Crypto Breaking News

HSBC launched its tokenised deposit service in the United Arab Emirates, adding the UAE dirham to its blockchain-based Orion network and enabling around-the-clock corporate cash management.

A group of US Senate Democrats called on Senate Republican leaders to hold hearings into a reported US$500 million deal.

CATL says it is focusing on deploying sodium-ion batteries this year to meet demand for AI-related energy storage. CATL Chief Manufacturing Officer Ni Jun discusses the battery maker's outlook, as well as the prospect of harnessing computing power from idle electric vehicles. He speaks on the sidelines of the World Economic Forum in Dalian.

SpaceX sold $25 billion of investment-grade bonds on Tuesday, marking the final step to replace the costly debt that had helped finance Elon Musk's acquisition of X, then known as Twitter, as well as the expensive loans and bonds issued by xAI to bridge its rapid cash drain. Bloomberg's Manuel Baigorri reports.

StarkWare introduced a Private KYC demonstration on Starknet, allowing users to complete identity verification checks without revealing full personal information such as passport details or home addresses.

The Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against Kentucky after the state sued five prediction market operators.

A tentative rebound in Asian equities following Tuesday's global tech-led rout failed to hold as a fresh bout of selling hit the sector. State Street Investment Management's Dan Farley discusses whether the AI rally still has room to go.

• Morgan Stanley (NYSE:MS) proposed a 0.14% fee for its spot Bitcoin ETF, positioning it below every major US-listed rival if regulators approve the fund. 
• The filing targets a spot Bitcoin ETF market worth roughly US$83 billion to US$92 billion, where fee competition has become a key driver of investor flows.
• Regulatory approval remains the main hurdle, while lower fees could pressure competing issuers to adjust pricing across the sector. 

Jonathan Zhu, Greater China Chairman at Bain Capital, discusses his outlook and strategies for investing in the Chinese market. He speaks with Stephen Engle on the sidelines of the World Economic Forum in Dalian on "Bloomberg: The Asia Trade".

Chinese Premier Li Qiang delivered a special address at the Summer Davos forum in Dalian on Wednesday. He said Beijing will continue to expand domestic demand and accelerate the large-scale application of new technologies. Bloomberg's Minmin Low reports.

Crypto markets faced tighter liquidity conditions after the Federal Reserve kept interest rates unchanged while lifting its median 2026 rate outlook to 3.8% from 3.4%.

China has expanded its nuclear power programme to 60 operating reactors generating 58.7 gigawatts of capacity, while another 36 reactors remain under construction.