HashKey Group is planning an initial public offering (IPO) in Hong Kong that could raise up to $215 million, positioning it to become the city’s first listed crypto exchange. The company aims to sell about 240.6 million shares at a price range of HK$5.95 to HK$6.95, implying a valuation of around HK$19 billion at the top end.

Gemini, the crypto exchange founded by the Winklevoss twins, reported a strong Q3 performance with net revenue rising 52% to roughly $49.8 million, driven by higher transaction fees and fast-growing services such as its crypto credit card, staking, and custody offerings. Trading volume climbed, and services revenue surged, reflecting Gemini’s push into diversified crypto products and international expansion. This marks Gemini’s first earnings update since its Nasdaq IPO under

The UK’s Financial Conduct Authority (FCA) has lifted its ban on crypto exchange-traded products for retail investors, opening the door to Bitcoin and Ethereum-linked exchange-traded notes (cETNs) as part of the country’s push to become a global “crypto hub.” However, despite headlines that the “UK crypto ban is lifted,” retail investors still can’t buy immediately due to administrative holdups.

Australia has unveiled draft legislation to tighten oversight of crypto exchanges, bringing digital asset platforms under the same rules as traditional financial services. The proposal, described by Assistant Treasurer Daniel Mulino as the cornerstone of the government’s digital asset roadmap, would create two new financial products under the Corporations Act: “digital asset platforms” and “tokenized custody platforms.”

Hong Kong’s ZA Bank now provides reserve bank services for stablecoin issuers, merging traditional banking with digital currency innovation.