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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.
Aave jumps as Treasury yields top 5% amid mixed market views
Arthur Hayes predicts Ethereum could reach $10,000 by year end
Bitcoin rises toward $85,000 as US PCE inflation cools to 3.4%
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−0.8%Abracadabra proposes winding down MIM at about four cents per token
Abracadabra has proposed winding down its Magic Internet Money stablecoin and settling obligations at roughly four cents per token.
Binance moves crypto out of Funding Accounts into Spot Accounts
Binance has begun moving non-stock crypto assets from Funding Accounts into Spot Accounts. The migration is phased. Funding Accounts no longer accept direct on-chain crypto deposits.
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.
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