imposing unreasonable fees or conditions on redemption requests.&nbsp;Issuers operating regulated stablecoin activities without permission will face fines of up to HKD 5 million and imprisonment for up to seven years, along with daily fines of HKD 100,000 until the violations cease. This series of measures demonstrates the Hong Kong government's commitment to developing the cryptocurrency industry while emphasizing risk management and regulatory transparency.

HKMA relaxes capital requirements for HK banks holding Bitcoin

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</div></div>香港金融管理局（HKMA）宣布放宽持有特定数位资产的金融机构资本要求。金管局放宽香港银行持有比特币资本要求，被视为香港巩固其国际金融中心地位，积极发展加密货币产业的最新策略。 金管局同时推行新的监管政策手册模组CRP-1，明确规范虚拟资产在巴塞尔银行监管委员会全球资本标准下的分类，并将在2026年1月1日起生效。即加入CFTime TG讨论区！想掌握最新加密市场动态与AI新闻与资讯，更能随时获得免费web 3入场券！金管局放宽香港银行持有比特币资本要求源于金管局在8月中旬发布的通知这项新规定，源于金管局在8月中旬发布的通知，确认国际巴塞尔标准将于2026年初在香港实施。该局已向本地银行业发放咨询文件，详述其在香港监管框架下实施巴塞尔标准的具体方法。值得注意的是，新规定针对在无许可区块链上运作的加密资产，例如比特币（BTC）和以太币（ETH），采取差异化处理。 若发行者能有效执行风险管理及缓解措施，则其资本要求可望降低。 这项措施将符合稳定币框架的代币化资产和稳定币，与未经背书的加密货币区隔开来，不再将所有数位资产一概而论。根据巴塞尔协议，数位资产原本需承受1250%的风险权重，意味着银行需持有等值于或超过数位资产价值100%的资本作为损失缓冲，此举曾使银行参与虚拟资产业务变得不经济。 新规定则有望降低此门槛。初期将仅批准少数稳定币发行者金管局表示，初期将仅批准少数稳定币发行者，让其有充足时间准备，应对即将在明年初生效的资本要求。 多年来，香港已建立完善的加密货币监管架构，涵盖加密货币交易所及稳定币发行者的发牌制度。 香港证券及期货事务监察委员会（SFC）也在8月更新指引，要求持牌加密货币平台加强客户资金托管措施，并针对海外多起事件中暴露的漏洞及客户损失，详细说明其对平台托管实务的新要求，包括高级管理人员的责任、冷钱包基础设施、实时威胁监控及第三方钱包监督。针对稳定币发行者，金管局的新规定要求其持有牌照，发行以港元为基准维持稳定价值的稳定币，并维持不少于2,500万港元的股本、300万港元的流动资金，以及足以应付至少12个月营运费用的额外流动资金。 稳定币持有人可在一个营业日内按面值赎回资产，发行者也被禁止对赎回请求施加不合理的费用或条件。未经许可经营受规管稳定币活动的发行者，将面临最高500万港元的罚款及最高七年的监禁，并每日处以10万港元的罚款，直至违规行为停止。 此一系列措施，展现香港政府在发展加密货币产业的同时，也着重风险管理及监管透明度的决心。

