Standard Chartered Bank (Hong Kong) has secured exclusive rights to distribute HKDAP, a Hong Kong dollar-backed stablecoin launched by Anchorpoint Financial, marking a pivotal step
Tag: Market
Bitcoin.com Integrates UAE-Registered Stablecoin USDU into Wallet
Bitcoin.com has expanded its offerings by integrating USDU, a US dollar-backed stablecoin registered with the UAE’s Central Bank, into its self-custodial wallet. The move allows
US Bitcoin ETFs See $337.6M Inflows on Sixth Consecutive Day
US spot Bitcoin exchange-traded funds (ETFs) attracted $337.6 million in net inflows on Monday, extending their streak of six consecutive trading days of inflows to
Bitcoin Surges to Multi-Month Highs Amid U.S. Treasury Buyback Announcements
Bitcoin (BTC) surged to multi-month highs on Monday, briefly reaching $81,000 before retreating, with the rally attributed to last week’s U.S. Treasury buyback announcement. The
Galaxy Digital Reports $85 Million Net Loss in Q2 2026 Amid Crypto Market Decline
The cryptocurrency and AI infrastructure firm Galaxy Digital posted an $85 million net loss for the second quarter of 2026, driven by a broader decline
FalconX Lays Off 10% of Workforce Amid Crypto Market Downturn
The digital asset prime brokerage FalconX has cut 10% of its global workforce and is overhauling its Singapore strategy, including reportedly withdrawing its license application
Hyperliquid Policy Center Advocates for New Classification of Perpetual Contracts
The Hyperliquid Policy Center has called on U.S. regulators to reclassify perpetual contracts using their economic structure rather than the assets they reference, arguing current
Crypto Advocacy Groups Sue Illinois Over Digital Asset Tax
The Crypto Council for Innovation (CCI) and Blockchain Association (BA) have filed a lawsuit against Illinois officials, challenging a new 0.2% tax on cryptocurrency transactions
South Korea Reports 18-Month Stablecoin Outflow Streak in June
South Korea’s five major cryptocurrency exchanges recorded a net outflow of 560.3 billion won in stablecoins during June, marking the 18th consecutive month of such
Bitcoin Treasury Company Strategy Sells $2 Billion in MSTR Shares, Uses Proceeds for Liquidity and Buybacks
A bitcoin treasury company, Strategy, has sold approximately $2 billion in MSTR shares between August 17 and 23, according to an 8-K filing submitted to
