HONG KONG — Financial regulators in Hong Kong are going to unveil a framework for trading platforms to offer perpetual contracts, the head of the region’s Securities and Futures Commission said Wednesday. Brokers in Hong Kong will soon be able to provide financing to clients backed by bitcoin BTC$67,668.26 and ether ETH$1,976.46 and platforms will…
Industry leaders discussed demand for tokenized real world assets (RWA) during a Consensus Hong Kong 2026 panel featuring Evan Auyang (group president at Animoca Brands), Christian Rau (senior vice president, digital assets and blockchain at Mastercard), Nicola White (VP of crypto institutions, Robinhood), and moderator Marcin Kazmierczak (co-founder, RedStone). The panel echoed BlackRock COO Rob…
SkyBridge Capital’s Founder, Anthony Scaramucci, said Wednesday that he is buying bitcoin amid the falling market, while calling Donald Trump a crypto President. “So 10 days ago, we were buying Bitcoin at 84,000 last week, you’re buying Bitcoin at 63,000 Bitcoin this week, we’re buyers of Bitcoin in this market, again,” Scaramucci said during a…
Crypto’s $193 million campaign-finance force, the Fairshake political action committee, is launching into congressional midterm season with a massive $5 million injection into the Republican primary campaign of Barry Moore, a U.S. congressman now running for Senate. One of Fairshake’s affiliates, Defend American Jobs, is committing that spending to support Moore, even though the general…
Crypto industry negotiators arrived at the White House on Tuesday ready to talk about a legislative deal on stablecoin yields, but their banking counterparts weren’t yet prepared to compromise over the Senate’s crypto market structure bill, according to a person familiar with the talks. The fight over whether stablecoins should be able to offer rewards…
Former SafeMoon CEO Braden John Karony will face an 8-year prison sentence after being convicted last year on a string of federal charges tied to defrauding investors in his digital assets operation. The 100-month sentence was handed down Tuesday in U.S. District Court for the Eastern District of New York, and Karony must also forfeit…
The crypto market downturn has been particularly hard on leading American exchange Coinbase (COIN), which has seen its stock plunge more than 50% since bitcoin’s early October record above $126,000, including a 27% decline in 2026 alone. Attempting to catch up to that fast tumble, JPMorgan’s Ken Worthington slashed his price target on COIN to…
Cryptocurrency exchange and wallet provider Blockchain.com has won regulatory approval in the U.K nearly four years after seemingly giving up. Blockchain.com was added to the Financial Conduct Authority’s (FCA) registry of licensed crypto companies on Tuesday under its trading name “BC Operations.” STORY CONTINUES BELOW Don’t miss another story.Subscribe to the State of Crypto Newsletter…
A federal judge in California sentenced in absentia a dual national of China and St. Kitts and Nevis to 20 years in prison for his role in a $73 million international crypto scam. Daren Li, who is a fugitive after removing an ankle electronic monitoring device in December, was also handed three years of supervised…
About a week ago, bitcoin BTC$69,041.32 dropped more than 10% in a day to around $60,000 before rebounding to $70,000 in recent days. The question is, did the slide mark “capitulation,” when holders panic-sell at a loss, exhaust bearish pressure and set the stage for a new bull run? The futures market says no, suggesting…
