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SEC cancels controversial crypto accounting rule SAB 121

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The SEC published a new Staff Accounting Bulletin revoking SAB 121, rules that governed how financial firms should hold crypto criticized by the industry.

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HSBC launches Hong Kong dollar stablecoin for retail payments

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HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses.

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Bitcoin ETFs bleed $635M as October slides back into the red

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Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October.

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Malaysia, Thailand join Singapore’s cross-border stablecoin push

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BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.

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