Crypto World
CZ backs Hong Kong as an RWA and DEX growth hub
Binance founder Changpeng “CZ” Zhao backed Hong Kong as a potential Web3 and real-world asset hub during an August 27 book meeting in the city.
Summary
- CZ described Hong Kong and Web3 as a strong combination during August 27 book meeting.
- Hong Kong regulators had authorized thirteen tokenized products by March 2026, according to SFC data.
- CZ predicted tokenized securities and other real-world assets will become a major Web3 development direction.
- CZ said easing U.S. regulatory pressure could accelerate decentralized exchange growth, without announcing specific projects.
- Hong Kong’s Project Ensemble is testing transactions involving tokenized deposits, funds, bonds and other assets.
The event took place at Exchange Square in Central, according to the organizer. CZ discussed Hong Kong’s financial sector, tokenized securities and the development of decentralized exchanges. His comments represented personal forecasts rather than new Binance projects or investment commitments.
CZ says Hong Kong can connect finance with Web3
CZ said Hong Kong benefits from its status as a financial center, access to professionals from mainland China and established institutional relationships. He described Hong Kong and Web3 as a “powerful combination.”
He also named Dubai, Abu Dhabi and the U.S. as markets positioned to benefit from more supportive digital asset policies. These comments were assessments of their prospects. They did not include new licensing applications or expansion plans from Binance.
Hong Kong has introduced a broader regulatory structure covering exchanges, stablecoins and tokenized products. Its approach differs from mainland China, where authorities maintain tight restrictions on cryptocurrency trading and related activities.
The city’s policy direction has attracted financial institutions and asset managers. As crypto.news reported in its coverage of Hong Kong’s stablecoin and custody rules, regulators have sought to expand tokenized finance while retaining licensing and investor-protection requirements.
Hong Kong’s RWA market supports part of CZ’s forecast
CZ predicted that real-world assets would become a major area of Web3 development. He focused on tokenized securities, which can provide wider access beyond traditional market hours and national account systems.
He also described stablecoins as a form of RWA because they place claims linked to fiat currencies on blockchains. That description reflects a common industry classification, although the legal treatment of stablecoins differs between jurisdictions.
Hong Kong has already moved beyond small technical tests. The Securities and Futures Commission said 13 tokenized products were offered to the public as of March 2026. It subsequently introduced a framework covering tokenized products and their secondary-market trading.
The Hong Kong Monetary Authority is also operating EnsembleTX, the pilot phase of Project Ensemble. The pilot supports real-value transactions involving tokenized deposits and digital assets. It is scheduled to operate throughout 2026.
In related coverage, Franklin Templeton recently brought a tokenized U.S. government fund to HashKey, adding another distribution channel for regulated tokenized investments.
CZ expects DEX growth if U.S. pressure continues easing
CZ said decentralized exchanges have progressed from early platforms such as Uniswap and PancakeSwap to newer markets including Hyperliquid. He argued that better infrastructure and stronger user awareness have made DEXs more competitive.
He added that U.S. regulatory pressure appeared to have eased and said continued policy changes “may accelerate” DEX and broader crypto growth. That remains a forecast. Decentralized services can still face securities, commodities, sanctions and anti-money-laundering requirements, depending on their structure and operations.
The SEC and CFTC issued a joint crypto asset interpretation effective March 23. The agencies said clearer classifications could reduce perceived regulatory risk and encourage more U.S. activity. The document did not create a blanket exemption for DEX developers or interface operators.
Market data nevertheless show growing usage. As previously reported, DEX spot volume reached about 24% of covered centralized exchange volume in July. The comparison depends on the exchanges and methodology included.
Regulatory milestones will determine what happens next
Hong Kong’s next steps include implementing its tokenized product framework, continuing EnsembleTX and developing its licensed stablecoin market. Those programs will offer measurable evidence for or against CZ’s RWA forecast.
In the U.S., further SEC and CFTC rulemaking will determine whether decentralized platforms receive specific compliance routes. Until those rules are settled, claims that international DEXs can operate without full customer checks require jurisdiction-specific legal review.
Israel’s friends and allies must demand E1’s cancellation—not just postponement or freezing, but definitively ruling it out as a threat to the two-state solution which is necessary for both Israel and Palestine to have peace and security.
