https://www.scmp.com/rss/523118/feed The latest news and top stories on Binance. A leading entity in the cryptocurrency sector, global giant Binance specialises in a comprehensive suite of digital asset services, including spot and derivatives trading, NFTs and staking. Serving a vast global user base exceeding 250 million, it holds the position as the world’s largest crypto exchange by trading volume. While operating globally with a "remote-first" approach, it maintains a significant presence, including in Singapore, where it... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Eunice Xu Eunice Xu In a makeshift boxing ring, two humanoids square off; one in blue headgear and gloves, the other in matching red. The spectacle might be run-of-the-mill for a robotics conference, but this was Consensus Hong Kong 2026, one of the largest events for the digital assets industry. Behind the human-controlled fighting humanoids was BitRobot, an embodied AI research network built on the Solana blockchain. Despite the bitcoin drawdown of recent weeks, the mood was upbeat. Consensus this year... https://www.scmp.com/tech/tech-trends/article/3343349/policy-products-web3-innovation-takes-centre-stage-consensus-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3343349/policy-products-web3-innovation-takes-centre-stage-consensus-hong-kong?utm_source=rss_feed Thu, 12 Feb 2026 13:00:14 +0000 Eunice Xu Eunice Xu Hong Kong’s cryptocurrency investors remain cautiously optimistic despite a sharp market sell-off over the weekend that pushed major digital assets to months-long lows. Bitcoin slid to US$74,541 on Monday morning, its lowest level in 10 months, extending a decline of about 40 per cent from its record high above US$126,000. That peak had been fuelled in part by expectations of a more crypto-friendly stance from the Trump administration. Other major tokens also weakened, with Ethereum down more... https://www.scmp.com/business/article/3342126/hong-kong-crypto-investors-stay-cautious-upbeat-bitcoin-sell-deepens?utm_source=rss_feed https://www.scmp.com/business/article/3342126/hong-kong-crypto-investors-stay-cautious-upbeat-bitcoin-sell-deepens?utm_source=rss_feed Mon, 02 Feb 2026 13:30:17 +0000 Bochen Han Bochen Han TikTok and its Chinese parent ByteDance announced on Thursday the official creation of a new US venture – TikTok USDS Joint Venture – to operate the short video app used by 200 million Americans. The deal, the culmination of years of legal and political uncertainty, is part of the effort to comply with a 2024 US law that aimed to push ByteDance to divest TikTok to address national security concerns over the app’s links to Beijing. Without a divestment, the app would have faced a nationwide... https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed Fri, 23 Jan 2026 22:02:59 +0000 Coco Feng Coco Feng The United Arab Emirates (UAE) is rapidly cementing its position as a global leader in the digital asset sector on the back of its regulatory infrastructure and the institutional adoption of cryptocurrencies, according to industry insiders at the fourth edition of Abu Dhabi Finance Week (ADFW). Speaking at ADFW, the largest financial and investment gathering in the Middle East and North Africa, Binance co-CEO Richard Teng said the UAE had been at the industry’s forefront, as capital city Abu... https://www.scmp.com/tech/blockchain/article/3336083/coins-sand-how-uae-draws-global-crypto-community?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3336083/coins-sand-how-uae-draws-global-crypto-community?utm_source=rss_feed Fri, 12 Dec 2025 01:00:25 +0000 Xinmei Shen Xinmei Shen Cryptocurrency exchange Gate, whose Hong Kong unit last year pulled out of the city’s virtual asset trading platform (VATP) licence application, may consider applying again, but high compliance costs still pose challenges for the company, according to founder and CEO Lin Han. “We understand the intention behind [Hong Kong’s] policies, but they do impose some constraints,” Han said in an interview on Thursday. “After a year of operation [in Hong Kong], we discovered that it was difficult to cover... https://www.scmp.com/tech/policy/article/3335545/crypto-exchange-gate-eyes-hong-kong-licence-even-compliance-costs-challenge-growth?