Family offices in Hong Kong intend to boost allocations towards private equity and digital assets, driven by rising interest in unlisted assets among wealthy families, according to a report by the Hong Kong Financial Research Centre.
Archives: Fast News
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XRP ETFs accumulate $1.4 billion in inflows despite price pullback
XRP exchange-traded funds have received $1.4 billion in cumulative inflows since their launch, signaling sustained institutional interest in regulated XRP exposure. The inflow pattern persists despite a notable decline in XRP’s price, suggesting that demand from larger investors remains independent of recent price movements. Data indicates that institutional adoption of XRP through ETF vehicles continues to develop, with the cumulative inflows reflecting ongoing appetite for this investment vehicle in the regulated market.
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Stablecoin market reaches $312B as institutions adopt blockchain payments
The stablecoin market has grown to $312B as regulatory clarity and institutional adoption accelerate blockchain-based settlement. Banks and card networks are increasingly integrating onchain dollars into their infrastructure, signaling a shift from stablecoins being primarily used for crypto trading to becoming part of mainstream payments systems. This expansion reflects broader institutional confidence in blockchain technology for financial infrastructure.
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Machi invests an additional 250,000 USD into HyperLiquid to boost his long positions in ETH
On March 10, Machi deposited 250,000 USD into HyperLiquid, enhancing his long positions in ETH with a leverage of 25 times.
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Pentagon unveils Google AI agents to streamline non-classified tasks
On March 10, the U.S. Department of Defense announced Google’s integration of AI agents for automating routine tasks. Emil Michael, a top official, revealed that the Gemini AI can perform assigned tasks independently, initially focusing on unclassified networks.
Google VP Jim Kelly emphasized that this innovation empowers personnel to create AI agents using natural language, improving operational efficiency. Notably, Google has faced backlash over prior collaborations on military projects.
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Western Union launches stablecoin as corporate digital currency adoption accelerates
Western Union has launched USDPT, a stablecoin pegged to the US dollar, joining other major financial institutions in the digital currency space. The move follows Fidelity’s recent launch of FIDD (Fidelity Digital Dollar), designed for both retail and institutional investors. These launches reflect growing interest from established financial companies in blockchain-based payment infrastructure.
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Trust Wallet adds real-time scam address checks across 32 EVM chains
Trust Wallet has launched address poisoning protection across 32 EVM chains, introducing real-time scam address screening to help users avoid fraudulent transactions. The feature adds an additional security layer as wallet security threats continue to evolve, allowing users to identify and avoid known malicious addresses before completing transfers.
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Robert Kiyosaki warns of potential financial crisis, mentions Bitcoin
Financial writer and investor Robert Kiyosaki has issued a warning about a potential financial crisis and referenced Bitcoin in his assessment. Kiyosaki, known for his best-selling book “Rich Dad Poor Dad,” has previously highlighted concerns about economic instability. His comments reflect ongoing debate among investors about macroeconomic risks and the role of alternative assets like Bitcoin in portfolio diversification.
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World’s Richest: Billionaire Pham Nhat Vuong Ranked 93rd, Surpassing Samsung Chairman; 2 “Female Leaders” from Vingroup Debut
According to Forbes’ latest rankings, billionaire Pham Nhat Vuong, chairman of Vingroup, holds a net worth of $27.7 billion, placing him 93rd among the world’s richest, surpassing Samsung’s Jay Y. Lee. Two female members from Vingroup also debut on the list: Pham Thu Huong at 1406 with $3 billion and Pham Thuy Hang at 1982 with $2.1 billion. Additionally, Nguyen Thi Phuong Thao ranks 1011 with $4.2 billion, Trần Đình Long from Hòa Phát at 1440 with $2.9 billion, Hồ Hùng Anh at 1676 with $2.5 billion, and Ngô Chí Dũng and Nguyễn Đăng Quang at 3017 with $1.2 billion. These Vietnamese billionaires demonstrate stability through their businesses in aviation, industry, banking, and services.
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BNB Chain processes significant volume of global stablecoin transactions
A report from March 10th highlights that BNB Chain processes nearly 40% of the global stablecoin transaction volume, with 82% of these transactions involving amounts below 1,000 USD, showcasing their functionality in crisis economies and daily exchanges.