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HSBC Bank Pilots e-HKD+ Stablecoin Across Various Blockchains – Chinese CBDC Coming?

HSBC, the largest bank in Hong Kong, has successfully completed a series of blockchain experiments under the Hong Kong Monetary Authority’s (HKMA) Project e-HKD+. These tests were designed to explore the technical and commercial feasibility of issuing a central bank digital currency (CBDC) version of the Hong Kong dollar. HSBC conducted the experiments across a range of both public and private Distributed Ledger Technology (DLT) environments, including Arbitrum, Ethereum, Linea, and Polygon. The move reinforces the bank’s commitment to shaping the future of digital money and highlights its role as the first local bank to launch an on-chain settlement service in the region. Practical Use Cases and Public Sentiment The pilot focused on how a digital Hong Kong dollar could function in real-world scenarios. HSBC explored how e-HKD could serve not just as a store of value and a means of transfer, but also as a settlement utility for tokenised assets. Key areas of investigation included scalability across both public and private blockchains, the role of Privacy Enhancing Technologies (PET), and the use of Decentralised Identity (DID) systems to maintain security and user privacy. To complement its technical exploration, HSBC surveyed over 700 Hong Kong residents and investors. Findings revealed that 90% of respondents valued privacy in digital currency transactions. While just 42% of the general public said they were familiar with e-HKD, that figure rose to 65% among professional investors. Notably, one-third of participants expressed willingness to use e-HKD for trading digital assets, citing the perceived safety of a government-backed, blockchain-based currency. HSBC’s Broader Role in Hong Kong’s Digital Finance Push Beyond Project e-HKD+, HSBC said it is playing a leading role in Hong Kong’s broader digital asset initiatives. The bank is a member of the e-HKD Industry Forum and has supported related programs such as Project mBridge and Project Ensemble. It also helped issue the HKSAR Government’s digital green bonds and recently launched a Tokenised Deposit Service for corporate clients—Hong Kong’s first bank-led blockchain settlement solution. HSBC executives Luanne Lim and John O’Neill stressed the bank’s dedication to financial innovation and the advancement of secure, scalable digital currencies. More findings from Project e-HKD+ are expected to be released later this year, potentially laying the groundwork for a larger CBDC rollout in the region. Hong Kong CBDCs and Crypto Trading Licenses Hong Kong’s Securities and Futures Commission (SFC) has recently issued another license under the new crypto trading platform regime, granting approval to HKVAX following OSL and HashKey. ✅ Hong Kong's financial regulator has granted its third crypto trading license, with plans to approve more by the end of the year. #HongKong #Crypto https://t.co/K4DfrfbbHn — Cryptonews.com (@cryptonews) October 7, 2024

2025/07/11

KULR Expands Bitcoin Holdings to 1,021 BTC, Reports 291% BTC Yield

NYSE-listed firm KULR Technology Group , a sustainable energy management and a self-declared “Bitcoin First” company, has expanded its digital asset treasury with a fresh multimillion-dollar Bitcoin acquisition. KULR has acquired 90 BTC for ~ 10 million at ~ $108,884 per #bitcoin and has achieved BTC Yield of 291% YTD. As of 7/9/25, we hodl 1021 $BTC acquired for ~ $101 million at ~ $98,627 per bitcoin. $KULR pic.twitter.com/aXyB0AABsr — Michael Mo (@michaelmokulr) July 10, 2025 In a press release shared with CryptoNews, the firm said with additional bitcoin purchases totaling approximately $10 million, KULR now holds 1,021 BTC, valued at about $101 million. The latest acquisitions were made at a weighted average price of $108,884 per bitcoin, including fees and expenses. This move is in line with the company’s Bitcoin Treasury Strategy, first announced on December 4, 2024, under which up to 90% of its surplus cash reserves are allocated to bitcoin. KULR joins a growing list of companies that have added Bitcoin to their balance sheets as a treasury strategy. This includes MicroStrategy, a business intelligence firm and one of the largest corporate holders of Bitcoin. BTC Yield Emerges as Key Performance Indicator A core component of KULR’s strategy is its proprietary metric: BTC Yield. This figure, which reached 291.2% year to date, measures the percentage increase in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding. According to the firm it intends to reflect the effectiveness of the company’s bitcoin acquisition tactics. Complementary metrics include BTC Gain (633 BTC), BTC Dollar Gain ($70.3 million), and a multiple of Net Asset Value (mNAV) currently at 2.24. KULR notes these metrics are designed to capture the value-accretive nature of its treasury operations, rather than serve as traditional financial indicators. Cautions on Interpreting BTC Metrics While BTC Yield offers insight into KULR’s Bitcoin-centric strategy, the company cautions that it should not be considered a proxy for earnings performance or liquidity. It excludes liabilities and does not reflect overall financial health. KULR said that its stock price is influenced by a broader set of variables beyond bitcoin holdings. Investors are advised to use BTC Yield as a supplemental tool and refer to the company’s full financial statements and SEC filings for a comprehensive view of its position, says the firm. KULR Price Action – Modest Gain KULR Technology is trading at $6.58 today, up 2%, reflecting modest intraday gains. KULR continues to show investor confidence, supported by its Bitcoin-driven narrative and endorsements by analysts. That said, it remains a volatile, technically uncertain stock. KULR Boosts Mining Capacity with New Deployment in Paraguay This month KULR said it has also deployed 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Asuncion, Paraguay, raising its total mining capacity to 750 PH/s across multiple sites. $KULR Technology recently announced our deployment of 3570 Bitmain Miners, located in Paraguay. For more information check out our recent press release. https://t.co/nLT41EbHuc #KULR #bitcoin #bitcoinmining pic.twitter.com/CTLTC2HGtD — KULR Technology (@KULRTech) July 9, 2025 This expansion highlights KULR’s dual approach—mining Bitcoin and purchasing it on the open market—allowing the company to flexibly and efficiently grow its BTC treasury.

