Hong Kong reportedly plans to permit crypto derivatives for professional investors and expand its fintech ecosystem. Hong Kong’s securities regulator aims to introduce digital asset derivatives trading for professional investors as part of a broader strategy to expand product offerings and reinforce the city’s role in the global digital asset market, local media reported. Christopher Hui Ching-yu, secretary for Financial Services and the Treasury, confirmed the move on June 4, according to a report by the English-language newspaper China Daily HK. The Hong Kong Securities and Futures Commission (SFC) said that priority will be given to sound risk management, with trades conducted “in an orderly, transparent and secure manner,” the report said. Read more
Crypto traders can use ChatGPT to decode crypto headlines and generate actionable trade setups — fast, flexible and surprisingly accurate (subject to human verification). ChatGPT can analyze crypto news headlines and generate actionable trade signals, helping traders make faster and more informed decisions. Well-crafted prompts are essential — the more specific your instructions, the more accurate and useful ChatGPT’s responses will be. News-based signals work best when combined with broader market context, like Bitcoin trends or altcoin momentum, for a complete trading picture. Read more
India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui. India-serving but Singapore-based crypto exchange WazirX is moving its operations to Panama after local courts declined to approve the firm’s restructuring plan. In an email sent to its users, WazirX shared recent redacted legal documents outlining the move. One of the documents revealed that WazirX’s parent company, Zettai, will move to Panama and rebrand. “Zettai has taken steps to incorporate a subsidiary, Zensui Corporation […] in the Republic of Panama, and has been preparing for the transfer of the operations of the Platform’s cryptocurrency-related services to Zensui,“ the document said. Read more
Since the IBIT ETF futures are only available to accredited investors, the latest crypto developments in Russia left many retail players unimpressed. Moscow Exchange (MOEX), Russia’s largest stock exchange, launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), as the fund climbed into the world’s top 25 ETFs by assets under management (AUM). MOEX introduced a futures contract tied to IBIT on June 4, according to an announcement by the exchange. The new investment product is accessible exclusively to accredited investors, with MOEX planning to introduce qualification testing from June 23. Read more
The decentralized physical infrastructure network market could surge to $3.5 trillion by 2028 as AI and blockchain converge, according to a new World Economic Forum report. The growing convergence of blockchain and artificial intelligence could see the decentralized physical infrastructure network (DePIN) market soar past $3.5 trillion in the next three years, according to the World Economic Forum (WEF). DePIN merges blockchain technology with community-owned physical infrastructure to create decentralized networks where participants can contribute resources in exchange for cryptocurrency. “Currently valued at $30 billion-$50 billion with over 1,500 active projects worldwide, this relatively new sector is projected to grow to $3.5 trillion by 2028,” the report said. Read more
Bitcoin traders set the stage for a volatile breakout with liquidity amassing above and below the spot price, and eyes are on the road to new all-time highs. Key points: Bitcoin trades between increasingly thick bands of liquidity as traders await a breakout. Above current spot price lies a particularly important area for bulls when it comes to new all-time highs, analysis says. Read more
Binance is cracking down on bot abuse in its Alpha Points early-access program after detecting coordinated bot farming activity. Binance has identified and moved to restrict the use of bots exploiting Alpha, its early-access token distribution system, the exchange said on June 4. In a post, Binance said it had “recently detected certain groups using bots to participate in Alpha activities, which undermines the fairness of the Binance Alpha Points program.” It added that it had taken measures to halt the activity. “We have upgraded our risk control systems to enhance the detection and handling of such behavior,“ the exchange said. Binance said any use of bots will be treated as a violation by the exchange. The company also said that it “reserves the right to revoke the Binance Alpha Points eligibility of accounts involved in such activities and may impose further restrictions where necessary.” Read more
Ether’s price is up 46% in the past 30 days, and analysts say continued demand for spot Ethereum ETFs and strengthening structure may trigger a breakout. Key takeaways: Ether's price is up 46% in 30 days. ETH/BTC is up 30% in the past month, signaling stronger demand for Ether. Read more
Hackers are moving from smart contract vulnerabilities to exploiting human behavioural weaknesses, according to the co-founder of Web3 cybersecurity firm CertiK. Cryptocurrency hackers are moving away from exploiting smart contract vulnerabilities and targeting users through social engineering schemes, Web3 cybersecurity company CertiK said. More than $2.1 billion has been stolen in cryptocurrency-related attacks so far in 2025, with the bulk of losses coming from wallet compromises and phishing attacks, according to CertiK. Crypto phishing attacks are social engineering schemes where attackers share fraudulent links to steal victims’ sensitive information, such as the private keys to crypto wallets. Read more