Category: crypto

South Korean firm BDACS is launching its stablecoin KRW1 on Circle’s blockchain Arc, backed by the Korean won. This partnership aims to expand South Korea’s presence in the global stablecoin market. KRW1 was initially launched on Avalanche and plans to integrate with more networks in the future.

Australia is expanding its regulatory oversight of the crypto industry by applying financial laws to a wider range of digital assets, including stablecoins, staking, and tokenized products. The Australian Securities and Investments Commission (ASIC) has updated guidance to clarify that these laws also apply to offshore and decentralized platforms serving local users. ASIC is proposing…

Crypto.com has partnered with Pineapple Financial to provide custody and staking infrastructure for its INJ treasury. Pineapple Financial has acquired $8.9 million worth of INJ and plans to build a $100 million treasury. Crypto.com’s growing list of institutional custody clients includes TON Foundation and VeChain Foundation.

Altcoins HBAR and LTC are surging in price due to anticipation surrounding the launch of their ETFs on NASDAQ. Despite the U.S. government shutdown, automatic rules have allowed for the approvals to proceed. Meanwhile, other altcoin ETFs like XRP, Dogecoin, and Avalanche are still under review with no confirmed launch dates.

Trump Coin price has surged 9.1% in 24 hours and 16% on the week, now trading at $6.79. This increase follows positive developments in the US-China trade relations. Despite this, the broader crypto market is bearish. Technical indicators suggest bullish momentum, with next targets at $7.00 and $8.00, and support at $6.50.

Binance founder Changpeng Zhao confirmed that YZi Labs is a minority investor in Opinion, a decentralized prediction market platform. Opinion raised $5 million in a seed round, with support from other investors. The platform, now live on BNB Chain, has seen over 1.6 million users and $300 million in trading across various markets since its…

The Hong Kong Monetary Authority has completed the second phase of the e-HKD pilot program, focusing on digital Hong Kong dollar and tokenized deposits for institutional clients. The trials showed cost-effective, secure transactions and high public trust. Authorities plan to prioritize e-HKD’s development for wholesale financial applications by mid-2026.

PayPal has partnered with OpenAI to integrate its wallet into ChatGPT, allowing users to make purchases directly within the chatbot. This partnership leverages the Agentic Commerce Protocol to streamline transactions and offer new payment options. The move also aligns with PayPal’s recent advancements in the crypto space.

Circle’s Arc testnet is attracting major financial players like Goldman Sachs and Visa, aiming to establish a common standard for future money movement. Over 100 institutions are testing faster settlement and global interoperability on the blockchain network, with plans for a community-run system in the future.

The People’s Bank of China has established the Digital RMB Operation and Management Center to prepare for widespread adoption of the digital currency. The center will focus on building cross-border and blockchain infrastructure, complementing efforts by the Bank of China and the Hong Kong Monetary Authority to promote the yuan globally.