2025/07/11

Bitcoin Price Breakout is Imminent And Crypto’s First-Ever BTC Layer 2 Token HYPER Will Surge

Bitcoin reached a fresh all-time high of $112,022 yesterday as an enormous price breakout beckons, and the world’s first-ever Bitcoin Layer 2 chain’s native token, Bitcoin Hyper (HYPER) , is going ballistic in presale. The new Solana Virtual Machine (SVM) Layer 2 chain for Bitcoin will turbocharge transaction speeds and reduce costs, bringing Bitcoin into the Web3 fold, with all the benefits that entails. In many ways an SVM Layer 2 for Bitcoin is such an obvious idea that it’s a wonder nobody thought of it up until now. But then again, many of the best ideas often seem obvious in retrospect. The cryptoverse has welcomed the innovative chain by backing the project with hard cash. Bitcoin Hyper Token has raised $2.24 million from early-bird investors who clearly know a good thing when they see it. The roadmap progress has encouraged early buyers, Today saw the team announce that it had (quietly) turned on the Bitcoin Hyper devnet a few weeks ago. It is barely a month since the presale began, so it won’t be surprising to see this initial coin offering hit double figures soon. Bitcoin Hyper is on sale today for the lowest available price of $0.0122, but the price ladder rises every two days, so time is of the essence. Meanwhile, Bitcoin is signalling that it is about to decisively enter price discovery territory. Get ready for Bitcoin Hyper price stages to start selling out fast. Why a Bitcoin Price Breakout is Imminent – and Bitcoin Hyper Will Start Selling Out Fast In recent weeks, there is an increased of Bitcoin HODLing, which suggests that people expect a solid price advance. After falling to as low as $76k in April as tariff turmoil kicked in on the markets, the price has stayed above $100k since early May. At current price levels, the vast majority of holders are now in profit. Continued strong institutional buying underpins the demand for Bitcoin. The inflow to spot Bitcoin ETFs provides a useful proxy for institutional demand, as illustrated in the Glassnode chart below: Source: Glassnode However, another little-noticed indicator measures something called entity-adjusted liveliness. Sure, it’s a mouthful, but put simply, the metric tells us about a change in market character by looking at the balance between spending and hodling. As shown in blue, we are now in a hodling period. All previous such periods are followed by periods of distribution, which saw price trending higher, although the Mt.Gox distribution period is an exception. This is all good news for a Bitcoin derivative coin like Bitcoin Hyper that is deeply embedded in the Bitcoin ecosystem, both at a value and fundamentals level. On the fundamentals, the Lightning Network is of particular interest for HYPER token fans. The Lightning Network is a sidechain that enables faster payments by creating payment channels between users. However, the problem with this pseudo ‘Layer 2’ is that the transacting parties have to pre-fund the channels. After initial enthusiasm, the adoption of the Lightning Network has stalled, as seen in the chart below of the number of active nodes: Source: Glassnode Again, this is good news for HYPER as it demonstrates the need for a more robust, easier-to-use Layer 2 solution based – as Bitcoin Hyper is – on the tried-and-tested Solana Virtual Machine. Fiat is Hopeless – Bitcoin (and its Layer 2, Bitcoin Hyper) Point to the Way Ahead Slightly leftfield but nevertheless relevant for Bitcoin Hyper bulls, Tesla investors are none too happy with Elon Musk’s political antics at the moment. It’s a different story if you are in crypto though, because his new yet-to-be-registered America Party will be embracing Bitcoin, according to a recent Elon X post reply . As the Trump vs Musk feud worsens, thinly veiled threats surrounding the ‘Epstein list’ are again coming to