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first_img Bitget is in talks with Wall Street giants like BlackRock for distribution cooperation in Asia

According to CoinDesk, Bitget CEO Gracy Chen told CoinDesk that Bitget is in talks with several large global financial institutions, including BlackRock, to help expand the distribution of digital asset products in Asia. Gracy Chen cited BlackRock, the world's largest asset management company, as an example, stating that it hopes to expand the distribution of tokenized ETFs in Asia and mentioned, "We maintain very close communication with BlackRock regarding distribution in the Asian market."A spokesperson for BlackRock responded that the company's cryptocurrency exchange-traded products (ETPs) have been launched in Asia and confirmed that it regularly collaborates with virtual asset service providers on different projects, but did not comment on specific expansion plans in the Asian market. According to an OECD report, as of June 2025, the trading volume of blockchain cryptocurrency assets in Asia is expected to grow by 69% year-on-year, the highest growth rate among all global regions.BlackRock manages assets totaling $11.6 trillion. At the 2026 Hong Kong Consensus conference, Nicholas Peach, head of BlackRock's Asia-Pacific iShares division, stated that Asian household wealth is approximately $108 trillion, and even if only 1% is allocated to cryptocurrency assets, it could lead to nearly $2 trillion in inflows. Bitget has 125 million registered users globally, with about half located in East Asia and Southeast Asia. Company data from Q1 2026 shows that 52% of users hold both cryptocurrencies and traditional stocks.

hot_img In the first half of the year, cryptocurrency TradFi transactions exceeded $1.3 trillion, with the exchange landscape shifting from a unipolar concentration to a multipolar distribution

According to a research report published by RootData Research, the total trading volume of mainstream cryptocurrency exchanges in the TradFi sector surpassed $1.3 trillion in the first half of 2026, nearly a tenfold increase compared to the entire year of 2025, with TradFi derivatives accounting for over 98%, becoming the core engine driving the explosive growth of the sector.The exchange landscape is shifting from "unipolar concentration" to multipolar competition. Binance, while maintaining a leading position in the TradFi sector with a cumulative share of 68.3%, saw its monthly trading volume share decline from 78.8% at the beginning of the year to 58.2% in August. Meanwhile, second-tier exchanges such as OKX, Gate, and Hyperliquid are rapidly expanding, with market shares of 18.2%, 10.7%, and 9.9% respectively in August.In the core submarket of stock derivatives, entering August, Binance still dominated with an average daily trading volume of $14.927 billion; OKX established an advantage in trading costs with the industry's lowest spread of 0.0091%, achieving a comprehensive score tied for second with Gate. Gate has recently shown independent growth, recording four consecutive months of triple-digit month-on-month growth from May to August, and in mid-August, its ±2% weighted depth ranked first in the industry for 11 consecutive trading days. The competitive logic of the TradFi sector may be shifting from a battle for traffic to a competition across comprehensive dimensions such as position size, market depth, trading costs, and variety coverage.

first_img SMIC's revenue in the first half of 2026 was 38.635 billion yuan, with a year-on-year increase of 94.2% in net profit attributable to the parent company

SMIC (Hong Kong Stock 00981, A Share 688981) released its semi-annual report for 2026. The reporting period is from January 1, 2026, to June 30, 2026, and is unaudited. The company achieved operating revenue of 38.635 billion RMB, a year-on-year increase of 19.4%; total profit of 7.133 billion RMB, a year-on-year increase of 96.7%; net profit attributable to shareholders of the listed company of 4.467 billion RMB, a year-on-year increase of 94.2%; net profit attributable to the parent company after deducting non-recurring gains and losses of 2.994 billion RMB, a year-on-year increase of 57.2%.During the same period, the net cash flow generated from operating activities was 20.760 billion RMB, a year-on-year increase of 252.0%; earnings before interest, taxes, depreciation, and amortization (EBITDA) was 24.511 billion RMB, a year-on-year increase of 40.7%. The gross profit margin was 23.2%, an increase of 1.3 percentage points compared to the same period last year; the net profit margin was 16.7%, an increase of 6.3 percentage points; basic and diluted earnings per share were both 0.56 RMB, a year-on-year increase of 93.1%. The board of directors approved the submission of this report on August 27, 2026, and the company has no profit distribution or capital reserve transfer plan.

