The crypto market is entering December on firmer footing after a turbulent November that effectively flushed out speculative positioning across derivatives and exchange-traded products. Fresh data from Coinbase shows traders have meaningfully reduced leverage, creating a healthier market...
Quick Breakdown HashKey opens a Hong Kong IPO targeting HK$1.67B ($215M), with backing from UBS and Fidelity. Shares are priced at HK$5.95–HK$6.95, valuing the firm at HK$18.9 B if fully subscribed. HashKey Chain and GF Securities launch the...
Quick Breakdown Hong Kong launches public consultation on amendments to the CARF and CRS for crypto tax reporting. Automatic exchange of crypto tax info planned from 2028; CRS updates effective 2029. Legislative proposals include mandatory registration, higher penalties,...
Quick Breakdown Bitcoin and Ethereum staged a strong early-December rebound, with BTC back above $94,000 and ETH reclaiming $3,000 after a Bank of Japan–driven selloff. Market sentiment improved after Vanguard opened access to crypto ETFs and mutual funds,...
Quick Breakdown MetaComp raises US$22 million in a Pre-A round to scale its regulated stablecoin settlement network across Asia. Funding accelerates the expansion of the StableX Network, integrating SWIFT rails with a multi-stablecoin payment infrastructure. Company targets Southeast...
Bybit CEO Ben Zhou has announced a major regulatory milestone for the exchange, confirming full approval under the UAE’s Virtual Asset Platform Operator (VAPO) regime. A remarkable night in Abu Dhabi, institutions, policymakers, and industry leaders coming together...
Quick Breakdown Circle secures ADGM FSP license, enabling regulated stablecoin payments in the UAE and MEA. Dr Saeeda Jaffar appointed Managing Director for Circle MEA to lead regional expansion. The move strengthens the UAE’s role as a hub...
Quick Breakdown Stable launches StableChain Mainnet, providing dedicated high-speed stablecoin settlement infrastructure. Enterprise-grade throughput, predictable fees, and compliance-ready features designed for institutional adoption. Day-one partners include USDT0, Curve Finance, Allium, PayPal, Transak, and WalletConnect, signalling broad market support....
Quick Breakdown Binance suspends an employee for using insider info to promote a newly issued token on official channels. Five whistleblowers receive a shared $100,000 reward as Binance tightens internal controls and compliance rules. A Florida court revives...
Crypto markets experienced notable volatility over the weekend, signalling early turbulence as the year-end holiday period approaches and liquidity thins, according to Asia Colour. Bitcoin fluctuated sharply between $88,000 and $92,000, while Ethereum moved from around $2,910 to...
