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HSBC names RedCoin as its planned Hong Kong dollar stablecoin
HSBC has named its planned Hong Kong dollar stablecoin RedCoin. The bank plans a launch in Hong Kong, with payments in focus.
- HSBC named RedCoin as the official name of its planned Hong Kong dollar stablecoin.
- 74% of surveyed customers recognized at least one stablecoin use case.
- 60% correctly identified stablecoins as fiat-backed digital assets, 26% said they were government-issued.
Bitcoin rises toward $85,000 as US PCE inflation cools to 3.4%
Abracadabra proposes winding down MIM at about four cents per token
Binance moves crypto out of Funding Accounts into Spot Accounts
Evernorth XRP treasury merger heads toward Nasdaq listing under XRPN
Shareholders of Armada Acquisition Corp II are voting on a proposed merger with Evernorth, an XRP treasury company. If approved and completed, the combined company is expected to trade on Nasdaq under the ticker XRPN.
Google, OpenAI and Anthropic pursue AI safety standards
Google, OpenAI and Anthropic are involved in efforts to set AI safety standards.
Alleged North Korean hackers moved Bitget breach funds into Zcash pool
Alleged North Korean hackers moved part of the $387.5 million Bitget breach into Zcash's Ironwood shielded pool. About 2,700 ZEC entered the pool. The wallets are linked to the exchange hack.
Michael Saylor says Strategy and Strive can grow together
Michael Saylor said Strategy and Strive can compete for investor capital while helping expand Bitcoin-backed preferred securities.
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