Animoca‑backed Anchorpoint is preparing to launch HKDAP, a regulated Hong Kong dollar stablecoin, as part of Hong Kong’s push to make bank‑grade fiat tokens core financial infrastructure. Anchorpoint Financial Technology, a joint venture backed by Standard Chartered Bank (Hong Kong), HKT and Animoca Brands, will launch a regulated Hong Kong dollar stablecoin called HKDAP (HKD
With the US-Iran conflict leading to increased oil prices, the risk of inflation in the US has resurfaced, and the possibility of interest rate hikes remains on the table. In its March FOMC minutes, the Fed indicated that both interest rate cuts and increases were priced in, while San Francisco Fed President Mary Daly made
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2007.93, down 0.2% (-3.4) since yesterday’s close. Six of 20 assets is trading higher. Leaders: AVAX (+0.6%) and BTC (+0.3%). Laggards: HBAR (-1.9%) and ADA (-1.3%). The CoinDesk 20
As expected, U.S. inflation accelerated last month, driven mostly by rising energy costs linked to the Middle East conflict. Core prices, though, surprised to the downside. The Consumer Price Index (CPI) rose 0.9% in March, according to a Friday report from the Bureau of Labor Statistics. Economists had forecast a 0.9% rise, and February’s increase
Europe’s financial system stands at a critical turning point. Policymakers now see a growing shift toward stablecoins across payment networks. This shift raises concerns about control, sovereignty, and long-term economic stability. Officials worry that global digital assets may reshape how money moves across borders. A senior voice from the Bank of France has issued a
The global financial system continues to evolve at a rapid pace. Stablecoins now sit at the center of this transformation. These digital assets offer faster payments, lower costs, and global accessibility. Yet, many traditional institutions still hesitate to embrace this shift. A recent report from S&P Global reveals a striking gap between innovation and action.
Changpeng Zhao (CZ), a leading figure in the cryptocurrency sector, said that crypto assets could become as widespread as the internet within the next five years. Speaking in an interview with Scott Melker, Zhao expressed his belief that crypto technology will become an integral part of daily life. According to Zhao, cryptocurrencies will become more
Hong Kong granted its first two stablecoin issuer licenses to HSBC and Anchorpoint Financial, a Standard Chartered-led consortium that includes Animoca Brands on Friday. The approvals by the Hong Kong Monetary Authority (HKMA), the territory’s central bank, mark the first batch under the Stablecoins Ordinance, which took effect in August 2025. “We look forward to
Bitcoin treasury firm Nakamoto (NAKA) is resorting to a familiar Wall Street playbook as it looks to lift its beating-down share price and stay on Nasdaq. The company is seeking approval for a “reverse stock split” that would combine shares at a ratio to be set between 1-for-20 and 1-for-50, according to a preliminary proxy
Concerns about risk, regulation, and trust have significantly affected market sentiment, prompting investors to react to negative signals from Wall Street and causing Circle’s share price to drop nearly 10% on Thursday. The sell-off came after poor analyst ratings and new concerns linked to the Drift Protocol hack pushed the stock to its lowest point