Many Israelis recognize this threat and oppose the growing extremism and intolerance in their politics and society at large. For instance, we met with President Isaac Herzog on our visit, who condemned settler violence. We also acknowledge the deep trauma Israel’s people suffered after the Hamas terror attacks of October 7, which included the detention of hostages contrary to all international law.
We take inspiration from the brave Israeli and Palestinian civil society activists we met. They remain determined to combat impunity for abuses and injustice, and to strive for a future for both peoples based on equality and respect for international law.
Yet this vision is far from the reality we saw on our visit. We saw how ongoing settlement of the West Bank and the sustained violence against and displacement of Palestinians threatens ethnic cleansing and annexation. Combined with the occupation of Gaza, including renewed calls by Israeli ministers for new settlements in the Strip, we are convinced that what is underway is the conquest and erasure of one state by another.
Your day-ahead look for Aug. 27, 2026
Park Hyeon-joo, Mirae Asset Financial Group’s founder, outlined his ambitious stablecoin, RWAs, and STOs plan for Digital X, formerly known as Korbit, in an event for his employees.
CYBERLEEK has given back a large share of its parabolic rally. Indeed, the token fell by nearly 60% right after the account behind the campaign posted footage of the game’s prologue.
The Solana meme coin ties directly to the Grand Theft Auto VI leaks. Now, it trades at 71.30% below its all-time high of $0.03436, reached on August 23.
Why the Bigger Leak Failed to Reverse the Slide
CyberLeek began circulating gameplay clips on August 18, days after the token itself went live. Early videos showed driving, flying, nightclubs, stores, radio stations, and map details from Leonida.
The clips were watermarked with QR codes pointing buyers toward the coin. Holders even used CYBERLEEK transfers to vote on which footage would drop next.
The token’s launch was not a coincidence. On-chain records show the project domain was registered on August 14, and the token first traded on August 15, while the first public leak arrived three days later.
That sequence, combined with buy prompts inside the videos, raised suspicion. Critics accused the campaign of functioning as a pump dressed up as a consumer protest. As a result, the market cap jumped from near zero to more than $20 million at the peak. Short-term gains, in fact, exceeded 1,400% during the frenzy.
On August 26, the leaker posted a roughly five-minute clip from a Lucia-focused prologue section, after earlier footage of Jason in a police chase that ended with a brief Lucia cutscene.
Follow us on X to get the latest news as it happens.
That drop was billed as the first true story spoiler. It arrived the same day Rockstar Games broke its silence, calling the leaks “heartbreaking and unfortunate” while confirming that the Netflix Extended Look would still air as planned.
“…Many thought initially this would be a HUGE catalyst, and the Cyberleek team shared the ENTIRE prologue of one of the main characters from GTA6, however it did not move the needle…,” one analyst said on X.
What the Collapse Reveals About the Trade
The market did not treat the spoiler as fresh fuel. CYBERLEEK now trades at $0.006819, with a market cap of $4.99 million, according to CoinGecko data, 71.30% below its August 23 peak. The takedown of the project’s own website added fresh pressure, sparking what the exchange described as developer desperation and accelerating an already steep decline.
Classic meme coin mechanics, profit-taking after a listing-driven pump, collided with mounting legal pressure. Take-Two has sought subpoenas against Microsoft, Discord, and X to identify the source of the leaks.
CyberLeek has framed the leaks as a fight for physical discs, offline single-player access, and an end to locked fake DLC. Rockstar’s statement did not address those demands. Boxed copies of GTA VI are expected to contain a download code rather than a disc.
Consumer groups such as Stop Killing Games have rejected the leak tactic even while sharing some of the ownership concerns.
On the other hand, the official Extended Look airs on Netflix today, August 27, giving fans their first officially sanctioned look at the game after weeks of unauthorized leaks.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.
Whether that footage ends the leak premium or merely gives traders another headline will determine whether CYBERLEEK’s collapse is a pause or the end of the trade.
The post GTA 6 Leak Coin CYBERLEEK Crashes Nearly 60% After Its Biggest Spoiler Yet appeared first on BeInCrypto.
How will other tech companies respond?
The settlement has an unusual quirk: Meta agreed to pay 70% of the settlement total—some $12.7 billion—over the next decade. But the remaining $5.3 billion is conditional, depending on whether YouTube and TikTok implement similar or more restrictive settings, including a one-hour daily time limit.
