The Ethena-backed eSui Dollar (suiUSDe) has launched on Sui Mainnet, expanding the network’s stablecoin offerings and introducing the network’s first synthetic dollar to the on-chain trading and yield infrastructure, the Sui Foundation said in a blog post on Wednesday. The deployment also brings suiUSDe to DeepBook Margin, where it becomes the first synthetic dollar supported […]
HONG KONG — The first day of consensus in Hong Kong ended with the promise of new crypto-related financial products in the special administrative region of China. Hong Kong’s chief executive and financial secretary as well as the CEO of the Securities and Futures Commission all outlined their regulatory priorities, saying Hong Kong would begin
Recap of the first day of the Hong Kong Consensus Read More »
By Francisco Rodrigues (All times ET unless otherwise noted) Bitcoin fell for a third straight day after failing to stay above $70,000 during the weekend rally as spot trading volumes declined and the Crypto Fear and Greed Index held in “extreme fear” territory. The broader crypto market cap has fallen to around $2.28 trillion, with
Tokenized money market funds and digital bank deposits are moving from experimental pilot to early-stage financial infrastructure, executives from Franklin Templeton, SWIFT and Ledger said at the Hong Kong 2026 Consensus on Wednesday. “Take existing traditional financial instruments, make them cheaper, better, faster, by bringing them on-chain natively,” said Chetan Karkhanis of Franklin Templeton. The
Franklin Templeton and SWIFT say the future of banking is 24/7 and natively on-chain Read More »
Clearer rules and improved technology are accelerating the convergence of traditional finance (TradFi) and decentralized markets, pushing established institutions into areas such as crypto derivatives, according to Consensus Hong Kong panelists. “Regulation is really important. It gives you the rails you need to operate,” said Jason Urban, global co-head of digital assets at Galaxy Digital
Regulation, Derivatives Help TradFi Institutions Get Into Crypto, Panelists Say Read More »
While there is a classic technology hype cycle related to tokenization – the representation of any asset on blockchains like Ethereum – we are only at the beginning. This is the view of Min Lin, general manager of global expansion at Ondo, who pointed out that the US Treasury market alone is worth $29 trillion.
Tokenization is still early in the hype cycle, but needs more use cases, experts say Read More »
HONG KONG — Hong Kong is ready to start issuing the first of its stable licenses next month, the financial secretary of the special administration region said Wednesday. Hong Kong will initially issue only a small batch of licenses, Hong Kong’s Paul Chan Mo-Po said Wednesday at CoinDesk’s Consensus Hong Kong conference. “By granting our
Hong Kong ready to issue first stablecoin licenses in March, says Finance Secretary Read More »
HONG KONG — Thomas Lee, president of Ether ETH$1,948.79 Treasury firm BitMine Immersion (BMRN), said the next-generation big financial institution may not come from Wall Street but from YouTube. Speaking on stage at Consensus Hong Kong on Wednesday, Lee argued that MrBeast’s move into banking could position the video creator as the leading financial platform
Binance, the world’s largest cryptocurrency exchange, is working with crypto-friendly trading firm Franklin Templeton to offer an institutional off-exchange guarantee program, making digital markets safer and more capital efficient. The new service allows eligible customers to use tokenized money market fund shares issued through Franklin Templeton’s Benji technology platform as off-exchange collateral to trade on
EMB: February 11, 06:00 UTC Decentralized finance (DeFi) protocol Spark is pushing one of DeFi’s deepest stablecoin liquidity pools further into institutional markets, unveiling new lending infrastructure designed to connect on-chain capital with off-chain borrowers who have largely stayed outside of DeFi. The protocol introduced Spark Prime and Spark Institutional Lending in an announcement during
Spark pushes DeFi stablecoin liquidity into institutional crypto lending Read More »
