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Blockchain

Financial Secretary Paul Chan speaks at the Hong Kong Web3 Festival on April 7, touting the city’s commitment to the blockchain industry amid recent turmoil. Photo: Handout
Digital currencies

Hong Kong remains upbeat on Web3 amid crypto market turmoil from US tariffs

Officials again touted the strength of the local Web3 industry, while Binance founder CZ avoided the event despite recent activity in the city.

Cryptocurrency

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Blockchain

Hong Kong lawmaker calls for support of Web3 sector as Tron founder flags fraud

Artificial intelligence

Hong Kong crypto firm HashKey jumps on AI bandwagon, joining Web3 players

HashKey’s first AI product is designed for content moderation, but it envisions a future of AI agents trading on blockchain on behalf of users.

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Hong Kong-based cryptocurrency exchange operator HashKey is joining the artificial intelligence race with a product designed for content moderation. Photo: Shutterstock
Hong Kong-based cryptocurrency exchange operator HashKey is joining the artificial intelligence race with a product designed for content moderation. Photo: Shutterstock
Cryptocurrency

Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs

For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.

Cryptocurrency

US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse

Nearly every major firm linked to cryptocurrencies were hammered this quarter, as concerns about the US economy weighed on digital assets.

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Banking & finance

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Bosera HKD Money Market ETF and USD Money Market ETF, which have been approved by the SFC, are set to launch in April.

Tokenised money market ETFs are one of the use cases in the HKMA’s Project Ensemble sandbox. Photo: Shutterstock
Tokenised money market ETFs are one of the use cases in the HKMA’s Project Ensemble sandbox. Photo: Shutterstock
Cybersecurity

Baidu doxxing: firm stresses user privacy after executive’s kid leaks data

The cloud storage provider has sought to restore public trust after a public outcry from a doxxing incident involving the child of a vice-president.

Semiconductors

Huawei-related chip equipment maker to debut products at Shanghai trade show

SiCarrier, a chip tool maker backed by the Shenzhen government, will launch new products at the three-day Semicon China exhibition.

Cryptocurrency

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

Released in December 2013, the Dogecoin is considered the world’s first memecoin. Photo: Shutterstock
US-China relations

‘A geopolitical move’: Trump’s big bet on crypto raises questions for China

China has kept unregulated digital currencies at arm’s length, but the US is going all-in on crypto. Will this big bet give the US dollar new life?

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Illustration: Pearl Law
Illustration: Pearl Law
Cryptocurrency

Bitcoin, ether stagger as US stock sell-off weighs on cryptocurrencies

The initial declines on Tuesday came after a sell-off in US equities, led by technology stocks, picked up steam.

Blockchain

Ethereum co-founder Gavin Wood says Web3 is on track as finance firms move in

Wood’s newer project Polkadot is focused on scaling decentralised applications, with many developers coming from China.

Digital currencies

Hong Kong’s dollar peg seen as advantage amid stablecoin growth

Stablecoin transactions are now a fifth of all cryptocurrency transactions, and they make it easier to transact in US dollar-backed assets.

As Hong Kong courts cryptocurrency business to the city, the local currency’s peg to the US dollar could be a standout advantage where stablecoins are concerned. Photo: Shutterstock
Digital currencies

Trump wants the US to be the world’s crypto capital. Will China take notice?

The global impact of Trump’s cryptocurrency reserve and a White House summit on the asset will be watched, analysts say.

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US President Donald Trump has announced the creation of a strategic cryptocurrency reserve, fuelling speculation over what effect the move will have on global markets. Photo: Antony Dickson
US President Donald Trump has announced the creation of a strategic cryptocurrency reserve, fuelling speculation over what effect the move will have on global markets. Photo: Antony Dickson
Cryptocurrency

Bitcoin value dives as uncertainty grips global cryptocurrency market

Weighing on cryptocurrency prices was the Trump administration’s imposition of 25 per cent tariffs against Canada and Mexico.

Blockchain

Bitcoin up after Trump names cryptocurrencies in strategic reserve

The world’s largest cryptocurrency is up by more than 20 per cent from the November lows.

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Blockchain

Hong Kong launches first retail tokenised money market fund in Web3 push

ChinaAMC’s Hong Kong dollar-denominated fund launched on the cryptocurrency exchange OSL and securities brokerage Solomon on Friday.

ChinaAMC is offering the first tokenised money market fund to retail investors in Hong Kong. Photo: Shutterstock
ChinaAMC is offering the first tokenised money market fund to retail investors in Hong Kong. Photo: Shutterstock
Digital currencies

US securities regulator files to dismiss Coinbase lawsuit

A court has separately paused the SEC’s lawsuit against Binance after a joint request, citing implications of the agency’s new crypto task force.

DeepSeek

Research over riches: DeepSeek stays focused on AGI breakthroughs

DeepSeek is in no rush to conduct further fundraising or engage in new commercial activities, according to a source, instead focusing on achieving AGI.

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Blockchain

Bitcoin slides below US$90,000 as cryptocurrency sell-off hastens

Tumbling crypto prices mirror a broader retreat from risky assets, while sentiment has also soured following a hack targeting exchange Bybit.

Bitcoin has retreated from a peak following the election of Donald Trump as US president. Photo: dpa
Artificial intelligence

AI’s new frontier: PolyU scientist sees domain-specific models as the future

Former Alibaba scientist Yang Hongxia is at the forefront of an effort to evolve AI beyond DeepSeek’s breakthroughs.

Specialised AI models that excel in fields such as biomedicine could be the next big thing in the industry. Photo: Shutterstock
Specialised AI models that excel in fields such as biomedicine could be the next big thing in the industry. Photo: Shutterstock
Digital currencies

Crypto exchange Bybit, hit by largest crypto theft ever, stokes sell-off

After exchange operator loses ether from a cold wallet in a North Korea-linked attack, bitcoin and ether fall as industry enthusiasm wanes.

Digital currencies

OKX crypto exchange operator enters US$505 million guilty plea, US says

Prosecutors said that from 2018 through early 2024, OKX was used to facilitate more than US$5 billion in suspicious transactions and criminal proceeds.

Blockchain

Consensus Hong Kong: regulators seek ‘global liquidity’ in crypto amid Web3 push

The SFC licensed its first international crypto exchange on Tuesday as it courts global business at major Web3 conference.

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Physical representations of bitcoin seen at Consensus Hong Kong, organised by CoinDesk, at the Convention and Exhibition Centre on Wednesday. Photo: AFP
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