Hong Kong’s SFC Greenlights Crypto Staking for Licensed Exchanges, Paving Way for Platforms Like Binance

Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines permitting licensed cryptocurrency exchanges and funds to provide staking services. This development is significant for platforms such as Binance, as staking allows crypto holders to earn passive income while contributing to blockchain security. The SFC’s move underscores Hong Kong’s progressive stance on digital asset regulation and its recognition of staking’s role in maintaining Proof of Stake (PoS) networks.

Hong Kong Regulator Releases Crypto Staking Rules for Licensed Exchanges

Hong Kong’s Securities and Futures Commission (SFC) has laid out new guidance allowing licensed crypto exchanges and funds to offer staking services. Staking provides crypto holders with a way to earn passive income without selling their digital assets and is crucial for Proof of Stake (PoS) networks’ security and immutability. The SFC acknowledges staking’s dual role in enhancing blockchain network security and offering regulated yield-generating opportunities for investors, aligning with its broader strategy to grow Hong Kong’s digital asset sector.

Bitcoin’s Death Cross Returns: Whale Panics and $1 Billion Liquidated

A whale lost $2.53M panic-selling 778.5 BTC on Binance after a failed attempt to time the market bottom, highlighting the risk for even large investors. Bitcoin flashed a bearish “death cross” (50-day SMA below 200-day SMA), a technical signal historically preceding extended price downtrends. $1 billion in crypto was liquidated in 24 hours, with Bitcoin falling below $77K and altcoins losing over 14% amid recession fears and tariffs.