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The Hong Kong Monetary Authority (HKMA) has released the Phase 2 Report of its e-HKD Pilot Programme, highlighting key findings and the future direction for the digital currency. According to the HKMA, the report provides insights from 11 industry pilot groups and outlines the Authority’s policy stance regarding the e-HKD. Phase 2 Findings and Industry Insights Since 2017, the HKMA has been exploring the potential of a central bank digital currency (CBDC), specifically the e-HKD, using distributed ledger technology (DLT). Phase 2 focused on the commercial viability and scalability of an e-HKD in retail scenarios, comparing it with tokenised deposits.…

Tokyo-listed Bitcoin treasury firm Metaplanet Inc. has unveiled a 75 billion Japanese yen (around $500 million) share repurchase program backed by a Bitcoin-collateralized credit facility, following a decline in its market-based net asset value (mNAV) below 1.In a Tuesday announcement, the company said the move aims to maximize Bitcoin (BTC) yield per share and restore market confidence as its stock trades below the value of its Bitcoin holdings. The buyback program, approved by the board, allows for the repurchase of up to 150 million common shares, representing 13.13% of total issued shares. The repurchase will run from Oct. 29, 2025,…

Bitcoin Price Prediction Bitcoin’s bullish momentum continues to reshape global markets. Crypto lender Ledn has surpassed $1 billion in Bitcoin-backed loans, the US dollar has weakened on renewed trade optimism, and American BTC, a Trump-linked firm, has expanded its holdings to $445 million. Together, these moves highlight deepening institutional confidence as investors increasingly use BTC for liquidity, leverage, and long-term value preservation.Ledn Surpasses $1B in Bitcoin-Backed Loans as Demand SoarsCrypto lender Ledn has issued over $1 billion in Bitcoin-backed loans this year, marking a sharp rise in crypto credit demand as investors choose to borrow rather than sell during the…

Internet Computer slid to $3.19 after breaking support, but buyers see short-term rebound potential near $3.15.

Ethereum (ETH) has experienced a notable surge, breaking past the $4,200 threshold on October 27, as reported by CoinMarketCap. The cryptocurrency saw a 7.12% increase, driven by institutional accumulation and geopolitical developments. Institutional Accumulation Boosts Ethereum The recent uptick in Ethereum’s price can be attributed to a significant rise in institutional interest. Large-scale investors have been accumulating the digital asset, contributing to its bullish momentum. This trend has helped Ethereum regain its position above the crucial $4,000 psychological level, signaling renewed confidence among traders and investors alike. Geopolitical Factors and Market Optimism Beyond institutional interest, the easing of trade tensions…

Former Mt. Gox CEO Mark Karpelès probably wishes he had access to today’s artificial intelligence when he bought Mt. Gox from its founder, Jed McCaleb, in 2011. That’s because Karpelès has just fed an early version of Mt. Gox’s codebase into Anthropic’s Claude AI. What he got back was an analysis that broke down the key vulnerabilities that led to the defunct exchange’s first major hack, while labelling it “critically insecure.”In a Sunday X post, Karpelès said he uploaded Mt. Gox’s 2011 codebase to Claude, alongside various data, including GitHub history, access logs and data “dumps released by” the hacker. Source: Mark…

Coinbase’s experimental x402 payments protocol, designed to let AI agents and humans pay directly in stablecoins over the internet, has exploded in activity. Key Takeaways: Coinbase’s x402 protocol saw a 10,000% surge in transactions, processing nearly 500,000 payments in one week. The protocol revives the HTTP 402 “Payment Required” code to enable instant on-chain stablecoin payments. Rising developer interest has fueled x402-powered token launches. According to data from Dune Analytics, the payments protocol has surged more than 10,000% in transactions over the past month.Coinbase’s x402 Revives HTTP 402 to Enable Instant On-Chain PaymentsOriginally introduced in May, x402 reimagines the long-unused…

Major cryptocurrencies are trading higher, with key events, including Federal Reserve (Fed) and Bank of Japan (BOJ) rate decisions, and earnings reports from influential Mag 7 stocks lined up for the week ahead.Fed likely to cut ratesThe Federal Reserve is widely expected to cut its policy rate by 25 basis points to 4% on Wednesday, bringing the total easing since September last year to 150 basis points.The CME Fed funds futures are pricing in near certainty that the Fed will cut rates by 25 basis points on Wednesday and at its December meeting.The consensus anticipates further rate cuts next year,…

TRON (TRX) finds itself at a critical juncture as technical indicators paint a mixed picture for the cryptocurrency’s near-term trajectory. With the current price hovering at $0.30, our comprehensive TRX price prediction analysis reveals compelling opportunities for both short-term traders and long-term investors willing to navigate the current volatility. TRX Price Prediction Summary • TRX short-term target (1 week): $0.32-$0.35 (+6.7% to +16.7%) • TRON medium-term forecast (1 month): $0.28-$0.40 range with bias toward $0.35 • Key level to break for bullish continuation: $0.35 (strong resistance) • Critical support if bearish: $0.29 (immediate) and $0.21 (52-week low) Recent TRON Price…

The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.If that relationship holds, Colin added, “it would indicate…