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3335545/crypto-exchange-gate-eyes-hong-kong-licence-even-compliance-costs-challenge-growth?utm_source=rss_feed Mon, 08 Dec 2025 02:00:50 +0000 Bloomberg Bloomberg Binance Holdings named co-founder He Yi as co-CEO in the biggest change to its top leadership since Zhao Changpeng stepped down from running the cryptocurrency exchange two years ago. She will share the title with Richard Teng, who succeeded Zhao as CEO of the world’s largest crypto trading venue in November 2023. Zhao, who resigned after pleading guilty to anti-money-laundering and sanctions violations, and He have children together. Zhao was pardoned by US President Donald Trump in October,... https://www.scmp.com/tech/blockchain/article/3335126/crypto-giant-binance-appoints-co-founder-he-yi-co-ceo?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3335126/crypto-giant-binance-appoints-co-founder-he-yi-co-ceo?utm_source=rss_feed Thu, 04 Dec 2025 01:44:33 +0000 Xinmei Shen Xinmei Shen Hong Kong continues to ratchet up its cryptocurrency development efforts, as the city’s securities regulator fine-tunes rules to boost the liquidity of local digital-asset trading platforms. The Securities and Futures Commission (SFC) said it would allow locally licensed digital-asset exchanges to integrate their order books with those of their affiliated platforms globally. “What we noticed is that through the creation of this close-loop environment, we are creating a pocket of liquidity only... https://www.scmp.com/tech/policy/article/3331513/hong-kong-pushes-adjustments-digital-asset-rules-beijing-remains-cautious-crypto?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3331513/hong-kong-pushes-adjustments-digital-asset-rules-beijing-remains-cautious-crypto?utm_source=rss_feed Tue, 04 Nov 2025 12:00:24 +0000 Xinmei Shen Xinmei Shen Binance founder Zhao Changpeng has dismissed a report that estimated his fortune at 190 billion yuan (US$26.7 billion), saying the actual amount is much smaller, as the cryptocurrency entrepreneur steps back into the spotlight after receiving a pardon from US President Donald Trump. In a social media post on Tuesday, Zhao – widely known as CZ in the crypto industry – rejected a report that ranked him as China’s 13th richest person, calling it “nonsense”. He added that the reported net-worth... https://www.scmp.com/tech/blockchain/article/3330784/binance-founder-cz-rejects-nonsense-report-ranking-him-chinas-13th-richest-person?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3330784/binance-founder-cz-rejects-nonsense-report-ranking-him-chinas-13th-richest-person?utm_source=rss_feed Wed, 29 Oct 2025 12:00:18 +0000 Ann Cao,Wency Chen Ann Cao,Wency Chen Freshly pardoned by US President Donald Trump, Binance founder Zhao Changpeng is expected to return at the helm of the world’s largest cryptocurrency exchange in terms of daily turnover, according to analysts. The Chinese-born Canadian entrepreneur, widely known as CZ, received a pardon after he pleaded guilty to breaking US anti-money-laundering laws and went to prison for four months, part of a US$4.3 billion settlement with the US government to resolve a years-long investigation into... https://www.scmp.com/tech/blockchain/article/3330261/crypto-tycoon-zhao-changpeng-plans-comeback-after-trump-pardon-analysts?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3330261/crypto-tycoon-zhao-changpeng-plans-comeback-after-trump-pardon-analysts?utm_source=rss_feed Fri, 24 Oct 2025 12:00:41 +0000 Bloomberg Bloomberg Binance co-founder Zhao Changpeng has received a pardon from US President Donald Trump after he went to prison for failing to safeguard the world’s largest crypto exchange against money laundering. “President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in their war on cryptocurrency,” said White House spokeswoman Karoline Leavitt. Zhao wrote in a social media post that he was “deeply grateful for today’s pardon and... https://www.scmp.com/news/world/united-states-canada/article/3330124/binance-founder-zhao-pardoned-trump-latest-crypto-clemency?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3330124/binance-founder-zhao-pardoned-trump-latest-crypto-clemency?utm_source=rss_feed Thu, 23 Oct 2025 17:31:23 +0000 Vincent Chow Vincent Chow A new real-market cryptocurrency trading experiment that pits leading artificial intelligence models against one another to evaluate their respective investing abilities has seen a DeepSeek model outperform rivals so far. In Alpha Arena, launched on Saturday by US research firm Nof1, six large language models (LLMs) were given US$10,000 each to invest in six cryptocurrency perpetual contracts on the decentralised exchange Hyperliquid, including bitcoin and solana. As of 2pm on Tuesday,... https://www.scmp.com/tech/tech-trends/article/3329784/deepseek-outperforms-ai-rivals-real-money-real-market-crypto-showdown?