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Ethena's whitelabel stablecoins, built on USDE infrastructure, have surged to $240M total supply in just 3 months, reflecting strong adoption. USDE maintains a tight peg near $1 with minimal volatilit

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• USD/CAD fell below the 1.3600 level on Thursday as the U.S. dollar weakened broadly, while the likelihood of renewed U.S.-Iran attacks kept optimism in check.• The U.S. dollar fell against a basket 

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BTC Drops for Days—Rally Over?HTX Community April Creation ContestSplit 1,000 USDT: Share Your Thoughts on AB Hong Kong’s financial regulator has warned about fake tokens claiming to be associated wit

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Hong Kong’s financial regulator has warned about fake tokens claiming to be associated with licensed stablecoin issuers HSBC and Anchorpoint.

Both Anchorpoint & HSBC Confirm No Official Stablecoin Launch Yet
The Hong Kong Monetary Authority (HKMA) has posted a notification on its website warning the public regarding certain stablecoins floating around that claim to be issued by licensed issuers.

Since the passage of the stablecoin bill last year, only entities that have received a license from the HKMA can launch stablecoins in Hong Kong. So far, only two firms have been approved by the regulator: The Hongkong and Shanghai Banking Corporation Limited and Anchorpoint Financial Limited.

According to the HKMA, tokens pretending to be issued by these companies have started circulating. “Tokens with tickers “HKDAP” or “HSBC” have been launched, but they are not issued by or otherwise associated with licensed stablecoin issuers,” noted the financial regulator.

HSBC confirmed in a press release that the bank, which received a license earlier this month, hasn’t launched any stablecoin in the Chinese city yet. The firm noted that it plans to release its Hong Kong-dollar denominated stablecoin in the second half of the year. “At launch, the HSBC issued stablecoin will only be offered through PayMe and the HSBC HK Mobile App,” added HSBC.

Anchorpoint, which is a joint venture between Standard Chartered, Hong Kong Telecom, and Animoca Brands, has released a similar press release, stating that it hasn’t launched any product with the “HKDAP” branding so far. Anchorpoint didn’t confirm a release timeframe in this announcement, but an earlier statement said that the JV plans a phased launch from the second quarter of the year.

The HKMA noted:

Members of the public should stay vigilant against fraudulent activities or scams that are purported to be associated with the licensees or their stablecoin issuance.

Before HSBC and Anchorpoint were given licenses, the HKMA had reveal

Hong Kong’s financial regulator has warned about f

Country risk and macroeconomic instability are among the most powerful—though not uniform—drivers of cryptocurrency adoption globally. This analysis examines the theoretical channels, empirical eviden

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cryptocurrency markets mirrored the bullish sentiment observed in traditional financial markets, particularly reflecting the gains seen across major U.S. stock indices. The Dow Jones Industrial Averag

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$UMA The silence before a rally is never empty. It carries pressure, anticipation, and hidden accumulation. UMA is starting to give that feeling again. Price remains stable while broader market volume

the financial markets experienced a positive shift as all three major U.S. stock indices—the Dow Jones Industrial Average, Nasdaq, and S&P 500—closed higher, marking a day of significant recovery and 

HTX Community April Creation ContestDaily 5K USDT Airdrop - Join & Win!BTC Drops for Days—Rally Over? BREAKING: A Cryptocurrency Platform Has Suddenly Decided to Shut Down – Users Have Two Weeks to Wi


BREAKING: A Cryptocurrency Platform Has Suddenly Decided to Shut Down – Users Have Two Weeks to Withdraw Their Funds
Carrot, a DeFi project operating within the Solana ecosystem, has announced its decision to completely cease operations. In a statement, the project team stated that a security breach on Drift Protocol severely impacted the company’s sustainability and made continued operations impossible.

In an official statement, Carrot said, “This was definitely not the outcome we wanted, but the situation created after the Drift attack has been devastating for our operations.” The project has set May 14th as the last day for users to withdraw their assets from the platform.

Related News Developers of Hacked Altcoin Announce They Will Cover All User Losses
According to the announcement, users will be able to withdraw their funds held in Boost, Turbo, and CRT products until this date. The team stated that after this process, leveraged positions in the system will be completely reset, and liquidity will be released to be used for CRT repayments. The project also asserted that user funds are secure and that ownership of invested assets remains with the users.

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