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More →Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline. Standard Chartered-backed stablecoin venture Anchorpoint says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users, declining to confirm a launch date after rival HSBC rolled out RedCoin, <a href="https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches" rel="nofollow noopener" target="_blank">>according</a> to the South China Morning Post. The <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">venture</a> released its institutional stablecoin product in August and previously <a href="https://anchorpoint.hk/faqs/" rel="nofollow noopener" target="_blank">>indicated</a> a retail offering could arrive as early as the end of 2026. Anchorpoint CEO Dominic Maffei declined to confirm that timeline at a Friday press conference, saying the company would take a prudent approach. “We believe it’s important to build the market out in a long-term, sustainable manner,” Maffei said, adding that rushing a launch “does not make sense.” The update comes after <a href="https://cointelegraph.com/news/hsbc-launches-redcoin-hong-kong-dollar-stablecoin-payme" target="_blank" rel="nofollow">HSBC launched its Hong Kong dollar-backed RedCoin</a> on Friday for the 3.3 million users of its PayMe app. <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">Anchorpoint grew out of a partnership</a> between Standard Chartered, Animoca Brands and telecommunications provider HKT, which was announced in February 2025, following their joint participation in Hong Kong’s stablecoin issuer sandbox in July 2024. Animoca’s role is to bring its blockchain expertise and industry network to the venture and help develop uses for the stablecoin across the Web3 ecosystem. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/hashkey-begins-beta-distribution-of-hong-kong-regulated-hkdap-stablecoin" target="_blank" rel="nofollow"><em><strong>HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin</strong></em></a>
Cailian Press, October 26 — The central bank conducted 56 billion yuan of 7-day reverse repurchase operations today at an interest rate of 1.40%. It also conducted 398 billion yuan of overnight reverse repurchase operations.
BiJie Network News, Cailian Press, October 26: The central bank today conducted 56 billion yuan of 7-day reverse repurchase operations at an interest rate of 1.40%. At the same time, it conducted 398 billion yuan of overnight reverse repurchase operations.
BTC liquidations totaled $17.1976 million over the past 24 hours.
According to Bijie.com data, BTC liquidations over the past 24 hours totaled approximately $17.1976 million, with 1,474 liquidation orders recorded. This represents a decrease of 85.4% compared with the same-caliber snapshot 24 hours earlier, and a decrease of 74.62% compared with the same-caliber snapshot 7 days earlier.
The air defense system intercepted and destroyed a ballistic missile launched by the Houthis toward Riyadh.
Saudi-led coalition: Air defense systems intercepted and destroyed a ballistic missile launched by the Houthis toward Riyadh.
CZ：BNB Chain新L1计划将与BSC并存
CoinWorld news: CZ quoted a tweet about BNB Chain's new L1 plan and said, "Multiple chains, one coin." According to the tweet, which cited BNB Chain's official documentation, the new L1 will coexist with BSC, connected via a native cross-chain bridge, will not issue a separate token, and will continue to use BNB for transaction fees, staking, and governance. The name of the new chain is yet to be determined. It targets 200 ms block times and approximately 20 ms transaction pre-confirmation. An internal multi-validator devnet is already running, with a testnet planned for launch by the end of 2026 and a mainnet in early 2027.
The long-short account ratio for BTC contracts is 2.17.
Bijie.com data: The BTCUSDT 4-hour long-short account ratio is 2.17, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it is down 0.0356; compared with the same-caliber snapshot 7 days ago, it is up 0.4071.
The California Department of Financial Protection and Innovation opposes the SEC's crypto fundraising exemption proposal.
CoinWorld news: The California Department of Financial Protection and Innovation submitted a comment letter to the U.S. Securities and Exchange Commission, opposing its cryptocurrency fundraising exemption proposal, arguing that the plan weakens investor protection and limits state-level review authority. Commissioner KC Mohseni stated that California opposes federal regulators eroding state-level regulatory authority and protective measures. The proposal would allow issuers to raise up to $5 million within four years, or up to $75 million within 12 months. Ripple, Coinbase, and Nasdaq support adjusting the proposal. The California Department of Financial Protection and Innovation noted that its scam tracking list added nearly 200 cryptocurrency-related scams, an increase of 30% over the previous year.
California financial regulators oppose SEC cryptocurrency plan, warning it could weaken investor protections.
The California Department of Financial Protection and Innovation (DFPI) has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing its "regulation crypto assets" proposal, stating that the plan could weaken investor protection and limit state government review of issuance projects. DFPI Commissioner KC Mohseni said California opposes federal regulators weakening state-level regulatory authority and protective measures. The proposal would allow eligible issuers to raise up to $5 million over four years through a startup exemption, while another crypto fundraising exemption would allow issuers to raise up to $75 million within 12 months. Relevant issuances would need to disclose the project, risks, and other information necessary for investors to evaluate, and some fundraisings would also require submitting financial statements and ongoing reporting. Federal securities laws still preserve states' authority to investigate securities fraud, deceptive practices, and illegal broker or dealer conduct. Blockchain payments company Ripple, crypto exchange Coinbase, and exchange operator Nasdaq all support adjusting the proposal. The DFPI said its scam tracker list has added nearly 200 crypto-related scams, an increase of 30% from the previous year.
Standard Chartered and Animoca Brands form joint venture Anchorpoint to advance Hong Kong dollar stablecoin services.
CoinWorld news, according to Cointelegraph: Anchorpoint, a joint venture formed by Standard Chartered Bank, Animoca Brands, and HKT, will prudently advance its retail-facing Hong Kong dollar stablecoin services. The company previously said it could open services to retail users as early as the end of 2026, but CEO Dominic Maffei did not confirm that timeline at a press conference, stating that the market should be developed in a long-term, sustainable manner and that a rushed launch would not be reasonable. Anchorpoint launched its institutional stablecoin product in August.
The most recent funding rate for the SOL perpetual contract is 0.009298%.
CoinWorld data: The most recent funding rate for the SOLUSDT perpetual contract is 0.009298%, with longs paying shorts. Compared with the same-methodology snapshot 24 hours ago, it rose by 0.0014 percentage points; compared with the same-methodology snapshot 7 days ago, it rose by 0.0048 percentage points.