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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.
Kalshi in advanced talks for $1B raise at $40B valuation
Riot Platforms fully repays $200M Coinbase Bitcoin credit line
Raven raises funding from Coinbase Ventures and CMCC Global at $90M valuation
Binance Pay lets overseas visitors spend crypto at PayPay merchants in Japan
Binance Pay now lets eligible overseas visitors to Japan spend crypto at most PayPay-supported merchants via the HIVEX interoperability framework.
UK Court Orders Crypto Fraudsters to Repay £851,402 to Scam Victims
A UK court has ordered two convicted men to pay £851,402.27 to victims of a fake crypto investment fraud scheme. The Financial Conduct Authority obtained the confiscation orders under the Proceeds of Crime Act 2002.
ENA
+2.6%Standard Chartered starts Ethena coverage and forecasts ENA at $2 by 2028
Standard Chartered has initiated research coverage of Ethena's ENA token and forecasts the token reaching $2 by the end of 2028. ENA traded at about $0.26 at press time.
Bitcoin falls below $83,600 as long-term holder supply draws focus
Bitcoin traded near $83,381 after slipping 0.78% in 24 hours and 3.58% over seven days. A local rally to $84,540 stalled, and BTC fell below its daily opening level near $83,600. Long-term holder supply is a key focus.
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