The post KuCoin Donates HKD 2M for Tai Po Fire Relief in Hong Kong appeared on BitcoinEthereumNews.com. KuCoin donated HKD 2 million to support residents and firefighters affected by the fire in Tai Po, Hong Kong.  The company expressed solidarity with the victims and pledged to continue monitoring relief.  KuCoin has a history of humanitarian work, including disaster relief in Vietnam, Turkey, Nigeria, and the Bahamas. Crypto exchange KuCoin has stepped forward to support relief efforts following a devastating fire at Wang Fuk Court in Tai Po, Hong Kong. In response, KuCoin donated HKD 2 million through the Tong Yan Fund to support relief efforts for affected residents and Hong Kong Fire Services Department personnel. Solidarity with Firefighters and Survivors KuCoin expressed respect to the frontline firefighters and rescue teams who worked tirelessly to contain the blaze. The company also extended heartfelt sympathy to the residents and families impacted by the tragedy. In its statement, KuCoin said it will continue to monitor the progress of local relief and community rebuilding initiatives and stand with Hong Kong residents during this challenging period.  KuCoin’s contribution joins a growing number of relief efforts, providing both financial and moral support to the community in the aftermath of one of Hong Kong’s deadliest fires in decades. KuCoin’s Humanitarian Efforts Notably, KuCoin has a history of supporting communities during crises. In 2024, the exchange airdropped up to 10,000 KCS tokens to users in Vietnam affected by Typhoon Yagi and donated 1 million Liras for disaster relief in Turkey.  The company has also provided 2,500 solar lamps to schools in Nigeria and distributed “Climate Change Buckets” to women and girls in the Bahamas and at St. Jude Hospital in Africa. These initiatives demonstrate KuCoin’s commitment to both its global users and humanitarian causes in crisis-affected regions. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute… The post KuCoin Donates HKD 2M for Tai Po Fire Relief in Hong Kong appeared on BitcoinEthereumNews.com. KuCoin donated HKD 2 million to support residents and firefighters affected by the fire in Tai Po, Hong Kong.  The company expressed solidarity with the victims and pledged to continue monitoring relief.  KuCoin has a history of humanitarian work, including disaster relief in Vietnam, Turkey, Nigeria, and the Bahamas. Crypto exchange KuCoin has stepped forward to support relief efforts following a devastating fire at Wang Fuk Court in Tai Po, Hong Kong. In response, KuCoin donated HKD 2 million through the Tong Yan Fund to support relief efforts for affected residents and Hong Kong Fire Services Department personnel. Solidarity with Firefighters and Survivors KuCoin expressed respect to the frontline firefighters and rescue teams who worked tirelessly to contain the blaze. The company also extended heartfelt sympathy to the residents and families impacted by the tragedy. In its statement, KuCoin said it will continue to monitor the progress of local relief and community rebuilding initiatives and stand with Hong Kong residents during this challenging period.  KuCoin’s contribution joins a growing number of relief efforts, providing both financial and moral support to the community in the aftermath of one of Hong Kong’s deadliest fires in decades. KuCoin’s Humanitarian Efforts Notably, KuCoin has a history of supporting communities during crises. In 2024, the exchange airdropped up to 10,000 KCS tokens to users in Vietnam affected by Typhoon Yagi and donated 1 million Liras for disaster relief in Turkey.  The company has also provided 2,500 solar lamps to schools in Nigeria and distributed “Climate Change Buckets” to women and girls in the Bahamas and at St. Jude Hospital in Africa. These initiatives demonstrate KuCoin’s commitment to both its global users and humanitarian causes in crisis-affected regions. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute…

KuCoin Donates HKD 2M for Tai Po Fire Relief in Hong Kong

2025/11/28 04:18
  • KuCoin donated HKD 2 million to support residents and firefighters affected by the fire in Tai Po, Hong Kong. 
  • The company expressed solidarity with the victims and pledged to continue monitoring relief. 
  • KuCoin has a history of humanitarian work, including disaster relief in Vietnam, Turkey, Nigeria, and the Bahamas.

Crypto exchange KuCoin has stepped forward to support relief efforts following a devastating fire at Wang Fuk Court in Tai Po, Hong Kong.

In response, KuCoin donated HKD 2 million through the Tong Yan Fund to support relief efforts for affected residents and Hong Kong Fire Services Department personnel.

Solidarity with Firefighters and Survivors

KuCoin expressed respect to the frontline firefighters and rescue teams who worked tirelessly to contain the blaze. The company also extended heartfelt sympathy to the residents and families impacted by the tragedy.

In its statement, KuCoin said it will continue to monitor the progress of local relief and community rebuilding initiatives and stand with Hong Kong residents during this challenging period. 

KuCoin’s contribution joins a growing number of relief efforts, providing both financial and moral support to the community in the aftermath of one of Hong Kong’s deadliest fires in decades.

KuCoin’s Humanitarian Efforts

Notably, KuCoin has a history of supporting communities during crises. In 2024, the exchange airdropped up to 10,000 KCS tokens to users in Vietnam affected by Typhoon Yagi and donated 1 million Liras for disaster relief in Turkey. 

The company has also provided 2,500 solar lamps to schools in Nigeria and distributed “Climate Change Buckets” to women and girls in the Bahamas and at St. Jude Hospital in Africa.

