Apeiron embraces competitiveness to drive Web3 gaming growth

cryptobriefing.com Web3 game Apeiron announced the start of its Guild Wars tournament on May 21, featuring a $1 million prize pool. The competition will start with different regional online…

Mayors travel to China to promote economic strengths, attract investors

siliconvalley.com Businesses in China may have never heard of East Contra Costa County, but they soon will as a small group of Bay Area mayors, including ones from Antioch and Oakley, are…

BREAKING: SEC Primed To Approve Ethereum ETFs This Week, Report Claims

bitcoinist.com In a significant departure from their previous skeptical stance, US regulators are reportedly leaning toward approving the long-awaited spot Ethereum ETFs for the…

3 Metaverse Stocks to Buy on the Dip: May 2024

investorplace.com Here are just a few top metaverse stocks to buy on weakness Don’t count Metaverse stocks to buy out just yet. Meta Platforms (NASDAQ:META) is shifting its focus on building…

Russia outsmarts Western sanctions

economist.com Nazem Ahmad, an art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but…

China’s stockmarket nightmare is nowhere near over

economist.com Running China’s securities watchdog is a perilous job. A market rout can end your career, or worse. On February 7th, after weeks of stockmarket instability, Yi Huiman, the…

Multipool Partners with BSO Enabling Ultra-fast Low Latency Trading

cryptopotato.com [PRESS RELEASE – Majuro, Marshall Islands, May 21st, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces corporate partnership with…

Alchemy Pay Set to Launch Web3 Digital Banking Solution for Enterprises

alchemypay.medium.com Alchemy Pay, the leading fiat-crypto payment solution provider, is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3…

Peter Schiff Doing Peter Schiff Things: Explains How Ethereum ETFs Will Be Bad for Bitcoin

cryptopotato.com The popular gold bug continues with his barrage against bitcoin, but his latest warning came amid times of price resurgence as the cryptocurrency skyrocketed above $70,000.…

Lianhe Sowell Eyes Big Potential For Machine Vision AI With U.S. IPO Plan

benzinga.com Lianhe Sowell is seeking to raise $12 million through a U.S. IPO, with plans to spend some of the funds towards expanding its R&D workforce • The machine vision company has…

Eli Lilly Secures China Nod For Popular Weight Loss/Diabetes Drug Tirzepatide Why Is Eli Lilly Stock Trading Higher On Tuesday?

benzinga.com On Tuesday, Eli Lilly And Company LLY announced that Chinese regulators have approved its diabetes drug tirzepatide. This approval sets the stage for heightened competition…

It’s High-Time for High Yield

institutionalinvestor.com The story of high yield as the asset class to watch was long touted throughout 2023, and its endurance throughout Q1 of this year is telling the larger story of how strong…

Hex Trust Group launches, USDX, the first native stablecoin on Flare Network

coinjournal.net Hex Trust launches USDX, the first native stablecoin on Flare, backed 1:1 by USD. USDX can be staked in Clearpool’s T-Pool for real-world yield without lock-ups. USDX aims…

Janet Yellen urges EU to join US in curbs on cheap Chinese exports

theguardian.com Janet Yellen, the US treasury secretary, has urged the EU to intervene urgently to dampen the growing export levels of Chinese cut-price green technology including solar…

Xpeng trims net loss in first quarter as deliveries, margins increase and licensing fees from VW jump

scmp.com The firm incurred a 1.37 billion yuan (US$191.2 million) loss in the three months to March 31, versus 2.34 billion yuan in the same period last year, according to a Hong…

Crypto exchanges exit Hong Kong license race ahead of May deadline

cointelegraph.com The queue of crypto exchanges for operational licenses in Hong Kong is shrinking as seven exchanges, including IBTCEX and Huobi HK, withdraw applications ahead of the May 31…

Apple slashes iPhone prices in China for the second time this year as local competition pressures its sales

aol.com Apple just launched another round of discounts in China, an out-of-character move for the company as it tries to maintain its position in the world’s second-largest economy.…

Futures Flat As Investors Wait For Nvidia Earnings; Ethereum Soars

zerohedge.com Futures Flat As Investors Wait For Nvidia Earnings; Ethereum Soars US futures are flat, reversing earlier losses, with European bourses and Asian markets all lower as the…

Cronos zkEVM Testnet Upgrades to Tethys Ahead of Mainnet Launch

cryptopotato.com [PRESS RELEASE – Hong Kong, Hong Kong, May 21st, 2024] Cronos has announced an upgrade to its zkEVM testnet to the latest major release known as Tethys. Its introduction…

Announces Vessel Sale-Leaseback Deal

tipranks.com Shipping Company Limited (HK:3877) has released an update. CSSC (Hong Kong) Shipping Company Limited has announced the sale and su...

