The Hong Kong Monetary Authority unveils an ambitious roadmap to expand real-world asset tokenization, integrate stablecoins, and advance blockchain-based financial innovation. In a bold step toward digital finance transformation, the Hong Kong Monetary Authority (HKMA) has positioned tokenization as a central pillar of its new Fintech 2030 strategy. Announced during Hong Kong Fintech Week, the plan sets out a vision to strengthen the city’s status as a global fintech leader by embracing blockchain innovation, digital assets, and artificial intelligence (AI). The HKMA said its five-year roadmap will focus on four strategic pillars — Data, Artificial Intelligence, Resilience, and Tokenization (DART)…
Author: Blockto Team
Decentralized exchanges reach new highs as traders seek liquidity, transparency, and yield opportunities amid sharp crypto market corrections. Decentralized exchange (DEX) trading volume soared to an all-time high of $613.3 billion in October, marking a surge from nearly $500 billion in September, according to data from DefiLlama. The increase comes as crypto traders repositioned their funds amid heightened volatility following a market-wide downturn led by Bitcoin’s drop to $104,600 on October 17. This record activity highlights a growing shift toward decentralized finance, as investors seek self-custody, transparency, and on-chain yield incentives. Uniswap and PancakeSwap Lead the Surge Uniswap maintained its…
French lawmakers have voted to classify large crypto holdings as “unproductive wealth,” potentially imposing a 1% tax on digital assets exceeding €2 million. In a significant policy shift, France’s National Assembly has approved an amendment redefining how wealth is taxed — with cryptocurrencies now included under “unproductive assets.” The proposal, introduced by centrist MP Jean-Paul Matteï, aims to reshape the country’s taxation framework and could have lasting implications for high-value crypto investors. The amendment passed narrowly with a 163–150 vote, supported by both socialist and far-right lawmakers, and forms part of the 2026 national budget discussions. It must still pass…
On-chain data suggests the DeFi protocol lost millions in osETH, WETH, and wstETH, marking Balancer’s third major security breach since 2021. Balancer, one of the leading decentralized finance (DeFi) protocols, has reportedly suffered a major security exploit resulting in approximately $70.9 million worth of digital assets being drained from its ecosystem. Blockchain data reveals that the stolen funds — including 6,850 osETH, 6,590 WETH, and 4,260 wstETH — were moved to a new wallet, sparking fresh concerns about asset laundering through mixers and cross-chain bridges. This incident affects Balancer V2, the protocol’s current version, and adds to a growing list…
Ethereum Faces Pressure After 5% Decline; Analysts Eye $3,600 as Crucial Zone Ethereum (ETH) slipped below the $3,700 mark, falling by 5.34% in the past 24 hours as selling pressure intensified across the broader crypto market. The decline tested the lower boundary of the ongoing ascending trendline, which has guided Ethereum’s uptrend since early April. The ETH/USD pair touched intraday lows of $3,686 before stabilizing slightly above the support trendline. The move signals a short-term loss of momentum after weeks of sideways trading between $3,700 and $4,100. According to chart data, Ethereum now sits at a make-or-break level, where a…
The former president defends pardoning Binance founder Changpeng Zhao, claiming he was “treated badly” by the Biden administration. In a recent CBS News interview, President Donald Trump stated that he “doesn’t know” Changpeng “CZ” Zhao, the co-founder of Binance, despite personally granting him a presidential pardon last month. Trump justified the decision as a move to keep the United States competitive in cryptocurrency, dismissing concerns over possible conflicts of interest. Trump’s comments come nearly a year after CZ pleaded guilty to violating the Bank Secrecy Act and served a four-month prison sentence. The pardon, issued in October 2025, reignited debate…
The European Union is preparing a proposal to expand the powers of the European Securities and Markets Authority (ESMA), aiming to unify financial supervision and strengthen its capital markets. The European Union is reportedly drafting a plan to bring stock and cryptocurrency exchanges under centralized supervision, marking a potential shift toward a more integrated capital market framework. The move seeks to streamline regulation, reduce cross-border trading costs, and bolster the region’s startup ecosystem, making the EU more competitive against the United States. A Push Toward Centralized Financial Oversight According to sources familiar with the matter, the proposal — expected to…
The Binance founder clarifies he never proposed creating a crypto bank, despite Kyrgyzstan’s president citing his involvement in Bereket Bank. Former Binance CEO Changpeng “CZ” Zhao has publicly denied claims that he initiated a proposal to create a crypto-friendly private bank in Kyrgyzstan. The statement came after Kyrgyz President Sadyr Japarov alleged that CZ suggested establishing a private financial institution during his visit in May. President Japarov, in an interview with local outlet Kabar, claimed that Zhao proposed setting up a private bank integrating cryptocurrency operations, which led to the creation of Bereket Bank. According to Japarov, he initially preferred…
The Danish government withdraws its support for mandatory message scanning, marking a major victory for digital privacy advocates across Europe. Denmark has officially withdrawn its proposal to mandate the scanning of private messages on encrypted platforms such as WhatsApp, Telegram, and Signal, following intense public and political backlash. The controversial legislation, known as Chat Control, aimed to combat the spread of illegal content online but was criticized for threatening user privacy and encryption standards across the European Union. End of Mandatory Message Scanning As the holder of the European Council presidency, Denmark was expected to lead discussions on the proposal…
The Fed’s largest liquidity operation since 2020 aims to stabilize short-term funding markets, but analysts say it’s not the same as quantitative easing and may have limited impact on Bitcoin. The U.S. Federal Reserve injected $29.4 billion into the banking system on October 31, marking its largest liquidity boost since the 2020 pandemic. The move, executed through the Standing Repo Facility (SRF), sought to ease short-term funding stress in financial markets. While the action supports risk assets like Bitcoin, experts note it’s a temporary fix, not a shift toward broader monetary easing. However, experts caution that this move is not…