The bond was auctioned off to holders of the digital yuan, a central bank digital currency (CBDC) developed by the Chinese government. Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process. According to Sina, the onchain government bonds were issued by Hua Xia Financial Leasing, a subsidiary of Hua Xia Bank, a state-controlled commercial bank in China. The bonds offered a three-year fixed yield of 1.84% to holders. The $600 million bond tranche was auctioned off exclusively to holders of China’s digital renminbi, also known as the digital yuan. Read more
After securing $20 million in seed funding for the project in January, Brian Shroder announced a step toward 1Money’s planned stablecoin network. 1Money, a company co-founded by the former CEO of Binance.US, has launched a stablecoin orchestration platform ahead of its plans to build a layer-1 blockchain for payments. In a Thursday announcement, 1Money said the platform by the same name will have “zero platform fees,” opting instead for usage-based fees for transactions involving stablecoins and fiat. According to the company, the initiative will continue on 1Money’s layer-1 network for stablecoin payments, offering no gas fees. “For too long, legacy stablecoin service providers have held the ecosystem back with outrageously high monthly minimums and bloated fees, 1Money is ending that era,” said Brian Shroder, 1Money co-founder and CEO and former CEO of Binance.US. Read more
Kalshi will provide real-time prediction data across CNBC’s TV, digital and subscription platforms beginning in 2026 as part of a mult-year partnership. CNBC has entered a multi-year partnership with prediction market operator Kalshi to incorporate real-time forecasting data across its TV, digital and subscription platforms. According to Thursday’s announcement, Kalshi’s event probability data will be integrated into CNBC programming beginning in 2026, including on shows such as “Squawk Box” and “Fast Money,” with a dedicated ticker displaying forecast moves in real-time. Kalshi will also launch a CNBC-branded page on its platform featuring markets selected by the network. Read more
ETH outperformed Bitcoin in terms of spot ETF flows and short-term returns. Technical charts suggest traders are positioning for a 20% upmove. Ether (ETH) has outperformed Bitcoin (BTC) in terms of price action and exchange-traded fund (ETFs) flows this week, reinforcing the capital rotation narrative. Over the past two weeks, the spot ETH ETFs recorded $360 million in net inflows versus BTC’s $120 million, signaling a shift in investors’ preference for the time being. Key takeaways: Spot ETH ETFs have attracted three times more inflows than BTC, strengthening their relative momentum. Read more