HashKey Launches DAT Fund Bridging TradFi and Crypto

HashKey Group, Asia’s leading digital asset financial services group, today announced a major initiative in the Digital Asset Treasury (DAT) sector, with plans to launch Asia’s largest multi-currency DAT ecosystem fund for the global market. By spearheading, investing in, and operating top-tier DAT projects worldwide, HashKey aims to promote standardized management of crypto assets and drive the sustainable growth of the Web3 ecosystem. The fund is designed around DAT strategies and stands out as a perpetual vehicle aligned with the long-term operational goals and...

Futu Reports Q2 2025: Net Income Up 105% to $339M

Moomoo’s parent company, Futu Holdings Ltd., a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q2 2025 earnings with US$676.6 million in revenues, up 69.7% year-over-year (“YoY”), and US$338.8 million in non-GAAP adjusted net income, up 105.2% YoY. As of June 30, 2025, the Company reported 27.12 million registered users, 5.24 million brokerage accounts and 2.88 million funded accounts. The Company’s total client assets surged to US$124 billion, demonstrating an accelerated growth of 17% quarter-over-quarter (“QoQ”)...

Bybit Introduces Global Credit Incentive for TradFi Platform Adoption

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is launching a global campaign to accelerate adoption of its newly enhanced Bybit TradFi platform. Previously known as Gold & FX, the revamped service enables users to trade traditional financial instruments such as gold, forex, stock CFDs, commodities, and indices — all seamlessly integrated within the Bybit app and MT5 platform. Since its soft launch, Bybit TradFi has seen exceptional early engagement. To build on this momentum, Bybit is offering...

Pharos Network Unveils Layer 1 Testnet to Unlock RWA Adoption

Pharos Network, a high-performance blockchain built for real-world assets, announced the launch of its Testnet. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of decentralized applications, enables efficient payment solutions, and unlocks new use cases for tokenized assets. The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark...

Ripple to Acquire Hidden Road for $1.25B in Major Crypto Deal

Ripple will inject billions of dollars of capital to provide immediate scale and satisfy the demand for Hidden Road’s prime brokerage, clearing and financing platform RLUSD becomes the first stablecoin to enable efficient cross-margining between digital assets and traditional markets, reinforcing its position as a premium enterprise-grade USD-backed stablecoin Hidden Road to migrate post-trade activity across XRP Ledger (XRPL) demonstrating its potential as the go-to blockchain for institutional decentralized finance (DeFi) Ripple, the leading provider...

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