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FG Nexus downsizes ether treasury as losses widen
thearabianpost42d ago

FG Nexus downsizes ether treasury as losses widen

Treasury manager FG Nexus has intensified its reduction of ether holdings, selling 7,550 ETH valued at about $14 million as part of a strategic unwind that has now crystallised more than $80 million in losses on its corporate crypto portfolio. The firm’s move marks a continuation of a reversal from its earlier accumulation strategy, leaving observers scrutinising the viability of concentrated digital-asset reserves on corporate balance sheets. [...]The article FG Nexus downsizes ether treasury as losses widen appeared first on Arabian Post.

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Hong Kong set to launch stablecoin licences
thearabianpost42d ago

Hong Kong set to launch stablecoin licences

Hong Kong will begin issuing its first licences for fiat-backed stablecoin issuers in March, advancing its ambition to position the city as a regulated global hub for digital assets and virtual finance. Financial authorities have confirmed that the new regime will allow approved companies to issue stablecoins pegged to fiat currencies under a structured supervisory framework. The move follows months of consultation led by the Hong Kong [...]The article Hong Kong set to launch stablecoin licences appeared first on Arabian Post.

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