Cryptocurrency investment products snapped a four-week losing streak last week, drawing in around $1 billion in fresh money following four consecutive weeks of losses totaling roughly $5.5 billion. Crypto exchange-traded products (ETPs) recorded $1.07 billion of inflows last week, their first week of gains since late October, according to the European crypto asset manager CoinShares. James Butterfill, CoinShares’ head of research, attributed the rebound to optimism over a potential US interest rate cut, following remarks from Federal Open Market Committee (FOMC) member John Williams. “The turnaround in sentiment follows FOMC…
Category: Bitcoin News
HashKey IPO on HKEX approved amid mainland crypto quarantine
HashKey Holdings, the parent company of one of Hong Kong’s largest licensed crypto exchanges, has moved a step closer to a public listing, according to new filings from the Hong Kong Stock Exchange (HKEX). On Monday, the HKEX published a 633-page post-hearing information pack for HashKey Holdings. The document was published at the request of The Stock Exchange of Hong Kong Limited and the local financial regulator, the Securities and Futures Commission (SFC). A post-hearing information pack is only published after HKEX’s listing committee formally clears an applicant at the…
Bitcoin Ends Its “Dead Cat Bounce” With $50,000 on the Table
Bitcoin (BTC) threatens a fresh crash as December begins with a snap 5% BTC price drawdown. Bitcoin price volatility hits around the November monthly close, with BTC/USD returning to near $85,000. Analysis blames a lack of market liquidity for the move, while history warns that bearishness should continue in December. Key US inflation data is due as markets preserve Fed rate-cut bets despite concerns over Japan. The Coinbase Premium may have ended its brief trip into “green” territory thanks to the BTC price dip. Stablecoin dry powder hits all-time highs…
Sony Bank Plans 2026 Stablecoin For PlayStation Payments
Sony Bank, the online lending subsidiary of Sony Financial Group, is reportedly preparing to launch a stablecoin that will enable payments across the Sony ecosystem in the US. Sony is planning to issue a US dollar-pegged stablecoin in 2026 and expects it to be used for purchases of PlayStation games, subscriptions and anime content, Nikkei reported on Monday. Targeting US customers — who make up roughly 30% of Sony Group’s external sales — the stablecoin is expected to work alongside existing payment options such as credit cards, helping reduce fees…
Grayscale’s Spot Chainlink ETF Is Reportedly Launching This Week
Crypto asset management firm Grayscale is set to launch the US’s first spot Chainlink exchange-traded fund this week, according to ETF Institute co-founder Nate Geraci. “Set to launch this week… First spot link ETF. Grayscale will be able to uplist/convert Chainlink private trust to ETF,” Geraci noted via X on Sunday. It comes as another LINK ETF from competing crypto asset manager Bitwise is waiting in the wings. Source: Nate Geraci Geraci’s prediction is in line with estimates from Bloomberg Intelligence, which has tipped Grayscale’s product to launch on Dec.…
China Plans Crypto Crackdown Over Stablecoin Concerns
China’s central bank has flagged stablecoins as a risk and has promised to refresh its crackdown on crypto trading, which it has banned since 2021. The People’s Bank of China said on Saturday, after a meeting with 12 other agencies, that “virtual currency speculation has resurfaced” due to various factors, posing new challenges for risk control. “Virtual currencies do not have the same legal status as fiat currencies, lack legal tender status, and should not and cannot be used as currency in the market,” the bank said, according to a…
Ripple Secures Green Light to Grow Payment Services in Singapore
Ripple Labs has received approval from Singapore’s central bank to expand its payment activities in the region, amid a broader push to grow its business and institutional-focused offerings through acquisitions. Ripple’s Singapore subsidiary, Ripple Markets APAC, has been approved by the Monetary Authority of Singapore (MAS) to expand the scope of its regulated payment activities under its Major Payment Institution (MPI) license, the company said on Monday. Monica Long, Ripple’s President, said in a statement that the company values “Singapore’s forward-thinking approach,” and the “expanded license strengthens our ability to…
Grayscale’s Spot Chainlink ETF Is Reportedly Launching This Week
Crypto asset management firm Grayscale is set to launch the US’s first spot Chainlink exchange-traded fund this week, according to ETF Institute co-founder Nate Geraci. “Set to launch this week… First spot link ETF. Grayscale will be able to uplist/convert Chainlink private trust to ETF,” Geraci noted via X on Sunday. It comes as another LINK ETF from competing crypto asset manager Bitwise is waiting in the wings. Source: Nate Geraci Geraci’s prediction is in line with estimates from Bloomberg Intelligence, which has tipped Grayscale’s product to launch on Dec.…
$25B crypto lending market now led by ‘transparent’ players: Galaxy
The crypto lending market has become more transparent than ever — led by the likes of Tether, Nexo and Galaxy — and has just hit an aggregate loan book of nearly $25 billion outstanding in the third quarter. The size of the crypto lending market has increased by more than 200% since the beginning of 2024, according to Galaxy Research. Its latest quarter puts it at its highest since its peak in Q1 2022. However, it has yet to return to its peak of $37 billion then. The main difference…
North Korea Lazarus Group Tops Cyber Threats with Spear Phishing Attacks
North Korean state-backed hackers, the Lazarus Group, primarily employed spear phishing attacks to steal funds over the last year, with the group receiving the most mentions in post-hack analyses over the last 12 months, according to South Korean cybersecurity company AhnLab. Spear phishing is one of the most popular methods of attack by bad actors like Lazarus, using fake emails, “disguised as lecture invitations or interview requests,” AhnLab analysts said in the Nov. 26, 2025, Cyber Threat Trends & 2026 Security Outlook report. Spear phishing attacks are a more sophisticated…