Company Overview - HashKey Holdings operates Hong Kong's largest licensed cryptocurrency exchange and recently debuted on the stock market under the code 3887, with initial trading at HK$6.70, slightly above the offer price of HK$6.68 [1] - The company raised HK$1.6 billion (US$206 million) in Hong Kong's first crypto-native initial public offering (IPO) [2] - Founded in 2018, HashKey provides services including crypto transaction facilitation, on-chain services, asset management, and tokenization [4] Market Context - The trading debut occurred amid a downturn in both equity and digital asset markets, with Bitcoin experiencing a deeper bear market due to uncertain interest-rate trajectories and profit-taking after record highs [4] - The broader Hong Kong stock market fell to its lowest level in three weeks, driven by concerns over China's economic growth and the US Federal Reserve's interest-rate policies [5] Industry Outlook - Despite short-term volatility in cryptocurrencies, there is optimism regarding the digital asset industry's future, bolstered by new legislation and clearer compliance standards [6] - The chairman and CEO of HashKey expressed confidence that a compliant approach will lead to greater longevity and sustainable growth for companies in the industry [4]

By Kane Wu, Scott Murdoch and Donny Kwok HONG KONG, Dec 17 (Reuters) - Cryptocurrency exchange HashKey Holdings Ltd made a flat debut in Hong Kong on Wednesday amid recent weakness in digital assets, but its management ​said it remains confident about the sector's long-term prospects. HashKey shares closed at HK$6.67, down 0.15% from the offer ‌price of HK$6.68. The stock rose as much as 6.6% to HK$7.12 before sliding 8.4% to an intraday low of HK$6.12. That compared with a ‌0.9% gain in the benchmark Ha ...

The White House has launched the U.S. Tech Force to recruit around 1,000 engineers to build next-gen government technology. The Tech Force will address a range of administrative challenges at different government organs, and private sector giants, including popular crypto companies like Coinbase (Nasdaq: COIN) and Robinhood Markets (Nasdaq: HOOD), have decided to participate in the program. Related: Trump considers another controversial crypto pardon Founded in 2012, Coinbase is the largest crypto tradi ...

The money has to come from somewhere. And when it comes to prediction markets, that could be an issue for Coinbase relative to competitors, according to a survey detailed in a Tuesday note from Mizuho Securities. After fielding responses from more than 230 Coinbase and Robinhood users, analysts at the investment banking firm found that 50% of the retail brokerage’s customers plan to fund prediction market wagers with fresh cash, compared to 37% at the crypto exchange. Although 37% of surveyed users indicat ...

Key Takeaways: Coinbase has teased a major announcement scheduled for Dec. 17, with few details disclosed so far. Market speculation points to a possible entry into prediction markets, potentially in partnership with Kalshi. Coinbase’s access to US users could give it an edge in a sector that has struggled with liquidity. Recent backlash around the Monad token launch has made parts of the community more skeptical. Polymarket still leads the prediction markets space, but a Coinbase entry could resh ...

Core Insights - Coinbase has expanded its derivatives offerings by introducing eleven altcoins to its perpetual-style futures, following the earlier launch of Bitcoin and Ether products [1][3][4] Group 1: Expansion of Derivatives - The introduction of perpetual-style futures for altcoins marks a significant step in the normalization of regulated crypto derivatives in the U.S. market [2][7] - The new contracts are designed to replicate perpetual exposure while complying with U.S. derivatives regulations, differentiating them from traditional perpetual contracts [3][7] Group 2: Supported Altcoins - The eleven new altcoins added to Coinbase's perpetual-style derivatives include Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Sui (SUI), and Stellar (XLM) [4][5][6] - The selection focuses on large-cap, liquid tokens with established trading histories, alongside newer projects and popular memecoins [6] Group 3: Market Implications - Coinbase's perpetual-style futures are accessible to both retail and institutional traders in the U.S., highlighting a shift towards regulated trading environments [2][7] - These futures are listed on Coinbase Derivatives and require access through registered Futures Commission Merchants (FCMs) [7]

Company Overview - HashKey Holdings is Hong Kong's largest licensed crypto exchange, founded in 2018, offering services such as asset management, brokerage, and tokenization [2] - The company is set to raise approximately HK$1.6 billion (around $206 million) through its initial public offering (IPO) [1] IPO Details - HashKey's IPO was launched with an offering of 240.6 million shares, priced between HK$5.95 and HK$6.95 each, with the final pricing set at HK$6.68 per share [1][2] - Trading on the Hong Kong Stock Exchange is scheduled to commence on December 17 [2] - Notable cornerstone investors in the IPO include UBS, Fidelity, and Chinese investment firm CDH [2] Market Context - The IPO occurs amid significant volatility in the cryptocurrency market, with Bitcoin experiencing a 36% decline after reaching an all-time high of over $126,000 in early October [3] - The People's Bank of China has reiterated its strict stance against cryptocurrency trading, while Hong Kong is positioning itself as a favorable environment for digital assets [4]

Core Insights - HumidiFi's token WET experienced a significant price surge following its listings on South Korea's leading exchanges, Upbit and Bithumb, indicating strong market interest and potential for growth [1][6]. Group 1: Listing Details - WET will be available for trading against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT) on Upbit, with trading set to begin at 18:30 KST on December 15 [2]. - Bithumb will also list WET on its KRW market, setting the reference price at 282 won, with trading restrictions in place at launch [4]. - Both exchanges will implement temporary trading restrictions during the initial launch period, including limitations on buy orders and the types of orders allowed [3][4]. Group 2: Market Reaction - Following Upbit's announcement, WET's price surged from $0.181 to $0.279, marking a 54.2% increase, while the price settled at $0.26 after Bithumb's listing, maintaining a nearly 45% gain [6][7]. - The rapid price increase aligns with historical patterns where tokens listed on exchanges experience significant short-term gains [6]. Group 3: Early Market Activity - The listings occurred shortly after WET's entry into the crypto market, with major exchanges like Coinbase, OKX, and Bybit also listing the token, reflecting strong early interest [7]. - However, WET's initial sale faced challenges, as a single actor reportedly acquired approximately 70% of the total supply using over 1,000 wallets, leading to the sale being voided and a relaunch with a new token [8].

在 BeinCrypto 2025 年的评选过程中，评审团主要基于技术稳定性、资产透明度、市场深度、用户体验 和行业贡献等维度对全球平台进行综合评估。Bitget 在上述关键指标上的整体表现得到了评审团的认 可。这两项荣誉体现了行业对 Bitget 在 品牌影响力、产品创新、安全标准、用户体验以及市场增长等 核心价值维度的高度肯定。 BeinCrypto 近日公布了 2025 年度行业评选结果，Bitget 在本次评选中获得了「年度最佳品牌 Best Brand of the Year 」与「最佳中心化交易所 Best Centralized Exchange 」两项奖项。 ...

A Media Snippet accompanying this announcement is available by clicking on this link. VILNIUS, Lithuania, Dec. 14, 2025 (GLOBE NEWSWIRE) -- BTCC, the world's longest-serving cryptocurrency exchange, has been named Best Centralized Exchange in the Community Choice category at The BeInCrypto 100 Awards 2025. The award was announced during a live virtual ceremony on December 10, 2025. The BeInCrypto 100 Awards is an annual event celebrating the leaders, products and initiatives shaping the future of Web3, org ...