HSBC has successfully completed a pilot simulating the issuance, transfer, and atomic settlement of its Tokenized Deposit Service (TDS) on the Canton Network, the blockchain company announced on X today, April 13. During the controlled test, HSBC’s Global Payments Solutions division simulated the transfer of tokenized deposits and their atomic settlement against other digital assets
Private credit has crossed into a dangerous phase. After rumblings last month, the pressure point is no longer confined to underwriting quality, isolated borrower stress, or a few awkward redemption notices buried in fund updates. The market is now dealing with something more consequential: a live collision between illiquid assets, semi-liquid fund structures, and investors
In brief Strategy notched its largest Bitcoin purchase in nearly a month, expanding its holdings with proceeds that purely came from its flagship preferred share. The Bitcoin-buying firm is within striking distance of surpassing BlackRock’s spot Bitcoin ETF. Michael Saylor said that Strategy could cover its dividend obligation indefinitely if Bitcoin’s price appreciated 2% each
Ondo Finance has filed a no-action request with the US Securities and Exchange Commission seeking confirmation that recording securities entitlements on Ethereum Mainnet will not trigger enforcement action – a filing that arrives less than five months after the SEC closed a two-year investigation into the company without charges. The request marks a significant shift
As debates continue in the US regarding stablecoin regulations, the American Bankers Association (ABA) has raised a notable objection to a report published by the White House’s Council of Economic Advisors (CEA). The union argued that the study ignored critical risks for policymakers and that its analytical framework was flawed. According to the ABA, the
The crypto funding landscape entered a new paradoxical phase, with the number of venture capital firms leading capital-raising rounds dropping sharply from pre-2022 peaks, even as the dollars raised have steadily recovered from the depths of 2022, when major events shocked the markets and sent institutional-grade backers and participants running for the hills. According to
Every new share of STRC by Strategy (formerly MicroStrategy) creates a perpetual claim on the company’s cash flow, and this might give institutions a reason to short the company’s MSTR common stock. Strategy is a bitcoin ($BTC) acquisition company that uses most of the proceeds of all types of its share sales to buy $BTC.
Bitcoin is trading at $70,675. And according to a long-term quantitative model tracking its full price history, that number means something most traders scanning red charts are probably missing. CryptoQuant analyst Darkfost flagged this morning that Bitcoin has fallen below the 20th quantile of the Bitcoin Power Law model. At a current quantile of 18.5%,
The Bitcoin ($BTC) derivatives market has experienced a heavy leverage flush over the past two weeks through April 13. The Bitcoin Futures Open Interest 7-day change – a metric that shows the weekly shift in aggregate $BTC futures open interest – had dropped to approximately -3% at the time of reporting, according to data from
In brief A Polymarket trader walked away with $252,000 in profit after the UFC incorrectly identified a fight’s winner for the second time in two weeks. An X account linked to the Polymarket trader said that they had noticed the error by looking at the bout’s official scorecard. The incident shows how athletes’ performances aren’t