Animoca Brands has established Anchorpoint Financial Limited, a joint venture with Standard Chartered Bank (Hong Kong) Limited and HKT, to apply for Hong Kong’s first stablecoin issuer license under the city’s new regulatory framework. The partnership submitted a formal interest to the Hong Kong Monetary Authority on August 1, the same day the Stablecoins Ordinance took effect , positioning itself among the first movers in Asia’s emerging regulated stablecoin market. Strategic Partnership Targets Mainstream Financial Integration The joint venture comes as the global stablecoin market capitalization reached a new all-time high of $261 billion in July, marking twenty-two consecutive months of growth. Hong Kong’s regulatory framework places the city among the first global financial hubs with dedicated stablecoin licensing, creating opportunities for non-USD alternatives to challenge the dollar’s dominance in regional settlement markets. Evan Auyang, group president of Animoca Brands, said the partnership aims to bring stablecoins into Hong Kong’s mainstream financial ecosystem. “Stablecoins represent one of the most compelling use cases within Web3, and we believe we are still at the early frontier of widespread adoption across institutions and retail alike,” he said. The three partners have participated in the HKMA stablecoin issuer sandbox since July 2024, exploring how stablecoins can bridge Web3 and traditional finance. We have established a joint venture, Anchorpoint Financial Limited (“Anchorpoint”) in Hong Kong, together with @StanChart (Hong Kong) and HKT, to build a business model focused on the issuance and advancement of licensed stablecoins. Anchorpoint has indicated formal interest… pic.twitter.com/XGhXmK2E7B — Animoca Brands (@animocabrands) August 8, 2025 Their collaboration comes amid a broader surge in Hong Kong’s crypto sector, with at least 10 publicly traded firms raising over $1.5 billion in July through equity placements to fund blockchain and digital currency projects. Hong Kong Accelerates Digital Asset Framework Implementation Hong Kong’s Stablecoin Ordinance officially took effect on August 1 , establishing the world’s first comprehensive licensing regime for fiat-referenced stablecoin issuers. Any entity issuing such stablecoins in Hong Kong or abroad, if pegged to the Hong Kong dollar, must obtain HKMA licensing. Hong Kong stablecoin licensing regime may accelerate HKD and CNY stablecoin adoption, challenging USD dominance in Asia’s digital settlements. #hongkong #hk #stablecoin https://t.co/mM8OxowUf3 — Cryptonews.com (@cryptonews) August 1, 2025 The framework requires issuers to maintain proper reserve asset management, segregate client assets, operate stabilization mechanisms, and honor redemption requests at par value. Compliance with anti-money laundering standards, risk management protocols, disclosure rules, and auditing requirements is mandatory. HKMA published supervision guidelines and anti-money laundering procedures on July 29, with application deadlines set for August 31 for early-stage feedback and September 30 for full submissions. The authority warned that misleading licensing claims could result in criminal penalties. Secretary for Financial Services Christopher Hui confirmed the Securities and Futures Commission has licensed 11 virtual asset platforms , with nine under review. New applicants benefit from expedited procedures involving risk-based inspections since January 2025. The government plans to regularize tokenized green bond issuance following successful 2023 and 2024 offerings. The SFC approved tokenized investment products for retail investors, including gold tokens and money market funds, with plans for real estate and private equity tokenization. Corporate Funding Surge Capitalizes on Regulatory Clarity OSL Group led Hong Kong’s crypto funding wave, raising $300 million in under three days through fast-tracked bookbuilding completed in three hours. CFO Ivan Wong described investor enthusiasm as “palpable,” with sovereign wealth and hedge funds participating. SenseTime Group secured HK$2.5 billion to explore blockchain and stablecoin applications, while JF SmartInvest Holdings raised HK$785 million for tokenized Real World Assets investments. A growing wave of Hong Kong-listed companies is tapping equity markets to back crypto ventures, raising more than $1.5 billion in July alone. #HongKong #Crypto https://t.co/mdrKXYal41 — Cryptonews.com (@cryptonews) August 1, 2025 Stocks tied to stablecoins surged 65% year-to-date on a dedicated index, significantly outperforming the broader Hang Seng Index. However, HKMA urged caution against “frothiness” and “excessive exuberance” as market excitement intensified. Private funding activity accelerated alongside public markets. Digital payments startup Kun raised over $50 million in July. The funding surge coincides with global stablecoin sector momentum. Tether maintained leadership with $164 billion market capitalization despite a slight dominance decline from 62.5% to 61.8%. USD Coin grew 3.78% to $63.6 billion, while Ethena USDe posted a remarkable 43.5% growth, reaching $7.60 billion. Source: Coindesk Research Tron network captured over 50% of total USDT supply for the first time since August 2024, climbing to $81.9 billion. The sector gained regulatory support when President Trump signed the GENIUS Act on July 18, establishing federal payment stablecoin regulations with full backing requirements and monthly reserve disclosures. The post Animoca, Standard Chartered, HKT Form Anchorpoint for Hong Kong Stablecoin License appeared first on Cryptonews .
