Business – Page 356 – PK Press Club

Hong Kong working to allow perpetual contracts, says chief regulator

HONG KONG — Hong Kong financial regulators will unveil a framework for trading platforms to offer perpetual contracts, the head of the region’s Securities and Futures Commission said Wednesday. Hong Kong brokers will soon be able to provide funding to Bitcoin-backed clients BTC$67,683.14 and ether ETH$1,975.31 and platforms will be able to offer market making […]

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SkyBridge’s Scaramucci Buys Bitcoin Dip, Calls Trump Crypto President

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SkyBridge Capital founder Anthony Scaramucci said Wednesday that he is buying Bitcoin. BTC$67,676.34 during the market downturn and described Donald Trump as a “crypto president.” “10 days ago we were buying Bitcoin at 84,000 last week, we’re buying Bitcoin at 63,000 bitcoins this week, we’re long Bitcoin again in this market,” Scaramucci said in a

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RWAs adapt to institutional reality

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Industry leaders discussed the demand for tokenized real-world assets (RWA) at a Consensus Hong Kong 2026 panel featuring Evan Auyang (Group President at Animoca Brands), Christian Rau (Senior Vice President, Digital Assets and Blockchain at Mastercard), Nicola White (VP of Crypto Institutions, Robinhood) and moderator Marcin Kazmierczak (Co-Founder, RedStone). The panel echoed BlackRock COO Rob

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Solana President Lily Liu’s Bold Vision for Solana

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During a fireside chat at Consensus Hong Kong 2026, Solana Foundation President Lily Liu presented her vision for “Internet Capital Markets” with moderator Michael Lau, President of Consensus. Liu asserted that the real strength of blockchains lies in finance and markets, not a general-purpose utopian technology. Liu envisioned tokenizing all global assets on-chain, enabling seamless

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Robinhood (HOOD) begins testing its own blockchain as crypto push deepens

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HONG KONG — Robinhood launched its public testnet for its own Ethereum layer 2 blockchain on Wednesday with plans for a wider launch later this year, as the brokerage app aims to move more trading activity onto the chain. The new network, called Robinhood Chain, is built on Arbitrum and is designed to support real-world

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Hong Kong (HKSAR) Will Continue to Support Local Digital Asset Community, Says Managing Director

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HONG KONG — Hong Kong is a growing place for Web3 and crypto innovation, its chief executive said Wednesday. John KC Lee, chief executive of the Hong Kong Special Administrative Region, opened CoinDesk’s Consensus Hong Kong conference with a short speech on the city’s work to grow its crypto communities and businesses. “The HKSAR government

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Citadel Securities Supports LayerZero as It Unveils “Zero” Blockchain for Global Markets

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LayerZero Labs on Tuesday unveiled Zero, a new blockchain aimed at powering institutional-grade financial markets, alongside a strategic investment from Citadel Securities in ZRO, the network’s native token and governance asset. ARK Invest is also investing in LayerZero shares and the ZRO token, with CEO Cathie Wood joining a newly formed advisory board alongside ICE

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Crypto PAC Fairshake launches into first Senate midterm race with $5 million in Alabama

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Fairshake Political Action Committee, Crypto’s $193 million campaign finance force, is heading into the congressional midterm season with a massive $5 million infusion into the Republican primary campaign of Barry Moore, a U.S. congressman currently running for Senate. One of Fairshake’s affiliates, Defend American Jobs, is pledging to spend the money to support Moore, even

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Crypto Banking Opponents Didn’t Want to Tackle Bill During Latest White House Meeting

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Crypto industry negotiators arrived at the White House on Tuesday ready to discuss a legislative deal on stablecoin yields, but their banking industry counterparts were not yet ready to compromise on the Senate’s crypto market structure bill, according to a person familiar with the negotiations. The fight over whether stablecoins should be able to offer

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HOOD falls another 7% due to fourth quarter revenue shortfall

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Robinhood (HOOD) said revenue from crypto-related trading fell 38% year over year in the fourth quarter, underscoring how falling digital asset prices continue to dampen trading activity even as platforms move deeper into the sector. The trading app reported $221 million in revenue from crypto transactions, up from $358 million a year earlier, according to

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