
Loraz
@loraz
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730 Followers
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Bitcoin trading volume for spot and futures exchanges has soared the past two days as the underlying asset pumped to new heights.
Spot trading volume for the world's largest crypto by market value hit the highest two-day total in nearly two months, $150 billion, according to crypto markets data provider CoinMarketCap. Meanwhile, BTC futures trading volume on Wednesday jumped to over $203 billion, the third-highest daily total of 2025, according to Coinglass.
Those figures come as BTC's price climbed to all-time highs just shy of $112,000. Bitcoin was recent trading at about $111,100, up 2% over the past 24 hours and nearly 8% for the past week. The surge has come as investors buoyed by encouraging macroeconomic signs, but also confident in Bitcoin's status as a potential hedge against the potential depreciation of the U.S. dollar, purchase the asset. 0 reply
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Hong Kong passed legislation on Wednesday creating a licensing regime for fiat-referenced stablecoins, advancing its goal of becoming a digital asset hub while responding to concerns over investor protection and financial stability.
The new law,passed by the city’s Legislative Council, requires FRS issuers to obtain a license from the Hong Kong Monetary Authority (HKMA).
Licensees must comply with a range of requirements covering reserve asset management, redemption at par value, segregation of client funds, anti-money laundering controls, disclosure, and fitness and propriety standards.
"The Ordinance adheres to the ‘same activity, same risks, same regulation’ principle, with a focus on a risk-based approach to promote a robust regulatory environment," Christopher Hui, Secretary for Financial Services and the Treasury, said in a statement. 0 reply
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