HSBC, ICBC eye Hong Kong stablecoin licenses under new regime: Report
HSBC and ICBC reportedly plan to apply for Hong Kong stablecoin licenses, with ICBC and Standard Chartered expected to secure first-round approvals.
HSBC and ICBC reportedly plan to apply for Hong Kong stablecoin licenses, with ICBC and Standard Chartered expected to secure first-round approvals.
Selling by Bitcoin long-term holders, reduced buying by Treasury Companies and a weakening technical structure could push BTC’s price toward $95K.
Backpack EU, owner of the former FTX EU, launches a regulated perpetual futures platform in Europe after settling with the Cyprus regulator and securing a MiFID II license.
German authorities may have missed seizing as much as $5 billion in Bitcoin tied to a piracy site it investigated last year, according to Arkham.
Metaplanet CEO Simon Gerovich said in June that the company’s long-term goal is to acquire 210,000 Bitcoin total by 2027.
Ethereum’s stablecoin supply surged to a record $165 billion after $5 billion in weekly inflows, cementing its RWA market dominance.
Bitcoin whales sold around $12.7 billion of Bitcoin last month, pressuring prices and “signaling intense risk aversion among large investors.”
Bitcoin Ordinals leader Leonidas said his community would fork Bitcoin Core if developers reversed the upcoming update that allows for more Ordinals and Runes transactions.
A Messari analyst says Ethereum is “dying” as revenue fell 44% in August. Others argue it’s a flawed way to measure the blockchain’s success.
An NYDIG analyst has warned of possible market turbulence as the gap between the share price and asset values of Bitcoin holding companies has narrowed.