Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it’s a healthy correction. Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to…

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Deutsche Bank-backed EURAU stablecoin launch: Key things to know

Deutsche Bank-backed EURAU stablecoin launch: Key things to know

AllUnity’s EURAU stablecoin launches as euro-denominated stablecoins account for just 0.2% of the stablecoin market despite surging 60% since late 2024. EURAU, a new euro stablecoin venture backed by Deutsche Bank’s DWS, Flow Traders and Mike Novogratz’s Galaxy, has debuted on the Ethereum blockchain. AllUnity — a company backed and formed by the three entities…

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Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Ethereum at 10: The top corporate ETH holders as Wall Street eyes crypto

Ethereum turns 10 as corporate treasury firms and Wall Street entities increase their Ether holdings, signaling growing institutional adoption. Corporations and Wall Street entities are starting to recognize Ether as the next emerging treasury asset as the world’s second-largest cryptocurrency and blockchain network celebrates its 10th anniversary on Wednesday. Ethereum went live on July 30,…

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eToro to tokenize 100 most popular US stocks on Ethereum

eToro to tokenize 100 most popular US stocks on Ethereum

The company plans to offer the most popular US stocks as ERC-20 tokens on the Ethereum network, enabling 24/5 trading and DeFi integration. Trading and investing platform eToro has announced plans to launch tokenized US stocks as ERC-20 tokens on the Ethereum blockchain. The upcoming rollout will include the 100 most popular US-listed stocks and…

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BitMine tanks 27% despite touting ETH’s implied value at K

BitMine tanks 27% despite touting ETH’s implied value at $60K

David Grider, a partner at venture capital firm Finality Capital, said he thinks the Ether treasury company boom should bode well for the long-term price and inflows of the token. BitMine Immersion Technologies dipped nearly 27% despite a “chairman’s message” from FundStrat’s Tom Lee to bolster confidence in the Ethereum treasury company.  BitMine on Monday…

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Crypto on deck? Interactive Brokers explores stablecoin launch

Crypto on deck? Interactive Brokers explores stablecoin launch

Interactive Brokers joins a number of traditional finance institutions who are considering entering the stablecoin space, including JPMorgan Chase and Citigroup. Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin. The move, reported by Reuters on Monday, would allow traders to fund brokerage accounts using…

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