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HashKey Launches Beta Distribution for HKDAP Regulated Stablecoin in Hong Kong

Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, has named HashKey Exchange as an authorized distributor for its Hong Kong dollar stablecoin, HKDAP. The move is designed to broaden eligible institutions’ and professional investors’ access to the fiat-backed token as Hong Kong’s regulated stablecoin framework continues to roll out. In a Tuesday announcement, the companies said the distribution arrangement is part of a beta phase. HashKey reported that it has already completed its first HKDAP minting and redemption cycle with eligible clients, including both fiat on-ramps and off-ramps. Anchorpoint and HashKey also indicated that they intend to expand distribution over time and assess additional applications for HKDAP, such as cross-border payments, settlement workflows, and tokenized finance. Key takeaways HashKey Exchange has been added as an authorized distributor for Anchorpoint’s HKDAP, expanding regulated access to the Hong Kong dollar stablecoin. The rollout is i...
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Bitcoin Targets $63K as Softer US CPI Lifts Sept Fed Pause Odds to 60%

Bitcoin traded softer around the Wall Street open on Wednesday as traders digested fresh US inflation data and reassessed how restrictive the Federal Reserve is likely to remain. Despite July CPI coming in line with expectations, BTC/USD slipped below $63,500, erasing earlier gains and bringing renewed attention to the $63,000 area. Market focus is now shifting to Thursday’s Producer Price Index (PPI), with investors looking for clues on whether inflation momentum is truly cooling or merely pausing—especially after recent labor-market signals have already complicated the rate path debate. Key takeaways BTC/USD slid back below $63,500 after July CPI matched expectations, showing inflation “in line” did not automatically translate into bullish momentum. CME Group’s FedWatch Tool indicates a higher probability that the Fed holds rates at the current 3.50%–3.75% range for September compared with a month ago. Traders are warning that the $63,000 support zone may be weakening as bounce...
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Kalshi Adds Sports and Crypto Perps Data Feed to DoubleZero

Prediction market infrastructure is getting a more institutional-style upgrade. Kalshi says its live order book for event contracts is now available through data provider DoubleZero Edge’s dedicated fiber network, allowing subscribers to consume real-time market depth in a machine-readable form. The companies announced on Wednesday that the arrangement will be the first of its kind for a prediction market supplying its real-time order book data on sports and crypto perpetuals event contracts through that dedicated distribution channel. Instead of assembling market data from order books and API responses, users can subscribe to a purpose-built feed designed to reduce the engineering effort required to integrate prediction-market liquidity. Key takeaways Kalshi’s real-time order book for sports and crypto perpetuals event contracts is now distributed via DoubleZero Edge’s dedicated fiber network. DoubleZero Edge positions the feed as a turnkey, machine-readable alternative to buildin...
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Crypto Firms Ask AI Companies for Early Access to Bitcoin Devs

A coalition of crypto companies and industry groups has asked frontier artificial intelligence (AI) labs to provide Bitcoin developers and other open-source “defenders” early access to their most capable models. The request comes in a letter published Monday by the Bitcoin Policy Institute (BPI) , arguing that current access arrangements can leave critical infrastructure teams operating behind the pace of rapidly advancing AI-assisted cyber capabilities. In the letter, signatories say many defenders—including Bitcoin Core developers—can be limited by the absence of dedicated “trusted-access programs” and by guardrails applied to publicly available frontier systems. As a result, they contend that qualified teams may be forced to rely on less capable open-weight models, even as attackers may use more powerful AI tooling to probe for weaknesses. Key takeaways The Bitcoin Policy Institute letter calls for “standing trusted-access programs” so open-source financial infrastructure defender...
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RedotPay and Binance Spar Over Singapore Lawsuit in $473M Dispute

Binance and stablecoin payments card issuer RedotPay are trading competing narratives over whether a Singapore legal case tied to their wider dispute is set to end after a hearing on Aug. 7. RedotPay says it expects Binance to discontinue the proceedings, while Binance insists it is not withdrawing its claims. The disagreement is the latest turn in a broader legal battle involving Binance-affiliated entities and RedotPay, which also includes a separate Hong Kong lawsuit seeking close to $473 million in damages. Key takeaways RedotPay expects Binance to discontinue a Singapore case after an Aug. 7 hearing and plans to pursue legal costs. Binance says reports about it withdrawing Singapore claims are false and that it is continuing to press its case. The Singapore dispute sits within a larger conflict that includes a Hong Kong lawsuit alleging diversion of Binance Card users. The cases hinge on the terms of the Binance Pay–RedotPay relationship and whether card funding was used o...
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Chicago Fed President Flags Inflation Concerns, Rate Hike On The Cards

Chicago Federal Reserve President Austan Goolsbee has flagged high inflation as a major challenge for the US. Inflation remains well above the Federal Reserve’s 2% target. The Fed held interest rates steady in July. However, three officials dissented and backed a 25-basis point rate hike. Inflation Is The Biggest Problem Goolsbee stated during an interview with Wired that rising prices are the biggest problem confronting the US, calling them more damaging than current labor-market conditions. “The biggest problem facing our economy right now is not the collapse of industry and the collapse of jobs; it’s that the prices have been rising too fast. We have an inflation problem, and people hate inflation.” Goolsbee also discussed employment and called the labor market “stable without being good,” highlighting the unemployment rate, hiring, and layoffs as key factors behind his reasoning. The Chicago Fed Chair suggested that market conditions have weakened but do not require the Federal Res...
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Bitcoin Miners Hit 10-Year Low as Fee Revenue Falls Below 0.7%

Bitcoin’s mining economics are looking increasingly subsidy-driven as transaction fees sink to levels last seen in the late stages of the decade. At the same time, multiple analysts point to a shift in miner strategy toward AI and high-performance computing (AI/HPC), coinciding with a noticeable decline in network hash rate. Onchain analytics and mining cost estimates show fees make up just 0.69% of miner revenue, while the broader pressure on margins continues as Bitcoin’s price weakens and electricity costs remain a critical factor for operators. The resulting question for investors is whether miners’ AI pivot will stabilize long-term operations—or introduce new volatility to the network’s security parameters. Key takeaways Glassnode data indicates Bitcoin fees are contributing only 0.69% of miner revenue, returning close to decade-low territory. Fees were reported as low as 0.52% in April, leaving miners more dependent on the fixed block subsidy. Checkonchain estimates show ha...
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