Hong Kong’s financial watchdog has taken a major step toward strengthening its position as a global crypto hub. The Securities and Futures Commission (SFC) announced that licensed local crypto exchanges will now be allowed to connect with global trading platforms through shared order books, enabling access to worldwide liquidity and more competitive pricing.

According to the SFC, local platforms must secure prior written approval before integrating with overseas exchanges. The regulator also issued a separate circular exempting certain tokens and stablecoins, licensed by the Hong Kong Monetary Authority, from the current 12-month trading history rule required for professional investors.

SFC CEO Julia Leung emphasized the importance of balancing innovation with regulation, noting that overly strict rules could drive liquidity and talent elsewhere. The move reflects Hong Kong’s ongoing efforts to attract crypto businesses and stay competitive globally, particularly amid renewed global interest in digital assets.

Source

Canaan Inc., a bitcoin mining hardware manufacturer, has entered into a 4.5 megawatt (MW) sales agreement to put in place its hydro-cooled Avalon A1566HA-488T mining ASICs in Japan.

The project aims to help stabilize the country’s power grid with advanced real-time energy balancing technology built in.

The company reported it will be working with an electrical engineering solutions provider for the installation of the servers at a facility that is a part of a large Japanese utility company. It expects to see the first stages of this deployment by the end of 2025.

Using a process called controlled overclocking and underclocking, the miners can increase or decrease power…

Read more on bitcoinnews

Tether International has released its Q3 2025 attestation report, verified by global accounting firm BDO, confirming the accuracy and transparency of its financial and reserve data. The company’s net profit for the year has surpassed $10 billion, highlighting Tether’s status as one of the most profitable and stable private firms in the world.

During the quarter, Tether issued over $17 billion in new USD₮, pushing its total circulation past $174 billion, while maintaining $6.8 billion in excess reserves. Its holdings of U.S. Treasuries hit a record $135 billion, ranking Tether as the 17th largest holder of U.S. debt globally. The company’s gold and bitcoin reserves reached $12.9 billion and $9.9 billion, showcasing a diverse reserve strategy.

CEO Paolo Ardoino emphasized Tether’s resilience and trust amid economic uncertainty, stating that its growth and discipline strengthen confidence in the broader digital economy. Tether continues expanding into AI, renewable energy, and communications to power a stable, tech-driven financial future.

Source

Bitcoin price has rebounded slightly to $109,600 after yesterday’s dip to $106,000, ending what has been a tumultuous October for bitcoin.

Traders are now cautiously optimistic as the market transitions from the failed “Uptober” rally to the historically stronger month of November.

Yesterday, Bitcoin tumbled over 3% amid renewed risk-off sentiment sparked by Federal Reserve Chair Jerome Powell’s hawkish comments on future rate cuts and renewed U.S.–China trade tensions. 

The dip extended a week-long decline that began after the Fed delivered a modest 25 basis point cut but signaled uncertainty for December’s meeting.

Bitcoin price had a disappointing… Read more on BitcoinMagazine

Bitcoin rewards platform Fold Holdings (FLD) has announced a limited-time partnership with Steak ‘n Shake, giving customers the chance to earn bitcoin with their meals. Starting Friday, anyone who buys a Bitcoin Burger or Bitcoin Meal can upload their receipt to bitcoinmealdeal dot com to claim $5 in bitcoin via the Fold app. Once users sign up on the app, they can redeem their reward and continue earning BTC on future purchases.
The fast-food chain recently launched its Bitcoin Burger, featuring a bun stamped with the Bitcoin logo. Fold CEO Will Reeves said the promotion marks another step toward bringing bitcoin into everyday life, adding that for many, this may be their first time owning the cryptocurrency.
Fold, which offers bitcoin cashback on purchases from major retailers like Amazon, recently went public and holds about 1,500 BTC in its treasury. The company is valued near $200 million and continues expanding its crypto reward ecosystem.

Steak ’n Shake is making history as the first major restaurant to establish a Strategic Bitcoin Reserve. 

All payments received in Bitcoin will now be added to their Strategic Bitcoin Reserve (SBR), marking a fun and major step into bitcoin adoption for the fast-food chain.

As part of the initiative, the company will donate 210 sats from every Bitcoin Meal sold to the Open Sats Initiative, Inc. over the next 12 months. 

Customers who purchase and register their Bitcoin Steakburger through the Fold App will also receive $5 in free Bitcoin, with instructions provided on their receipts.

The move comes on the heels of a strong quarter, with same-store sales up 15% —…

Read more on BitcoinMagazine

In a 2-1 decision issued today, the Tenth Circuit affirmed the denial of a Federal Reserve master account to Custodia Bank, the Wyoming-chartered Special Purpose Depository Institution (SPDI) that has become the test case for crypto-native banking. The panel upheld the district court across the board and left Reserve Banks with broad (and potentially unreviewable, in the words of the dissent) discretion over access.

Master accounts are the keys to the fiat kingdom. They’re the ledger entries that let institutions clear and settle directly at the Fed; without one, a “bank” is functionally just a vault dependent on fickle intermediaries and third-party rails. That practical choke…

Read more on BitcoinMagazine

Today marks seventeen years since Satoshi Nakamoto’s publication of the Bitcoin Whitepaper on the cryptography mailing list in 2008. Back then Bitcoin was nothing more than a proposal for a new niche technology, the latest in a long lineage of niche technologies created by the cypherpunks of the 1990s. 

Bitcoin has gone through many massive transformations since that day 17 years ago. It went from a niche internet collectible, to a decentralized network powering illegal dark net markets, to a mainstream speculative investment for retail, to Wall Street and governments all over the world’s favorite new asset class. We have all had front row seats to the first explosive global…

Read more on BitcoinMagazine

Prenetics Global Limited (NASDAQ: PRE) announced the purchase of 100 bitcoin at an average price of $109,594, expanding its total holdings to 378 BTC — valued at roughly $41 million. 

The move comes just days after the health sciences company completed a $44 million equity offering that was oversubscribed by strategic investors including Kraken, Exodus, GPTX by Jihan Wu, XtalPi, DL Holdings, and tennis champion Aryna Sabalenka.

“This 100 Bitcoin acquisition demonstrates our immediate execution on the strategic vision we outlined to investors,” said CEO Danny Yeung, highlighting Prenetics’ dual focus on scaling its wellness brand IM8 and building long-term value through…

Read more on BitcoinMagazine