At a time when Meta faces fierce competition in the teen market from those competitors, the company is planning to run full-page print ads on Thursday in the The Washington Post, New York Times and the Los Angeles Times calling to make those settings the “new industry standard.” Neither TikTok nor Google, which owns YouTube, have commented.
In the past, tech companies have often copied one another’s safety policies. How competitors will respond to Meta’s settlement agreement is an open question.
What happens to similar cases focused on youth safety?
In addition to the action brought by state attorneys general, school districts and families have filed thousands of lawsuits against tech platforms including Meta, Google, Snap, and TikTok, alleging that the design of their products caused harmful consequences for teens. In March, a jury found Meta and YouTube’s product design led to the mental distress of a young woman, and ordered the companies to pay $4.2 million and $1.8 million in damages respectively.
Crypto World
Solana Votes on Plan to Cut $1.5 Billion in Future SOL Emissions: What It Means for Price?
Solana (SOL) validators are voting on two supply proposals. One would raise the disinflation rate, and the other would burn more SOL.
Together, they would reduce projected emissions by about $1.4 billion to $1.5 billion over six years. But what could that mean for Solana’s price? Other protocols may offer some precedent.
What Solana Is Voting On
Solana’s staking yield sits near 5.25%, drawing mainly from protocol inflation of about 3.78%. Transaction fees and maximal extractable value (MEV) supply the rest.
SGP-0002, which corresponds to the technical proposal SIMD-0550, proposes reducing the inflation schedule. This would be done by increasing the disinflation rate.
“It doubles Solana’s annual disinflation rate from -15% to -30%, compressing the timeline to Solana’s 1.5% terminal inflation rate from approximately 5.7 years to 2.8 years, reaching that level by H1 2029 rather than H1 2032,” 21Shares explained.
Under this, nominal staking yield falls to roughly 4.34% in the first year. It drops to 3% in year two and 2.25% in year three.
SGP-0003, based on SIMD-0553, would divide Solana’s current 5,000-lamport signature fee into two parts: a 2,500-lamport base inclusion fee paid to the block leader and a resource fee determined by requested compute units and the applicable resource fee rate, which would be burned.
“At current network activity, daily SOL burns would rise from approximately 600–800 SOL to approximately 7,500–9,000 SOL, or $712,500 to $855,000, as of August 24. It is a meaningful acceleration in supply destruction, though not sufficient alone to offset current inflation of roughly $4.5 million per day,” the blog added.
Voting is set to continue through epoch 1023. According to 21Shares, the two proposals could roughly halve staking yields within two years and make the asset “structurally scarcer.”
Follow us on X to get the latest news as it happens
Ethereum and Cosmos Offer an Imperfect Comparison
21Shares pointed to two previous upgrades to gauge how markets could react to Solana’s supply-reduction proposals.
Cosmos’ (ATOM) Proposal 848 cut maximum inflation in November 2023. ATOM gained 25% over the following month and 10% over three months. However, the period also coincided with growing optimism around the approval of spot Bitcoin (BTC) ETFs.
Ethereum’s EIP-1559 introduced a burn mechanism in August 2021. ETH climbed 37% in one month and 60% over three months. However, broader market conditions also supported the rally as the crypto market approached its cycle peak.
The two examples suggest that supply-reduction upgrades can strengthen a token’s narrative. However, broader market conditions can have a larger influence on price.
“In both cases, the near-term move (1–3 months) likely came from a mix of the deflationary signal and supportive market conditions, not the upgrade alone. At the same time the subsequent 6–12 month drawdowns had little to do with the upgrades: for ETH, the onset of the 2022 bear market and the Fed beginning its rate hiking cycle; for ATOM, the broader summer 2024 slump,” the team added.
21Shares suggested that for SOL holders, the precedents offer a potentially bullish signal, but they do not guarantee a similar price reaction.
SOL trades near $101 after gaining close to 20% over the past week. The advance tracks a broader market rally rather than the governance vote itself.
Neither proposal alters the protocol on its own. Approval would hand developers a mandate, with the technical work and activation timing still to be settled.
