Gate.io and Bybit Data Reveals Traders Are Done With Risk Assets for Now

Major exchanges Gate and Bybit report significant declines in Bitcoin and Ethereum holdings alongside a 28% surge in USDT balances, reflecting traders’ flight to safety as market volatility intensifies and retail participation falls to multi-year lows.
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Hong Kong Advances Digital Money Strategy as HKMA’s e-HKD Pilot Programme Enters Phase Two

The Hong Kong Monetary Authority (HKMA), with analytical support from Deloitte, has released its e-HKD Pilot Programme Phase 2 Report, offering a look into how central bank digital currencies (CBDCs) and other digital money forms could reshape the city’s financial ecosystem.
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