Category: Bitcoin News

HSBC To Launch Tokenized Deposits In US And UAE in 2026

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Global megabank HSBC is doubling down on tokenization over stablecoins as global banks rush to keep pace in the stablecoin race. HSBC Holdings will start offering tokenized deposits to its corporate clients in the US and the United Arab Emirates in the first half of 2026, according to a Bloomberg report on Tuesday. The Tokenized Deposit Service (TDS) by HSBC enables clients to send money domestically and abroad in seconds around the clock, said Manish Kohli, HSBC’s global head of payments solutions. “The topic of tokenization, stablecoins, digital money and…

Strategy Poised For S&P 500, Bitcoin Liquidations Unlikely

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The recent crypto market correction has reignited questions about the durability of corporate Bitcoin treasury plays, but Matrixport researchers say the largest of them, Strategy, still appears on track for possible S&P 500 inclusion. Despite recurring doubts about whether Strategy’s business model can withstand deep drawdowns, analysts argue that a forced, large-scale liquidation by the world’s largest corporate Bitcoin (BTC) holder is not a “near-term risk,” according to a Wednesday research report by Matrixport. Instead, the real pressure from the recent correction is on the stockholders who bought the stock…

Aster Launches ‘Machi Mode’ Rewarding Liquidations

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Decentralized exchange Aster is delving into crypto’s degen culture with the launch of “Machi mode,” a new feature that rewards traders with points for getting liquidated. The update, set to go live next week, was announced with a direct nod to Machi Big Brother (real name Jeffrey Huang), a Taiwanese-American entrepreneur and former musician who has recently become a high-risk investor in the cryptocurrency space with a track record of liquidations. “You get liquidation points for getting rekt,” Aster wrote in a Wednesday post on X, adding that “this one’s…

Ondo Secures EU Approval For Tokenized Stocks and ETFs

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Ondo Global Markets, a US-based tokenization platform, has received regulatory approval to offer tokenized stocks to European investors. Liechtenstein Financial Market Authority (FMA) has granted Ondo approval to launch its tokenized stocks and exchange-traded funds (ETFs) in the European Union and the broader European Economic Area (EEA), the company announced on Tuesday. “With this milestone, more than 500 million investors in 30 European countries can soon access regulated exposure to US markets directly onchain,” Ondo said. The news came a few weeks after Ondo partnered with Boerse Stuttgart Group’s digital…

Basel Rethinks Crypto Rules After US, UK Pushback

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Global bank regulators are preparing to revisit their most stringent crypto rules after the United States and the United Kingdom refused to implement them, a move that threatens to unravel the long-standing consensus of the Basel Committee.  In an interview with the Financial Times, Erik Thedéen, the governor of the Swedish central bank and chair of the Basel Committee on Banking Supervision (BCBS), said they may need a “different approach” to the current 1,250% risk weighting for crypto exposures.  According to global law firm White & Case, the application of…

Senators Call for Probe Into Trump-Linked Crypto Firm Over Security Risks

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World Liberty Financial, a crypto company closely tied to US President Donald Trump and his family, is facing fresh scrutiny after two Democratic Party senators urged federal regulators to investigate the firm over alleged ties to sanctioned actors in North Korea and Russia. In a letter sent to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, Senators Elizabeth Warren and Jack Reed warned that the company’s token sales may have exposed US national security to risk, citing evidence that WLFI governance tokens were purchased by blockchain addresses linked to…

Tim Scott Eyes December Vote on Crypto Market Structure Bill

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Senate Banking Committee Chair Tim Scott says he’s looking to mark up a crypto market structure bill next month to have it on President Donald Trump’s desk by early next year. Scott told Fox Business on Tuesday that the committee has been negotiating with Democrats to reach a deal, but accused the party’s senators of stalling. “Next month, we believe we can mark up in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the…

Canaan Q3 Revenue Doubles From Strong Mining Demand

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Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase. Canaan said on Tuesday that its total Q3 revenues increased 104% from last year to $150.5 million due to a “substantial volume of new orders,” with its mining equipment revenues making up the lion’s share at $118.6 million. James Jin Cheng, the miner’s chief financial officer, said in the company’s earnings call that a large number of…

Kraken Raises $800M at $20B Valuation

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Kraken says it’s now valued at $20 billion after an $800 million funding round it said would support the US-based crypto exchange’s global expansion.  Kraken said on Tuesday that it raised the capital across two tranches, with the second tranche including a $200 million strategic investment from US market-making giant Citadel Securities at a $20 billion valuation. It also included a strategic partnership with Citadel, which also pitched in to Ripple’s $500 million raise earlier this month, which will see the firm offer Kraken expertise on differentiated liquidity provision, risk…

Can It Last Amid Inflation Concerns?

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Key takeaways: Federal Reserve balance-sheet limits and possible repo operations point to improving liquidity conditions that could boost Bitcoin and other risk assets. Fiscal strain and sector weakness currently weigh on markets, but easing tariffs and a targeted stimulus plan may support a recovery in crypto demand. Bitcoin (BTC) and the broader crypto market could remain under pressure ahead of the upcoming US Federal Reserve interest rate decision on Dec. 10. Expectations for the direction of monetary policy remain highly split, with concerns over inflation clashing against signs of slowing…