Coinbase Global (COIN) stock is flying after two pivotal developments: the U.S. Senate’s passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and Coinbase’s push to gain SEC approval for tokenized equity trading. Both have massive implications for the crypto economy-focused financial technology company. While the regulatory skies are clearing for…
ARK Invest unloaded another round of shares of Circle (CRCL) across its ETFs just two weeks after the stablecoin issuer’s high-profile IPO. The biggest cut came from the flagship ARK Innovation ETF (ARKK), which sold 490,549 shares, or about 1.8% of the portfolio. ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF)…
Jeremy Allaire, CEO of the USDC stablecoin issuer Circle, said Hong Kong is becoming an increasingly important market for settlements as stablecoins become a critical part of that infrastructure. “In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong…
Norman Chan, founder and chairman of RD Technologies. Anthony Kwan/Bloomberg RD Technologies, a Hong Kong-based fintech startup founded by the ex-chief executive of the city’s de facto central bank, said on Thursday it raised $7.8 million from investors including billionaire Neil Shen’s venture capital giant HongShan, formerly Sequoia China. The Series A1 round has also…