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Xiaohongshu launches a special action for the governance of financial professional accounts to address illegal inducements for cross-border investment and other violations

According to the Securities Times, Xiaohongshu has launched a special governance action for certified professional accounts in the financial sector starting from June 3. Based on relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts on the platform must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has dealt with over 1,500 non-compliant financial professional accounts and will continue to comprehensively strengthen the public verification and validation mechanism, conducting regular inspections and handling of existing accounts.Staff introduced that since May, the Xiaohongshu platform has dealt with a total of 31,000 accounts involved in financial sector violations and marketing accounts without financial-related qualifications, including 539 notes and 146 comments related to illegal inducement of cross-border investment issues; 141 related notes regarding the low-priced resale of foreign investment bank research reports, and freezing of 132 related products. In addition, the platform has also handled over 130 pieces of suspected illegal information related to gold financial marketing promotion and domestic promotion of overseas platforms.

Hong Kong Monetary Authority: Three new regulatory measures for investment accounts of mainland investors, with account opening verification retroactive to January 2023

According to a report by the Financial Associated Press, in response to the issue of "some banks in the Hong Kong region requiring a declaration to open investment accounts," the Hong Kong Monetary Authority (HKMA) responded today that the relevant regulatory requirements were issued to all recognized institutions on May 22.Materials provided by the HKMA indicate that registered institutions must take three additional measures when opening and managing investment accounts for mainland investors, including:Closing investment accounts opened using suspicious or forged documents, identifying customer investment accounts that have used suspicious or forged documents since January 2023 or during any other period specified by the HKMA; relevant documents include identification documents.Closing investment accounts with zero balance that have been inactive, specifically referring to investment accounts held by mainland investors that have had no asset balance as of May 22, 2026 (reference date), and have had no activity initiated by the customer in the 12 months prior to the reference date.When opening new investment accounts, obtaining a written declaration from the mainland investor confirming that all funds used to support investment activities and related settlements come from legal sources outside mainland China.Relevant documents show that the newly added additional regulatory measures apply only to investment accounts, including investment accounts within comprehensive bank accounts; non-investment functions (such as regular savings, time deposits, payments, loans, and credit cards) are not within the scope of these measures. Additionally, the applicable subjects of these additional measures are individual customers and do not apply to corporate or institutional clients.

Bitmine's latest holdings reached 5.39 million ETH, accounting for 4.47% of the supply, with total assets of $12.3 billion. Metaplanet issued 8 billion yen in bonds on April 24 to continue increasing its BTC holdings, maintaining a total of 40,177 coins

According to BBX data, yesterday (May 26), the largest publicly traded company holding Ethereum announced the latest SEC filing, with Strive's weekly increase of 1,109 coins maintaining a steady pace, and the SATA financing flywheel continuing to operate. The core dynamics are as follows:Bitmine Immersion Technologies, Inc. (NYSE: $BMNR) submitted Form 8-K to the SEC on May 26, disclosing that as of that date, the company's ETH holdings reached 5.39 million coins (accounting for 4.47% of the total ETH circulation, with a target of 5%, currently completed 89%), with a total of approximately $12.3 billion in combined crypto assets, cash, and strategic equity investments; among which 4,712,917 ETH has been staked (valued at approximately $10.1 billion at $2,134 per coin), with a 7-day staking annualized yield of 2.75%, and an estimated annualized income of approximately $276 million based on full staking; the company's self-operated validation node platform MAVAN has also opened staking services to external institutions. Chairman Tom Lee pointed out in a statement that if the ETH closing price in May is above $2,100, it will be the first time there has been a positive monthly close for three consecutive months, "which has never happened in a crypto bear market." The average daily trading volume of $BMNR over the past 5 days is approximately $572 million, making it the 193rd most actively traded stock in the U.S.Strive, Inc. (NASDAQ: ASST) disclosed in its 8-K on May 26 the asset changes from May 18-22: BTC holdings increased from 15,391 coins to 16,500 coins (a net increase of 1,109 coins), cash increased from $87.3M to $93.3M (+$6M), and STRC holdings increased from $49.8M to $50.1M; during the same period, Class A common stock increased by approximately 2.23 million shares (conversion of SATA preferred stock), and the total amount of SATA preferred stock increased by approximately 515,000 shares. Strive uses the issuance of SATA preferred stock as its main financing tool, continuing the systematic accumulation of BTC; the BTC yield from 2026 to date is approximately 18.4% (as of May 19).
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