HSBC launches its first HKD stablecoin RedCoin to retail users
#HSBC has launched #RedCoin , its first stablecoin pegged to the Hong Kong dollar, as the bank expands its involvement in the crypto and blockchain sectors. In the coming days, users will be able to activate a stablecoin wallet in the app to make peer-to-peer transfers and payments to more than 100,000 merchants via PayMe.
HSBC plans to integrate RedCoin wallets into its HSBC HK Mobile Banking App later this year, enabling customers to invest in tokenized products, including a new share class of its Hong Kong dollar money market fund. The bank also intends to expand RedCoin’s use cases to corporate and institutional clients.
Uniswap launches aggregator hooks on Ethereum, Base, and Robinhood Chain
#Uniswap has launched aggregator hooks on #Ethereum , #Base , and #RobinhoodChain , enabling Uniswap v4 to route trades through liquidity from external platforms. Hooks are a feature of Uniswap v4 that allows developers to add custom logic and functionality to liquidity pools. Aggregator hooks make external platform liquidity accessible as if it were part of a Uniswap v4 pool. The protocol compares prices across its own pools and external platforms, executing the trade in a single transaction.
#Chainlink has partnered with #LGCNS , the IT services and #AI transformation subsidiary of South Korea’s LG Group, to support the development of the country’s $68B digital asset market. The partnership will focus on expanding the adoption and distribution of Korean stablecoins, an emerging market segment with more than 11 million eligible users.
Beyond stablecoins, LG CNS plans to integrate Chainlink’s cross-chain, data, and orchestration infrastructure into its digital asset platform solutions for Korean institutions.
#Dataline secures $10.6M in a Seed funding round co-led by Lattice and Dispersion Capital, with participation from Coinbase Ventures, Symbolic Capital, and Anagram. The startup also plans to hold a public token sale through Uniswap’s auction platform, with details expected next week.
Dataline is an #AI -powered data and automation platform for #Web3 applications that integrates cryptocurrency market data, on-chain metrics, prediction-market data, and other sources into a single interface.
#Whop secures $200M in a Series D funding round at a $5.1B valuation. The round was led by Sequoia with participation from Shopify Ventures. This funding round brings Whop's total funding to $472M. Whop will use the capital for global expansion and R&D aimed at improving payment and advertising markets.
Whop is a commerce and payments platform that enables individuals and businesses to sell products, services, software, and paid community access.
Standard Chartered finalizes agreements to acquire Zodia Custody
#StandardChartered will acquire 100% of #ZodiaCustody , which operates regulated entities in Singapore, Hong Kong, Australia, the UAE, and Luxembourg. The deal is subject to regulatory approval and customary closing conditions, with financial terms undisclosed. Standard Chartered’s Securities Services division will absorb Zodia’s custody business, while its software and professional services arm will become an entity under SC Ventures, Zodia Solutions.
#Zcash developers have set block 3,543,405 as the activation point for NU7, which is expected around November 5. The upgrade will cut block times from 75 seconds to 25 seconds. The upgrade will also temporarily remove 60% of transaction fees from each block from circulation, with payments to miners set to begin around February 2031. The existing mining reward halving schedule will remain unchanged.
Zcash’s original privacy system, Sprout, will be fully deactivated, rendering any funds not transferred before the upgrade unspendable. As of October 21 at 08:00 UTC, the proposal specifying the activation block had not yet been merged into the deployment specification. The selected block height must also be integrated into node software before the upgrade can proceed.