Global

Hong Kong is setting its sights on emerging technologies like decentralized finance (DeFi) and the metaverse to solidify its position as a global fintech leader. A recent push by the Hong Kong Institute for Monetary and Financial Research (HKIMR) highlights the potential of these areas.

The Global Digital Asset Classification Committee (Global DCA), a prominent standard-setting organization in the cryptocurrency industry, has established a subcommittee tasked with developing a comprehensive disclosure framework for crypto assets.

Stacks (STX), the cryptocurrency that powers the Stacks blockchain, has experienced a significant surge in price over the past day. According to CoinMarketCap data, STX is currently trading at around, representing an increase of roughly 8% within the last 24 hours. This positive movement comes after a period of relative stagnation for the token.

SushiSwap (SUSHI), the decentralized exchange token, is hinting at a potential rally towards $0.85 as demand appears to be picking up.

Holders of digital assets, rejoice! WinDAO, a decentralized finance (DeFi) platform, has launched its highly anticipated DApp staking feature. This exciting development allows users to lock up their crypto holdings and earn rewards in return.

The once booming market for non-fungible tokens (NFTs) has hit a rough patch, with sales volume plummeting 45% in the second quarter of 2024. This follows a strong first quarter that saw continued momentum from late 2023. Data from CryptoSlam reveals a drop from $4.1 billion in sales in Q1 to just $2.24 billion in Q2.