PANews reported on November 2nd that the Ethereum Hong Kong Hub was officially launched at the 2025 Hong Kong Digital Asset Forum. Hong Kong Legislative Council Member (Technology Innovation Sector) Yau Tat-Ken, Ethereum Foundation Co-Executive Director Tomasz Stańczak, SNZ Holding CEO Shih Hai-Hua, and Chief Investment Officer Wang Keyi jointly unveiled the innovation hub, witnessed by ecosystem partner representatives and other attendees.
Initiated by SNZ and supported by the Ethereum Foundation's ETHEverywhere team, the center is planned to be located in New World Town Hall and operated by SNZ and EHTAO. Initially, dozens of institutions and ecosystem partners have participated in supporting it, covering a multi-dimensional ecosystem including venture capital, infrastructure, community, and culture. The center will be dedicated to connecting the global Ethereum ecosystem with the Asian market, providing comprehensive support for developers, entrepreneurs, and institutions, and focusing on promoting innovative practices in the Ethereum field, helping Hong Kong consolidate its position as a global digital asset hub.


BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