the fore. But it is Musk’s description of fiat currency as “hopeless” and his affirmative response when asked if his putative America Party will “embrace Bitcoin”, that is music to the ears of Bitcoin Hyper token buyers. It all ties in with Musk’s abhorrence of the debt-multiplying Big Beautiful Bill, which lawmakers signed into effect on US Independence Day and, by some measures, will add $3 trillion to the public debt. As the debt splurge continues unabated, Bitcoin stands out as a much better long-term store of value than the US dollar. And if the weakening price of long-duration US government bonds is anything to go by, an increasing number of investors and creditors are likely to agree. Bitcoin Hyper Will Power a More Dynamic Bitcoin Of course, Satoshi Nakamoto originally envisaged Bitcoin as peer-to-peer electronic cash , and while it served this purpose to varying degrees back in the early days of the nascent network, on the whole it has failed in that mission in the mainstream. However, the emergence of Bitcoin Hyper rekindles a future for Bitcoin as a digital cash payment method for everyday items, as well as opening up the ecosystem to the world of decentralized finance and Web3 in ways that were previously shut off. Bitcoin Hyper is helping to open up a multi-billion-dollar market to a flood of BTC liquidity, making it much easier for Bitcoin’s use as a programmable layer for DeFi, meme coin launches, NFT marketplaces and the like. Why Bitcoin Hyper is the Bridge to the Future Bitcoin Hyper deploys a non-custodial bridge that allows users to deposit Bitcoin at one end of the bridge. This deposit is verified using zero-knowledge proof technology and then locked, with a wrapped version minted at the other end of the bridge on the Layer 2 network. The wrapped BTC in the Bitcoin Hyper ecosystem powers staking, yield farming, trading – you name it. Transaction fees are near-zero and execution time is super fast. To withdraw funds from the Layer 2 chain, users access the burn mechanism for the wrapped Bitcoin, which unlocks the equivalent amount of BTC on the Bitcoin base chain. Bitcoin Hyper is the best of both worlds – it leverages the security of the Bitcoin network and the scalability of the Solana Virtual Machine. There is truly nothing else like it in crypto right now, which is what makes it such a valuable proposition. Don’t Miss This 100x Bitcoin Layer 2 opportunity, Which You Can Buy at a Fixed Low Price Given how quickly its presale funding run rate has accelerated, Bitcoin Hyper could be on track to hit the $3 million milestone even sooner than expected, potentially within the next week. The number of tokens deposited into the staking smart contract has popped to 145,272,629 HYPER. The more staked tokens, the greater the price foundations for the token because of the long-term commitment from token holders that staking entails. If you lock up your HYPER tokens for 12 months, the yield is currently 361%, although that rate will fall as deposits into the staking smart contract pool continue to increase. It means it pays to get in early to maximize rewards. To participate in the presale, connect your wallet at the Bitcoin Hyper website and purchase using ETH, USDT, BNB, or a credit card. Alternatively you can buy using Best Wallet , where the HYPER token can be found in the ‘Upcoming Tokens’ section of the app. Purchasing via Best Wallet makes tracking, managing, and claiming your tokens seamless. The Upcoming Tokens feature also enables you to get ahead of the crowd by discovering new coins still in presale. Bitcoin Hyper promises to be one of the most exciting developments in the Bitcoin ecosystem this year. As the bull market develops, the returns on HYPER are likely to far surpass those available from stacking Bitcoin or large-cap altcoins. Stay connected with the Bitcoin Hyper community on Telegram and X . Visit the Bitcoin Hyper Token.