That leaves two open questions for holders. Whether the changes reach mainnet and whether tighter supply extends the current rally will take months to answer.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
The post Solana Votes on Plan to Cut $1.5 Billion in Future SOL Emissions: What It Means for Price? appeared first on BeInCrypto.
BeInCrypto has partnered with MetaQuotes, the company behind MetaTrader 4 and 5, the world’s most widely adopted retail trading platforms to bring curated crypto news directly to millions of traders, creating a unified experience across traditional and digital markets.
As crypto markets continue to intersect with forex and other traditional trading markets, traders are increasingly seeking insights beyond standard currency pairs and CFDs. With this partnership, traders using MetaTrader platforms can access relevant crypto news and analysis without leaving the tools they already trust for their daily trading activities.
“Crypto is no longer a separate conversation from traditional trading, it’s part of the same one” said Alena Afanaseva, CEO and Founder of BeInCrypto. “Partnering with MetaQuotes puts our reporting where traders already are, on a platform they rely on every day. We hope this gives MetaTrader users a clearer view of what’s happening in digital assets and how it affects broader market movements.”
Under the terms of the agreement,BeInCrypto will syndicate news across MetaQuotes’ platform and content portal metatraders.com.
The partnership reflects a broader trend in the financial industry with the convergence of traditional and digital markets. As more investors explore digital assets alongside conventional portfolios, access to reliable and timely news becomes a critical advantage. By working together, we are positioning users to navigate both markets with confidence.
Readers and traders can now access the latest updates by visiting beincrypto.com and metaquotes.net
BeInCrypto is part of the BeInNews Group, an independent media group covering the convergence of finance and digital assets. We help professionals act with confidence in a complex and fast-changing industry through our newsroom, research reports, events, expert network and multimedia studio.
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Bitcoin is testing its largest supply cluster alongside the key 50-week moving average.
The primary cryptocurrency once again jumped above $80,000 earlier today, reinforcing the view that the resurgence could be the start of a full-blown bull market.
However, some industry participants warned that unless BTC clears crucial resistance zones, it remains at risk of sliding back all the way down to $50,000.
The Necessary Conditions
Bitcoin has been on an evident uptrend over the past several days, with its price climbing by 15% on a weekly scale. At one point, it surpassed $81,000, with the catalysts behind that rally detailed in our article here. As of press time, the asset trades at around $79,600 (per CoinGecko), while its market capitalization has soared past $1.6 trillion.
Despite the positive performance and prevailing optimism, the analyst known as Gerla on X issued a note of caution. He believes BTC’s price must make a clean break above $82,000 to change the bearish structure.
“Until then, I wouldn’t rule out a deeper move below the $58K-$60K zone before the real breakout,” the analyst added.
X user cyclop joined with a similar thesis. They claimed that if BTC fails to hold above $83,000, “we’re still in a bear trend.” Should that happen, the analyst expects a dump toward $50,000 by November.
Other analysts who recently made bearish predictions include AlejandroBTC and Nonzee. The former argued that BTC faces a major downturn ahead that could take its valuation as low as $40,000, while the latter opined that the asset’s surge was triggered by a liquidity squeeze and envisioned an eventual crash to $45,000.
The Opposite Theory
The analytics firm CryptoQuant also analyzed BTC’s recent performance. In fact, eight of its ten market indicators (including its bull score) have entered bullish territory, suggesting that the current conditions may represent the early phase of a major rally. At the same time, the company noted that BTC needs a daily close above its 365-day moving average (around $83,000) for confirmation.
X user Gordon did not mention any obstacles, simply declaring that the bear market is over. He congratulated investors who bought BTC at $60,000, claiming that the rest are still early anyway.
Certain signals, including the amount of Bitcoin stored on exchanges, support the bullish outlook. Data show that, despite the price increase, investors have been abandoning centralized platforms in favor of self-custody methods over the last several days, thereby reducing immediate selling pressure.
The post Bitcoin Isn’t Out of Danger Yet: BTC Must Clear These Crucial Levels appeared first on CryptoPotato.
Bitcoin’s push to reclaim the $80,000 area is running into a familiar problem: overhead liquidity. New on-chain research from Glassnode suggests that the path higher is likely to be tested by long-term holders and fresh sell-side supply clustered between roughly $81,000 and $86,000.
