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All briefs →HSBC launches Hong Kong dollar stablecoin through PayMe app
HSBC rolled out its Hong Kong dollar stablecoin named RedCoin on Oct. 23. The token launched through the PayMe payments app. The rollout reaches over 3.3 million users and over 100,000 merchants.
- HSBC launched its RedCoin Hong Kong dollar stablecoin on Oct. 23 through the PayMe payments app.
- The PayMe network has a reach of more than 3.3 million users and over 100,000 merchants.
- RedCoin is backed by segregated, liquid, high-quality assets covering coins outstanding at all times.
Bitcoin rebounds above eighty thousand dollars after dropping to a five week low
Crypto firms face upcoming earnings reports amid market pressure
Tether gains backing from fifteen Bitcoin miners for open-source toolkit
Crypto exchange withdrawals rise as digital asset funds face outflows
Ethereum recorded a large daily exchange withdrawal of about 169,770 ETH, worth $407 million.
Kraken ends Monero questionnaire but keeps strict deposit and withdrawal caps
Kraken withdrew the employment and spending questionnaire sent to Monero customers after co‑CEO Arjun Sethi said the requests were not required by regulation.
Protocol freezes token withdrawals after exchange rates increase unexpectedly
Swell paused deposits and withdrawals for swETH and rswETH on Friday. The protocol acted after the contract rates rose above normal levels. The swETH contract showed a rate near 1.203 ETH and rswETH stood near 1.138 ETH.
Spot Bitcoin ETFs see $635M outflows as BTC trades near $81K
U.S. spot Bitcoin ETFs recorded $635 million in net outflows on October 22. The withdrawals followed recent inflows into the funds.