Hong Kong has finalized its Basel crypto rules for banks, codifying standards in legislation while issuing non-statutory guidance that takes a more favorable approach to certain stablecoins and permissionless blockchains than the Basel Committee’s position. The territory is one of the few major jurisdictions implementing the Basel Committee for Banking Supervision (BCBS) crypto rules in…
As we dive into the global week ahead, a compelling question arises from recent market insights: which tail is wagging the market dog? According to CNBC, this metaphor captures the essence of current financial dynamics, where various economic indicators, geopolitical events, and corporate developments vie for influence over stock and cryptocurrency markets. In this analysis,…
China’s strategic approach to its long-term rivalry with the United States is reshaping investor sentiment toward Chinese stocks, potentially creating unique trading opportunities in both traditional and cryptocurrency markets. According to financial reports, Beijing is focusing on a patient, enduring strategy amid escalating tensions, which could stabilize Chinese equities over time while influencing global crypto…
Hong Kong is accelerating reforms of its financial market by making the sector’s ecosystem more resilient and comprehensive, a minister has said, as the city grapples with geopolitics and a rapidly changing technology-led global landscape. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong would take a two-pronged approach by strengthening its…
Caliber (NASDAQ: CWD), a real estate and digital asset management platform, has completed its first purchase of Chainlink (LINK) tokens as part of its Digital Asset Treasury (DAT) Strategy. The company plans to fund LINK acquisitions through its ELOC, cash reserves, and equity-based securities. As the first…
A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…
The Hong Kong government announced plans for regular digital bond issuances as part of its digital assets Policy 2.0 statement in June. To date it has issued a tokenized green bond in 2023 and a far larger natively digital green bond issuance in 2024 of more than $750 million. According to Bloomberg, it has now…
A growing number of Hong Kong-listed firms are snapping up cryptocurrency on the back of rising bitcoin prices and the popularity of digital asset treasury (DAT) companies in the US. Investment bank China Renaissance, which helped fund many leading Chinese tech firms, and Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, are…
Hong Kong opened applications for stablecoin issuers at the start of August, with 77 firms applying during the month. The Hong Kong Monetary Authority (HKMA) has repeatedly stated it only plans to license a handful of companies in the first instance. With its initial rules requiring the identity of every stablecoin user, this may favor…
The recent surge in US margin debt has sent shockwaves through financial markets, highlighting potential risks and opportunities for traders across both traditional stocks and cryptocurrency sectors. According to a report from The Kobeissi Letter on August 25, 2025, margin debt climbed by an additional $14.6 billion in July, reaching a staggering record high of…