Bank of China Hong Kong is moving forward with its central bank digital currency (CBDC) project and has completed another phase of testing the digital Hong Kong dollar. Summary Bank of China Hong Kong has completed another phase of its digital HKD trials. More than 1,500 transactions were tested using simulated e-HKD vouchers. According to…
The Trump administration has been stepping up pro-crypto regulation in recent months and is now moving to curb banking discrimination against crypto firms. Summary The White House is reportedly preparing an executive order to curb crypto debanking. Internal policies tied to “Operation Chokepoint 2.0” are expected to be reviewed or scrapped. Authorities are working to…
SUP, the native token of meme-perp app Superp, will be listed on multiple exchanges today, including Binance Alpha and Bitget. Summary SUP, the native token of Superp, is set to debut on Binance Alpha today at 10:00 AM UTC, followed by listings on Bitget, KuCoin, and MEXC an hour later. A total of 1 billion…
The Philippines’ Securities and Exchange Commission has named ten crypto exchanges, including tier-1 platforms like Bybit and OKX, for operating without registration and warned of potential enforcement action under its new regulatory framework. Summary The Philippines SEC has named ten crypto exchanges for operating without proper registration. Advisory warns that these platforms may face enforcement…
Ethena is trading lower as fresh concerns around liquidity risks and a major token unlock weigh on investor sentiment. Summary Ethena unlocked $106M in ENA tokens, adding possible sell pressure. Chaos Labs warned of liquidity risks from Ethena’s $4.7B Aave exposure. Technicals show weakening momentum, but major support levels still hold. As of this writing,…
Ethereum rallied past $3,700 earlier on Aug. 5 as whale and institutional accumulation intensified. Can it recover back above $3,800 by the end of the week? Summary Ethereum remains 148% above its year-to-date low despite recent volatility. New whale wallets have scooped up over $3 billion in two days. Macro uncertainty and ETF outflows continue…
North Korean IT workers are using fake identities to infiltrate crypto firms and steal millions worth of digital assets through remote job scams, cybersecurity researchers at Google Cloud and Wiz have warned. Summary North Korean threat actor UNC4899 operatives are increasingly targeting crypto companies. Both Google Cloud and AWS environments have been exploited by the…
The crypto market held steady on Monday, August 4, as investors bought the recent dip and as Bitcoin formed the highly bullish break-and-retest pattern after falling to support at $112,000. Bitcoin (BTC) price jumped to $114,300, up from the weekend low of $112,000. This rebound triggered gains among some altcoins, with MYX Finance (MYX), Treasure…
Keeta crypto rallied as high as 13.5% today, as the project gained increased visibility following a donation to a clean water initiative associated with YouTuber MrBeast. Summary Keeta reached an intraday high of $1.09 on August 4 after rallying over 13%. The project is set to be listed on Kraken. KTA price has partially recovered…
Trump Media, the Donald Trump-affiliated parent company behind media platform Truth Social, is planning to launch a utility token and digital wallet. Summary Trump Media is planning to launch a token and digital wallet tied to its social media platform. The company recorded millions in losses for the year’s second quarter. Recent months have seen…
