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

Cryptocurrency

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

Blockchain

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

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
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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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.

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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.

Bitcoin has soared following Trump’s announcement of a list of cryptocurrencies to be included in a new US strategic reserve. Photo: AFP
Bitcoin has soared following Trump’s announcement of a list of cryptocurrencies to be included in a new US strategic reserve. Photo: AFP
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.

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.

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
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.

Bybit said US$1.5 billion worth of ether was stolen in a “sophisticated attack” on one of its cold wallets. Photo: AP
Bybit said US$1.5 billion worth of ether was stolen in a “sophisticated attack” on one of its cold wallets. Photo: AP
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.

Banking & finance

Crypto derivatives missing from Hong Kong’s virtual-asset push, Deribit says

Dubai-based exchange aims to expand in the city as the regulator is set to consider letting professional investors trade crypto derivatives.

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
Blockchain

Tokenisation a ‘defining trend’ in Hong Kong, official says at Consensus

Tokenisation will be ‘profoundly transformative’, Secretary for Financial Services Christopher Hui said, as companies pile into the burgeoning business.

HSBC Gold Token is the first such retail product to be issued by a bank in Hong Kong, according to HSBC, as the government pushes for the issuance of more tokenised assets. Photo: HSBC
HSBC Gold Token is the first such retail product to be issued by a bank in Hong Kong, according to HSBC, as the government pushes for the issuance of more tokenised assets. Photo: HSBC
Digital currencies

Consensus building: crypto conference arrives in Hong Kong amid Web3 changes

Hong Kong is leaning into its role in traditional finance as it courts Web3 enthusiasts to the city for CoinDesk’s Consensus Hong Kong.

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Smartphones

Apple partners with Alibaba in AI as Chinese rivals embrace DeepSeek

DeepSeek has become the top AI choice for Chinese Android smartphone makers from Huawei to Vivo, as Alibaba scores Apple as local partner.

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Art

Obituary | Friends and family mourn American-Chinese artist Rutherford Chang

The artist, a scion of Taiwan’s Advanced Semiconductor Engineering family who died aged 45, remembered as ‘warm’ and ‘endlessly curious’.

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Rutherford Chang stands at an exhibition of his “We Buy White Albums” project - which saw him turn his many copies of The Beatles’ White Album into a piece of conceptual art - in Germany. The American-Chinese artist died on January 24 aged 45. Photo: Instagram/lawrenceartscentergallery
Rutherford Chang stands at an exhibition of his “We Buy White Albums” project - which saw him turn his many copies of The Beatles’ White Album into a piece of conceptual art - in Germany. The American-Chinese artist died on January 24 aged 45. Photo: Instagram/lawrenceartscentergallery
Blockchain

Binance seeks pause in legal battle as Trump draws up crypto policy

The parties say the SEC’s new task force on cryptocurrency regulations may ‘impact and facilitate the potential resolution of this case’.

Digital currencies

Tencent-backed WeBank eyes Web3 expansion in Hong Kong

WeBank chief information officer Henry Ma said the virtual bank will be “deeply involved” in developing Hong Kong’s Web3 infrastructure.

Digital currencies

Hong Kong bitcoin ETFs could open to some mainland investors under new measures

New rules further opening up China’s financial markets could give some mainlanders access to cryptocurrency investment products for the first time.

Hong Kong’s bitcoin exchange-traded funds have so far been off limits to mainland investors, but some see hope in new measures aimed at financial opening in the Greater Bay Area. Photo: Shutterstock
Blockchain

Trump’s meme coin draws billions in crypto trading volume

Major exchanges like Coinbase and Binance say they intend to list Trump’s token on their platform, while Melania also unveiled a coin.

US president-elect Donald Trump and his wife Melania visit the Arlington National Cemetery in Virginia on Sunday. Photo: AP Photo
US president-elect Donald Trump and his wife Melania visit the Arlington National Cemetery in Virginia on Sunday. Photo: AP Photo
Blockchain

Trump plans to make cryptocurrency a national priority, sources say

The US president-elect plans to release an executive order to advocate for the crypto industry’s policy priorities, according to sources.

Blockchain

BitMEX fined US$100 million for violating anti-money-laundering laws

Prosecutors accuse BitMEX and its founders of failing to adopt anti-money-laundering and “know your customer” programmes.

Blockchain

Bitcoin doubles in 2024, as analysts expect more gains in 2025

‘We remain convinced US$100,000 is not the final milestone,’ analysts at brokerage Bernstein say.

Bitcoin surged 120 per cent in 2024. Some analysts expect more gains this year. Photo: dpa
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Banking & Finance

Alibaba’s Tsai says some AI bets like excess data centres are speculative

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Alibaba Group chairman Joe Tsai says some of the multi-billion outlays may be unnecessary. Photo: Handout

Big Tech

Chinese tech giant Tencent invests in Shanghai robotics start-up Agibot

The Tencent logo is seen behind a robotic hand in this illustration taken February 16, 2025. Photo: Reuters

China EVs

BYD beats Tesla again as sales top US$100 billion in record 2024 results

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The BYD logo is displayed at the Beijing Auto Show in April 2024. Photo: AFP

Tech War

Ant Group’s use of local GPUs, not Nvidia, cuts AI model training costs by 20%

Ant Group’s latest research into AI development places it among domestic firms such as DeepSeek and ByteDance in the search for more efficient ways to train and run models. Photo: Shutterstock

Global Economy

Unaffected by EU’s tariffs on EVs, China’s hybrid-vehicle exports surge to bloc

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BYD’s Denza N9 luxury SUV is available in a plug-in hybrid version advertised in London. Photo: Handout
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