AEON Stores Corrects Share Disposal Figures

tipranks.com Co., Limited (HK:0984) has released an update. AEON Stores (Hong Kong) Co., Limited has issued a supplemental announcement ...

Hong Kong’s property market rebound is bittersweet pill for homebuyers as attainability measures seen weakening

scmp.com “The government is trying to stimulate the housing market by reducing the cost of home purchases,” said Ken Rhee, CEO of Huhan Advisory and co-author of the report. “By the…

Hex Trust launches first native stablecoin USDX on Flare blockchain

cryptobriefing.com Hong Kong-based crypto custodian Hex Trust Group has issued USDX, the first native stablecoin on Flare Network, an EVM-based layer 1 blockchain. The stablecoin will be…

Chinese online shopping festival kicks off with steep Apple discounts

asia.nikkei.com The iPhone 15, displayed at an Apple Store in Beijing, is available at deep discounts on Alibaba's Tmall as well as other platforms as a Chinese shopping festival gets into…

Spot Ethereum ETF approval possible tomorrow keeping BlackRock 10 year approval streak alive

cryptoslate.com The SEC could approve a spot Ethereum ETF as early as this week, marking a significant shift in regulatory stance. Bloomberg analysts Eric Balchunas and James Seyffart have…

Tencent Music Entertainment Group to Hold Annual General Meeting on June 28, 2024

benzinga.com SHENZHEN, China, May 21, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") TME, the leading online music and audio entertainment platform in…

China Regulators Approve Eli Lilly’s Diabetes Drug Tirzepatide

asiafinancial.com American pharmaceutical giant Eli Lilly said on Tuesday that its diabetes drug tirzepatide has won approval from Chinese regulators. The news means it will compete with Novo…

Seized Hong Kong Peak mansion linked to China Evergrande founder Hui Ka-yan sells at 40% discount for US$58 million

scmp.com In March 2023, receivers put the asset up for sale to recover unpaid bills after the home was seized by China Construction Bank (Asia) in November 2022. The 5,171 sq ft…

Hang Seng Dips as Tech Weighs, Nikkei Drops on Rate Uncertainty

asiafinancial.com Asia stocks were in retreat on Tuesday with investors nervous ahead of the latest Fed signals on interest rates, while Beijing’s “historic” batch of support measures for its…

Bitcoin Price Prediction as BTC Blasts Toward All-Time High

cryptonews.com Bitcoin Price Prediction Bitcoin price predictions are gaining significant attention as the cryptocurrency’s value approaches its all-time high. Recent surges have propelled…

Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare

coindesk.com None USDX stakers will receive a real world yield and cUSDX in return. • None The stablecoin is backed at a 1:1 ratio against the dollar or equivalently valued assets. Hong…

Goldman Sachs leads bulls on Chinese stocks, but others remain cautious

scmp.com On the flip side, Morgan Stanley said that earnings growth for Chinese companies will be disappointing this year and next, and JPMorgan Private Bank is even more…

Stock market today: Asian shares mostly decline after Nasdaq ticks to a record high

aol.com Asian shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. Japan's benchmark Nikkei 225 fell 0.2% to…

Hong Kong spot ether ETFs recorded no net flows Monday as US approval anticipation grows

theblock.co The three spot ether exchange-traded funds in Hong Kong recorded zero flows on Monday.

Bitcoin ETF Inflows At 7 Times Daily Supply, GBTC Inflows Continue

coingape.com The Bitcoin ETF market started the week on a positive note with more than $237 million inflows registered by all eleven spot Bitcoin ETFs on Monday, May 20. In the last 24…

‘Monkey Man’ Action Specialist Brahim Chab Boards Pedring Lopez’s ‘Blood Passage’

variety.com Action choreographer Brahim Chab, who recently staged the action sequences for Deve Patel’s “Monkey Man,” has joined the crew of “Blood Passage.” To be directed by The…

Hong Kong will keep watching internet platforms for non-compliance with ban on protest song

apnews.com Hong Kong's leader said Tuesday his administration would keep monitoring for any non-compliance with a court order that bans a popular protest song, days after YouTube…