2025/07/10

Australia’s Central Bank Progresses Project Acacia Testing for CBDC Asset Settlement

Australia’s Reserve Bank announced on Thursday the selection of 24 industry participants for the next phase of its wholesale central bank digital currency (CBDC) testing initiative. The six-month pilot will conduct 19 real-money transactions and five proof-of-concept simulations across multiple asset classes, including fixed income, private markets, trade receivables, and carbon credits. Settlement will occur through various digital assets, including stablecoins, bank deposit tokens, and pilot wholesale CBDCs deployed on platforms such as Hedera, Redbelly Network, R3 Corda, and Canvas Connect. The Australian Securities and Investments Commission has granted regulatory relief to facilitate the testing, and project findings are expected in the first quarter of 2026. Source: Bloomberg ASIC Enables Real-Money CBDC Testing Through Regulatory Relief The regulatory relief allows participants to conduct tokenized asset transactions using CBDCs between financial institutions without standard licensing requirements during the pilot period. ASIC Commissioner Kate O’Rourke noted that the relief instrument will enable wholesale market testing of technologies that could potentially boost efficiency and foster economic growth. Selected participants include major Australian banks such as Commonwealth Bank, ANZ, and Westpac, alongside specialized firms like Australian Bond Exchange, Fireblocks, and Zerocap. Brad Jones, Assistant Governor for Financial System at the RBA, emphasized the strategic importance of ensuring Australia’s monetary arrangements remain fit for purpose in the digital age. Jones described Project Acacia as “ an opportunity for further collaborative exploration on tokenized asset markets and the future of money by the public and private sectors in Australia, ” with use cases designed to help the RBA better understand innovations in both central bank and private digital money. Professor Talis Putnins from the Digital Finance Cooperative Research Centre also highlighted the potential economic impact. He referenced recent research suggesting potential economic gains in markets and cross-border payments could reach AU$19 billion annually. Australia Pursues Wholesale CBDC Strategy Amid Global Digital Currency Race Project Acacia builds on Australia’s September 2024 decision to prioritize wholesale CBDC development over retail applications due to greater economic benefits. The initiative aligns with global trends, as 134 countries representing 98% of the global economy are exploring CBDCs , according to research by the Atlantic Council. 🌍 The CBDC race is heating up. 134 countries are now exploring digital currencies, covering nearly the entire global economy, according to @AtlanticCouncil . https://t.co/dDzG7B7Zqb — Cryptonews.com (@cryptonews) September 17, 2024 The competitive pressure is particularly evident in the Asia-Pacific region, where China’s digital yuan transactions reached $986 billion by June 2024 across 17 regions and 44 countries currently running CBDC pilot programs of varying scales and ambitions. Cross-border wholesale CBDC projects have more than doubled globally, with initiatives like Project mBridge connecting financial institutions across multiple jurisdictions. Australia’s comprehensive digital asset framework encompasses tokenization, real-world assets, and CBDC integration within broader efforts to modernize the financial system. However, challenges remain complex, as David Lavecky, head of Canvas, previously told Cryptonews that the Reserve Bank of Australia’s approach to issuing eAUD is “multifaceted,” with several legal, regulatory, and operational hurdles still to overcome. 🇦🇺 Exclusive: Reserve Bank of Australia’s Approach Towards Issuing eAUD is “Multifaceted,” Says Canvas Head David Lavecky. Read the full story 👇 #CryptoNews #Australia https://t.co/QJ5GYbasjx — Cryptonews.com (@cryptonews) October 9, 2023 Organizers have described Project Acacia’s real-money settlement testing on third-party platforms as another world-first for Australia in the digital finance industry.

