Hong Kong's cryptocurrency-related stocks faced a sharp decline on August 20, 2025. New Fire Technology Holdings (01611.HK) dropped over 10%, while OKG Technology Holdings (01499.HK) fell by more than 8%, according to Jinshi Data. Other stocks, including Boyaa Interactive (00434.HK), OLS Group (00863.HK), and Guotai Junan International (01788.HK), also experienced significant losses. This widespread downturn indicates a shift in investor sentiment towards crypto stocks in the region.