Hong Kong is setting its sights on the next phase of digital finance as the Hong Kong Monetary Authority (HKMA) advances its central bank digital currency (CBDC) agenda and strengthens data connectivity across the financial ecosystem. Eddie Yue, Chief Executive Officer (CEO), HKMA, shared these plans in his latest article, which also outlined the achievements
Societe Generale interest rate strategist Subadra Rajappa said market participants’ expectations of a Fed rate cut are unrealistic. According to Rajappa, markets are still pricing in too much easing in monetary policy, despite Fed Chair Jerome Powell making it clear in December that a rate cut was not a certainty. Rajappa argued that the Fed
Strategy chairman Michael Saylor says his company isn’t interested in acquiring other Bitcoin treasury companies, as doing so is fraught with uncertainty, although he didn’t entirely rule it out. “Generally, we don’t have any plans to pursue M&A [merger and acquisition] activity, even if it would look to be potentially accretive,” Saylor told investors on
Coinbase boss Brian Armstrong shook up two prediction markets in the final seconds of Thursday’s third-quarter earnings call by dropping a list of crypto buzzwords that Kalshi and Polymarket users bet would be mentioned in the call, resolving all markets to a “yes.” Several Kalshi and Polymarket users were ecstatic that their bets paid off
Strategy reported third-quarter earnings per share of $8.42, beating the market expectation of $7.90. The company reported quarterly revenue of $128.7 million, beating analyst estimates of $116.8 million. The company announced operating income of $3.9 billion, net income of $2.8 billion, and earnings per share (EPS) of $8.42. It also reaffirmed its 2025 guidance of
Good Morning, Asia. Here’s what’s making news in the markets: Bitcoin is trading around $109K as Hong Kong begins its business day, as traders continue to digest comments from Fed Chair Jerome Powell that another rate cut isn’t a certain thing, chilling demand for BTC ETFs and other risk assets. Polymarket traders now assign a
Latin American treasuries met in Punta Cana to modernize operations with digital assets and AI tools. El Salvador consolidates its Bitcoin legal tender framework with two major crypto events in November. Official delegations from El Salvador, Argentina, Mexico, Uruguay, Colombia, Bolivia, and nine other Latin American countries gathered in Punta Cana, Dominican Republic, for the
Ripio launches wARS, a stablecoin pegged 1:1 to the Argentine peso on Ethereum and other major blockchain networks. A political investigation into the LIBRA meme coin promoted by President Milei advances to Argentina’s Supreme Court. The Argentine cryptocurrency platform Ripio confirmed the introduction of stablecoins backed one-to-one by major Latin American fiat currencies. Its initial
Venezuela’s Pago Móvil architect is building a regulated banking network for USDT and USDC deposits. Bolivian exchange El Dorado integrates QR code payments to streamline its peer-to-peer transaction process. Rodolfo Gasparri, president of the Venezuelan company Conexus, is developing a banking network based on decentralized technology. This project aims to enable users to make deposits
Coinbase (COIN) posted a stronger-than-expected third quarter, driven by a surge in trading activity, a rebound in asset prices and continued growth in its subscription and services business. The U.S.-based exchange reported total revenue of $1.9 billion, a 58% jump from $1.2 billion in the same period last year. Shares were up 3% in post-market