While bulls may want $80,000 to act as support, Glassnode’s latest The Week Onchain analysis argues that the more difficult hurdle may arrive closer to $83,000—where long-term holders who bought through a prior drawdown could face an incentive to sell near breakeven.
Key takeaways
- Glassnode identifies a dense long-term holder supply band between $83,000 and $86,000 that has persisted through a full drawdown cycle.
- Additional “ask” liquidity has reappeared on exchange order books in the same broader zone, potentially limiting upside momentum.
- Glassnode says multiple tracked overhead structures now overlap, placing recovery demand and selling pressure in the $81,000–$86,000 range.
- On the chart, several widely watched moving-average levels cluster around the current price area, reinforcing $80,000 as a resistance test.
Glassnode points to long-term holder supply under $86,000
In its latest edition of The Week Onchain, Glassnode flagged multiple pools of BTC that could be released back into the market if Bitcoin rises toward $86,000. The most notable segment is long-term holder (LTH) supply—coins held without selling for at least six months.
Glassnode’s analysis emphasizes that the first heavy supply structure sits in the $83,000–$86,000 region and is “effectively all” long-term holder supply that survived the prior drawdown. The key implication: if price reaches that band, it may test whether LTHs remain willing to hold rather than sell at or near breakeven.
“Above, the first heavy structure is $83K-86K…,” Glassnode wrote, describing how $83,000 would pressure the resolve of the LTH cohort not to sell at breakeven.
Exchange asks and “overhead shelves” reinforce the same resistance band
Beyond on-chain holder behavior, Glassnode also pointed to new sell-side liquidity appearing on exchange order books. According to the report, these re-laddered asks may not be intended to execute immediately; instead, their owners could be aiming to keep orders positioned above spot price should Bitcoin push higher.
Glassnode framed this as part of a broader stack of overlapping supply structures rather than a single isolated wall. It cited several elements across price ranges, including a “self-custody cost-basis shelf” starting around $80.8K, dealer-related “gamma” flipping negative near $82.3K, and a liquidation shelf extending to $86K. It also referenced a “patient-supply wall” filling the $83K–$86K area.
Most importantly for traders, Glassnode summarized that every overhead structure it tracks currently sits between $81,000 and $86,000—describing the band as where demand for recovery meets a concentrated test.
“Every overhead structure we track now sits between $81K and $86K; that band is where the recovery’s demand meets its test.”
Price action: multiple trend indicators converge near $80,000
On top of the on-chain supply picture, Glassnode’s discussion aligns with chart-level constraints around $80,000. The area has seen multiple trend lines converge, strengthening its role as a resistance hurdle.
According to TradingView data referenced in the article, Bitcoin’s 50-week and 100-week exponential moving averages (EMAs) currently sit at $77,353 and $78,485, respectively. The same dataset places Bitcoin’s 365-day volume-weighted average price (VWAP) around $82,600—another figure that sits relatively close to today’s decision zone.
That clustering matters because it can compress the market’s “decision space.” If price trades within or near multiple major averages while overhead liquidity remains intact, upside attempts can repeatedly meet sellers—particularly when they overlap with historical supply bands.
Why this matters for bulls: $80,000 may not be the final hurdle
Earlier reporting from Cointelegraph highlighted market skepticism about whether Bitcoin’s rebound would last, and noted calls for patience before declaring a durable trend shift. In particular, trader and analyst Rekt Capital stressed that Bitcoin needs to hold the 50-week EMA for longer before a meaningful change can be considered, with expectations for bearish market timing to continue until the end of 2026.
Read alongside Glassnode’s findings, that framing suggests bulls may need more than a single reclaim of $80,000. If the $81,000–$86,000 band truly concentrates both long-term holder supply and exchange ask liquidity, then any breakout may require sustained buyer demand to absorb supply—especially as price approaches the $83,000–$86,000 segment.
There’s also a timing asymmetry to consider. Once liquidity is already sitting overhead—particularly from long-term holders and re-laddered sell orders—upside can stall quickly if buyers fail to step in before the market reaches the highest-concentration area.
For readers watching the next phase, the key is whether Bitcoin can progress through the $81,000–$86,000 corridor without triggering a meaningful sell response from long-term holders and order-book liquidity. Until that’s clearer, $80,000 may remain less a floor than a gateway—one that leads into a narrower, harder test farther up.
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