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Hong Kong’s first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. The transfer of Hong Kong’s HKD-backed stablecoin on Ethereum (ETH) demonstrates the regulator’s willingness to adopt innovative DeFi tooling. According…
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Asset tokenization platform Securitize is moving ahead with a SPAC merger on Nasdaq, aiming to accelerate its expansion beyond stablecoins into a broader universe of tokenized securities. Securitize’s efforts to “tokenize the world” just took an added-value turn, with the…
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HYPE has surged to fresh all-time highs above $60, with a 24-hour gain of 16.15%, extending an explosive uptrend powered by ETF demand and DeFi-native speculation. According to market data, HYPE (HYPE) has broken through $60 as of May 21 and is…
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Bankless is facing backlash after reportedly laying off most of its staff without a public announcement, even as co-founder Ryan Sean Adams declared the “end” of the media brand’s first era on X. The immensely popular crypto podcast Bankless is…
Follow-up
The CLARITY Act would formally treat Ethereum as a digital commodity under CFTC oversight if it becomes law, stripping the SEC of latitude to call ETH a security and ending years of jurisdictional ambiguity. Coincidentally or not, the political class…
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Long-term Bitcoin holders have pushed their holdings back up to about 16.3 million BTC, near all-time highs, breaking a two-and-a-half-year downtrend in so‑called “smart money” supply. CoinDesk reports that Bitcoin’s (BTC) long-term holder (LTH) supply has risen to around 16.3…
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CoinGecko’s 2026 Crypto Perpetuals Report shows Binance and OKX still dominating perpetual futures, even as decentralized perp exchanges rapidly gain ground in open interest. CoinGecko’s new 2026 Crypto Perpetuals Report finds that in the first four months of 2026, Binance…
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Bitcoin has dipped below $77,000 on Gate, with the BTC/USDT pair trading just under the threshold in a muted session. According to market data, the BTC/USDT pair is currently priced at $76,998, putting bitcoin just under the $77,000 level. The…
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Blockchain.com has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission, taking a formal step toward a U.S. initial public offering. Crypto trading platform Blockchain.com has confidentially filed for a U.S. initial public offering, according to Bloomberg.…
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Crypto infrastructure startup Cycles has raised $6.4 million in seed funding to build a private clearing network aimed at reducing liquidity usage and counterparty risk across digital asset markets. Cycles, a crypto financial infrastructure company focused on private market clearing,…
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Bitcoin hardware wallet maker Foundation has raised $6.4 million in new funding led by Fulgur Ventures as it pushes beyond self-custody into identity, authentication and AI agent authorization. Bitcoin (BTC) hardware wallet manufacturer Foundation has closed a $6.4 million funding…
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a16z crypto says Wall Street is adopting blockchain less for ideology than for efficiency, risk control and programmable market infrastructure that makes assets composable. a16z crypto general partner Guy Wuollet says the financial industry is undergoing a digital migration in…
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Fed hike odds have climbed to 52% while 30-year U.S. Treasury yields have pushed above 5%, tightening financial conditions and upping the pressure on risk assets from stocks to crypto. Market-based indicators show traders assigning a roughly 52% probability that…
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AI search startup Exa Labs has raised $250 million in a new funding round led by Bloomberg, pushing its post-money valuation to $2.2 billion. Exa Labs has secured $250 million in fresh financing led by Andreessen Horowitz, according to Bloomberg,…
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Plume has obtained a digital asset business license from the Bermuda Monetary Authority, making it the first regulated on-chain vault manager and giving the real-world asset protocol a formal place inside one of crypto’s best-known regulatory regimes. Plume announced the…
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Drift Protocol said its insurance fund was not affected by the recent attack and that users who staked into the fund will be able to withdraw their shares normally once the protocol is brought back online. Drift said in an…