The post HSBC Names New Hong Kong Stablecoin ‘RedCoin’ as Launch Nears appeared first on Coinpedia Fintech News

HSBC, Hong Kong’s largest bank, has named its upcoming Hong Kong dollar-backed stablecoin HSBC RedCoin, marking a major step into digital payments.  The bank plans to launch the stablecoin before the end of 2026, starting with everyday transfers and merchant payments before expanding into corporate and institutional use. HSBC RedCoin to Start With Retail Payments …

The post October Fed Rate Hike Odds Drop to 44% After Williams’ Dovish Remarks appeared first on Coinpedia Fintech News

October Fed rate hike odds have taken a sharp U-turn after New York Fed President John Williams said there is no need to rush another rate increase. Odds of a 25-basis-point hike have dropped from above 70% to around 44%. The shift could give Bitcoin and the wider crypto market some much-needed relief. Williams Pushes …

The post XRP News Today: Community Asks Why Ripple’s Brazil Deal Isn’t Lifting The XRP Price appeared first on Coinpedia Fintech News

A licensed securities depository has put ownership records on a public blockchain for the first time. Brazil’s CSD BR, which holds more than BRL 22 trillion in registered assets, has begun mirroring investment fund shares on the XRP Ledger under the first phase of a partnership with Ripple announced on September 29. The rollout starts …

The post Illinois to Tax Crypto Trades 0.2%—Even on Losing Trades appeared first on Coinpedia Fintech News

On September 29, the Illinois Department of Revenue officially released a draft outlining details of its Digital Asset Tax Act (DATA). Notably, Governor J.B. Pritzker signed the unparalleled bill into law on June 16 as part of the state’s fiscal 2027 budget bill (SB 3019).  Illinois mandates 0.2% crypto transaction tax Most states have defaulted …

The post BUIDL Leads US Treasury Debt RWA Returns With 371.98% appeared first on Coinpedia Fintech News

The BUIDL fund is sitting at the top of the US Treasury debt RWA screener on RWA.xyz for 30-day returns, according to the provided dashboard data. Its 1M return stands at 371.98%, while active addresses and holders are also rising. BUIDL Leads US Treasury Debt RWA Returns The RWA.xyz asset screener shows 92 US Treasury …

The post ₹146 Crore Hashpe Crypto Scam: Cruise Parties, Bollywood Events And Luxury Cars appeared first on Coinpedia Fintech News

The Enforcement Directorate has arrested two more people in the Hashpe cryptocurrency fraud case, taking the number of accused in custody to four. ED’s Chennai Zonal Office-II detained Syed Usman, also known as Babu, and Dhamodharan Balachandran on September 22 under Section 19 of the Prevention of Money Laundering Act, 2002. Both were produced before …

The post RWA Distributed Asset Value Hits $38.45B as Top Chains Lead appeared first on Coinpedia Fintech News

The RWA distributed asset value has reached $38.45 billion, while rising active addresses point to increasing activity around real-world assets. The latest data also puts Ethereum, BNB Chain and Solana at the front of the RWA market. Ethereum Still Controls The Largest RWA Share Ethereum leads with 2,696 RWA count and $16.5 billion in distributed …

The post Sui Price Prediction: Raoul Pal Says The Token Isn’t Priced For What’s Coming appeared first on Coinpedia Fintech News

Raoul Pal expects the smart contract market to shrink to a handful of winners, and he places Sui among them. Speaking on the Milk Road podcast, the Real Vision co-founder, who sits on the board of the Sui Foundation, said the token is not yet priced for that outcome. Why Layer 1s Will Consolidate Pal …

The post Tokenized Stock Market Cap Surges as Avalanche Leads Growth appeared first on Coinpedia Fintech News

The tokenized stock market cap is expanding fast across several chains, with Avalanche leading the pack over the past 30 days. Avalanche added $266 million, followed by BNB Chain with $116 million, Robinhood Chain with $100 million, and X Layer with $95 million. Tokenized Stock Market Cap Finds New Momentum The gains show that tokenized …

The post Cboe Secures S&P 500 Options Deal Through 2051, Eyes Tokenized Options appeared first on Coinpedia Fintech News

Cboe Global Markets and S&P Dow Jones Indices have extended their exclusive licensing agreement for another 25 years, keeping their partnership in place through 2051.  The deal gives Cboe continued rights to offer S&P 500 Index options while opening the door to new products, including tokenized options contracts. Cboe Secures SPX Options Rights Through 2051 …