Key Takeaways: International competition from Singapore and the U.S. could pressure Hong Kong to accelerate its regulatory adaptation. Hong Kong’s digital asset expansion may depend on integrating cross‑border trade finance and infrastructure projects into tokenization frameworks. Global standard‑setting bodies like FATF and IMF will influence how Hong Kong positions its stablecoin and tokenization initiatives. Hong…
Bitcoin’s price movements in late July 2025 have revived debate over whether the crypto bull market is slowing or simply pausing. Trading near $118,000 on July 30, Bitcoin remains close to its all‑time high of around $123,000, but has shown reduced momentum in recent sessions. Meanwhile, Ethereum is holding near $3,800 after a July surge…
Roman Storm will not testify in his own defense during his landmark money laundering trial, lawyers for the Tornado Cash developer say. Roman Storm Declines to Testify in Federal Court According to a July 29 report from Inner City Press, Storm and his lawyer told U.S. District Court Judge Katherine Polk Failla that the crypto-mixer…
The U.S. Department of Justice (DOJ) will allegedly not bring charges against Dragonfly amid Tornado Cash founder Roman Storm’s federal trial this month in Manhattan, the crypto investment firm’s managing partner, Haseeb Qureshi, said this week. DOJ Walks Back Dragonfly Indictment as Roman Storm Trial Nears Conclusion According to a July 28 report from the…
JPMorgan, Chase, and Coinbase have announced a partnership that will give over 80 million Chase customers new access to crypto through a series of integrations. The collaboration includes credit card funding, bank account linking, and the ability to redeem Chase rewards points for stablecoins. Coinbase announced that starting this fall, Chase customers will be able…
Beijing authorities sentenced tech executive Feng to 14 years for a $19.5 million crypto laundering scheme at a major short video platform. According to a People’s Daily report, the Haidian District People’s Court convicted Feng and seven co-conspirators of occupational embezzlement after they illegally stole 140 million yuan in company incentive funds. Prosecutors revealed that…
The official tokenomics for XYO Layer One (XL1) have been released, marking a major step forward as the network prepares for its Q3 2025 mainnet debut. BREAKING: XYO Layer One Tokenomics Overview A bunch of XYO is about to get locked up, and XL1 is your reward. Here’s what you need to know: By staking…
Visa has surpassed $200 million in cumulative stablecoin settlement volume while expanding its crypto infrastructure through African partnerships and platform development. However, CEO Ryan McInerney warns that the technology still requires clearer regulations to reach its full potential. The payment giant reported strong Q2 2025 results with $9.6 billion in net revenue, up 9% year-over-year,…
The founders of Bitcoin mixing platform Samourai Wallet will plead guilty in a landmark criminal case that has shaken privacy advocates and sent a chill through the crypto community. Court documents filed Tuesday in the Southern District of New York show that CEO Keonne Rodriguez and chief technology officer William Lonergan Hill will change their…
Crypto exchange Kraken is reportedly planning to secure $500 million in a funding round at a $15 billion valuation. The move comes ahead of its well-known initial public offering (IPO), planned for the first quarter of 2026. The Information reported the news on Tuesday, citing industry sources. According to Arjun Sethi, who was appointed as…