Hong Kong HKDAP Stablecoin Advances with Ethereum Mainnet Testing
Hong Kong's HKDAP stablecoin project progresses as Anchorpoint and OSL complete transfer testing on the Ethereum mainnet, according to Crypto Adventure. The testing also involves PantherTrade, a trading platform backed by Futu Holdings, marking a significant step in the stablecoin's rollout.
Hong Kong's regulated HKD stablecoin, known as HKDAP (short for "HKD At Par"), has reached a new milestone as Anchorpoint and OSL successfully completed transfer testing on the Ethereum mainnet. This testing is crucial for the HKDAP's rollout, as it ensures the stablecoin can operate effectively within the Ethereum ecosystem.
Additionally, PantherTrade, a licensed virtual asset trading platform supported by Futu Holdings, has also participated in this transfer test alongside Anchorpoint and OSL. This collaboration highlights the growing interest in stablecoins and their applications in digital asset trading.
The HKDAP stablecoin aims to provide a digital representation of the Hong Kong dollar, potentially enhancing the efficiency of transactions in the region. As the project progresses, stakeholders will be watching for further developments regarding its regulatory approval and broader adoption in the market.
Summary based on original reporting by Marius Bogdan Dinu at Crypto Adventure, originally published May 21, 2026. SolanaWire does not republish source content.
Michael Saylor's Strategy Faces Turbulent Month with Bitcoin Sales
Strategy, headed by Michael Saylor, reported significant fluctuations in its Bitcoin holdings, contributing to an $8.32 billion loss in the second quarter, according to CoinDesk. The company sold 3,588 Bitcoin shortly after purchasing 3,657 at a higher price, raising concerns about its future Bitcoin strategy.
2 hours ago·CoinDesk·Reported by Helene Braun
Ethereum Developers Support Buterin's Framework, Call for Faster Execution
Ethereum developers welcome Vitalik Buterin's updated "Lean Ethereum" roadmap, emphasizing privacy and quantum resistance. While there is general consensus on the direction of the plan, concerns arise over its three-to-four-year timeline, prompting calls for accelerated progress, according to CoinDesk.
3 hours ago·CoinDesk·Reported by Margaux Nijkerk
TeraWulf Signs $19 Billion Lease with Anthropic, Boosting Bitcoin Mining Stocks
TeraWulf has signed a 20-year lease with Anthropic for a data center that could yield $19 billion in revenue, prompting a strong surge in Bitcoin mining stocks, according to Decrypt. The lease supports an AI data center project, marking a significant pivot for TeraWulf from traditional Bitcoin mining to artificial intelligence infrastructure.
3 hours ago·Decrypt·Reported by Decrypt Agent
BitMine Expands Ethereum Holdings by $73 Million Amid Bitcoin Sell-Off
BitMine, led by Chairman Tom Lee, acquired over $73 million in Ethereum, bringing its treasury to more than 5.74 million ETH. The move comes as Strategy, a competing Bitcoin-focused firm, sold $216 million in BTC to cover dividends, highlighting contrasting strategies in the current market, according to Decrypt.
3 hours ago·Decrypt·Reported by Logan Hitchcock
Trending this week
Over 150,000 Sign Up for Joi AI's Paid Masturbation Study
Joi AI's call for participants in its AI-guided masturbation study attracted over 150,000 applications, prompting the company to establish a formal selection process. As reported by Decrypt, the overwhelming response highlighted the growing interest in AI companions and associated adult applications.
37 minutes ago·Decrypt·Reported by Jason Nelson
Securitize Plans Acquisitions with $400 Million Following NYSE Debut
Securitize intends to pursue acquisitions of complementary businesses with the $400 million it raised through its recent public listing, as reported by CoinDesk. CEO Carlos Domingo emphasizes the firm's focus on expanding its institutional tokenization services rather than acquiring competitors.
4 hours ago·CoinDesk·Reported by Krisztian Sandor
Summer.fi Halts Lazy Summer Vaults After $6 Million Exploit
Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults following an exploit that drained approximately $6 million from the platform, according to CoinDesk. The SUMR token fell over 18% after the incident was reported by several blockchain security firms, including Blockaid and PeckShield.
4 hours ago·CoinDesk·Reported by Francisco Rodrigues
Bitmine Expands Ethereum Holdings by $74 Million Amid Regulatory Optimism
Bitmine Immersion has acquired an additional 42,197 ether, valued at approximately $74 million, as reported by CoinDesk. Chairman Tom Lee suggests this increased investment is driven by rising optimism toward the Clarity Act, which may improve regulatory clarity in the cryptocurrency space.
5 hours ago·CoinDesk·Reported by Krisztian Sandor
