Crypto

The Hong Kong Monetary Authority encouraged firms that are fully prepared to apply for a stablecoin license to do so by the end of September.

Support has been established in the $3.91-$3.93 range, with resistance between $4.03-$4.07.

Pyth Network has launched live, onchain price feeds for 85 major Hong Kong stocks, removing access barriers and enabling real-time financial data integration. Decentralized oracle network Pyth Network has begun publishing real-time, onchain prices for 85 of the most valuable stocks listed in Hong Kong, giving builders and traders worldwide direct access to one of Asia’s most important equity markets. The price feeds are sourced directly from institutional-grade venues and updated every 400 milliseconds across more than 100 blockchains, the project said in an announcement shared with Cointelegraph. “Whether you’re building trading strategies, structured products, tokenized portfolios, or simply want access to real-world stock prices from Asia’s financial gateway, these feeds bring Hong Kong’s equity market onchain openly, instantly, and permissionlessly,” the announcement said. Read more

The next frontier for crypto innovation is clear: Decentralized physical infrastructure networks need a tailored legal framework to unlock their full potential. It’s time for lawmakers to provide regulatory clarity for DePIN. Opinion by: Aaron Basi, head of product at IoTeX With the recent passage of the GENIUS Act, the United States has taken its first real step toward regulating crypto nationally. The bill focuses on stablecoins, establishing reserve rules, audits and authorized issuers. This is a milestone for the industry. If lawmakers want to support the next wave of innovation, they cannot stop here.  One of the fastest-growing sectors, decentralized physical infrastructure networks, or DePINs, still lacks a legal framework . Read more

The combination of Web3 and the influential Model Context Protocol (MCP) might just be a new foundation for decentralized AI, says Jesus Rodriguez, Co-founder of Sentora.

Robinhood’s crypto expansion and introduction of EU tokenized equities spur a long-term valuation boost, analysts said.

Binance and WazirX face scrutiny as India investigates cross-border wallet flows and security risks. Globally, investigative agencies have been acting against illicit crypto funding. India’s Financial Intelligence Unit (FIU-IND) is investigating the global cryptocurrency exchange Binance and the Indian exchange WazirX, focusing on potential loopholes in cross-border digital asset transfers. The investigation is driven by concerns about unregulated wallet transactions linked to accounts from Pakistan. Authorities are particularly worried about activities near sensitive areas like Jammu and Kashmir, where such transfers could be used for illegal funding or money laundering. They are also investigating the funds sent from India to addresses located outside the country. Read more

A critical access control bug in SuperRare’s staking contract — easily detectable by unit tests or even ChatGPT — allowed an attacker to steal $731,000 in RARE tokens. NFT trading platform SuperRare suffered a $730,000 exploit on Monday due to a basic smart contract bug that experts say could have easily been prevented with standard testing practices. SuperRare’s (RARE) staking contract was exploited on Monday with around $731,000 worth of RARE tokens stolen, according to crypto cybersecurity firm Cyvers. The vulnerability stems from a function meant to allow only specific addresses to modify the Merkle root, a critical data structure that determines user staking balances. However, the logic was mistakenly written to allow any address to interact with the function. Read more

Legendary trader Peter Brandt says charts can’t accurately predict prices — and admits he sometimes trolls XRP and ETH bulls just for fun. Crypto traders who think they can make accurately price predictions are delusional, says veteran trader Peter Brandt. Anyone that looks at the charts and tries to tell you where anything is going is actually just kind of fooling themselves, the 79-year-old tells Magazine. There are a lot of people who will argue with me, of course, Brandt laughs. Read more

SharpLink has now bought more than 438,000 ETH, but BitMine’s total holdings exceed 625,000 ETH — highlighting the fierce competition between the two largest ETH treasury players.

The transaction was backed by sixty institutional and crypto-native investors, including Polychain Capital, GSR.

Why Tokenized Stocks are important: A Breakdown #Crypto #Tokenization #kraken Decrypt spoke to Kraken's global head of consumer, Mark Greenberg, to break down the world of tokenized stocks—and explore Kraken's entry into the space with its XStocks offering.

ETH treasury firms bought 1% of all Ethereum in just 2 months—analyst predicts 10x growth could push prices past $4,000.

The firm, led by Joesph Lubin, has emerged as one of the largest corporate ether holders since its pivot to a crypto treasury strategy.

This aims to bring a change to how oracles traditionally work.

InternetX partners with D3’s Doma Protocol to tokenize 22 million domains, aiming to bring traditional web domains into the Web3 ecosystem. InternetX, a domain registrar under the IONOS hosting umbrella, plans to tokenize its entire portfolio of 22 million domains using D3’s Doma Protocol, potentially bringing traditional domains onchain. The Doma Protocol is a DNS-compliant blockchain platform designed for domain finance. Through this partnership, InternetX will enable customers and partners to convert traditional domains into blockchain-based tokens, potentially unlocking use cases such as crypto trading, fractional ownership and other Web3 applications. InternetX customers will also gain access to new Web3 distribution channels via Doma, with bridging capabilities to major blockchain networks including Solana, Coinbase’s Base and Avalanche. Read more

Hong Kong has formalized oversight of stablecoins, issuing licensing and AML guidelines effective Aug 1. Issuers must seek HKMA feedback by Aug 31 and file full applications by Sept 30, while existing operators have a transition period to meet new governance standards. The post Hong Kong Monetary Authority Releases Stablecoin Licensing Framework – CBDCs Coming Soon? appeared first on Cryptonews.

Crypto lender Abra has quietly paused withdrawals for international customers without public announcement, sparking fears of another major platform collapse similar to Celsius and BlockFi as desperate users flood social media demanding access to their frozen funds. The post Crypto Lender Abra Secretly Pauses Withdrawals, Customers Fear $700M Platform Collapse appeared first on Cryptonews.

Amsterdam-based crypto derivatives exchange D2X has secured €4.3 million in fresh funding from a lineup of heavyweight backers, including CMT Digital. The post D2X Raises €4.3M from Circle, CMT Digital to Expand Institutional Crypto Derivatives appeared first on Cryptonews.

A senior European Central Bank advisor has warned that Europe risks losing monetary sovereignty as euro-denominated stablecoins capture just 0.15% of the $230 billion global market while USD-pegged tokens like USDT and USDC account for 99% of total stablecoin market capitalization. The post Is Europe Losing the Stablecoin War? ECB Advisor Warns Yes appeared first on Cryptonews.