24/7 Blockchain industry dynamics and breaking crypto news
HSBC has introduced a Hong Kong dollar stablecoin, RedCoin (RCHKD), through its PayMe payment app. Wallet activation will roll out to eligible users in the coming days. Pegged 1:1 to HKD, it's backed by high-quality assets and usable within PayMe's ecosystem for transfers and payments, marking a significant move by a traditional bank into digital assets.
Read MoreJ.P. Morgan Asset Management has extended its tokenized money funds MONY and JLTXX to the Solana blockchain, allowing qualified U.S. investors to access them via its institutional platform. The move aims to expand distribution and settlement options.
Read MoreOn Oct 23, Initia Layer1 and its rollups were halted due to a critical MoveVM zero-day vulnerability. Attackers minted tokens and transferred ~$2.7M via cross-chain bridges within 7 minutes, causing a complete network shutdown with no restart timeline.
Read MoreRumors of NVIDIA discontinuing certain consumer GPU models have triggered market chaos in Shenzhen's Huaqiangbei. High-end models like RTX 5090 and RTX 5080 have seen prices triple in weeks, with quotes changing daily. Industry veterans describe an unprecedented market frenzy.
Read MoreAnalyst Ali Martinez notes Bitcoin often faces pullbacks around US midterm elections based on historical patterns. The $73K level, near short-term holder cost basis, is now key support. Macro liquidity remains the primary market driver.
Read MoreU.S. lawmakers from both parties view AI industry leaders as a growing political liability. They urge executives to focus on product development and safety, clearly communicating AI's benefits to the public instead of amplifying doomsday scenarios that fuel regulatory confusion and public backlash.
Read MoreThe SEC's new exemption for tokenized securities has sparked debate over which blockchains meet the "public and permissionless" standard. Solana advocates stricter controls, while Hedera pushes for inclusion of permissioned-node chains. Several firms have filed notices, and the SEC may issue further guidance after reviewing feedback.
Read MoreThe OCC's final GENIUS Act rules remove the automatic 7-day redemption extension, defining 'timely redemption' as when the issuer initiates payment. Standard redemptions are capped at 2 business days, with new reporting requirements for large withdrawals. The rules take effect in 2027.
Read MoreA Polygon multisig wallet transferred approximately 52.9 million POL tokens valued at $4.82 million to a staking contract. Analysts link the move to rising staking APY, which could support POL's price stability amid market pressure.
Read MoreTrading expert Dr Profit identifies the $79K-$81K range as a strategic accumulation zone for Bitcoin. He views price dips into this area as opportunities to add long positions rather than sell signals, sharing his current trading approach.
Read MoreU.S. Bitcoin spot ETFs saw a net inflow of approximately $301 million this week. BlackRock's IBIT dominated with $566 million in inflows, while most other funds experienced net outflows, creating a single-fund driven flow pattern.
Read MoreGrayscale's new analysis warns that token supply inflation can dilute rewards from staking and buybacks. Their 'fee-based valuation framework' measures real yield by comparing protocol revenue to market cap, revealing wide disparities in adjusted yields across major tokens.
Read MoreThe Saudi-led coalition announced the successful interception and destruction of two ballistic missiles launched by Yemen's Houthi forces. The missiles were targeting the Saudi cities of Taif and the Red Sea port of Yanbu, highlighting ongoing regional tensions.
Read MoreOn-chain data reveals US Bitcoin spot ETFs saw a net inflow of 5,183 BTC this week. This pivotal shift has turned the year-to-date cumulative net flow positive for the first time in 2026, reaching 10,784 BTC, indicating a potential change in market sentiment.
Read MoreIsraeli PM Netanyahu revealed a contingency plan involving blockchain technology to counter potential banking sanctions on cross-border fund flows. However, the plan lacks specifics, and experts note converting crypto to usable cash still relies on traditional banks, highlighting practical hurdles.
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