BitcoinWorld China’s Urgent Stablecoin Ban: Brokers Halt Promotion The cryptocurrency world is buzzing with news from Beijing. Chinese authorities have reportedly directed brokers to cease stablecoin promotion to domestic users. This latest directive signals a significant reinforcement of the nation’s stringent stance on digital assets, particularly as the existing China stablecoin ban tightens its grip on the financial landscape. This decisive action further solidifies the comprehensive Chinese crypto ban that has been in place since 2021. What’s Behind China’s Latest Stablecoin Ban? According to a recent report from Bloomberg, the Chinese government is actively working to curb the growing enthusiasm for digital assets within its borders. This new order targets brokers, specifically instructing them to halt any activities that promote stablecoins to local users. This move is not entirely new; it builds upon the comprehensive Chinese crypto ban implemented in 2021, which effectively outlawed crypto trading and mining. The core objective appears to be maintaining tight control over capital flows and ensuring financial stability. Stablecoins, designed to maintain a stable value against a fiat currency like the US dollar, often serve as a bridge between traditional finance and the volatile crypto world. For Chinese citizens, they can potentially offer a pathway to bypass strict capital controls, which authorities are keen to prevent. How Do Digital Asset Regulations Impact Users? The latest directive on stablecoin promotion has direct implications for individuals seeking exposure to digital currencies. Previously, while direct crypto trading was banned, some users might have found indirect ways to acquire stablecoins, perhaps through international platforms or peer-to-peer networks. This new order aims to close such avenues, making it considerably harder for domestic users to engage with any form of digital asset. These evolving digital asset regulations highlight China’s consistent strategy. The government views decentralized cryptocurrencies as a threat to its financial sovereignty and a potential channel for illicit activities or capital flight. Therefore, every measure taken aims to solidify the state’s control over its financial ecosystem, pushing citizens towards regulated alternatives, such as the digital yuan. The ongoing enforcement of the China stablecoin ban is a clear example of this commitment. Challenges for the Crypto Market in China The ongoing crackdown presents significant challenges for the crypto market China . With brokers now explicitly forbidden from stablecoin promotion, the accessibility of digital assets for Chinese citizens becomes even more restricted. This creates a clear barrier for individuals who might otherwise explore decentralized finance (DeFi) or other crypto-related opportunities. Key challenges include: Reduced Accessibility: Direct and indirect pathways to acquire stablecoins are shrinking. Increased Risk: Users attempting to bypass the ban face higher risks of legal repercussions or scams. Isolation from Global Trends: The strict controls isolate the Chinese financial system from global crypto innovations and trends. This systematic approach underscores China’s long-term vision: a tightly controlled financial environment where the state retains ultimate authority over all monetary flows and digital transactions. What Does This Mean for Global Digital Asset Regulations? While the focus is on China, this development also sends a ripple through the global landscape of digital asset regulations . China’s actions often serve as a precedent or at least a point of reference for other nations grappling with how to regulate the burgeoning crypto space. The firm stance against stablecoin promotion reflects a broader global debate on how to manage the risks associated with these digital currencies. The ongoing China stablecoin ban demonstrates a clear intent to prioritize national financial security and control over the potential benefits of an open, decentralized digital economy. This contrasts sharply with some Western nations that are exploring regulated frameworks for stablecoins, aiming to integrate them into their financial systems. The Future of the Crypto Market in China It is clear that the crypto market China will continue to operate under severe restrictions. The government’s consistent efforts