2025/07/10

Ripple CEO: Stablecoin Market Could Hit $2 Trillion in Coming Years

Ripple CEO Brad Garlinghouse believes the stablecoin sector is poised for explosive growth, projecting the market could balloon from its current $250 billion capitalization to as much as $2 trillion in the near future. Key Takeaways: Ripple sees a $2 trillion stablecoin market as a realistic near-term outcome. RLUSD has surpassed $500 million in market cap, with BNY Mellon as its custodian. Ripple is pursuing a US banking license to deepen integration with traditional finance. Speaking on CNBC’s “Squawk Box” Wednesday , Garlinghouse described the expansion as “profound,” citing institutional momentum and evolving regulation as key drivers. Ripple entered the stablecoin space late, Garlinghouse noted, largely because the company had been leveraging third-party stablecoins in its enterprise payment flows. Ripple Bets on RLUSD to Compete in Stablecoin Race RLUSD, Ripple’s own USD-pegged stablecoin, has given the firm an opportunity to compete, thanks to its existing institutional base and focus on regulatory compliance. “Many people think it will reach $1 to $2 trillion in a handful of years,” Garlinghouse said, adding that Ripple is positioned to benefit from that trajectory. He also announced that BNY Mellon will act as custodian for RLUSD, which crossed the $500 million market cap milestone this week. Industry voices appear to echo Ripple’s optimism. Henrik Andersson, CIO at Apollo Capital, told Cointelegraph the projection aligns with their internal forecasts. “We are seeing fintechs, banks, social networks, and large retailers all launch their own stablecoins,” he said, pointing to growing competition and adoption across sectors. Andersson also highlighted the success of market leaders like Tether, which has turned its dominance into strong profitability. Looking ahead, he said the GENIUS Act , a bill that would give stablecoins legal tender status in the US, could be a major accelerant. The legislation passed the Senate in June and is expected to be enacted later this month. Nick Ruck, director at LVRG Research, added that a friendlier regulatory stance from the SEC could create favorable conditions for the stablecoin market to grow severalfold, possibly hitting the $2 trillion mark within a few years. ANNOUNCEMENT: BNY selected to serve as the primary reserve custodian of @Ripple ’s enterprise-grade stablecoin, Ripple USD ( #RLUSD ). #BNY and Ripple are jointly committed to paving the way for digital asset adoption at institutional scale and together are helping to bridge the… pic.twitter.com/RjyDyBj0Qk — BNY (@BNYglobal) July 9, 2025 Ripple is also tightening its ties to traditional finance. Earlier this month, the firm applied for a banking license with the Office of the Comptroller of the Currency (OCC) and a Federal Reserve Master Account. Garlinghouse said the move is aimed at building “bridges between traditional finance and DeFi.” Ripple’s RLUSD Gains Traction Meanwhile, RLUSD continues to gain traction , recently integrating with crypto payments provider Transak. RLUSD’s growing adoption comes against a background of the stablecoin reaching a $500 million market cap for the first time since it debuted trading less than seven months ago. XRP, Ripple’s cross-border payments token, has rallied 7% this week, trading at $2.42, its highest level in nearly two months. Stablecoins have emerged as one of crypto’s rare success stories, capturing the attention of corporations and regulators alike. Recent reports that Amazon, Walmart, and other major companies are exploring stablecoin payments sent ripples through traditional finance, briefly pushing stablecoin transaction volumes ahead of Visa’s in 2024. Frank Combay of Next Generation said regulatory clarity , especially Europe’s MiCA framework, has unlocked stablecoins’ growth potential by removing the biggest barrier: uncertainty. He believes stablecoin ecosystems can reduce transaction costs by over 90% and are becoming increasingly attractive to both consumers and corporations.

2025/07/10

Digital Assets Are Not Going Away, Senator Tim Scott Says

Senate Banking Committee Chairman Tim Scott (R-SC) urged his fellow U.S. lawmakers to advance key crypto market structure legislation during a crucial July 9 hearing. Crypto’s Not Going Anywhere, Tim Scott Says According to a Wednesday press release from the United States Senate Committee on Banking, Housing, and Urban Affairs, Scott praised the chamber’s passage of the GENIUS Act while doubling down on the significance of the hearing to be able to “build on that success.” “Today’s hearing is the first full committee hearing on digital assets,” Scott said. “This is a crucial step toward developing a comprehensive framework that gives innovators the clarity they need and gives investors the protections they deserve.” “Because make no mistake: blockchain technology and digital assets are not going away – they are here to stay,” he added. The question we should ask ourselves is whether the United States will lead in shaping the future of digital finance, or whether we’ll let other countries like Singapore and the UAE set the standards while American jobs and innovation leave our shores.” Elizabeth Warren Delivers Her Own Crypto Priorities List Titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” the hearing largely focused on developing broad crypto market legislation in the United States under a crypto-friendly White House. Heavyweight crypto policy witnesses who testified before the committee included Blockchain Association CEO Summer Mersinger, Ripple CEO Brad Garlinghouse and Chainalysis CEO Jonathan Levin. Senator Elizabeth Warren also unveiled her own crypto market structure priorities during the hearing, stating that the U.S. needs crypto legislation that “will strengthen our financial system, not make it worse.” “I’m concerned that what my Republican colleagues are aiming for is another industry handout that gives the crypto lobby exactly its wish list: The blessing of the government’s approval, combined with crypto rules that are weaker than the rules every other financial actor must follow,” Warren said.