金管局放宽香港银行持有比特币资本要求 抢攻全球加密金融霸主地位

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</div></div>香港金融管理局（HKMA）宣佈放寬持有特定數碼資產的金融機構資本要求。金管局放寬香港銀行持有比特幣資本要求，被視為香港鞏固其國際金融中心地位，積極發展加密貨幣產業的最新策略。 金管局同時推行新的監管政策手冊模組CRP-1，明確規範虛擬資產在巴塞爾銀行監管委員會全球資本標準下的分類，並將於2026年1月1日起生效。&nbsp;金管局放寬香港銀行持有比特幣資本要求 源於金管局在8月中旬發布的通知&nbsp;此項新規定，<a href="https://brdr.hkma.gov.hk/eng/doc-ldg/docId/getPdf/20250815-1-EN/20250815-1-EN.pdf">源於金管局在8月中旬發布的通知</a>，確認國際巴塞爾標準將於<a href="https://cftime.io/basel-standards-implemented-in-hong-kong/">2026年初在香港實施</a>。該局已向本地銀行業發放諮詢文件，詳述其在香港監管框架下實施巴塞爾標準的具體方法。&nbsp;值得注意的是，新規定針對在無許可區塊鏈上運作的加密資產，例如比特幣（BTC）和以太幣（ETH），採取差異化處理。 若發行者能有效執行風險管理及緩解措施，則其資本要求可望降低。 這項措施將符合穩定幣框架的代幣化資產和穩定幣，與未經背書的加密貨幣區隔開來，不再將所有數碼資產一概而論。&nbsp;根據巴塞爾協議，數碼資產原本需承受1250%的風險權重，意味著銀行需持有等值於或超過數碼資產價值100%的資本作為損失緩衝，此舉曾使銀行參與虛擬資產業務變得不經濟。 新規定則有望降低此門檻。&nbsp;初期將僅批准少數穩定幣發行者&nbsp;金管局表示，初期將僅批准少數穩定幣發行者，讓其有充足時間準備，應對即將於明年初生效的資本要求。 多年來，香港已建立完善的加密貨幣監管架構，涵蓋加密貨幣交易所及穩定幣發行者的發牌制度。 香港證券及期貨事務監察委員會（SFC）<a href="https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR124">亦於8月更新指引</a>，要求持牌加密貨幣平台加強客戶資金託管措施，並針對海外多起事件中暴露的漏洞及客戶損失，詳細說明其對平台託管實務的新要求，包括高級管理人員的責任、冷錢包基礎設施、實時威脅監控及第三方錢包監督。&nbsp;針對穩定幣發行者，<a href="https://www.hkma.gov.hk/eng/key-functions/international-financial-centre/stablecoin-issuers">金管局的新規定要求其持有牌照</a>，發行以港元為基準維持穩定價值的穩定幣，並維持不少於2,500萬港元的股本、300萬港元的流動資金，以及足以應付至少12個月營運費用的額外流動資金。 穩定幣持有人可於一個營業日內按面值贖回資產，發行者亦被禁止對贖回請求施加不合理的費用或條件。&nbsp;未經許可經營受規管穩定幣活動的發行者，將面臨最高500萬港元的罰款及最高七年的監禁，並每日處以10萬港元的罰款，直至違規行為停止。 此一系列措施，展現香港政府在發展加密貨幣產業的同時，亦著重風險管理及監管透明度的決心。

金管局放寬香港銀行持有比特幣資本要求 搶攻全球加密金融霸主地位

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</div></div>BlackRock, the world's largest asset management company, has made a significant change in its cryptocurrency investment strategy this year, increasing its holdings in Ethereum (ETH) at a pace far exceeding that of Bitcoin (BTC). This shift has sent shockwaves through the crypto market and provides important insights for institutional investors' future strategies.&nbsp;According to Finbold's analysis of Arkham Intel wallet cluster data, as of September 9, 2025, BlackRock's Bitcoin holdings amount to 732,384 BTC, valued at approximately $81.7 billion based on a price of $111,513 at that time. In contrast, its Ethereum holdings have reached an impressive 3.74 million ETH, valued at around $16 billion (at a price of $4,301).&nbsp;Compared to January 1, 2025, BlackRock's Bitcoin holdings have increased by over 30%. However, the growth in Ethereum holdings is even more remarkable, having increased by 2.5 times. In other words, in terms of percentage growth, BlackRock's accumulation of Ethereum is 7.6 times that of Bitcoin.&nbsp;Despite both Ethereum and Bitcoin prices rising during this period, the increase in token holdings far outpaces the price growth, indicating that BlackRock's actions are not merely reactive to market cap changes but represent proactive net purchases.&nbsp;<h3>Shift in Portfolio Allocation: From 6.6% to 17.2%</h3>&nbsp;This strategic adjustment has significantly altered the composition of BlackRock's cryptocurrency investment portfolio. At the beginning of the year, Ethereum accounted for just 6.6% of its portfolio ($3.59 billion out of $54.83 billion). As of September 2, this allocation has risen to 17.2% ($16.58 billion out of $96.44 billion), an increase of 10.6 percentage points.&nbsp;The massive accumulation by BlackRock is likely to have a considerable impact on the market. Firstly, the increase of 2.71 million Ethereum relative to its total circulating supply represents a substantial amount of stable buying pressure. Secondly, this signals that institutional investors are reassessing their cryptocurrency strategies, gradually extending their investments beyond Bitcoin and actively engaging with the Ethereum ecosystem. This aligns with the increasing maturity of Ethereum-related products and capital flows.&nbsp;BlackRock's actions indicate a growing confidence among institutional investors in Ethereum, potentially leading to further institutional participation and driving both the price and market position of Ethereum.

