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OSL Group, a Hong Kong-based cryptocurrency exchange, has raised $300 million to expand its stablecoin infrastructure globally, following Hong Kong's new regulatory plans.

OSL Group, a Hong Kong-based crypto exchange, has raised $300 million to expand its global footprint and stablecoin offerings ahead of Hong Kong's stablecoin regulation plan.

Typhoon Wipha hit Hong Kong and southern China, causing widespread disruptions, with over 500 flights cancelled, strong winds toppling trees and destroying scaffolding, and heavy rain triggering the highest storm warning. The storm then moved west, hitting mainland China, with thousands affected and at least three dead in the Philippines.

Hong Kong's League of Social Democrats, one of the city's last major pro-democracy parties, has disbanded under intense political pressure.