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The world’s first Solana spot exchange-traded fund (ETF) has been approved in Hong Kong, ahead of the US or any other major crypto hub. After Bitcoin (BTC) and Ethereum (ETH), Solana (SOL) becomes third to receive such regulatory approval for a spot ETF in Hong Kong. The Securities and Futures Commission’s newly approved ChinaAMC (the leading local asset manager) Solana ETF will begin trading within a week, on 27 October 2025. Additionally, it will be available under three currency options: Hong Kong Dollar (HKD 3,460), Chinese Yuan (RMB 8,346), and US Dollar (USD 9,460). And each trading unit will comprise…

The first wave of crypto ETFs allowed investors to onboard crypto assets into traditional brokerage accounts – and tax-advantaged retirement accounts. Given the long-term return potential of cryptocurrencies, that’s a win-win.But cryptos are still volatile. Last week’s $19 billion leveraged wipeout in bitcoin surpassed the wipeout at the Covid bottom in March 2020. And the FTX collapse in late 2022. Crypto ETFs Might Not Hold Good Income PotentialInvestors in traditional assets like the upside potential of crypto. But the downside volatility is a bit much to stomach. They want products that take some of the extreme swings out of it, even if…

When I worked at the Federal Reserve, we used to joke that our job was to protect the status quo. The Fed’s mandate has long included financial stability, certainly not financial disruption. But Fed Governor Chris Waller’s speech calling on Fed staff to research the creation of a new “payments account” for nonbank payment providers at this week’s Fed Payments Innovation Conference marks the first serious challenge to the assumption that only banks get to move money in America and who is allowed access to the Fed’s balance sheet.When I wrote in 2023 that “stablecoins are the battleground for the…

[Major Industry News] As market rumors spread about Ripple’s $1 billion acquisition of GTreasury, BlackchainMining, a UK-registered green cloud mining platform, announced the launch of a global incentive program. This program offers a reward pool of up to $77.77 million to XRP holders and new users, ushering in a new era of digital asset appreciation!Say goodbye to the dilemma of holding coins: the moment of wealth awakening for XRP holdersUnlike Bitcoin, XRP is fully distributed from its inception, requiring no traditional mining. This puts many long-term holders in a dilemma: continue to wait for appreciation, or choose the right time…

APIA, Samoa, Oct. 22, 2025 /PRNewswire/ — Phemex, the most efficient crypto exchange, today launched an upgraded Rewards Hub with up to $15,000 USDT in total rewards, mystery box system, and missions for new and experienced traders. The upgraded Rewards Hub replaces fixed prizes with mystery boxes containing cash, BTC airdrops, trading fee vouchers, and futures bonus coupons.Updated Rewards Hub includes:Newcomer Welcome Gifts — Up to 5,000 USDT for KYC verification, first deposit, and first trade$10,000 Trading Challenge — 5,000 USDT in Futures rewards plus 5,000 USDT in Spot rewardsEarn Incentives — 7% interest boost coupons for new users completing staking…

Reflecting its evolution into a global builder of next-generation data center infrastructure powering Bitcoin and, in the future, AI computationTRENTO, Italy, Oct. 22, 2025 /PRNewswire/ — Alps Blockchain, a European leader in digital infrastructure and Bitcoin mining, today announced its forthcoming corporate rebranding to Alps, marking a new chapter in its growth as a fully integrated infrastructure company.The rebranding underscores Alps’ transformation from a pioneering Bitcoin mining operator into a vertically integrated builder and manager of advanced data centers, capable of converting energy into digital computation – from Bitcoin mining with ASIC systems to, in the future, high-performance computing (HPC) for…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A post shared by Chad Steingraber on X claims that Walmart’s financial technology arm, OnePay, is preparing to add RLUSD payments on the XRP Ledger, through a partnership with ZeroHash, a licensed digital asset company based in Chicago that provides crypto infrastructure for payment platforms. The plan connects Walmart’s growing payment system with the XRP Ledger, where stablecoin Ripple USD (RLUSD) is now supported. The partnership points to Walmart’s growing link with Ripple as part of its future in digital finance and could help OnePay bring blockchain…

The $11 billion Bitcoin whale is back with another massive short position, signaling that some large investors are hedging for more crypto market downside amid the tariff concerns and ongoing government shutdown.The Bitcoin whale, which is crypto slang for a large investor, returned with a $235 million 10-times leveraged short position on Bitcoin (BTC), which is a de facto bet on the price decline of the world’s first cryptocurrency.The large investor opened the short position on Monday, when Bitcoin was trading at $111,190. He currently faces a $2.6 million unrealized loss on the short bet, which stands to be liquidated…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is once again under pressure as the market navigates a volatile and uncertain phase. After briefly reclaiming the $111K level, the world’s largest cryptocurrency is struggling to maintain $110K as a stable support zone. Sellers are regaining control, and bearish traders are calling for a deeper retrace toward lower range levels — possibly below the six-figure mark. Adding to the cautious tone, fresh data from CryptoQuant reveals a concerning on-chain development: old Bitcoin coins are waking up. This metric, which tracks previously dormant BTC moving on-chain,…

Galaxy Digital reported strong third-quarter earnings results, driven primarily by higher trading activity and continued expansion in asset management, signaling steady institutional interest in crypto-focused financial services.The company reported net income of $505 million for the quarter ending Sept. 30, with adjusted earnings of $629 million, boosted by record results in its digital asset operations and investment gains. Galaxy closed the quarter with $3.2 billion in equity, including $1.9 billion in cash and stablecoins.Galaxy’s Q3 2025 results. Source: GalaxyTrading volumes jumped 140% from the previous quarter, fueled by increased spot and derivatives volumes. The quarter included the execution of a…