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…
(Reuters) -Stock and crypto trading platform eToro beat estimates for third-quarter profit on Monday as retail investors maintained their buying streak despite bubble worries, sending shares up 8% before the bell. Equities hit record highs in the quarter as steady earnings, softer inflation expectations and optimism around the AI boom encouraged investors to move back…
Nearly all crypto assets are seeing red on Monday, with the total market capitalization for all crypto assets falling below $4 trillion since Sunday evening. Bitcoin (BTC-USD) fell 3%. The second-largest cryptocurrency, ether (ETH-USD), fell 6%. Solana’s (SOL-USD) token is down 7%. Dogecoin (DOGE-USD) and World Liberty Financial (WLF) are each down 10%. Over Sunday…