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Hong Kong will initially grant ‘very few’ stablecoin licenses starting in March

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Hong Kong’s financial watchdog will issue a first batch of “very few” stablecoin issuer licenses in March, according to Reuters. Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA), said he expects to issue the first batch of stablecoin issuer licenses in March while addressing a meeting of Hong Kong’s Legislative Council on […]

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Here’s why ETH’s ‘brutal stumble’ looks like the start of the last bull run: Asia Morning Briefing

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Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Diary Americas. Entering the “Year of the Horse”, crypto markets look less

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Crypto bear market nears end with $60K as key bottom for bitcoin (BTC), Compass Point analysts say

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The crypto market may be nearing the bottom of its current slump, but analysts at Compass Point say it will take a broader risk-off event to pressure bitcoin BTC$77,528.46 significantly lower. “While near-term risk remains skewed to the downside, we believe we are approaching the final innings of the crypto bear market,” analysts Ed Engel

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Family offices shun crypto despite hype, with 89% holding no digital assets: JPMorgan Private Bank

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The vast majority of global family offices do not have cryptocurrency in their portfolios, according to JPMorgan Private Bank’s 2026 Global Family Office Report. Despite the widespread sense of geopolitical risks highlighted in the bank’s wealth report, appetite for traditional and new hedging remains limited: 72% of global family offices have no gold exposure and

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CZ Pushes Back Against Binance ‘FUD’ As Blame For Crypto Crash Continues

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Binance co-founder Changpeng “CZ” Zhao took to social media on Monday to counter a series of claims he called “pretty fanciful FUD” targeting himself and his former exchange as the main culprit of the dismal crypto price action. FUD – short for “fear, uncertainty and doubt” – is a term widely used in crypto to

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Elon Musk’s SpaceX acquires Elon Musk’s xAI, with a combined IPO valuation seen at $1.25 trillion

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SpaceX, the rocket company founded by Elon Musk, has acquired xAI, the artificial intelligence company founded by Elon Musk. “Current advances in artificial intelligence rely on large ground-based data centers that require massive amounts of power and cooling,” wrote Elon Musk announcing the merger. “Global AI electricity demand simply cannot be met with terrestrial solutions,

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White House crypto meeting dug into stablecoin dividend debate on market structure bill

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A White House meeting aimed at thawing the crypto market structure bill broke into the controversial topic of stablecoin dividends, although participants representing US banking interests offered no new compromises, according to people familiar with the talks. As the legislation still struggles to make progress in the U.S. Senate, the White House is calling for

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Russia’s cryptomining pioneer Igor Runets placed under house arrest on tax charges

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Igor Runets, who founded Russia’s largest crypto mining company BitRiver, is under house arrest on tax evasion charges, Bloomberg reported Monday. Runets was detained on Friday and faces three charges of allegedly hiding assets to evade taxes. Runets’ legal team now has a small window to appeal the house arrest before it is carried out

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