Hong Kong monetary authority has taken a decisive step forward in its digital currency ambitions by launching Phase 2 of its e-HKD pilot programme. With 11 industry consortia selected to explore real-world use cases and new forms of digital money including tokenised deposits, the city is positioning itself at the forefront of the digital-money evolution.
Author: ethan
ethan
Ethan focuses on altcoins and emerging blockchain ecosystems, covering new projects, sector expansion, and shifting narratives across the crypto landscape. His work looks at how ecosystems grow and interact, beyond short-term price movements. He regularly contributes context on Layer 1 developments and Web3 or DeFi trends connected to broader ecosystem growth.
The cryptocurrency market is facing a critical crossroads as November approaches, with Ethereum (ETH), the second-largest digital asset by capitalization, at the center of the debate. Following a recent drop that placed it below the $4,000 mark, the analytics firm 10x Research has issued a controversial recommendation by suggesting shorting Ethereum in November 2025 over Bitcoin, arguing a weakening of the institutional narrative that supports ETH.
Solana capital flows have plummeted to their lowest level in six months. This negative indicator coincides with the price struggling to overcome the $200 resistance. Investor confidence appears to be diminishing, increasing selling pressure on the digital asset. Key data from Glassnode and TradingView confirm this short-term bearish trend.
Stellar’s XLM is consolidating around the US$ 0.2975 level amid a broader crypto rally — but the token is under-performing and trading on significantly lower volume, raising questions about the strength of any near-term breakout.
Solana jumped 9% as the price ran past $190 and briefly touched $216, drawing in new buyers. Long-time holders used the strength to cash out, sending sizable amounts of SOL to exchanges and pressuring the rally. With $200 now acting like a ceiling, the next move depends on strong volume and new demand absorbing coins sold by early buyers.
The public sale of the MEGA token for the Layer 2 project, MegaETH, has raised over $1.18 billion in commitments. However, the enthusiasm has been overshadowed by concerns about the process’s fairness. The analytics firm Bubblemaps detected potential Sybil activity in MegaETH, suggesting manipulation.
Thai police arrested a Chinese national, Liang Ai-Bing, in Bangkok. The subject is allegedly linked to the FINTOCH Ponzi scheme. This crypto scam defrauded investors of over $31 million. According to police reports, the capture resulted from a joint operation between Thailand and China.
In a significant landmark for digital-asset markets, Singapore’s DBS Bank and Goldman Sachs have executed the first over-the-counter (OTC) crypto options trade between two regulated banks. The transaction, featuring cash-settled options on Bitcoin and Ether, signals a deeper institutional embrace of crypto-derivatives and risk-management tools once reserved for traditional finance.
With its debut already generating nearly US$100 million in 24-hour volume, the equity perpetual contracts (equity perps) launched by Hyperliquid have ignited intense debate across crypto and DeFi. These on-chain derivatives promise round-the-clock access to stock-market-style exposure – but also raise complex risks around liquidity, legality and leverage in uncharted terrain.
On 29 October 2025, the total value of Nvidia shares reached five trillion dollars, underscoring how central the company has become to current market dynamics. The figure reflects how much the world now relies on Nvidia graphics chips to run artificial intelligence programs. The jump concentrates a vast slice of tech wealth in one firm and coincides with a year in which Bitcoin added fewer percentage points than the broad U.S. stock index, a setback for crypto holders, fund overseers and tech workers.