These initiatives demonstrate KuCoin’s commitment to both its global users and humanitarian causes in crisis-affected regions.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/kucoin-donates-hkd-2m-for-tai-po-fire-relief-in-hong-kong/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Why Tom Lee’s BitMine Is Buying Ethereum (ETH) Aggressively Despite Market Fear

Why Tom Lee’s BitMine Is Buying Ethereum (ETH) Aggressively Despite Market Fear

BitMine Immersion Technologies, the largest corporate holder of Ethereum (ETH), has doubled down on its acquisition of ETH in December, highlighting confidence in the asset. The renewed buying comes despite a tough environment for Ethereum. Rising exchange inflows and ongoing exchange-traded fund (ETF) outflows point to short-term pressure across the market. BitMine Scoops Up 138,452 ETH in a Week, Now Controls 3.2% of Supply According to a recent disclosure, BitMine acquired 138,452 ETH last week, representing a 156% increase over the previous four weeks. Its total holdings stand at 3.86 million ETH. This accounts for over 3.2% of Ethereum’s circulating supply. Furthermore, it puts BitMine two-thirds of the way toward its goal to control 5% of ETH’s supply. Since adopting ETH as a reserve asset, BitMine has continued to make large-scale purchases. Between June 30 and October 5, BitMine accumulated 2.83 million ETH. Since October 5, it has added another 1.03 million ETH to its holdings. Ethereum’s weakness throughout the fourth quarter makes BitMine’s steady accumulation even more notable. Since early October, ETH has shed about 24.8% of its value, reflecting persistent downward pressure. December has offered a small break from that trend. The price has climbed more than 4% since the start of the month, and with it have climbed BitMine’s ETH purchases. According to BitMine Chairman Tom Lee, the company’s accelerated purchasing activity reflects its confidence that ETH will likely see gains in the coming months, supported by several key catalysts. These include the Fusaka upgrade, which was activated last week and delivers meaningful improvements to Ethereum’s scalability, security, and overall network efficiency. BitMine also points to the broader macro backdrop, with the Federal Reserve ending quantitative tightening and potentially introducing another interest rate cut tomorrow. Together, these developments form the basis for the company’s view that market conditions could turn more supportive for ETH after weeks of volatility. “We are now more than 8 weeks past the October 10th liquidation shock event, a sufficient length of time to allow crypto to again trade on forward fundamentals,” Lee added. Market Conditions Point to Near-Term Volatility Despite this, on-chain data signals caution. CryptoOnchain noted that Ethereum exchange netflow to Binance has surged. The exchange received 162,084 ETH on December 5, 2025. This was the largest single-day inflow of ETH to the exchange since May 2023. Large deposits on exchanges often suggest impending sell pressure, since investors typically transfer tokens to platforms before liquidating. “Given the magnitude of this inflow, market participants should remain cautious. A supply shock of this size, if executed as market orders, could lead to heightened volatility or a short-term price correction,” the analyst stated. Furthermore, Ethereum exchange-traded funds are also signaling weakened demand. The ETFs experienced a record $1.4 billion in net outflows in November 2025, marking the largest monthly withdrawal on record. The trend has continued into December. According to SoSoValue, an additional $65.59 million exited ETH-focused ETFs in the first week of the month. “Historically, ETF flow reversals tell you more about liquidity pressure than about long term fundamentals. When redemptions spike, it’s usually a sign that broader risk sentiment is cracking, not that the asset itself broke. If ETF outflows continue, near term price action stays choppy as liquidity gets drained at the edges,” Milk Road posted. The ongoing divergence between direct accumulation and ETF redemptions highlights a market split, with retail and institutional players following diverging strategies regarding Ethereum’s outlook.
Share
Coinstats2025/12/09 16:08
Tom Lee’s BitMine Continues Aggressive Buying of Ethereum

Tom Lee’s BitMine Continues Aggressive Buying of Ethereum

The post Tom Lee’s BitMine Continues Aggressive Buying of Ethereum appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies, the largest corporate holder of Ethereum (ETH), has doubled down on its acquisition of ETH in December, highlighting confidence in the asset. The renewed buying comes despite a tough environment for Ethereum. Rising exchange inflows and ongoing exchange-traded fund (ETF) outflows point to short-term pressure across the market. Sponsored BitMine Scoops Up 138,452 ETH in a Week, Now Controls 3.2% of Supply According to a recent disclosure, BitMine acquired 138,452 ETH last week, representing a 156% increase over the previous four weeks. Its total holdings stand at 3.86 million ETH. This accounts for over 3.2% of Ethereum’s circulating supply. Furthermore, it puts BitMine two-thirds of the way toward its goal to control 5% of ETH’s supply. Since adopting ETH as a reserve asset, BitMine has continued to make large-scale purchases. Between June 30 and October 5, BitMine accumulated 2.83 million ETH. Since October 5, it has added another 1.03 million ETH to its holdings. Ethereum’s weakness throughout the fourth quarter makes BitMine’s steady accumulation even more notable. Since early October, ETH has shed about 24.8% of its value, reflecting persistent downward pressure. Sponsored December has offered a small break from that trend. The price has climbed more than 4% since the start of the month, and with it have climbed BitMine’s ETH purchases. According to BitMine Chairman Tom Lee, the company’s accelerated purchasing activity reflects its confidence that ETH will likely see gains in the coming months, supported by several key catalysts. These include the Fusaka upgrade, which was activated last week and delivers meaningful improvements to Ethereum’s scalability, security, and overall network efficiency. BitMine also points to the broader macro backdrop, with the Federal Reserve ending quantitative tightening and potentially introducing another interest rate cut tomorrow. Together, these developments form the basis for the company’s view…
Share
BitcoinEthereumNews2025/12/09 16:50