Binance listing. Photo by BeInCrypto Binance has launched a whistleblower reward of up to $5 million as part of a sweeping crackdown on fraudulent third-party “listing agents.” The exchange warns crypto projects that any individual claiming to influence listings on the exchange is operating illegally. Binance Offers $5 Million Whistleblower Reward as It Cracks Down on Fake Listing Agents The announcement, published Wednesday in a transparency update, comes at a sensitive moment for the world’s largest c ...

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 ...

Group 1 - The White House has initiated the U.S. Tech Force to recruit approximately 1,000 engineers for developing next-generation government technology [1] - The Tech Force aims to tackle various administrative challenges across different government departments, with participation from major private sector companies, including Coinbase and Robinhood Markets [1][2] - Other notable companies involved in the Tech Force include Adobe, Amazon Web Services, Apple, Google Public Sector, Microsoft, and Nvidia, among others [3][4] Group 2 - Private sector companies will provide technical training resources, mentorship programs, and nominate employees to work for the U.S. government, with a commitment to consider program alumni for future employment [5] - Participants in the Tech Force can expect annual compensation ranging from $150,000 to $200,000, along with benefits such as health insurance and retirement plans [6] - The roles within the Tech Force are non-political appointments, with participants hired as federal employees based on technical qualifications [7]

Group 1 - Coinbase faces challenges in prediction markets compared to Robinhood, with 50% of Robinhood users planning to fund bets with new cash versus 37% for Coinbase [1] - Analysts express concerns about potential cannibalization of crypto sales impacting Coinbase's sales from prediction markets, leading to a price target reduction from $320 to $280 [2] - Coinbase is expected to launch new products that may enhance its competitiveness against Robinhood, which has already entered the prediction market space [3] Group 2 - Mizuho analysts note that Robinhood and Coinbase users are significantly more likely to engage with prediction markets compared to non-users, indicating a strong overlap in user demographics [5] - The recent decline in Bitcoin prices, from an all-time high of over $126,000 to $87,690, has influenced market trends and expectations for Coinbase [4]

Core Insights - Coinbase is expected to make a significant announcement on December 17, which has generated speculation about its potential entry into prediction markets [2][7] - The company has a competitive advantage as it can operate directly with US users, unlike many other platforms facing regulatory challenges [2] - If Coinbase launches its own prediction markets platform, it will directly compete with Binance and Polymarket, potentially increasing liquidity in the sector [3][7] Company Positioning - Coinbase controls its own Layer 2 network, Base, which has been profitable but recently overtaken by Binance's opBNB in several metrics [4] - The company aims to expand beyond its role as a simple exchange, indicating ambitions for broader market participation [4] Market Dynamics - The prediction markets sector has struggled with liquidity, but increased access for US users could enhance market depth [3][7] - Recent events, such as the Monad token launch, have led to skepticism within the community, as a significant portion of the token supply went to insiders and the token's value dropped significantly post-launch [5][6][7]

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。 ...