Category: crypto

HashKey Exchange completed a live transaction using Hong Kong’s first regulated Hong Kong dollar-backed stablecoin, HKDAP, with YF Life. This testing of a payment route aims to reduce settlement time from two to three business days to near real time. YF Life plans to explore HKDAP payments for insurance premiums.

Binance will stop processing transactions involving HTX and 10 other crypto platforms from Aug. 23 due to new sanctions and regulatory restrictions. The EU and UK have imposed sanctions on HTX, causing compliance issues for users. Binance has also restricted other sanctioned services like Shelbit and Aban Tether Exchange.

Hyperscale Data sold 685 Bitcoin for $43 million to fund the development of its Michigan data center, keeping 275 BTC. The company plans to rebuild its Bitcoin holdings through mining. The sale is part of a capital allocation strategy. Other Bitcoin miners have also sold BTC to fund AI projects.

Institutions are adopting various forms of digital money, including stablecoins, tokenized deposits, CBDCs, and traditional bank money. Lynq CEO Jerald David emphasizes the need for interoperable settlement systems to move cash and collateral 24/7. The Bank of England is testing stablecoins and digital pounds in a payment flow to address separate payment systems limiting capital…

AI agents are trading and moving funds without constant human approval, leading to discussions about where liability should fall. Brickken CEO Edwin Mata argues that liability should follow the authority granted to the software rather than being attached to the AI itself. Proposed regulations like ERC-8226 aim to establish clear limits and controls for AI…

A $1 million USDC bet on PSG at 1.74 odds on 1win resulted in a $1.749 million payout. This highlights how crypto whales are using digital assets in entertainment platforms. The win shows a shift towards using crypto in gaming, prediction markets, and online betting, creating a new VIP ecosystem.

P2P.org integrates staking infrastructure with Arkis, allowing clients to use staked Solana and Avalanche assets as collateral while earning protocol rewards. Clients can borrow against staked positions within Arkis Alpha’s Carry Trades section, with collateral value affected by validator downtime and slashing risk. The integration aims to keep staked assets active and generating rewards while…

StablecoinX saw a 12% increase in shares after revealing a 3 billion ENA token treasury and reporting quarterly results. The treasury was valued at $218.4 million, with a $34.2 million net loss due to an impairment charge. Infrastructure services generated revenue of $62,372, with plans for new business lines.

During the second quarter, Morgan Stanley increased its holdings in BlackRock’s Bitcoin ETF by 23% to 16.5 million shares and added exposure to Ether, Solana, and other crypto-related companies. They also launched their own Bitcoin fund and reported positions in various other crypto assets, while reducing holdings in some companies like Coinbase and Bitfarms.

The CFTC has ordered Kalshi to continue operating under federal regulations in response to a market emergency related to a lawsuit by the New York Attorney General. A Washington judge has imposed restrictions on certain contract categories and set geofencing deadlines for the prediction market. Kalshi must comply with these orders to avoid penalties.