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3329784/deepseek-outperforms-ai-rivals-real-money-real-market-crypto-showdown?utm_source=rss_feed Tue, 21 Oct 2025 10:00:22 +0000 Xinmei Shen Xinmei Shen The global cryptocurrency industry is searching for the trader who made massive gains betting against bitcoin and ether, as the sector grapples with the aftermath of a market rout that wiped out US$19 billion last week. While the crash on Friday liquidated more than 1.6 million traders within just 24 hours, some investors had profited handsomely – including one trader who earned nearly US$200 million from short positions on bitcoin and ether, according to blockchain analytics firm Arkham. Those... https://www.scmp.com/tech/blockchain/article/3328948/bitcoin-crash-sparks-search-mystery-crypto-trader-who-profited-us200-million?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3328948/bitcoin-crash-sparks-search-mystery-crypto-trader-who-profited-us200-million?utm_source=rss_feed Tue, 14 Oct 2025 08:32:08 +0000 Xinmei Shen Xinmei Shen Chinese cryptocurrency traders are bemoaning their losses after the biggest price gyrations in years, as Monday’s bounce in bitcoin’s prices above US$114,000 brought relief to some traders after last week’s massive sell-off. The crypto crash on Friday, which wiped out US$19 billion with more than 1.6 million traders liquidated, became the second most searched topic on Weibo briefly on Monday morning, as many Chinese crypto investors took to social media to mourn their losses. “From hundreds of... https://www.scmp.com/tech/tech-trends/article/3328803/my-crypto-life-over-us19-billion-sell-triggers-angst-chinese-social-media?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3328803/my-crypto-life-over-us19-billion-sell-triggers-angst-chinese-social-media?utm_source=rss_feed Mon, 13 Oct 2025 10:00:20 +0000 Bloomberg Bloomberg Cryptocurrency market traders have been hit by record liquidations just days after bitcoin hit a fresh all-time high, with volatility triggered in large part by the latest round of tariffs from US President Donald Trump. Crypto prices tumbled on Friday after Trump said he would impose an additional 100 per cent tariff on China and export controls on software. The declines precipitated – and then were made worse by – what data tracker Coinglass described as “the largest liquidation event in... https://www.scmp.com/tech/blockchain/article/3328627/crypto-market-hit-over-us6-billion-liquidations-sparked-latest-trump-tariffs?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3328627/crypto-market-hit-over-us6-billion-liquidations-sparked-latest-trump-tariffs?utm_source=rss_feed Sat, 11 Oct 2025 04:50:15 +0000 Xinmei Shen Xinmei Shen Major cryptocurrency tokens, including bitcoin and BNB, reached record highs this week amid government turmoil around the world that drove up alternative asset prices, which elated China’s crypto community as the country reconsiders digital assets such as stablecoins. Bitcoin passed the US$126,000 level on Monday, a new all-time high for the world’s largest cryptocurrency token, before falling more than 1 per cent to below US$124,000 on Tuesday. BNB, the native token of the world’s largest... https://www.scmp.com/tech/tech-trends/article/3328141/bitcoin-bnb-hit-record-highs-global-turmoil-spurs-flight-safe-haven-crypto?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3328141/bitcoin-bnb-hit-record-highs-global-turmoil-spurs-flight-safe-haven-crypto?utm_source=rss_feed Tue, 07 Oct 2025 12:00:08 +0000 Sylvia Ma Sylvia Ma As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, what to expect in the coming iteration and how Hong Kong could strengthen its position as a “superconnector” linking the mainland with global markets. For more stories in this ongoing series, click here. In a LinkedIn post earlier this month,... https://www.scmp.com/economy/china-economy/article/3327000/how-hong-kongs-role-chinas-economic-strategy-could-evolve-next-5-years?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3327000/how-hong-kongs-role-chinas-economic-strategy-could-evolve-next-5-years?utm_source=rss_feed Fri, 26 Sep 2025 22:00:10 +0000 Xinmei Shen Xinmei Shen World Liberty Financial, a cryptocurrency company backed by the family of US President Donald Trump, has frozen the tokens of Justin Sun, founder of the Tron blockchain and one of the most vocal supporters of the venture, in a rare show of disharmony between the project and the Hong Kong-based crypto billionaire. In a Friday post on social media platform X, Sun said his tokens on the World Liberty Financial blockchain were frozen, confirming data that the Trump venture had blacklisted Sun’s... https://www.scmp.com/tech/tech-trends/article/3324540/trump-family-backed-blockchain-project-freezes-tokens-major-backer-justin-sun?