The UK's Financial Conduct Authority (FCA) has initiated a civil lawsuit against HTX, formerly Huobi, in London's High Court. The regulator accuses the global crypto exchange of illegally promoting cryptoasset services to UK consumers without proper authorization or registration, marking a significant escalation in the FCA's efforts to enforce its new financial promotions regime for digital assets.

Moon Inc. (HKEX: 1723) has raised roughly HK$65.5 million (about US$8.8 million) to launch a Bitcoin prepaid card in Thailand and South Korea, with broader expansion across Asia under evaluation. The Hong Kong–listed firm, formerly HK Asia Holdings, plans to sell BTC through prepaid card rails at convenience stores, kiosks, and telecom shops—letting users “top up” Bitcoin similar to mobile airtime.

Hong Kong has approved and launched its first spot Solana ETF, issued by ChinaAMC, giving institutional investors regulated exposure to SOL without needing wallets or private keys. Trading begins Oct. 27 on the Hong Kong Stock Exchange across HKD, USD, and RMB counters, tracking the CME CF Solana-USD Index with an expense ratio near 2%.