HK Stock Market Move | STARCOIN GROUP(00399) surged more than 100% and the cumulative increase over the past three trading days reached 3.5 times.

STARCOIN GROUP (00399) soared more than 100% at one point, with a cumulative increase of 3.5 times in the past three trading days. As of the time of writing, it has risen by 92.59%, to HK$0.26, with a trading volume of HK$51.8525 million. On the news front, on February 13th, STARCOIN GROUP announced that it has entered into a strategic cooperation framework agreement with China International Numismatic Financial Group Limited for a project to tokenized real-world assets in gold. The board of directors believes that this cooperation aligns with the group's strategic development in blockchain infrastructure and digital asset technology. This collaboration is expected to create new revenue streams through providing technical services, participating in ecosystem operations, and RWA-related business, thus diversifying sources of income. In addition, Hong Kong Legislative Councilor Eddy Chu Hoi Dick stated that Hong Kong is expected to issue the first batch of stablecoin issuer licenses in March this year, recommending that after the issuance of licenses, stablecoins should be distributed to eligible citizens through "stablecoin airdrops/consumer vouchers" for use in local small and medium enterprise consumption (such as dining and entertainment) to promote adoption and stimulate the economy. The relevant administrative costs can be borne by the licensed companies.