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3324540/trump-family-backed-blockchain-project-freezes-tokens-major-backer-justin-sun?utm_source=rss_feed Fri, 05 Sep 2025 13:00:08 +0000 Xinmei Shen Xinmei Shen OSL Group, operator of Hong Kong’s first listed and licensed virtual asset trading platform, on Wednesday also became the first exchange in the city to support professional trading of BNB, the cryptocurrency backed by Binance founder Zhao Changpeng. Trading of BNB on OSL was strictly limited to institutional investors with a portfolio of at least HK$8 million (US$1.02 million), who are allowed to trade the token with US dollars as well as the world’s two largest stablecoins, USDT and USDC. In a... https://www.scmp.com/tech/blockchain/article/3324218/hong-kong-crypto-exchange-osl-starts-institutional-trading-binance-backed-bnb-tokens?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3324218/hong-kong-crypto-exchange-osl-starts-institutional-trading-binance-backed-bnb-tokens?utm_source=rss_feed Wed, 03 Sep 2025 11:42:48 +0000 Xinmei Shen Xinmei Shen A new cryptocurrency token from US President Donald Trump’s family venture World Liberty Financial started trading on Monday, raking in billions of dollars with noticeable support from China’s crypto community after his son’s trip to Asia. WLFI, first issued to private investors last year, became available on major cryptocurrency exchanges including Binance, OKX and Coinbase. Binance, founded by Chinese Canadian entrepreneur Zhao Changpeng, also known as CZ, was the first crypto exchange to list... https://www.scmp.com/tech/article/3324045/trump-related-token-starts-trading-support-chinese-crypto-players?utm_source=rss_feed https://www.scmp.com/tech/article/3324045/trump-related-token-starts-trading-support-chinese-crypto-players?utm_source=rss_feed Tue, 02 Sep 2025 10:00:13 +0000 Emily Hung Emily Hung The business school of Hong Kong’s oldest university is exploring the use of digital currencies for tuition payments and donations. The move by the business school of the University of Hong Kong (HKU) comes as the city seeks to balance its aspirations as a virtual asset hub with the need to minimise financial risks, with the Stablecoins Ordinance having come into effect on August 1. Professor Cai Hongbin, dean of the business and economics faculty at HKU, called for support for the initiative at... https://www.scmp.com/news/hong-kong/education/article/3323728/university-hong-kong-business-school-looking-taking-bitcoin-fee-payments?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3323728/university-hong-kong-business-school-looking-taking-bitcoin-fee-payments?utm_source=rss_feed Sat, 30 Aug 2025 00:00:16 +0000 Zhou Xin Zhou Xin Hong Kong has the conditions to become a major hub for virtual assets, rivalling markets like the US and the United Arab Emirates (UAE), but the city’s regulators must act swiftly to realise its potential, according to Zhao Changpeng, founder and largest shareholder of cryptocurrency exchange Binance. In an exclusive interview with the South China Morning Post on Friday, Zhao, widely known as CZ, said the Hong Kong government had shown a “very clear attitude towards embracing Web3” and had the... https://www.scmp.com/tech/blockchain/article/3323465/binance-founder-cz-hong-kong-can-rival-us-crypto-hub-its-future-hinges-speed?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3323465/binance-founder-cz-hong-kong-can-rival-us-crypto-hub-its-future-hinges-speed?utm_source=rss_feed Thu, 28 Aug 2025 23:00:10 +0000 Bibek Bhandari Bibek Bhandari High in the Himalayas, the tiny kingdom of Bhutan, long known for its pursuit of “gross national happiness”, has now set its sights on a new measure of contentment: cryptocurrency. In a move that has startled some of its neighbours and inspired global fintech champions, the “Land of the Thunder Dragon”, home to around 800,000 people, is using state-mined bitcoin to fund public salaries and lure a new wave of tourists. Bhutan became, in May, the world’s first nation to unveil a countrywide,... https://www.scmp.com/week-asia/economics/article/3317923/bhutans-big-crypto-tourism-push-aims-revolutionise-himalayan-travel?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3317923/bhutans-big-crypto-tourism-push-aims-revolutionise-himalayan-travel?utm_source=rss_feed Sat, 12 Jul 2025 08:30:11 +0000