HashKey, operator of Hong Kong's largest licensed crypto exchange, has priced its Hong Kong IPO close to the upper end of its HK$5.95–HK$6.95 range, selling 240.6M shares at HK$6.68 for proceeds of about HK$1.6B ($206M). The deal, which drew strong institutional demand and is scheduled to start trading on Wednesday, could make HashKey the first publicly listed crypto exchange in the city.

HashKey Holdings Ltd. priced its Hong Kong IPO at HK$6.68 per share, selling 240.6 million shares to raise HK$1.6 billion. Share trading is slated for December 17, 2025, with most allocation directed to major institutional investors. The company did not increase the offering size, and proceeds are expected to support technology and operations.

Bybit's 2025 rankings indicate that Ukraine, Nigeria, and Vietnam are among the most dynamic crypto adopters, with usage often driven by gaps in traditional financial systems. The report finds stablecoins are now the most widely used crypto product worldwide, supporting everything from remittances and savings to cross-border transfers and trading access.

In 2025, a New York Times report alleged that U.S. President Donald Trump and his family profited from dismissed or settled crypto enforcement actions through political contributions and business relationships. The report claimed that one-third of Biden-era crypto cases were dropped, far above the rate in other sectors, and highlighted examples involving Coinbase, Binance, and other firms. SEC Commissioner Hester M. Peirce later argued that many of these cases lacked a proper legal foundation and should not have been filed.

On Friday, Bitcoin slipped under $90,000 as Asia began the final full trading week of 2025 with softer risk appetite amid concern over tech earnings. Broadcom's sales outlook pulled the S&P 500 down about 1%, and futures signaled early losses for Australia, Hong Kong, and Japan. According to the article's market snapshot, Bitcoin was $89,293 (down 1.1%) and Ether $3,111 (down 0.3%).

Chinese automakers are cutting EV prices in Thailand to gain share, with BYD reducing the Seal by up to 38% and SAIC trimming the MG4 by about 27%. Subsidies launched in 2022 can reach 150,000 baht per vehicle, while EV deliveries rose more than 20% in October and November amid dealer margin pressure and cautious, delay-prone buyers.

Offshore yuan bond issuance has reached about 870 billion yuan ($123 billion) in 2025, marking a new annual peak after eight straight years of expansion. Issuers are increasingly selling long‑dated dim sum bonds to lock in China's relatively low interest rates, while investors rebalance away from dollar assets amid yuan appreciation. Policy measures such as the July expansion of Southbound Bond Connect are also supporting wider participation and sustained demand for yuan-denominated debt.

Privacy-focused tokens such as Zcash have sharply appreciated in recent months, while venture firms highlight privacy as a core focus area for 2026. Investors argue that institutional traders, traditional finance and everyday users increasingly need confidential onchain activity, even as regulatory uncertainty and usability challenges still threaten broader adoption.