BlackRock's investment strategy shifts from Bitcoin to Ethereum

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</div></div>全球最大资产管理公司贝莱德今年以来对加密货币的投资策略出现重大转变，其增持以太币(ETH)的速度远超比特币(BTC)，贝莱德投资策略，为加密货币市场投下震撼弹，也为机构投资者的未来布局提供了重要参考。&nbsp;根据Finbold分析Arkham Intel钱包集群数据显示，截至2025年9月9日，贝莱德的比特币持有量为732,384个BTC，按当时价格111,513美元计算，价值约817亿美元；而以太币持有量则达到惊人的374万个ETH，价值约160亿美元（当时价格4,301美元）。&nbsp;与2025年1月1日相比，贝莱德的比特币持有量增加了y逾三成；但以太币持有量增长则更加显著，增加2.5倍， 换言之，以百分比增长计算，贝莱德增持以太币的速度是比特币的7.6倍。&nbsp;尽管以太币和比特币价格在测量期间均有所上涨，但代币持有量的增长幅度远远超过价格涨幅，显示贝莱德的增持行为并非仅仅是市值变动的结果，而是积极的净购买行为。<h3>&nbsp;</h3><h3>贝莱德投资策略 占比由6.6%跃升至17.2%</h3>&nbsp;这种策略性调整也明显改变了贝莱德加密货币投资组合的结构。年初，以太币在其投资组合中仅占6.6%（35.9亿美元/548.3亿美元），但截至9月2日，其占比已跃升至17.2%（165.8亿美元/964.4亿美元），增长了10.6个百分点。贝莱德的巨额增持对市场的影响不容小觑。首先，271万个以太币的增长规模相对于以太币的总流通量而言相当可观，将为市场注入大量的稳定买盘。其次，这也发出了强烈的信号，表明机构投资者正在重新评估其加密货币投资策略，逐步将投资范围扩展至比特币之外，并积极布局以太坊生态系统，这与以太坊相关产品和资金流的日益成熟相呼应。 贝莱德的行动，预示着机构投资者对以太币的信心与日俱增，并可能引领更多机构跟进，进一步推动以太币的价格和市场地位。

