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Peter Zhang Dec 29, 2025 04:35 The Hong Kong Monetary Authority (HKMA) expands its RMB Business Facility, increasing the quota to RMB100 billion and adding 40 participating banks in Phase 2. The Hong Kong Monetary Authority (HKMA) has announced a significant expansion in its Renminbi (RMB) Business Facility, as reported on December 29, 2025. The total quota allocated for participating banks has been increased to RMB100 billion, doubling from the previous RMB50 billion, and the list of participating banks has expanded to 40 institutions. Expansion Details Commencing from December 1, 2025, Phase 2 of the RMB Business Facility allows participating…

Bitcoin BTC$90,156.77 rose on Monday as dampened hopes of a Russia-Ukraine peace deal pushed oil prices higher.BTC, the leading cryptocurrency by market value, jumped over 2% to trade above $90,000, bringing cheer to the broader market. Major alternative cryptocurrencies such as ether ETH$3,041.01, XRP$1.9154 and solana SOL$128.75 gained 3% or more, according to data source CoinDesk.In traditional markets, prices for the West Texas Intermediate (WTI) crude increased by 1% to $57.24 per barrel. Brent crude rose 0.80% to $60.81 per barrel. Asian stocks traded tentatively as year-end holidays kept volumes and market liquidity thin. South Korea’s KOSPI index was an…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum treasury firm Bitmine has started staking its Ether tokens, depositing roughly $451 million worth of ETH into Ethereum’s proof-of-stake (PoS) system on Saturday, December 27. This appears to be a fresh strategy from the digital asset treasury (DAT) firm, which has managed to stay relevant in a nascent, uncertain sector of the cryptocurrency industry. How Much Would BitMine Make From Ethereum Staking? In the early hours of Saturday, December 27, on-chain analyst EmberCN revealed that BitMine has finally started attempting to stake its Ether holdings to…

Bitcoin miners produced block 929,699 on Dec. 27. What if that was the signal for a New Year’s moment, rather than our traditional calendar?The pitch is that block height, the ordered count of blocks every full node can verify, can act as a calendar layer for a market that trades and settles across jurisdictions.For argument’s sake, we’ll use Bitcoin Block Explorer and the last observed chain tip in this snapshot at height 929,699, timestamped Sat, 27 Dec 2025 09:47:19 UTC, with a mempool around 5,324 transactions at the time of the page’s update.The same source listed difficulty near 148.26T.According to…

A proposed 5% tax on billionaires’ wealth in California has drawn a strong response from crypto executives, who argue it would trigger an exodus of entrepreneurs and capital flight, and would be wasted anyway.The ballot initiative, known as the 2026 Billionaire Tax Act, proposes a 5% tax on net wealth above $1 billion to help fund the health care system and state assistance programs, according to the SEIU United Healthcare Workers West union.As the proposed wealth tax is partly assessed against unrealized gains, some billionaires may need to sell stock or parts of their businesses to raise funds to pay…

Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance.“[Bitcoin] provides a check and balance on the dollar in the sense of if there’s too much deficit spending or inflation in the US, people will flee to Bitcoin in times of uncertainty,” Armstrong argued in an interview on Tetragrammation with Rick Rubin on Thursday.“It might be okay to have 2-3% inflation if the economy is growing at 2-3% but if inflation outstrips the growth of the economy, you’ll eventually lose…

A widening gap between VC pricing and public market caps signals a reset after narrative-driven optimism cooled. Crypto venture capital firms poured billions into early-stage tokens during 2025’s risk-on rebound, but many of those bets are now trading far below their headline fundraising values. The growing gap between private funding numbers and public market caps highlights a market reset after narrative-driven optimism cooled. Data recently shared by CryptoRank shows dozens of well-funded projects losing hundreds of millions, and in some cases nearly all, of their implied value once tokens reached open markets, raising fresh questions about pricing discipline during bull…

The Fermi hard fork will cut block times to 250ms, enabling faster DeFi and real-time apps. It will also introduce extended voting and partial indexing, leading to stability and lighter nodes. The experimental BAL showed ~18.6% execution gains in local tests. BNB Smart Chain is preparing for a major protocol upgrade early next year. The network’s upcoming Fermi hard fork, scheduled for mainnet activation in January 2026, signals a renewed push toward faster block times, higher throughput, and infrastructure designed for time-sensitive applications. Notably, the upgrade follows months of testing and reflects broader efforts across the blockchain sector to close…

The complaint alleges seven entities misused AI buzzwords and crypto promises to defraud US retail investors of $14 million. The US Securities and Exchange Commission (SEC) has charged three entities that claimed to operate crypto asset trading platforms, along with four so-called investment clubs, for allegedly running a large-scale fraud that targeted retail investors through social media. According to the SEC, Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc., together with AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation Ltd., and Zenith Asset Tech Foundation, misappropriated more than $14 million from mostly US-based investors. The…

USX suffered one of 2025’s sharpest stablecoin depegs, plunging to $0.10 before market makers restored liquidity. The USX stablecoin on Solana lost its dollar peg on December 26, collapsing to just $0.10 on secondary markets. This sudden drop, caused by a severe lack of liquidity, marks one of the most extreme depegs for a major stablecoin this year. Market Strain and Rapid Response According to blockchain security firm PeckShield, which raised an alert about the event, the depeg was a direct result of a liquidity drain on trading platforms. The stablecoin’s developer, Solstice, responded quickly. In a statement posted on…