Author: John Smith
HashKey has opened subscriptions for its Hong Kong initial public offering, targeting up to $215M with backing from UBS and Fidelity in a key moment for the city’s crypto ambitions. Summary HashKey launches a Hong Kong IPO seeking up to $215M as subscriptions open this week. The licensed exchange aims to scale its infrastructure as Hong Kong pushes deeper into regulated digital assets. Cornerstone investors including UBS and Fidelity commit $75M, indicating confidence despite market volatility. The exchange operator is seeking to raise as much as HK$1.67 billion, or about $215 million, in what may become one of the city’s…
The Commodity Futures Trading Commission has opened the door for tokenized assets to be used across U.S. derivatives markets. Summary CFTC has introduced a supervised pilot that lets tokenized assets serve as collateral in U.S. derivatives markets. The new framework gives firms clear guidance on handling tokenized real-world assets. Industry leaders see the move as a step toward safer, more efficient market infrastructure. The commission has launched a digital assets pilot program covering Bitcoin, Ethereum, USDC, and tokenized real-world assets. In its Dec . 8 announcement, the agency said the program allows registered futures commission merchants to accept Bitcoin, Ethereum,…
Strategy has made its largest Bitcoin purchase in months, acquiring 10,624 Bitcoin for approximately $962.7 million last week. Summary Strategy Inc. acquired 10,624 Bitcoin for $962.7 million, bringing its total holdings to 660,624 BTC, despite a 60% decline in its stock price over the past six months. CEO Michael Saylor remains committed to accumulating Bitcoin long-term, rejecting the sale of assets to fund dividends, and has built a $1.44 billion cash cushion to support the company for nearly two years. The company faces increasing competition as major banks like JPMorgan and Morgan Stanley launch Bitcoin-linked products, challenging Strategy’s role as…
The number of Bitcoin addresses holding balances greater than 0.1 BTC has declined over a two-year period for the first time since the cryptocurrency network’s launch in 2009, according to blockchain data reported by Protos.com. Summary The number of Bitcoin addresses holding more than 0.1 BTC declined by 2.3% over two years, marking the first drop since Bitcoin’s launch in 2009. While smaller wallets (holding 0.01 BTC or more) saw only a 0.7% decline, larger wallet balances experienced a sharper decrease. The decline reflects evolving Bitcoin infrastructure, with many investors using intermediaries like ETFs and exchanges, alongside changing security practices…
Over the past day, the XRP price has been fluctuating, dipping to $2 before bouncing back about 1.3%. And the timing couldn’t be more interesting, with traders nervously eyeing tomorrow’s Fed meeting, which might set the mood for the whole crypto market as we head into the final stretch of the year. Summary XRP price has been fluctuating, hovering around $2.07 after dipping to $2. Traders are closely watching the December 9–10 Fed meeting, which could influence crypto market trends. XRP shows strong demand, supported by recent institutional traction and ETF launches. Upside targets include $2.20 and $2.40 if $2…
HBAR price remained in a narrow range above a key support level as exchange-traded funds’ inflows dried. Summary HBAR price has formed a head-and-shoulders pattern on the daily chart. It has also formed a death cross pattern as the 50-day and 200-day moving averages crossed each other. Demand for the recently launched HBAR ETFs has dried in the past few days. Hedera (HBAR) token was trading at $0.1350, down by 55% from its highest point in August. Data compiled by SoSoValue shows that the cumulative total inflows in Hedera ETFs stood at $82 million, bringing the total net assets to…
Dogecoin price continues to trade within a bearish market structure, yet emerging signals suggest a possible bottom forming as price compresses near key support levels. Summary DOGE maintains a confirmed bearish structure with repeated resistance failures. Weak buying pressure keeps downside risk elevated despite early bottoming signals. A true recovery requires a structural break supported by expanding bullish volume. Dogecoin (DOGE) price action remains firmly confined within a bearish market structure, with sellers dominating momentum since the rejection of the high-time-frame resistance near $0.21. Despite several attempts to break through regional resistance levels, DOGE has consistently failed to generate the…
Pi Network price continued its downtrend today, Dec. 8, as a lawsuit filed against the developers in October emerged. Summary Pi Network price has pulled back by double digits in the past few days. A lawsuit against the parent company and its founders was filed in the U.S. The coin’s biggest whale has continued accumulating in the past few days. Pi Coin (PI) token dropped to $0.2200, its lowest level since Nov. 16, and ~23% below the highest point on Nov. 28. It remains much lower than the all-time high. The ongoing Pi Network price crash happened after details of…
South Korea plans no-fault rules forcing crypto exchanges to fully reimburse users for hacks and IT failures, echoing bank-style protections. Summary New rules would make Korean exchanges fully compensate users for losses from hacks or system failures, unless customers showed gross negligence. The move follows repeated IT incidents, including a rapid Solana asset drain at Upbit, and aims to close gaps in current electronic transaction laws. If adopted, regulators say this no-fault regime would be among the world’s toughest crypto consumer-protection frameworks. South Korean regulators are drafting legislation that would require cryptocurrency exchanges to fully compensate users for losses from…
Solana holds 18‑month support as traders bet on Fed easing, with bullish RSI/MACD signals, rising ecosystem activity, and fresh institutional inflows boosting upside odds. Summary Solana has defended an 18‑month support zone while traders watch the upcoming FOMC meeting for signals of monetary easing and renewed market liquidity. Weekly and daily charts show RSI seller exhaustion, a potential double bottom, and improving MACD structure, with the 200‑day MA band as key resistance. Solana’s ecosystem growth, strong staking, NFT and DeFi activity, plus institutional inflows and rising social buzz, reinforce a constructive setup despite volatility. Solana’s price has maintained a key…