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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

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This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

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Bitcoin ETFs shed $463M in weekly reversal as Ether ETFs gain $197M

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ARKB, GBTC and IBIT led Bitcoin ETF withdrawals, while BlackRock’s ETHA pushed Ether ETFs into weekly inflows.

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Robinhood CEO says issuers should not have veto over tokenized stocks

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Robinhood CEO Vlad Tenev said issuers should be involved if tokenized products change shareholder rights or company obligations, but not when they create separate instruments backed by shares.

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King Charles to host AI chiefs amid industry call to slow development

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The gathering comes days after Dario Amodei and Sam Altman called for greater restraint at the AI frontier, warning that rapidly improving systems could pose increasingly difficult-to-control risks.

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