贝莱德投资策略由比特币转向以太坊 数据揭秘惊人增持策略

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</div></div>全球最大資產管理公司<a href="https://cftime.io/usd-hegemony-is-under-threat/">貝萊德</a>今年以來對加密貨幣的投資策略出現重大轉變，其增持以太幣(ETH)的速度遠超比特幣(BTC)，貝萊德投資策略，為加密貨幣市場投下震撼彈，也為機構投資者的未來佈局提供了重要參考。&nbsp;即加入<a href="https://t.me/+l--9PJpFdIgxOTk9">CFTime TG 討論區</a>！想掌握最新加密市場動態與 AI 新聞與資訊，更能隨時獲得免費 web 3入場券！&nbsp;根據Finbold分析Arkham Intel錢包集群數據顯示，截至2025年9月9日，貝萊德的比特幣持有量為732,384個BTC，以當時價格111,513美元計算，價值約817億美元；而以太幣持有量則達到驚人的374萬個ETH，價值約1601億美元（當時價格約1401萬美元）。&nbsp;與2025年1月1日相比，貝萊德的比特幣持有量增加了y逾三成；但以太幣持有量增長則更加顯著，增加2.5倍， 換言之，以百分比增長計算，貝萊德增持以太幣的速度是比特幣的7.6倍。&nbsp;儘管以太幣和比特幣價格在測量期間均有所上漲，但代幣持有量的增長幅度遠遠超過價格漲幅，顯示貝萊德的增持行為並非僅僅是市值變動的結果，而是積極的淨購買行為。&nbsp;<h3>貝萊德投資策略 佔比由6.6%躍升至17.2%</h3>&nbsp;這種策略性調整也明顯改變了貝萊德加密貨幣投資組合的結構。年初，以太幣在其投資組合中僅佔6.6%（35.9億美元/548.3億美元），但截至9月2日，其佔比已躍升至17.2%（165.8億美元/964.4億美元），增長了10.6個百分點。&nbsp;貝萊德的巨額增持對市場的影響不容小覷。首先，271萬個以太幣的增長規模相對於以太幣的總流通量而言相當可觀，將為市場注入大量的穩定買盤。其次，這也發出了強烈的信號，表明機構投資者正在重新評估其加密貨幣投資策略，逐步將投資範圍擴展至比特幣之外，並積極布局以太坊生態系統，這與以太坊相關產品和資金流的日益成熟相呼應。 貝萊德的行動，預示著機構投資者對以太幣的信心與日俱增，並可能引領更多機構跟進，進一步推動以太幣的價格和市場地位。

貝萊德投資策略由比特幣轉向以太坊 數據揭秘驚人增持策略

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</div></div>Bank of China (Hong Kong) has reportedly expressed its intention to apply for the issuance of a stablecoin, officially entering the stablecoin market. The Hong Kong Monetary Authority (HKMA) had previously called for interested institutions to express their intentions by the end of August and advised well-prepared organizations to submit their applications as soon as possible, no later than the end of September. Following the announcement by the joint venture Anchorpoint, led by Standard Chartered Hong Kong (which holds a 50.5% stake), to apply, Bank of China (Hong Kong) (2388) has also joined the fray, actively preparing to apply for a stablecoin issuance license.Today, Bank of China (Hong Kong) opened at HKD 36.8, rising by 4.49%.<h3>Renminbi Internationalization as a Key Consideration</h3>The issuance license for stablecoins in Hong Kong has not yet been granted but has already attracted significant market attention. Although Bank of China (Hong Kong) was not among the three institutions selected by the HKMA for the initial stablecoin sandbox, it has established a dedicated team to actively study related matters. Analysts point out that stablecoins play a crucial role in the macro layout of digital currencies and are likely to be linked to offshore renminbi in the future, further promoting the internationalization of the renminbi. Bank of China (Hong Kong) clearly values the development of stablecoins and is actively seeking to participate.A spokesperson from Bank of China (Hong Kong) did not comment on the market rumors. At a recent earnings announcement, the bank stated that it is actively researching the application scenarios and risk management mechanisms for digital assets and digital currencies, and supports the development of Hong Kong's fintech and digital asset markets. An HKMA spokesperson mentioned that some institutions have expressed intentions to apply for stablecoin licenses, but did not disclose specific names.<h3>Other Institutions Applying for Stablecoin Licenses</h3>In July last year, the HKMA announced three institutions participating in the stablecoin sandbox: Anchorpoint, formed by Standard Chartered Hong Kong in collaboration with the AIA Group and Hong Kong Telecommunications (6823), Jingdong Coin Chain Technology (Hong Kong), and Round Coin Innovation Technology (a subsidiary of Round Coin Technology, founded by former HKMA president Norman Chan). As of now, Jingdong and Round Coin Technology have not responded regarding their intentions to apply.Ant Group previously stated that it would apply as soon as the Stablecoin Ordinance comes into effect, but it has not responded on whether it has expressed its intention to the HKMA.<h3>Standard Chartered Leads, but Regulatory Requirements May Affect Planning</h3>Market analysis suggests that among the institutions that have expressed interest in applying, Standard Chartered's joint venture Anchorpoint currently leads in terms of technical readiness and cross-border market coverage. However, the HKMA's licensing requirements, particularly the identity verification regulations for each stablecoin holder, may impact the original application scenario planning and cost budgets for some applicants.It is worth noting that eight years ago, the HKMA promoted the development of fintech in Hong Kong, and both Bank of China (Hong Kong) and Standard Chartered Hong Kong led consortiums that became among the first operators to receive virtual banking licenses in 2019.HKMA Vice President Eddie Yue has previously stated that to ensure stable development, only a few stablecoin licenses will be issued in the first phase, with issuance expected early next year. Initial business profitability remains highly uncertain.

