DeepNewz
Regulation & Politics
Hong Kong Passes Stablecoin Bill With HKMA Oversight, Six-Month Grace Period for Fiat-Backed Issuers
The Legislative Council of the Hong Kong Special Administrative Region passed the Stablecoins Bill on May 21, 2025, establishing a licensing regime for fiat-referenced stablecoin (FRS) issuers in the city
TradFi & Fintech
R3’s Corda Integrates With Solana to Enable $10 Billion in Tokenized Assets for HSBC, SDX, Euroclear on Public Blockchain
R3, the enterprise blockchain company behind the permissioned Corda platform, is integrating with Solana, one of the world's most widely used public blockchains
Hacks
Sui’s Cetus DEX Exploited, About $11 Million Drained as Tokens Plunge 75%
Cetus Protocol, the largest decentralised exchange and liquidity provider on the Sui blockchain, suffered a major security breach on 22 May
Regulation & Politics
Texas House Passes Senate Bill 21 to Establish Bitcoin Reserve, Awaiting Governor's Signature in 20 Days
The Texas House of Representatives has passed Senate Bill 21, introduced by Sen
Regulation & Politics
Russia Introduces Bill Classifying Bitcoin and Crypto as Property for Seizure Under Criminal Code
The Russian Ministry of Justice has introduced a new bill aiming to classify Bitcoin and other cryptocurrencies as property under the Criminal Code
Markets
Ethereum Projected to Surpass $1 Trillion Market Cap and Emerge as World Reserve Asset in 2025
Ethereum (ETH) is being discussed as a potential world reserve asset, with projections indicating that its market capitalization could surpass $1 trillion within the year 2025
Markets
Bitcoin Hits $109,856, Surpasses Amazon and Google to Become Fifth-Largest Asset and Eighth-Largest Currency
Bitcoin has surpassed Amazon and Google to become the fifth-largest asset in the world by market capitalization
