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The Hong Kong Monetary Authority (HKMA) has released its latest findings from the credit card lending survey for the third quarter of 2025, revealing a significant upturn in card receivables. According to the report, total card receivables increased by 1.4% to HK$151.0 billion by the end of September 2025. This marks a notable recovery from the previous quarter, where there was a decline of 2.5%. Stable Delinquency and Charge-off Ratios Despite the fluctuations in receivables, the combined delinquent and rescheduled ratio remained steady at 0.45% by the end of September. Similarly, the quarterly charge-off ratio was unchanged at 0.64%, indicating…

The lawyer for Binance co-founder Changpeng “CZ” Zhao has denied that he somehow paid for a pardon from US President Donald Trump. Appearing on Anthony Pompliano’s “Pomp Podcast” on Friday,  CZ’s personal attorney Teresa Goody Guillén described the criticism around CZ’s pardoning as a “pile up of a lot of false statements.”“The media continues to refer to World Liberty as Trump’s company, and I haven’t seen anything to show me that that’s true,” she said, adding: “People are making these assumptions that just show a fundamental misunderstanding of how either business works or how blockchain works.” Source: Pomp Podcast CZ spent four…

Strategy’s leveraged bitcoin approach came under fresh scrutiny Sunday as critics questioned whether Michael Saylor’s firm can withstand prolonged market stress.Among the most vocal was longtime Bitcoin detractor Peter Schiff, who chairs Schiff Gold and serves as chief global strategist at Euro Pacific Asset Management. In a series of posts on X, Schiff argued that Strategy’s model depends on income-focused buyers of its “high-yield” preferred shares, said the published yields “will never actually be paid” and warned the structure could enter a “death spiral” if demand weakens. He also said he believes the company “will eventually go bankrupt” and challenged…

Changpeng “CZ” Zhao’s attorney Teresa Goody Guillén is pushing back against mounting allegations of corruption surrounding the former Binance CEO’s presidential pardon, calling media reports about pay-to-play arrangements “false statements” built on “fundamental misunderstandings” of blockchain technology and business operations.The pardon, granted by President Donald Trump in October following CZ’s guilty plea to anti-money laundering violations, has triggered fierce political backlash from Democratic lawmakers who claim financial ties between Binance and Trump’s family crypto venture influenced the decision.CZ Never Should Have Been Prosecuted, Lawyer ArguesGuillén defended the pardon during a recent Pomp Podcast interview, asserting CZ faced unprecedented treatment compared…

The BNB Chain continues to expand its ecosystem with a fresh wave of decentralized applications (dApps), showcasing innovation across various sectors such as DeFi, AI, and Web3 gaming. According to BNB Chain’s official blog, these additions reflect the dynamic growth and diversification of the blockchain landscape. Latest Projects on BNB Chain Among the new entries is On-chain Check-in, a unique platform that transforms daily blockchain activity into a simple ritual, categorized under ‘Others’. DeHub stands out in the DeSoc category, offering an open-source, censorship-resistant streaming protocol powered by DePIN. In the AI sector, Good Morning aims to infuse cultural and…

WisdomTree’s head of digital assets, Will Peck, anticipates that exchange-traded funds (ETF) that hold diversified baskets of cryptocurrencies will fill a significant gap in the market in the coming years.“It does seem like that’s going to be one of the next waves of adoption,” Peck told Cointelegraph at The Bridge conference in New York City on Wednesday. “It solves a need, I think,” he added.Peck explained that although many new investors now understand the concept of Bitcoin (BTC), they often struggle to judge the “next 20 range of assets.” He said a multi-asset crypto basket provides them with exposure to…

XRP is struggling to reclaim upside momentum after failing to break through the $2.50 resistance zone, raising questions about whether the latest pullback is a buying opportunity or a sign of deeper exhaustion. XRP trades at $2.25, down slightly over the past 24 hours, with a market cap near $135.4 billion and daily volume above $5.3 billion, still among the highest levels in the altcoin sector.Amid the price pressure, the market received a major development: the launch of the Canary XRP ETF (NASDAQ: XRPC), the first U.S.-listed product offering spot exposure to XRP. The ETF arrives at a time when…

On Nov. 14, Kevin McCordic of Monad and investor Nic Carter offered opposing reads on crypto’s 2025 slump, splitting over whether it’s routine consolidation or a catalyst-light grind.McCordic, director of growth at Monad Foundation who goes by “intern” on X, argued that today’s jitters are modest compared with 2022, when credit lenders failed, exchanges imploded and cascading liquidations hit tokens. He cast the drawdown as uncomfortable but typical consolidation after crisis and said crypto is embedded in global finance and “things are going to be ok.”Carter, a general partner at Castle Island Ventures and cofounder of Coin Metrics, countered that…

Karen Buzard, Partner and Head of the US Markets Innovation Group at A&O Shearman, is at the forefront of integrating artificial intelligence (AI) into the legal sector, according to Harvey.ai. Her work emphasizes the development of AI-powered solutions to address complex legal and regulatory challenges, fostering innovation and setting new industry standards. Leading AI Adoption in Law Buzard leads a team of lawyers, technologists, and developers focused on creating innovative solutions for clients. Her efforts in establishing robust AI governance and risk management frameworks have been widely adopted by major financial institutions and corporates across the United States. These frameworks…

Key takeaways:The spot Solana ETFs have recorded inflows for 13 consecutive days.SOL broke its multi-year uptrend, slipping below a key moving average.Spot Solana (SOL) exchange-traded funds continued to attract investor interest, recording their thirteenth straight day of inflows, underscoring institutional demand for the network’s native asset.According to data from SoSoValue, Solana ETFs added $1.49 million on Thursday, bringing cumulative inflows to $370 million and total assets to over $533 million. The Bitwise Solana ETF (BSOL) was the only one that recorded inflows on Thursday, marking the weakest since its launch on Oct. 28. Solana ETFs inflows. Source: SoSoValueThe weakening SOL…