HONG KONG — CoinDesk wrapped up Consensus Hong Kong on Thursday with north of 11,000 attendees visiting booths and stages. While day 1 focused on institutional projects and professional investor audiences, the second day concentrated on developers. Representatives of the Bitcoin, Ethereum and Solana communities all spoke to the challenge of scaling their networks and…
Bitcoin BTC$68,070.08 is hovering near $67,800, up on the day, as crypto markets took in January’s stronger-than-expected U.S. jobs report without an initial selloff. The resilience is feeding a shift in sentiment, with the muted reaction possibly a signal of seller exhaustion and growing appetite for risk, despite a tough macro backdrop. The CoinDesk 20…
A DePin company that has 3.5 million users and is currently raising for a Series A won this year’s PitchFest at Consensus Hong Kong. Hong Kong-based zkME Technology won the $20,000 prize after a grueling two-day event where competitors positioned their solutions as key for various problems in the crypto sector. “If DeFi really wants…
Binance did not cause the crypto market liquidation event on Oct. 10, but every exchange — centralized or decentralized — saw massive liquidations that day after China imposed rare earth metal controls and the U.S. announced fresh tariffs, said Binance Co-CEO Richard Teng. About 75% of the liquidations took place around 9:00 p.m. ET, alongside…
OKX Ventures, the venture capital arm of the global cryptocurrency exchange, has made a strategic investment in STBL, a next-generation stablecoin and yield infrastructure provider. STBL, co-founded by Reeve Collins, who also co-founded Tether, and tokenization pioneer Avtar Sehra, also announced a partnership with Hamilton Lane (HLNE), an alternative-investment management firm, and Securitize, a regulated…
WLFI$0.1062, the Trump-family-linked crypto project, will soon launch a foreign exchange platform called World Swap, its co-founder, Zak Folkman, said on stage at Consensus Hong Kong. The forex teaser adds to a growing list of products orbiting the project’s USD1 stablecoin as the project positions itself as a full-stack financial ecosystem, with further announcements expected…
Cardano founder Charles Hoskinson said that privacy-focused blockchain Midnight doesn’t have plans to onboard privacy maxis from the zcash and monero communities to the Midnight chain. “You don’t try to get anybody from Monero or ZCash over,” he said during a Q&A session at Consensus Hong Kong on Thursday. “They certainly will come in their…
Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR) the world’s largest corporate bitcoin holder reclaimed its $100 par value during Wednesday’s U.S. session for the first time since mid-January. STRC trading at or above par enables the company to resume at-the-market (ATM) offerings to fund further bitcoin acquisitions. STRC last hit the $100…
The largest realized loss in bitcoin history occurred during last week’s market downturn, shattering previous records as the asset plummeted from $70,000 to $60,000 on Feb. 5. According to Glassnode, the Entity-Adjusted Realized Loss reached $3.2 billion. This metric exclusively tracks the USD value of moved coins sold below their acquisition price while filtering out…
The mood among top venture capitalists at Consensus Hong Kong was not retreat, but recalibration, as the crypto market experienced a prolonged downturn. Hasseeb Qureshi, managing partner at Dragonfly, described today’s venture market as a “barbell:” On one side, proven verticals compounding at scale; on the other, a narrow set of high-risk, next-generation bets. “There’s…