BoCHK is rumored to be interested in issuing a stablecoin! A Chinese-backed issuer is poised to reshape the market.

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</div></div>传中银香港有意申发稳定币，正式杀入稳定币战场！金管局早前呼吁有意申请的机构于8月底前表达意向，并建议准备充足的机构尽快，最迟于9月底前提交申请。据市场消息，继渣打香港牵头成立的合资公司Anchorpoint（渣打持股50.5%）公开表示有意申请后，另一发钞行中银香港（2388）亦加入战局，正积极准备申请，力争成为首批获得稳定币发行牌照的机构。&nbsp;中银香港今日开报36.8元，升4.49%。&nbsp;<h3>人民币国际化成关键考量</h3>&nbsp;香港稳定币发行牌照尚未发放，已备受市场关注。虽然中银香港并非金管局先前选定的三间稳定币沙盒参与机构之一，但该行已成立专责小组积极研究相关事宜。分析人士指出，稳定币在数位货币领域的宏观布局中扮演关键角色，未来更可能与离岸人民币挂钩，进而促进人民币国际化。中银香港显然重视稳定币发展，并积极争取参与其中。&nbsp;中银香港发言人对此市场传闻未予置评。该行在近期业绩发布会上，仅表示积极研究数位资产和数位货币的应用场景及风险管理机制，并支持香港金融科技及数位资产市场的发展。金管局发言人则表示，已有部分机构表达申请稳定币牌照的意向，但未透露具体机构名单。&nbsp;<h3>传中银香港有意申发稳定币 其他申请机构动态</h3>&nbsp;去年7月，金管局公布的三间稳定币沙盒参与机构包括：渣打香港联同安拟集团及香港电讯（6823）组成的Anchorpoint、京东币链科技（香港）以及圆币创新科技（圆币科技旗下子公司，由金管局前总裁陈德霖创立）。 截至目前，京东及圆币科技尚未回覆是否已表达申请意向。&nbsp;蚂蚁集团此前曾表示，将在《稳定币条例》生效后尽快申请，但对于是否已向金管局表达申请意向，则未有回应。&nbsp;<h3>渣打领先，但监管要求或影响申请机构规划</h3>&nbsp;市场分析认为，在已表态有意申请的机构中，渣打牵头的合资公司Anchorpoint在技术准备和跨境市场覆盖方面暂时领先。然而，金管局发牌要求中，每位稳定币持有人的身份核实规定，可能影响部分申请机构原先的应用场景规划和成本预算。&nbsp;值得回顾的是，八年前金管局推动香港金融科技发展，中银香港和渣打香港分别牵头成立的财团，均成为2019年首批获发虚拟银行牌照的营运商。&nbsp;金管局副总裁陈维民曾表示，为确保稳定发展，首阶段将只发放数个稳定币牌照，预计明年初发放，初期业务盈利存在很大不确定性。

