Standard Chartered Bank (Hong Kong) Limited, A nimoca Brands, and HKT entered a joint venture with the intention of applying for a license from the Hong Kong Monetary Authority.  The License is projected to be used to launch a Hong Kong Dollar Backed Stablecoin geared towards competing in the fledgling global stablecoin market.  The Three…

Binance Co-Founder He Yi dismissed rumors of the crypto exchange being up for sale.  The High-level Binance Executive alluded that the speculation was the work of competitors and Mischief makers.  He Yi took to her X page to dispatch growing rumors that Binance, the largest crypto exchange in the industry, is up for sale. The…

United Kingdom’s Banking Giants Barclay’s revealed it has invested about $131 million into Blackrock’s IBIT Exchange Traded Funds.  The information was revealed in a 13F filing to the United States Securities and Exchange Commission (SEC), sharing key details about the bank’s IBIT position.  The UK-based bank holds 2,473,064 shares of IBIT, valued at $131 million…

Changpeng Zhao, ex-CEO of Binance and billionaire founder, sparked a memecoin race by sharing the name of his dog "Brocolli" with his X community.  The Crypto Founder who has long questioned the viability of Memecoins in the industry appears to have openly engaged with the memecoin community for the very first time.  CZ, as he…

The nine Ethereum ETFs continued a disturbing trend of low investor activity, pulling in only $12.6 million for the day.  Blackrock’s ETHA was the only ETF product to record an inflow for the day with the remaining funds recording no inflow or outflow.  This is the second time the Ethereum ETFs are recording extremely low…

Donald Trump added another member to his cabinet, appointing Brian Quintenz to head the U.S. Commodity Futures Trading Commission (CFTC).  Brian Quintenz, who is currently the Head of Policy at @a16z crypto and a former commissioner, got the nod from the president. However, the White House is yet to release an official statement on the…

The Federal Reserve Chairman Jerome Powell addressed the menace of Debanking in the crypto industry while pledging support for stablecoin regulation.  The Fed Chairman raised these issues at Tuesday’s Senate Banking Committee hearing while ruling out the idea of a digital dollar.  The monetary policy agency also confirmed that it is not in a rush…