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Hong Kong is moving its digital currency experiments into a practical corner of capital markets: derivatives margin. The Hong Kong Monetary Authority and Hong Kong Exchanges and Clearing have launched a joint pilot project that uses e-HKD for advance margin payments in the derivatives market’s After-Hours Trading session. The test focuses on wholesale market infrastructure rather than a broad…

Ethereum’s next governance challenge may not be a hard fork or a technical roadmap dispute. It may be funding the people who keep the protocol moving. Former Ethereum Foundation coordinator Trent Van Epps has warned that the ecosystem supporting Ethereum core development could face a funding gap within the next 3 to 9 months. The warning centers on the end of the Client Incentive Program, the…

Playnance has just announced that its native crypto, $GCOIN, will be making its way to KoinBX on June 18. The ecosystem behind the famous “Be the Boss” program has made this move to expand its strength in one of its fastest-growing communities: India. Playnance Gaining Ground in India Signs that Playnance is gaining traction in India became clear with its introduction of the “Be the Boss”…

The digital credit market suffered one of its sharpest selloffs to date on Thursday, with Strive Asset Management CEO Matt Cole describing the move as a leverage-driven liquidation rather than a sign of weakening credit fundamentals. Cole said it was “the most difficult day in the history of Digital Credit,” in a post on X, as Strategy’s preferred equity STRC fell as low as $82.50 before…

HIVE Digital Secures $220M Sovereign AI GPU Deal With Bell Canada TL;DR HIVE’s BUZZ HPC has closed a three-year sovereign AI GPU cloud contract valued at about $220 million. The deal brings together Bell AI Fabric, Cohere, Hypertec and BUZZ HPC around Canadian AI compute infrastructure. HIVE says the contract is expected to add about $70 million in annual recurring revenue once fully…

Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The new token operates as an e-money token under MiCA, according to a statement shared with Cointelegraph on Friday. It is backed by segregated Swedish krona reserves and targets institutional settlement and cross-border payments. The…

XRP gave back more of last week’s rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20. The decline came on some of the session’s heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months. News Background • XRP remains caught between growing…

BlackRock’s spot Bitcoin exchange-traded fund has been a gateway for new investors to enter the wider ETF market, according to Jay Jacobs, US head of equity ETFs at BlackRock.  Around three-quarters of investors in BlackRock’s iShares Bitcoin Trust ETF have never owned an ETF before, Jacobs told Cointelegraph on the Chain Reaction podcast Thursday.  “IBIT was a way for traditional investors to…

Morgan Stanley has filed an amended S-1 registration statement for its Ethereum and Solana ETFs. The filings represent another step toward launching new crypto ETFs after its spot Bitcoin ETF debut in April. Morgan Stanley Discloses Fee Details & Staking Income Metrics Both the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust would levy a sponsor fee of 0.14% annually off the share…

US spot Bitcoin ETFs turned negative on June 17, yet fund-level flows revealed a split market, with some products still attracting fresh capital. Farside Investors recorded $82.2 million of net outflows across the US spot Bitcoin ETF group. but the split underneath that total carries more signal than the headline number. ARKB lost $43.5 million, IBIT lost $30.8 million, GBTC lost $15.5 million,…

Arca Chief Investment Officer Jeff Dorman believes that Strategy (NASDAQ: MSTR) may be forced to sell billions of dollars worth of Bitcoin or common stock to ease concerns about its STRC preferred stock. Dorman Warns Strategy May Have To Sell More Bitcoin, MSTR Stock The comments followed Strategy’s STRC preferred stock trading down to as low as $82.53 on June 18. Thereafter, it rebounded a bit…

The punishments of Alexander Mashinsky, the imprisoned former chief of Celsius until its high-profile collapse, continue with a formal banishment from any ability to seek business with the U.S. Commodity Futures Trading Commission or the trading it oversees. The derivatives regulator didn’t pile any new fines onto Mashinsky, who previously pleaded guilty to accusations he misled the public about…

Elon Musk’s SpaceX is once again gaining market attention, but this time for its debt strategy. The company’s bankers are exploring a massive $20 billion bond sale to refinance existing obligations. Notably, this follows the blockbuster IPO of the firm last week, which has crowned Elon Musk as the first trillionaire in the world. At the same time, SPCX stock has dropped sharply, signaling…

[Updated June 18 at 3:03 pm UTC: Updates with statement from Bybit beginning in the fifth paragraph.] Crypto exchange Bybit has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a registry designed to warn consumers about entities that may be wrongly perceived as licensed or regulated by the financial watchdog.  Bybit Fintech Limited and Bybit appeared on the MAS…

Bitcoin lending platform Ledn has expanded its services to include Tether Gold (XAUt), allowing investors to hold the tokenized asset and borrow against it in much the same way they can borrow against Bitcoin. Ledn announced Thursday that clients can use XAUt as collateral for loans instead of selling their holdings for cash. Under the company’s existing lending model, client collateral is held…

Robinhood (NASDAQ: HOOD) stock price closed trading at $105 on June 17, its highest level in almost six months, prompting Cathie Wood’s Ark Invest to book profits with a sale of 275,571 shares valued at $28.5 million. ARK’s sale did not dent the HOOD stock price rally or dent the sentiment, with Bernstein and Deutsche Bank reiterating a “buy rating” on the shares after the recent restructuring…

Bitget has revealed the biggest pain points within the job opportunities that plague the blockchain industry through its Web3 Next-Gen Talent Intelligence Report. The report draws results from the recent study done by the Blockchain4Youth (B4Y) initiative, which found that the talent pool within the Web3 industry is severely lacking. The study surveyed aspiring and early-career professionals…