传中银香港有意申发稳定币！中国背景发行商将改写市场格局

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</div></div>傳中銀香港有意申發穩定幣，正式殺入<a href="https://cftime.io/basel-standards-implemented-in-hong-kong/">穩定幣</a>戰場！金管局早前<a href="https://www.hkma.gov.hk/chi/news-and-media/press-releases/2025/07/20250729-4/">呼籲有意申請的機構</a>於8月底前表達意向，並建議準備充足的機構盡快，最遲於9月底前提交申請。據市場消息，繼渣打香港牽頭成立的合資公司Anchorpoint（渣打持股50.5%）公開表示有意申請後，另一發鈔行中銀香港（2388）亦加入戰局，正積極準備申請，力爭成為首批獲得穩定幣發行牌照的機構。&nbsp;中銀香港今日開報36.8元，升4.49%。&nbsp;<h3>人民幣國際化成關鍵考量</h3>&nbsp;香港穩定幣發行牌照尚未發放，已備受市場關注。雖然中銀香港並非金管局先前選定的三間穩定幣沙盒參與機構之一，但該行已成立專責小組積極研究相關事宜。分析人士指出，穩定幣在數位貨幣領域的宏觀布局中扮演關鍵角色，未來更可能與離岸人民幣掛鈎，進而促進人民幣國際化。中銀香港顯然重視穩定幣發展，並積極爭取參與其中。&nbsp;中銀香港發言人對此市場傳聞未予置評。該行在近期業績發佈會上，僅表示積極研究數位資產和數位貨幣的應用場景及風險管理機制，並支持香港金融科技及數位資產市場的發展。金管局發言人則表示，已有部分機構表達申請穩定幣牌照的意向，但未透露具體機構名單。&nbsp;<h3>傳中銀香港有意申發穩定幣 其他申請機構動態</h3>&nbsp;去年7月，金管局公布的三間穩定幣沙盒參與機構包括：渣打香港聯同安擬集團及香港電訊（6823）組成的Anchorpoint、京東幣鏈科技（香港）以及圓幣創新科技（圓幣科技旗下子公司，由金管局前總裁陳德霖創立）。 截至目前，京東及圓幣科技尚未回覆是否已表達申請意向。&nbsp;螞蟻集團此前曾表示，將在《穩定幣條例》生效後盡快申請，但對於是否已向金管局表達申請意向，則未有回應。&nbsp;<h3>渣打領先，但監管要求或影響申請機構規劃</h3>&nbsp;市場分析認為，在已表態有意申請的機構中，渣打牽頭的合資公司Anchorpoint在技術準備和跨境市場覆蓋方面暫時領先。然而，金管局發牌要求中，每位穩定幣持有人的身份核實規定，可能影響部分申請機構原先的應用場景規劃和成本預算。&nbsp;值得回顧的是，八年前金管局推動香港金融科技發展，中銀香港和渣打香港分別牽頭成立的財團，均成為2019年首批獲發虛擬銀行牌照的營運商。&nbsp;金管局副總裁陳維民曾表示，為確保穩定發展，首階段將只發放數個穩定幣牌照，預計明年初發放，初期業務盈利存在很大不確定性。&nbsp;

