Crypto

The "Anchorpoint" joint venture aims to capitalize on Hong Kong's newly launched stablecoin licensing regime.

Your day-ahead look for Aug. 8, 2025

Bags Wif Hat? The founder of a rising token launchpad bought a meme coin-linked knitted hat for nearly $800,000—here’s why.

XRP spikes 10%, XLM and LINK follow with double-digit rallies as Ripple’s multi-year battle with the SEC ends.

As trust in crypto exchanges remains low, Binance’s new custody deal with BBVA marks a shift toward traditional finance safeguards. Binance has partnered with BBVA, one of Spain’s biggest banks, to act as an independent custodian for customer funds, according to a Friday report in the Financial Times citing two people familiar with the arrangement. The move reportedly aims to restore confidence in centralized crypto investing following scandals such as the FTX collapse and Binance’s own regulatory troubles. The FT report said Binance users can now custody assets with BBVA, offering enhanced security through bank-backed collateral. Binance has also partnered with Switzerland’s Sygnum and FlowBank to serve as independent custodians. Read more

The world’s largest crypto exchange has turned to BBVA in a bid to rebuild trust and limit counterparty risk.

IVD Medical’s ETH buy will serve as both the backbone of its ivd.xyz tokenization platform and a yield-generating treasury asset, powering settlements, stablecoin backing, and staking strategies.

Humanity Protocol’s $1.1B-valued mainnet uses zkTLS to link Web2 credentials with Web3 services while keeping user data private.

Bitcoin’s energy-based “fair value” sits at $167K, 45% above its current price, as record hash rate data shows BTC trading at a deep 31% discount. Key points: Bitcoin is heavily undervalued vs its “fair” price based on miner output. The Energy Value metric calculates that BTC should be trading at almost $170,000. Read more

Standard Chartered’s Hong Kong arm and Animoca Brands have launched a joint venture, Anchorpoint Financial, to develop a licensed Hong Kong dollar stablecoin. The Hong Kong subsidiary of major bank Standard Chartered has partnered with Web3 software company Animoca Brands to develop a Hong Kong-dollar stablecoin. According to a Friday announcement from Animoca Brands, the two companies jointly established Anchorpoint Financial Limited in Hong Kong to apply for a local stablecoin issuer license. The shared subsidiary will be tasked with building a business model focused on issuing and advancing licensed stablecoins. Per the announcement, Anchorpoint Financial already indicated formal interest in obtaining a stablecoin license with the Hong Kong Monetary Authority on Aug. 1. This followed the regulator’s implementation of its new stablecoin framework through a six-month transition period with special rules. Read more

The joint venture, known as Anchorpoint, also includes Hong Kong Telecom and aims to build a business model for the issuance of licensed stablecoins.

Cryptocurrency exchanges have been rolling out stricter controls and clearer disclosures on how user funds are safeguarded.

The Solana memecoin launchpad says its new Glass Full Foundation will inject liquidity into select ecosystem tokens.

ETH’s price appreciation has also been supported by the growing number of public “crypto treasury companies,” or firms that buy and hold tokens directly or through dedicated vehicles.

Tornado Cash co-founder Roman Storm faces decades in prison if prosecutors retry deadlocked charges in a high-profile case.

Dorsey's fintech company now holds 8,692 BTC worth over $1.15 billion, according to the company’s latest 10-Q filing.

Two Seas Capital is challenging Core Scientific’s $9 billion sale to CoreWeave, arguing the terms significantly undervalue the miner.

Memecoin hits 22-cents with explosive 1 billion+ trading volume during key breakouts as institutional interest builds.

FxPro chief market analyst Alex Kuptsikevich said the rebound aligns with “growing appetite in the stock markets,” but warned that BTC is “trapped in a narrow range.”

Futures market data shows traders quickly closed positions after a burst of speculative activity tied to White House policy moves.