Bitcoin Inflows Hit $942 Million as Investor Confidence Grows: CoinShares

cryptopotato.com Digital asset investment products surged for the second consecutive week, reaching a total of $932 million. Despite an increase in inflows, the trading volume for the week…

Li Auto Shares Shed 19% on Weak Earnings, Tough Outlook

wsj.com Shares fell sharply in Hong Kong after the Chinese hybrid-vehicle specialist unveiled weaker-than-expected earnings and guidance following a lackluster launch of its first…

Hong Kong’s resolve to become a global innovation hub

multimedia.scmp.com In August 2023, Hong Kong Chief Executive John Lee Ka-chiu pledged to work towards making a cross-boundary science and technology hub a reality by 2035. Lee also proposed…

Why Bitcoin Price is Up Today? BTC Price Surge Above $70K

coinpedia.org The post Why Bitcoin Price is Up Today? BTC Price Surge Above $70K appeared first on Coinpedia Fintech News Amid the ongoing crypto bullish recovery from a two-month…

China's sweeping measures to prop up the property sector will need time to show results

cnbc.com BEIJING — China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to its…

David Bailey, CEO of Bitcoin Inc., Reflects on His Company’s Transformational Pivot to Bitcoin and More

news.bitcoin.com David Bailey, CEO of Bitcoin Inc., took time out of running the Bitcoin Asia Conference in Hong Kong to sit down with Bitcoin.com’s COO, Jason Sheman. The conversation…

Hong Kong stocks retreat as rally cools on corporate earnings concerns

scmp.com EV maker Li Auto’s plunged 17.4 per cent to HK$82.55, the biggest drop in over two years, after it reported a 37 per cent decline in first quarter earnings to 591.1 million…

China plastics probe hits EU, U.S., Japan, Taiwan: 5 things to know

asia.nikkei.com HONG KONG -- China's Ministry of Commerce has initiated an anti-dumping investigation into a chemical product called polyformaldehyde (POM) copolymer, exported by companies…

Hong Kong an ideal fundraising hub for AI start-ups helped by its connector role, large pool of wealthy investors: European venture firm

scmp.com Barthelemy is no stranger to Hong Kong. He was the French Consul General in Hong Kong from 2011 until 2015, after which he quit politics to join the financial sector. His…

Hong Kong Police Arrest Three in ‘Hell Money’ Cryptocurrency Scam

news.bitcoin.com Hong Kong police have arrested three men at a currency exchange shop in Tsim Sha Tsui, a major tourist area, for allegedly presenting “hell money” to a customer, leading the…

Hong Kong a rising contributor in Greater Bay Area’s research in strategic fields like AI and biomedicine, report says

scmp.com The GBA is Beijing’s plan to integrate Hong Kong, Macau and nine cities in southern Guangdong province into a new powerhouse – with more than 86 million people combined –…

Hong Kong discount on dual-listed Chinese firms’ shares hit 15-month lows

scmp.com At the current levels, the H shares of 156 dual-listed companies, including the likes of Industrial and Commercial Bank of China and Ping An Insurance Group, trade at an…

Case Study: Enabling Bitcoin as a Medium of Exchange at the Bitcoin Asia Conference in Hong Kong

bitcoinmagazine.com The Bitcoin Asia conference held on May 9 and 10, 2024 in Hong Kong demonstrated a significant milestone in the adoption of bitcoin as a legitimate medium of exchange. This…

Global crypto firms turn to Hong Kong for refuge

techcrunch.com With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the space are looking overseas to find friendlier climates to support their…

Institutions Pour $932,000,000 Into Crypto Products Amid Prospect of Interest Rate Cuts: CoinShares

dailyhodl.com Digital assets manager CoinShares says institutions poured nearly a billion dollars into crypto products last week in response to Consumer Price Index (CPI) data. In its…

Institutions Ramp Up Crypto Exposure As Weekly Volume Plummets: CoinShares

thedefiant.io Large entities recorded inflows of $932 million, mostly in response to U.S. CPI data. Weekly inflows into digital asset funds climbed by the most since late March even as…

TREASURE Drops Its First Collection With Uniqlo: Shop the Collab Before It Sells Out

billboard.com All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the…

US Bitcoin ETFs Drive Over $1B Inflows for Global Crypto Investment

thecryptobasic.com The U.S. has dominated the global crypto investment market, with inflows exceeding $1 billion, largely buoyed by Bitcoin. According to CoinShares’ latest market analysis,…