Standard Chartered Bank becomes the first bank to distribute Hong Kong dollar stablecoins

According to CoinDesk, Standard Chartered Bank, headquartered in London with assets of $850 billion, announced that it will become the first bank to distribute Hong Kong-regulated stablecoins. The institution stated in an email announcement released on Monday that it will first assist its eligible institutional clients and partners in integrating the Hong Kong dollar stablecoin HKDAP issued by Anchorpoint Financial, of which Standard Chartered is the majority shareholder.Standard Chartered also indicated plans to launch several new HKDAP commercial applications within the next month, with use cases including market fund subscriptions, settlements with asset management managers, inter-departmental settlements within the bank's global network, and cross-border payments. Anchorpoint Financial began a limited rollout of HKDAP on August 12, having just obtained one of the first two issuance licenses in Hong Kong four months prior. The initial rollout will focus on institutional payments and settlements, with more access channels and cross-border applications to be added later.Another licensed institution, HSBC, is preparing to launch its stablecoin in the second half of 2026 and may distribute it through PayMe, which has 3.3 million users. Additionally, Kraken's parent company Payward has expanded its stablecoin business in Hong Kong through a $600 million acquisition of Reap Technologies.

first_img Gemini reaches an agreement with Apex to expand the distribution of the prediction market

According to CoinDesk, the cryptocurrency platform Gemini, founded by the Winklevoss twins, announced that it has signed a letter of intent with Apex Fintech Solutions to distribute regulated crypto prediction market contracts to brokerage clients through Apex's futures commission merchant (FCM). Under the arrangement, the subsidiary Gemini Titan will become the exclusive regulated trading venue for distributing crypto event contracts via Apex FCM, with Gemini responsible for execution and clearing, allowing brokers using Apex to offer related products without having to build their own connections to the prediction market exchange.This collaboration builds on Gemini's efforts to advance regulated prediction market layouts. Gemini Titan received a CFTC-designated contract market license in December 2025, and Gemini Olympus obtained a derivatives clearing organization license in April 2025. The two parties already have a foundation for cooperation, as Gemini launched commission-free stock trading for some U.S. clients in July, with Apex Clearing Corporation serving as the custodian and clearing broker. The company expects to finalize details in the coming weeks.Gemini CEO Tyler Winklevoss stated that he believes prediction is the future of the market. The report also mentioned the overall growth in trading volume in prediction markets, as well as the prediction market-related Command Center AI feature previously launched by Gemini.

Analysis: Cryptocurrency card spending exceeds $1 billion, with USDC and USDT contributing over 70%

According to CoinDesk, cryptocurrency card spending reached $1.04 billion in July, more than doubling compared to the same period last year. Dollar stablecoins (USDC and USDT) funded 70% of over 10 million transactions, with the average payment amount rising from $59 last year to $86, indicating that users are shifting from large-scale cash-outs to everyday spending, such as groceries, rideshares, and takeout.Emerging markets have become the main growth driver. Data from Visa partner StraitsX shows that total transaction volume in low GDP markets grew by about 600% from March 2025 to February 2026, while high GDP markets only grew by 150%. In Latin America, active users of Oobit in Brazil spend about $400 per month, with grocery stores accounting for 35% of their regional activity; in Argentina, 72% of payments use USDT, with food making up 41% of transactions.Market concentration remains high, with the three platforms RedotPay, EtherFi, and KAST collectively accounting for about 77% of the total tracked volume in July. Visa stated that there are currently over 160 card projects associated with stablecoins launched or in development worldwide. The number of Binance card users in Brazil has increased by 53% since its launch quarter, and Kraken's Krak Card payment frequency has doubled over the past year to 8.3 times per user per week.
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