傳中銀香港有意申發穩定幣！中國背景發行商將改寫市場格局

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</div></div>OpenAI's GPT-5 launch has been met with widespread criticism, prompting CEO Sam Altman to acknowledge significant errors in its rollout and the negative user response. The incident, which saw a large number of users threatening cancellations, has directly impacted the development direction of GPT-6. While ChatGPT boasts over 700 million weekly active users—a fourfold increase year-on-year—Altman warns of a potential AI industry bubble fueled by over-investment.&nbsp;In a private meeting with journalists in San Francisco, Altman admitted the replacement of the popular GPT-4o model with GPT-5 caused considerable user dissatisfaction. He stated, "I think we completely messed up some things in the launch." GPT-4o was praised for its warm and natural conversational style, while GPT-5 was criticized for being cold, robotic, and lacking support. To appease users, OpenAI has reinstated access to GPT-4o for paying subscribers. Altman considers this a critical lesson, emphasizing the challenges of upgrading a product for hundreds of millions of users in a single day.&nbsp;The GPT-5 debacle highlighted the emotional connection users are forming with AI. While some users on Reddit forums like r/MyBoyfriendisAI, r/AISoulmates, and r/AIRelationships express dependence on, and even emotional relationships with, AI companions, Altman estimates this represents less than 1% of ChatGPT users. OpenAI is closely monitoring this phenomenon and will prioritize personalization in GPT-6 while mitigating the exploitation of vulnerable users.&nbsp;Despite the ongoing GPT-5 rollout, OpenAI is already developing GPT-6, anticipating a shorter development cycle compared to the transition from GPT-4 to GPT-5. However, GPU shortages pose a significant bottleneck, leading Altman to project the need for "hundreds of billions of dollars" in data center investment.&nbsp;Beyond GPT-6, OpenAI's future plans include investing in a brain-computer interface startup to rival Elon Musk's Neuralink, potentially bidding for Google Chrome, and collaborating with former Apple design chief Jony Ive on an undisclosed AI device.&nbsp;Altman concludes that despite ChatGPT's user base exceeding 700 million, the AI industry is currently experiencing an overheated investment climate, characterized by bubble-like risk. He affirms, "Are we in a phase where investors are generally over-excited about AI? Yes. Is AI the most important thing in many years? Yes."&nbsp;

Sam Altman reveals the inside story of GPT-5's failure

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</div></div>OpenAI自推出GPT-5后，外界劣评如潮，更称GPT-5失败。公司行政总裁Sam Altman承认公司在GPT-5的推出上犯下错误，引发用户强烈反弹，并表示这一经验将直接影响GPT-6的开发方向。 目前ChatGPT的周活跃用户已突破7亿，较去年同期增长四倍，但Altman同时警告AI产业可能正处于过热的泡沫阶段。&nbsp;Altman在旧金山与记者私下会晤时坦承，GPT-5取代广受好评的GPT-4o模型后，引发大量用户不满，部分用户甚至威胁取消订阅。 他表示：「我认为我们在推出方面完全搞砸了一些事情。」 GPT-4o以其温暖且自然的对话风格而闻名，而GPT-5则被许多用户批评为冷淡、机械化且缺乏支援。 为平息众怒，OpenAI已为付费用户恢复了GPT-4o的使用权限。 Altman将此事件视为警讯，强调「我们已经从中吸取了教训，了解到如何在一天之内为数亿用户升级产品的意义」。&nbsp;<h3>GPT-5失败内幕 OpenAI正密切关注此现象</h3>&nbsp;Altman指出，GPT-5的推出凸显了用户与AI之间的情感连结。 尽管在r/MyBoyfriendisAI、r/AISoulmates和r/AIRelationships等Reddit论坛上，部分用户表达了对AI伴侣的依赖，甚至建立了情感关系，但Altman估计，只有少于1%的ChatGPT用户与AI存在「不健康的关系」。 他强调，OpenAI正密切关注此现象。 他表示，GPT-6的开发重点将放在如何让系统更具个人化，同时避免利用弱势用户。&nbsp;尽管GPT-5仍在持续推出中，Altman透露OpenAI已着手开发GPT-6，预计两者之间的开发周期将比GPT-4与GPT-5更短。然而，他坦承GPU短缺是限制进展的主要瓶颈，并表示OpenAI未来需要投入「数万亿美元」于数据中心建设以解决此问题。&nbsp;除了GPT-6的开发，Altman还透露OpenAI的未来规划，包括投资一家与Elon Musk的Neuralink竞争的大脑计算机介面新创公司，以及考虑参与竞购Google Chrome的战局。 此外，OpenAI也正与苹果前设计总监Jony Ive合作开发一款尚未公开的AI设备。&nbsp;Altman总结道，尽管ChatGPT用户已突破7亿，但他认为AI产业目前投资过热，存在泡沫风险。 「我们是否正处于投资者整体对AI过度兴奋的阶段？我的答案是肯定的。AI是否是很多年来最重要的事情？我的答案也是肯定的。」

