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China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
China’s 2021 crypto ban remains intact, and lawyer Joshua Chu explains why supposed loopholes in Hong Kong and beyond are illusions that end in crackdowns. Chinas crypto ban has been in place since 2021, but that hasnt stopped companies from chasing what they believe are ways to reenter. Hyped-up stablecoin announcements in Hong Kong and overseas listings that hint at digital assets are just some of the ways companies are testing boundaries. Each time, Beijing responds with fresh warnings a stark reminder that Chinas crypto U-turn isnt around the corner. The latest warning reportedly came from the China Securities Regulatory Commission, which advised companies to pause real-world asset ventures in Hong Kong. It followed a state-owned company scrubbing announcements about tokenizing bonds and other enterprises revealing RWA projects, piling on recent warnings against stablecoins after Hong Kong introduced its licensing framework. Read more
"South Park" is back to roasting crypto in its recent episode, but digital assets like Bitcoin have been a pop culture punchline for a long time. “South Park” extended its running gag on cryptocurrency in a recent episode, taking aim at prediction markets, trading apps, US regulators and politicians tied to the industry. Now in its 27th season, the animated series has built its reputation on unhinged satire of global events. Crypto has repeatedly taken some hits. Not everyone enjoys being lampooned on TV shows — the White House recently condemned its depiction of President Donald Trump in a relationship with Satan — but earlier crypto references were often embraced within the industry as proof of mainstream recognition. Read more
US First Lady Melania Trump promoted her MELANIA token in an AI video, but questions linger over $10 million in team token sales and a 98% price collapse. US First Lady Melania Trump has resumed promoting her Solana-based memecoin, MelaniaMeme (MELANIA), after months of silence, even as the project faces ongoing questions about millions of dollars in unexplained token sales. In a Thursday X post, Trump returned with an artificial intelligence-generated video promoting the Official MelaniaMeme token as the path “into the future,” tagging the official X account of the memecoin. However, blockchain analysts were quick to note that the promotion did not address concerns over token sales by team wallets. Read more
Despite dominating stablecoin inflows, Tether’s USDt and Circle’s USDC have slowly lost market share, signaling the end of the “stablecoin duopoly.” Tether’s USDt and Circle’s USDC, the two largest stablecoins by market capitalization, have slowly lost market share in the past year, suggesting a major shift in the stablecoin landscape. Despite Tether’s USDt (USDT) and Circle’s USDC (USDC) steadily increasing their market caps, the stablecoins have lost more than 5% of their combined market share since Oct. 2, 2024, according to data from DefiLlama and CoinGecko. Nic Carter, industry analyst and Castle Island Ventures partner, took to X on Wednesday to address the decline of USDT and USDC dominance in a post titled “The stablecoin duopoly is ending.” Read more
Tether is estimated to be the crypto company closest to rivaling OpenAI’s $500 billion valuation, far ahead of Coinbase, Ripple and Circle. Artificial intelligence company OpenAI has become the world’s largest startup after reaching a $500 billion valuation in a secondary share sale. Citing anonymous sources, Bloomberg reported on Thursday that current and former OpenAI employees sold $6.6 billion in stock to investors including Thrive Capital, SoftBank Group Corp., Dragoneer Investment Group, Abu Dhabi’s MGX and T.Rowe Price. The investment round boosted OpenAI's valuation to $500 billion, leapfrogging Elon Musk’s startup SpaceX, which has a market capitalization of about $400 billion. The company also dwarfed startups ByteDance and Anthropic, which are valued at $220 billion and $183 billion, respectively. Read more
The Instant Tokenization Network allows institutions to mint and redeem tokenized US stocks with in-kind settlement and 24/7 access. US broker-dealer Alpaca has launched an Instant Tokenization Network (ITN) that allows institutions to mint and redeem tokenized US stocks directly, a move that could help boost onchain liquidity in a segment of the tokenization market still constrained by structural barriers. The ITN enables institutions to tokenize portfolios with a single API call and redeem tokens in-kind for the underlying shares without settlement delays, Alpaca disclosed Wednesday. The service operates beyond traditional market hours, offering 24/7 access. By allowing in-kind redemptions — directly exchanging tokens for their underlying assets rather than settling in cash first — the network aims to make tokenized stocks more liquid and efficient. Read more
Bullish’s crypto trading services are now on offer across 20 US states after receiving regulatory approval from New York’s financial regulator last month. Institutionally-focused crypto trading platform Bullish has launched in 20 US states after receiving a BitLicense and a money transmission license from the New York financial services regulator last month. Bullish debuted spot trading with two institutional clients on its first day: crypto infrastructure firm BitGo and crypto brokerage Nonco, it said on Wednesday. Some of the largest states where trading on Bullish is now accessible include California, Florida, Arizona, Washington, DC, and New York, where the New York State Department of Financial Services approved Bullish’s BitLicense and money transmission license. Read more
Galaxy Research’s latest report finds that memecoins draw new users into crypto, but the spoils go to enrich launchpads, exchanges and bots rather than traders themselves. Memecoins may attract new users to blockchains, but the profits largely flow to the platforms that launch and trade the tokens, according to a new report from Galaxy Research. The study released on Wednesday shows that while most traders lose money in a short-term gambling market, infrastructure providers such as launchpads, decentralized exchanges and trading bots capture millions in revenue by facilitating memecoin trading. Solana’s Pump.fun, a memecoin launchpad that debuted in early 2024, has been a major beneficiary, with tokens on the platform representing a combined $4.8 billion in fully diluted market value, as per the report. Read more
Travis Hill has served as acting FDIC chair since Donald Trump took office on Jan. 20, later issuing guidance on crypto-related activities and criticizing allegations of debanking. US President Donald Trump sent the nomination of acting chair of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, to the Senate for consideration to assume the government role for a five-year term. According to congressional records, Trump’s nomination of Hill as FDIC chair was sent to the Senate Banking Committee on Tuesday. Before assuming his role at the FDIC, Hill issued a statement that the department should offer additional guidance on digital assets and tokenization and spoke out against allegations of US authorities debanking companies due to their ties to crypto. He followed with a letter aimed at financial institutions in March, clarifying that banks could engage with digital assets as a ”permissible activity.” Read more
Bitwise’s Hunter Horsley says Solana’s shorter unstaking period gives it an advantage over Ethereum in the race for staking ETFs, as US regulators prepare key decisions in October. Bitwise CEO Hunter Horsley says Solana may gain an edge over Ethereum in the staking exchange-traded fund (ETF) market, pointing to its design as more favorable for investors. Speaking with Cointelegraph editor Andrew Fenton at Token2049 in Singapore, Horsley argued that Solana’s quicker unstaking period gives it an advantage over Ethereum. For instance, Ethereum’s withdrawal queue recently reached new highs, while Solana’s typically clears faster. Horsley said that difference matters for issuers who must be able to return assets to investors quickly. “It’s a huge problem,” Horsley said. “The ETFs need to be able to return assets on a very short time frame. So this is a huge challenge.” Read more7306 items