Crypto News
Illegal Bitcoin Mining on the Rise in Tajikistan and Kazakhstan
Illicit crypto mining outfits stealing electricity are becoming a growing problem for countries in Central Asia.Source link
Hong Kong Monetary Authority Reports Decline in Credit Card Receivables for Q2 2025
The Hong Kong Monetary Authority (HKMA) reports a 2.5% decrease in credit card receivables for Q2 2025, signaling a shift in consumer credit behavior. (Read More)Source link
Circle to Offer 10 Million Class A Shares at $130 Each
Circle (CRCL) plans to offer 10 million shares in a secondary stock sale priced at $130 per share, more than four times to price of its initial public offering in June.The stablecoin issuer behind the USDC token is itself offering 2 million shares of Class A common stock, it said in a Tuesday filing with the U.S. Securities and Exchange Commission (SEC). Existing shareholders putting up the other 8 million. The company will use the proceeds from the sale of its shares for general corporate purposes. It won't receive any proceeds from the shareholders' sale.The shares debuted on the New York Stock Exchange in early June after being priced at $31. They soared on trading, rising as much as 235%...
Hong Kong to Hold Tender for 3-Year RMB Government Bonds Amid Infrastructure Push
The Hong Kong Monetary Authority announces the re-opening tender for 3-year RMB HKSAR Institutional Government Bonds, aiming to support infrastructure projects with an additional RMB1.25 billion offering. (Read More)Source link
BPI Argues That GENIUS Act Stablecoin Yield Loopholes Jeopardize the Banking Sector
The BPI explains that as crypto companies circumvent the GENIUS Act guardrails, the difference in yield between ordinary banking products and stablecoins could lead to deposits migrating to the latter, putting the credit creation system at risk of failure and potentially spreading throughout the U.S. economy. Bank Policy Institute Calls for Plugging Genius Act StablecoinSource link