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Hong Kong Plans Stablecoin Settlement for Tokenized Funds

Hong Kong plans regulated stablecoin settlement for tokenized money market funds. HKMA will test tokenization of over HK$1.3 trillion in Exchange Fund Bills. Hong Kong is expanding digital asset infrastructure across bonds and custody. Hong Kong plans to expand regulated stablecoin settlement for tokenized funds while accelerating the broader use...

SEC Establishes Temporary Framework for Blockchain-Powered Securities

U.S. regulators establish temporary guidelines for tokenized securities, balancing blockchain innovation with investor rules. Blockchain-based trading of traditional stocks is moving closer to wider regulatory acceptance in the United States. The U.S. Securities and Exchange Commission has approved a temporary framework for platforms offering tokenized versions of certain U.S. stocks....

X Introduces Cashtag Trading With U.S. Brokerages

Cashtags now connect market updates with trading platforms as X expands access to crypto and stock transactions. X has launched a new Cashtag Partner Program in the U.S., allowing users to access brokerage services directly from financial posts on the platform. The update allows users to view market information and...

Kraken Parent Payward Eyes Hyperliquid for U.S. Perpetual Futures

Payward plans to deploy U.S. perpetual futures markets on Hyperliquid’s HIP-3. Bitnomial would handle market administration, clearing and contract settlement. The proposed markets require regulatory approval before U.S. clients can trade. Payward, Kraken’s parent company, plans to offer onchain perpetual futures to eligible U.S. clients through Hyperliquid, subject to regulatory...

Bitcoin Miners Start Exiting as Profit Margins Collapse Under Record Costs

Record mining costs are changing the industry as firms exit Bitcoin production and pursue AI-driven business opportunities. Bitcoin miners are facing a difficult period as rising expenses and weaker revenues pressure operations across the industry. CoinShares’ latest quarterly mining review shows that listed miners fell below cash breakeven levels in...