2025/07/10

USDT Prices Surge in Argentina as Dollar Demand Spikes

USDT prices have reportedly risen in Argentina as demand for US dollars rises in the Latin American nation. Criptonoticias reported that the price of USDT rose above the 1,280 peso mark on July 8. At the time of writing, that would price USDT at USD 1.02, rather than USD 1.00. The news comes just three months after the Lemon Cash platform, one of the country’s most popular crypto exchanges, recorded an all-time high for stablecoin purchases. The firm said that between April 14, between 10 am and 11 am, stablecoin transactions grew by more than 350% hour-on-hour. The USDT market cap over the past 12 months. (Source: CoinMarketCap) USDT: Argentina Demand Growing? The same crypto exchange said that stablecoin buying is a growing trend in Argentina. It announced that, in February this year, combined USD-pegged coin trading volumes were 2.5 times higher than the monthly average for 2024. Experts and media analysts in the nation have credited much of the rise to the Argentine government’s announcement on April 13 that it would lift a much-maligned cap on USD buying. The foreign exchange restrictions were first imposed back in 2019, when Buenos Aires attempted to address ballooning inflation rates and falling domestic investment rates. However, the newspaper La Nacion claimed that other factors are also at play. Fears of a peso devaluation remain high. And while the government has seemingly emerged victorious in its battle with hyperinflation, trust in the peso remains low. Argentina inflation tumbles to five-year-low 1.5% in boost for Milei https://t.co/bFXBMAODWD https://t.co/bFXBMAODWD — Reuters Politics (@ReutersPolitics) June 13, 2025 Dollarization Plans Still in Play? Ahead of his election in 2023, President Javier Milei promised to scrap the Argentine peso and dollarize the country’s economy. Media outlets also pointed to growing “uncertainty” ahead of legislative elections slated for October 26. Criptonoticias wrote that “many savers are seeking refuge in dollar-denominated assets in the face of possible changes in the government’s economic direction.” However, experts also pointed to new Christmas bonus rules, which this year saw companies pay their employees bonuses in June. This has led many to invest surplus funds in assets they think can store value in the medium and long term. For many, this is the US dollar. But for others, it is Bitcoin (BTC) , which also remains popular in Argentina. Many traders use USDT and other USD-pegged coins to buy and sell BTC. USDT prices versus the Argentine Peso over the past month. (Source: Google Finance) However, others explained that FOMO (fear of missing out) may also be driving the dollar market. The concept of the “ dólar barato ” (literally: “cheap dollar”) appears to have taken root in the Argentinian markets. An acceleration of the agricultural sector’s liquidation process was cited as another factor. This refers to a recurring Argentine economic phenomenon whereby farmers and exporters convert their foreign currency earnings from agricultural exports into fiat pesos. The consulting firm Ecolatina explained to La Nation: “The acceleration of the agricultural sector’s liquidation is occurring amid two factors. First, increased seasonal demand from individuals during the Christmas bonus season. And second, a deterioration in expectations [as savers think about the] ‘day after the agricultural sector’s liquidation.’ This anticipates higher demand at a time when the dollar is perceived as cheap. And that, in turn, creates a self-fulfilling prophecy.” President Javier Milei is counting on a shale-oil boom in Argentina to cement his libertarian economic reforms https://t.co/djmmzH5npj — Bloomberg (@business) July 6, 2025 Black Market USD Prices Also Climbing Criptonoticias, meanwhile, explained that “dólar barato” sees savers “buy to protect themselves, which in turn increases demand and pushes the price up.” In other words, the outlet concluded, “the rise ultimately occurs because of the trading activity of people who anticipate” a rise in USD prices. La Nacion explained that black market dollar prices are also on the rise, climbing 3.25% from July 4 to July 7. The rate if MEP dollar, which is used to legally dollarize savings as an emergency measure, climbed 2.4% from ARS 29.52 to ARS 1,276.44 in the same period. Earlier this month, the USDT operator Tether announced it was exploring a joint Bitcoin mining project powered by Brazilian renewable energy sources .