to eliminate all forms of crypto engagement, from mining to trading and now stablecoin promotion, indicate a long-term commitment to its current policy. For those interested in digital assets, understanding these prohibitions is crucial. The narrative in China remains consistent: unauthorized digital assets are a risk. This stance contrasts with the nation’s push for its own central bank digital currency (CBDC), the digital yuan, which is designed to operate under strict government control. This dichotomy highlights China’s desire to innovate within a controlled framework, rather than embracing the decentralized ethos of many cryptocurrencies. In conclusion, China’s directive to brokers to halt stablecoin promotion is a powerful reaffirmation of its long-standing Chinese crypto ban . This move underscores the nation’s unwavering commitment to financial control and its determination to prevent any digital asset from undermining its economic stability. As the digital landscape evolves, China’s approach remains a key factor in shaping global regulatory discussions, reinforcing the impact of the China stablecoin ban . Frequently Asked Questions (FAQs) Q1: What is the new directive from Chinese authorities regarding stablecoins? A1: Chinese authorities have ordered brokers to stop promoting stablecoins to domestic users, reinforcing the nation’s ban on crypto activities. Q2: Why is China cracking down on stablecoin promotion? A2: China aims to maintain financial stability, control capital flows, and prevent digital assets from bypassing its stringent financial regulations, which is part of its broader Chinese crypto ban strategy. Q3: How does this impact crypto users in China? A3: This directive makes it significantly harder for domestic users to access or engage with stablecoins and other digital assets, limiting their participation in the global crypto market China . Q4: What is China’s overall stance on cryptocurrencies? A4: China maintains a strict ban on crypto trading and mining, viewing decentralized cryptocurrencies as a threat to its financial sovereignty. It prefers its own state-controlled digital currency, the digital yuan. Q5: Does this ban affect the digital yuan? A5: No, this ban specifically targets decentralized cryptocurrencies and stablecoins. The digital yuan (CBDC) is a separate, state-controlled digital currency that China is actively promoting. Stay informed on the latest crypto news! Share this article with your network to spread awareness about China’s ongoing digital asset regulations and their impact on the global crypto market. To learn more about the latest explore our article on key developments shaping the crypto market and its digital asset regulations . This post China’s Urgent Stablecoin Ban: Brokers Halt Promotion first appeared on BitcoinWorld and is written by Editorial Team
According to the Financial Times, the world's largest cryptocurrency exchange, Binance, has chosen Spanish bank BBVA as its custody provider. BBVA, Spain's third-largest bank, recently began providing services to Binance as one of its few independent custodians. This move aims to alleviate investor concerns about the exchange's security, particularly following the FTX bankruptcy in 2022. With this partnership, Binance has allowed customers to keep their assets in the bank instead of on an exchange. Binance previously required its customers to store their assets only with Binance or its subsidiary Ceffu. However, Binance's stance changed early last year when it began allowing certain large clients to use alternatives like Switzerland-based Sygnum Bank and FlowBank. Under the partnership, investors' funds will be held at BBVA in the form of US Treasury bonds, which Binance will accept as trading collateral. BBVA continues to expand into the cryptocurrency market to meet growing demand from its retail customers. Last month, the major bank announced the launch of Bitcoin (BTC) and Ethereum (ETH) trading and custody services for Spanish clients directly through the bank's mobile app. Related News: New Bitcoin (BTC) and Ethereum (ETH) Move Comes from the Banking Giant Also Serving in Türkiye! BBVA also stated that it recommends its private banking clients invest up to 7% of their portfolio in crypto assets. *This is not investment advice. Continue Reading: Binance Signs New Partnership with Banking Giant Also Serving in Türkiye!
Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it. IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy. The company is building ivd.xyz, a platform for tokenizing pharmaceutical intellectual property and other healthcare assets, which will run entirely on Ethereum smart contracts. In a statement to CoinDesk, Chief Strategy Officer Gary Deng said Ethereum was chosen as the core asset because it is “the world’s most mature smart contract platform” with “extremely high liquidity” and growing institutional recognition, pointing to the U.S. SEC’s approval of a spot ETH ETF. IVD plans to use ETH for on-chain ownership confirmation, automated revenue distribution, and compliance governance of tokenized assets. It will also serve as the settlement layer for the company’s planned IVDD stablecoin, enabling cross-border transactions within Hong Kong and U.S. compliance frameworks. Revenue from RWA transactions will be automatically converted into ETH and deposited into the treasury. IVD also intends to deploy ETH into staking, re-staking, and on-chain derivatives to boost returns and liquidity while adding downside protection. The move puts IVD alongside a small group of HKEX-listed companies with crypto treasuries, most of which favor bitcoin (BTC). Boyaa Interactive (0434.HK) holds more than 3,100 BTC worth over US$300 million after converting nearly all of its ether to bitcoin. Meitu (1357.HK) bought about 31,000 ETH and 940 BTC in 2021 before exiting those positions. Other smaller bitcoin holders include Yuxing InfoTech (8005.HK) with 78 BTC , Moon Inc. (1723.HK) with 18.88 BTC, and Walnut Capital (0905.HK) with 10 BTC from a shareholder donation. IVD's move was made as part of a broader partnership announcement with HashKey Group , which operates the Hong Kong-licensed HashKey exchange. Read more: SharpLink Raises $200M in Direct Offering to Raise ETH Holdings to $2B
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin is currently
The cryptocurrency market experienced a substantial revival in the past 24 hours, with Bitcoin (BTC) climbing to approximately $117,000. The leading altcoins performed even better: Ethereum (ETH) surged by 5% daily and is inching towards $4,000, Ripple’s XRP pumped by 12% to $3.36, while Stellar (XLM) reached a two-week high of $0.46. The sudden uptick in the market was caused by bullish factors, including Donald Trump’s executive order that aims to allow 401(k) investors access to alternative assets, such as cryptocurrencies, and the official resolution of the Ripple v. SEC case. Somewhat expected, the resurgence has resulted in liquidations for over-leveraged traders. According to CoinGlass, the sum for the last 24 hours equals more than $400 million, with short positions comprising around 80% of the total. ETH trades accounted for $187 million, followed by BTC ($57 million) and XRP ($28 million). The largest single liquidation order occurred on HTX, involved the ETH/USDT trading pair and was valued at $34.28 million. The total number of liquidated traders over the past day stands at 113,178. Liquidations, Source: CoinGlass The post Liquidations Top $400 Million as Ethereum (ETH) Nears $4,000, Bears in Disbelief appeared first on CryptoPotato .
In a significant development for the local crypto sector, the United Arab Emirates has established a unified regulatory framework through an agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). According to local media, this partnership aims to streamline licensing and oversight for Virtual Asset Service Providers (VASPs) across
The Cardano Foundation, together with EMURGO, Rare Network, and Intersect, has unveiled a bold Unified Global Events Marketing Strategy aimed at significantly expanding its ecosystem through coordinated, high-impact event participation. The initiative is currently undergoing governance review, buoyed by escalating community involvement and the ongoing treasury funding vote. Cardano Goes On The Offensive The strategy focuses on leveraging direct, tailored engagement at industry-specific events to drive measurable outcomes. According to the Foundation, enterprise adoption is a top priority, with a target of 15–25% year-over-year growth in enterprise leads and partnerships. “Direct, tailored engagement at industry-specific events is highly effective for building strategic alliances and advancing adoption discussions,” the Foundation stated, underlining the central role events play in fostering high-value relationships. Developer growth is another pillar of the initiative. Cardano is aiming for 10–15% annual growth in new developers engaging with its tools and a 5–10% increase in active contributors. The Foundation argues that in-person events create “unique opportunities for hands-on learning and direct interaction with the Cardano teams for developers and contributors of all experience levels,” offering a more immersive onboarding path than remote engagement alone. In terms of ecosystem expansion, the proposal sets a goal of 10–20% year-over-year growth in new projects and dApps launching on Cardano. The Foundation notes that events “foster networking, inspire discussion and provide the perfect environment for formal and informal knowledge exchanges which can lead to truly fruitful collaborations and new project developments.” Brand visibility is the fourth major KPI, with a target of 15% growth in positive brand mentions across traditional and social media, along with increased direct search activity for Cardano. The Foundation stresses that a unified brand presence across diverse global events is critical for maintaining mindshare in the broader blockchain and enterprise technology sectors. The proposal builds on lessons learned from the Cardano Summit and regional tech events, with the Foundation committing to ongoing metric tracking to adjust tactics in real time. “We will monitor metrics to make informed decisions, adjust tactics, and improve, just like we do for the Cardano Summit and the regional tech events,” the post reads. This proposal has already achieved nearly 80 percent support in its initial governance round and has advanced into its final Treasury Withdrawal vote to secure funding. If approved, the initiative will be deployed across venues including TOKEN2049 Singapore, Consensus 2026, TOKEN2049 Dubai, WebX Asia, and Blockchain Rio—transforming Cardano’s participation into a coordinated, ecosystem‑wide showcase. At press time, ADA traded $0.79.