Sam Altman亲揭GPT-5失败内幕 用户怒轰「冷冰冰」急复旧版救火

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</div></div>OpenAI自推出<a href="https://cftime.io/gpt-5-roadmap/">GPT-5</a>後，外界劣評如潮，更稱GPT-5失敗。公司行政總裁<a href="https://cftime.io/gen-z-needs-to-adapt-to-ai-quickly/">Sam Altman</a>承認公司在GPT-5的推出上犯下錯誤，引發用戶強烈反彈，並表示這一經驗將直接影響GPT-6的開發方向。 目前ChatGPT的周活躍用戶已突破7億，較去年同期增長四倍，但Altman同時警告AI產業可能正處於過熱的泡沫階段。&nbsp;即加入<a href="https://t.me/+l--9PJpFdIgxOTk9">CFTime TG 討論區</a>！想掌握最新加密市場動態與 AI 新聞與資訊，更能隨時獲得免費 web 3入場券！&nbsp;<a href="https://www.theverge.com/command-line-newsletter/759897/sam-altman-chatgpt-openai-social-media-google-chrome-interview">Altman在舊金山與記者私下會晤時</a>坦承，GPT-5取代廣受好評的GPT-4o模型後，引發大量用戶不滿，部分用戶甚至威脅取消訂閱。 他表示：「我認為我們在推出方面完全搞砸了一些事情。」 GPT-4o以其溫暖且自然的對話風格而聞名，而GPT-5則被許多用戶批評為冷淡、機械化且缺乏支援。 為平息眾怒，OpenAI已為付費用戶恢復了GPT-4o的使用權限。 Altman將此事件視為警訊，強調「我們已經從中吸取了教訓，了解到如何在一天之內為數億用戶升級產品的意義」。&nbsp;<h3>GPT-5失敗內幕 OpenAI正密切關注此現象</h3>&nbsp;Altman指出，GPT-5的推出凸顯了用戶與AI之間的情感連結。 儘管在r/MyBoyfriendisAI、r/AISoulmates和r/AIRelationships等Reddit論壇上，部分用戶表達了對AI伴侶的依賴，甚至建立了情感關係，但Altman估計，只有少於1%的ChatGPT用戶與AI存在「不健康的關係」。 他強調，OpenAI正密切關注此現象。 他表示，GPT-6的開發重點將放在如何讓系統更具個人化，同時避免利用弱勢用戶。&nbsp;儘管GPT-5仍在持續推出中，Altman透露OpenAI已著手開發GPT-6，預計兩者之間的開發週期將比GPT-4與GPT-5更短。然而，他坦承GPU短缺是限制進展的主要瓶頸，並表示OpenAI未來需要投入「數萬億美元」於數據中心建設以解決此問題。&nbsp;除了GPT-6的開發，Altman還透露OpenAI的未來規劃，包括投資一家與Elon Musk的Neuralink競爭的大腦計算機介面新創公司，以及考慮參與競購Google Chrome的戰局。 此外，OpenAI也正與蘋果前設計總監Jony Ive合作開發一款尚未公開的AI設備。&nbsp;Altman總結道，儘管ChatGPT用戶已突破7億，但他認為AI產業目前投資過熱，存在泡沫風險。「我們是否正處於投資者整體對AI過度興奮的階段？我的答案是肯定的。AI是否是很多年來最重要的事情？我的答案也是肯定的。」

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