HashKey Holdings Limited, operator of Hong Kong’s leading licensed cryptocurrency platform, has passed the Hong Kong Stock Exchange listing committee hearing—a key review that decides the fate of IPO applications.
China’s central bank and a dozen other agencies have pledged to refresh the nationwide suppression of cryptocurrency.
CoinShares has withdrawn applications for US spot XRP, Solana, and Litecoin ETFs and is winding down its Bitcoin Futures Leveraged ETF.
The crypto market entered a period of markedly lower activity in November, with combined exchange volumes retreating to levels last seen in June.
Data shows outflows dominated most of the month before a late influx. While Bitcoin and Ethereum funds saw major outflows, newer altcoin ETFs gathered inflows.
In a sobering reminder of the crypto industry’s security risks, South Korea’s largest exchange, Upbit, has been hacked for $37 million.
The World Federation of Exchanges has urged the regulator not to grant special exemptions that would let crypto companies sell tokenized stocks without being registered broker-dealers.