2025/07/10

Senator Elizabeth Warren Unveils Crypto Market Structure Principles In Key Committee Hearing

Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, unveiled her crypto market legislation framework during the committee’s July 9 hearing. Elizabeth Warren Introduces Crypto Priorities in Senate Hearing According to a Wednesday press release from the committee, Warren debuted a list of five priorities she believes should “guide” U.S. lawmakers’ legislative process when developing crypto policy. Principles introduced by Warren include upholding securities laws for non-crypto assets, maintaining financial stability, requiring anti-money laundering compliance and closing sanctions loopholes ensuring investor protections, and preventing public officials from profiting off of crypto tokens. 🚨NEW: This morning, the Senate Banking Committee will hold a hearing on crypto market structure legislation. I’m hearing Elizabeth Warren, top Dem on the committee, will announce she would support a bill if it meets these 5 criteria: “1. Protecting our bedrock securities laws;… — Sander Lutz (@s_lutz95) July 9, 2025 “We need a crypto regulatory framework that reduces these risks,” said Warren. “But I’m concerned that what my Republican colleagues are aiming for is another industry handout that gives the crypto lobby exactly its wish list: The blessing of the government’s approval, combined with crypto rules that are weaker than the rules every other financial actor must follow.” “We need crypto legislation that will strengthen our financial system, not make it worse,” she added. Trump Faces Scrutiny For Crypto Ties Titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” the hearing largely focused on developing mainstay crypto market legislation. The hearing saw testimony from several high-ranking players in the crypto sector, including Blockchain Association CEO Summer Mersinger, Chainalysis CEO Jonathan Levin, and Ripple CEO Brad Garlinghouse. Other witnesses speaking at the event included former Commodity Future Trading Commission (CFTC) Chairman Timothy Massad, Paradigm General Partner Dan Robinson, and former Associate Counsel to the President Richard Painter. Warren has long spoken out about U.S. President Donald Trump’s crypto ventures, particularly in regards to his namesake memecoin $TRUMP. “The American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder in exchange for the President’s own financial gain,” Warren and fellow Senator Adam Schiff (D-CA) said in a recent statement. However, it remains to be seen whether the Senate committee will seriously pursue Warren’s crypto legislative priorities .

2025/07/10

Japanese Firm Remixpoint Secures $215 Million Funding to Purchase 3,000 Bitcoins

Japanese energy consulting firm Remixpoint has raised approximately 31.5 billion yen ($215 million) through a financing round dedicated exclusively to Bitcoin investments. The company announced that its short-term objective is to acquire 3,000 BTC , although this target may be adjusted based on Bitcoin’s market price and Remixpoint’s stock performance (3825.T). In a July 9 statement translated from Japanese, Remixpoint explained, “ We have become even more convinced of Bitcoin’s future, and this decision is the result of extensive discussions to enhance corporate value from a risk-return perspective, while also keeping future options open. “ リミックスポイント本日開示ファイナンスにて約315億円資金調達資金使途、全額BTC取得目先『3000BTC保有』を目指す ※BTC価格、株価により変動あり（初回以降は3日連続取引日の平均株価）背景より一層ビットコインの未来に確信を持ち、議論を重ねた結果となります。… — リミックスポイント公式Xアカウント (@remixpoint_x) July 9, 2025 Japanese Remixpoint Building on Existing Bitcoin Strategy Remixpoint has been accumulating Bitcoin since September 2024, establishing itself as a significant corporate holder in the cryptocurrency space. According to Bitcoin treasuries data, Remixpoint ranks as the 30th publicly listed company by Bitcoin holdings with 1,051 BTC, surpassing firms like Nano Labs and The Smarter Web Company at the time of writing. The company’s commitment to Bitcoin was demonstrated earlier this year when it approved a ¥1 billion ($7 million) Bitcoin purchase following a board resolution in May. 🇯🇵 Japan’s Remixpoint approves another $7M Bitcoin purchase, raising total crypto holdings to $84M. #Japan #Remixpoint #Bitcoin https://t.co/ozpqS3v3QL — Cryptonews.com (@cryptonews) May 26, 2025 Beyond Bitcoin, Remixpoint has expanded its digital asset holdings to include Ethereum ( ETH ), Solana ( SOL ), and Avalanche ( AVAX ). In September 2024, the firm invested approximately $351,700 to acquire 130.1 ETH , 2,260.5 SOL, and 12,269.9 AVAX tokens. The Japanese firm’s crypto commitment extends to executive compensation, with the company becoming the first Tokyo Stock Exchange-listed entity to pay its CEO and President entirely in Bitcoin. According to the report, CEO Yoshihiko Takahashi characterized this decision as a “ clear signal ” of his commitment to corporate value and shareholder-focused governance. Moreover, Remixpoint’s stock price has demonstrated a strong correlation with Bitcoin’s performance, benefiting from the cryptocurrency’s success. When Bitcoin reached its lows of $77,000 in April, 3825.T shares traded at ¥328 ($2.26). As Bitcoin climbed above $109,000 in May, the stock price more than doubled to ¥701 ($4.88). Source: Bitcoin Treasuries At press time, Remixpoint shares trade at 592 yen, reflecting a 3.86% increase in the last 24 hours and over 64% year-to-date gains, according to Google Finance . Growing Japanese Corporate Bitcoin Adoption Remixpoint’s strategy aligns with an emerging trend among publicly listed companies that incorporate Bitcoin into their balance sheets. While U.S.-based companies like MicroStrategy have popularized this approach , Remixpoint joins a growing list of Japanese firms adopting similar models. Metaplanet, another Bitcoin-focused Japanese company, has consistently expanded its holdings of BTC. 🛒 Japanese investment firm @Metaplanet_JP has unveiled an ambitious new target to amass 210,000 BTC by the end of 2027. #Metaplanet #Bitcoin https://t.co/jCQ3G0uzPC — Cryptonews.com (@cryptonews) June 6, 2025 On Monday, Metaplanet purchased an additional 2,205 BTC , bringing its total Bitcoin holdings to 15,555 BTC, valued at approximately 225.8 billion yen ($1.7 billion). In April, NASDAQ-listed Japanese beauty and cosmetic surgery clinic operator SBC Medical Group Holdings completed a Bitcoin purchase worth over $418,000 . Moreover, Japan’s evolving regulatory landscape is supporting the increased adoption of cryptocurrencies. The country is preparing to formally recognize crypto assets as financial products under its Financial Instruments and Exchange Act and is moving toward approving Bitcoin ETFs. These developments are expected to encourage more Japanese companies and citizens to embrace Bitcoin and cryptocurrency investments. Government officials are also considering Bitcoin as a reserve asset. Satoshi Hamada, a member of parliament from the Party to Protect the People from NHK, has called for the establishment of a national Bitcoin reserve , similar to recent proposals from lawmakers in Argentina, Russia, and other countries.

