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The post Hong Kong bets on RMB trading amid Crypto ETFs demand surge appeared on BitcoinEthereumNews.com. An amendment to Hong Kong’s Stamp Duty bill could mean that dual-counter securities traded in yuan are subject to stamp duty directly in renminbi. This is also another effort aimed at boosting RMB offshore liquidity and strengthening the city’s position as the region’s hub for digital asset and ETF trading. The proposed Stamp Duty (Amendment) (No. 2) Bill 2026 is distinct from the Residential Property Stamp Duty amendment legislation that was passed by the Legislative Council on May 20. This earlier legislation, enacted in the government’s 2026-27 Budget announcement, raised stamp duty for high-end residential sales above HK$100 million to 6.5% from 4.25%. This new securities-focused bill is slated to have its first reading at the Legislative Council on June 10. Hong Kong pushes RMB trading growth Hong Kong’s dual-counter trading system allows some selected securities listed on HK
Read full articleCrypto exchange-traded fund (ETF) investors remained defensive on Wednesday, May 27, with bitcoin and ether funds extending their losing streaks. HYPE and Solana products drew modest fresh capital, but the broader tone stayed firmly negative. Bitcoin ETFs Extend Losing Streak to Eight Days as Blackrock Loses $528M The selling pressure in crypto ETFs is no […]
Insider Brief Hong Kong-listed Mint Incorporation is forming a joint venture with Rice Robotics to develop AI companion robots for the consumer market. The first batch of consumer-ready robots is expected to launch initially in Asian markets in the third quarter of 2026, according to Mint. In the deal, Mint’s subsidiary Aspiration X will invest […]
Sequans' exit from Bitcoin holdings refocuses its resources on IoT growth, potentially enhancing its market position and financial stability. The post IoT company Sequans to sell remaining 658 Bitcoin as it exits digital asset treasury appeared first on Crypto Briefing.
Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading: Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price of approximately 439,250 won — a valuation implying Dunamu’s total corporate worth at approximately 15.3 trillion won, or roughly $11.1 billion, per Wu Blockchain and Korea Times. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%, with the transaction scheduled to close June 19, per Korea Times. Three Affili
Hong Kong's gold-clearing system could reshape global bullion trading, enhancing regional financial integration and boosting digital asset credibility. The post Hong Kong launches gold-clearing system to become Asia’s top bullion hub appeared first on Crypto Briefing.
Hong Kong's gold-clearing system could shift global bullion trading power, reducing reliance on Western benchmarks and boosting regional influence. The post Hong Kong to launch gold-clearing system, aiming for bullion hub status appeared first on Crypto Briefing.
Political efforts tied to the crypto industry scored another set of wins in Texas, strengthening the case that the sector’s influence in US politics remains strong under a more pro-digital asset administration. According to reporting from Eleanor Terret of Crypto In America, the crypto industry went 6-for-6 backing winning candidates in the Texas primary runoffs held Tuesday night. Anti-Crypto Hits At The Ballot Box One of the biggest results came from the Democratic primary runoff in Texas’s 18th Congressional District. In that race, Terret reported that Rep. Christian Menefee defeated 20-year incumbent Rep. Al Green. Fairshake, the industry’s leading super political action committee (PAC), took credit for the win after spending roughly $6.5 million on the race, largely through advertisements supporting Menefee. Related Reading: Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen First A Fairshake spokesman, Geoff Vetter, argued that Green’s loss showed how anti-c
The payments giant can now legally conduct digital asset business activity in New York as it deepens its focus on blockchain-based settlement systems.
