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News

Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Russian Ruble-Backed Stablecoin Traded $9 Billion in Four Months
Russian Ruble-Backed Stablecoin Traded $9 Billion in Four Months

Kyrgyzstan's A7A5 stablecoin, backed by the ruble, has gained rapid traction, processing $9.3 billion in four months. Its market cap remains low, prompting speculation about Russian involvement in sanctions evasion.

BeInCrypto·2025/06/25 11:28
Pi Coin Surges 15%, But Expert Doubts Pi2Day’s Ability to Trigger a Price Surge
Pi Coin Surges 15%, But Expert Doubts Pi2Day’s Ability to Trigger a Price Surge

Pi Coin has surged 15.8%, fueling speculation that Pi2Day might trigger further gains. However, CEO Ray Youssef stresses that long-term growth hinges on Pi's real-world utility, regulatory clarity, and liquidity.

BeInCrypto·2025/06/25 11:00
Betting $50,000 against Aave, can Polygon's new token KAT live up to its dual-token ambitions?
Betting $50,000 against Aave, can Polygon's new token KAT live up to its dual-token ambitions?

The issuance of KAT may dilute the value of the original POL, especially in a situation where the dual-token ecosystem governance mechanism is not yet clear, further exacerbating market cautiousness.

BlockBeats·2025/06/25 10:49
Flash
  • 10:22
    Hong Kong FSTB Secretary Christopher Hui: Stablecoins Should Not Be Used for Short-Term Speculation but for Long-Term Strategy, with Asset Tokenization as the Next Step
    According to a report by Jinse Finance, Hong Kong Financial Services Development Council Chairman Laurence Li recently stated at the annual report press conference that stablecoins should not be used for speculation, and the digitalization of asset markets is a long-term endeavor. Stablecoins are meant to play a stabilizing role and should not be viewed with short-term thinking. He believes that Hong Kong's current pace of development is ahead of other financial centers. Li also revealed that stablecoins are one component of the digitalization of Hong Kong's financial markets, enabling the tokenization of intermediary currencies in transactions. He expects that the next step will be the tokenization of various assets, but emphasized that this development will take time and comprehensive tokenization will not happen in the near future.
  • 10:17
    Yilihua: ETH Will Continue to Outperform BTC in This Cycle
    According to Jinse Finance, LD Capital founder Li Hua Yi stated: “ETH has broken through 3700. The weakness of the past few years has made people forget ETH’s strong outperformance over BTC during the bull markets of 2017 and 2020. In this cycle, our conviction that ETH will continue to outperform BTC has already been validated. In a bull market, don’t go short—at the very least, hold ETH, and you won’t miss out on this rally.”
  • 09:33
    A Certain Whale Profits from All Six Recent Long Positions on ETH, with Total Gains Approaching $3 Million
    BlockBeats News, July 20 — According to monitoring by Lookonchain, whale 0xd5ff closed its ETH long position on HyperLiquid an hour ago, locking in another $1.7 million in profit. Over the past four days, this whale has executed six profitable ETH long trades, achieving a 100% win rate and total profits approaching $3 million.
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