2025/07/09

[LIVE] Suspected Exploit Hits GMX Exchange: Over $42M Drained from Vaults – DeBank Reports

Decentralized exchange GMX is believed to have suffered a major exploit, with over $42 million in digital assets reportedly drained from its vaults, according to data from DeBank. The incident appears to involve a suspicious outflow of funds. Over $42 million was transferred from GMX Vault-related contracts to a single wallet address: 0xdf3340a436c27655ba62f8281565c9925c3a5221. The funds are now being bridged from Arbitrum, a Layer 2 Ethereum scaling network, back to the Ethereum mainnet—a common tactic used by attackers to obfuscate and launder stolen assets. . @GMX_IO has been exploited for ~$42M. The exploiter has bridged ~$9.6M worth of cryptos to #Ethereum . pic.twitter.com/SKTC1ubVEI — PeckShield Inc. (@peckshield) July 9, 2025 According to blockchain security firm PeckShield, the attacker has already bridged around $9.6 million worth of crypto assets from Arbitrum to the Ethereum network, suggesting a potential attempt to obfuscate and launder the stolen funds across chains. Suspected Smart Contract Vulnerability The nature of the incident is still under investigation, but on-chain data indicates it was likely a targeted exploit or smart contract vulnerability rather than a user error or regular withdrawal. The GMX team has not yet released an official statement confirming the breach or outlining any steps being taken in response. DeBank, a leading blockchain data analytics platform, was among the first to report the anomaly, describing the event as a “significant abnormal outflow.” The affected contracts are linked to GMX’s vault infrastructure, which is designed to manage liquidity for leveraged trading and derivatives products on the platform. As of the time of writing, no white hat intervention or recovery transactions have been observed. Community and Market Reaction The address involved in the exploit continues to move funds, increasing concern over the likelihood of recovery. Community members and independent security researchers are tracking the wallet activity in real time, hoping for further clarity and potential mitigation. This incident marks one of the larger DeFi-related exploits of the year and comes amid ongoing concerns about the security of cross-chain protocols and smart contract platforms. The GMX token (GMX) saw a sharp drop in price down to $12.51 at press time following the initial reports, reflecting market uncertainty around the scope and resolution of the exploit. More updates are expected as the GMX team investigates and releases an official statement. Security Update From GMX The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40M in tokens has been transferred from the GLP pool to an unknown wallet. Security has always been a core priority for GMX, with the GMX smart contracts undergoing numerous audits from top security… — GMX 🫐 (@GMX_IO) July 9, 2025

2025/07/09