Tether CEO led petition to restore vandalized Satoshi Nakamoto statue in Lugano
Experts are on the lookout for the best altcoins to buy now, which has now drawn attention to a new DeFi project . With data showing a dip in inflation and the Fed hinting at future rate reduction in September, crypto investors are reconsidering where to deposit their money. While major coins like Solana, XRP, and Litecoin remain stable, a new payment-focused crypto is quietly gaining steam. Its forward-thinking features and growing community are attracting attention in the current market. Solana: Speed vs. Stability in a Volatile Market After a brief dip, Solana price has rallied back above $170 thanks to a renewed push in NFTs and DeFi activity. Institutional interest is rekindling, particularly around Solana-powered stablecoin issuance that avoids Ethereum congestion. Crypto analyst, Ali Martinez, has revealed via X (formerly Twitter), that the most crucial support level for Solana is at $165. Meanwhile, the key resistance levels to watch are $177 and $189. XRP: Legal Wins Fuel Speculative Momentum XRP price has climbed to $3.05 after a recent court ruling favored Ripple, brightening its regulatory outlook. Trading volumes have spiked as optimism around banking use cases grows. Crypto analysts have said that XRP needs to break above $3.12 with volume to target $3.34–$3.58. With this, a close above $3.15 would confirm the bullish momentum . However, if $3.00 fails, key support lies between $2.88–$2.93, backed by technical confluence. Lionhearted Litecoin Inches Forward Litecoin has quietly regained steam, now trading just over $120. Its fast block times and familiarity among miners keep sentiment steady. Experts have also weighed in on Litecoin, saying that after years of consolidating within a long- term falling wedge pattern, LTC is finally approaching a decisive breakout point . Recent trends suggest accumulation and a strength near the resistance leading to prediction that Litecoin could rally toward the $270-$300 range. Why Remittix Could Be the Best Altcoin to Buy Now Remittix is turning heads with a distinctly logical appeal. Unlike meme-focused tokens, it’s built for payments and real-world use. Remittix stands out because it focuses on functionality, not hype. With its new wallet reveal and Q3 launch planning, the platform is clearly headed to solve actual hurdles in cross-border crypto transfers, offering a compelling contrast to the legacy coins. What Sets Remittix Apart: 40% Bonus Live: Time-limited offer before $18 million soft cap Wallet Coming Q3: Mobile-first design with real-time FX Security First: Audited by CertiK Built for borderless payments with global reach Real-World Utility: Designed for actual crypto use—not just for trades Remittix offers significant advantages over Ethereum’s congestion, XRP’s regulatory uncertainty, Litecoin’s lack of innovation, and Solana’s instability. It’s rapidly being positioned among the best DeFi projects 2025, attracting those looking for low gas fee crypto, crypto with passive income potential, and real functionality. Act Now on Substance, Not Just Hype If you’re looking for the next big altcoin 2025 or the best altcoin to buy now, Remittix’s combination of tech, timing, and purpose makes it stand out. With the $250,000 giveaway live, interest is tangible—and so is the upside. While Solana, XRP, and Litecoin each offer their own merits, none match Remittix’s blend of innovation and usability. Ready to back a project that’s building the future of payments, not just price charts? Buy RTX token now — before the greater crypto world wakes up. Discover the future of PayFi with Remittix by checking out their project here : Website : https://remittix.io/ Socials : https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway