Hong Kong’s financial regulators have announced plans to harmonize the city’s over-the-counter (OTC) derivatives reporting regime, including crypto derivatives, with international standards. The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) released a joint consultation conclusion outlining changes that will bring the city’s regulations in line with European and global practices. The post Hong Kong looks to become global OTC crypto center with new EU style reporting appeared first on CryptoSlate.

Ethena Labs has announced the introduction of UStb, a new stablecoin fully backed by BlackRock’s on-chain BUIDL fund, developed in partnership with Securitize. This product is an additional fiat stablecoin alongside USDe, offering a differentiated risk profile to users and exchange partners. UStb will reportedly function identically to traditional stablecoins and exist as an isolated The post Ethena Labs jumps 14% on BlackRock’s BUIDL backed UStb stablecoin announcement appeared first on CryptoSlate.

According to several crypto analysts, altcoins are exhibiting a notable breakout, hinting at a potential shift toward an altcoin-dominated market phase. Analysts observed that the total market capitalization of altcoins is rising, breaking out of longstanding downward trends. Technical and on-chain analyst Ali Martinez noted that while it’s uncertain if a full-blown altcoin season has The post Altcoin season fever infects analysts calling for bullish movement as Bitcoin hits $64k appeared first on CryptoSlate.

Mira Murati, Chief Technology Officer at OpenAI, has announced her departure from the company after six and a half years. In a message to colleagues, Murati expressed gratitude for the opportunity to lead the technical organization and highlighted recent achievements, including the releases of speech-to-speech technology and OpenAI o1. “While I’ll express my gratitude to The post AI pioneer Mira Murati leaves OpenAI amid high-stakes leadership shifts appeared first on CryptoSlate.

BitcoinOS (BOS) has open-sourced BitSNARK, a zero-knowledge proof (ZKP) verification protocol enabling zk-SNARKs to operate on the blockchain without altering its core protocol. This development introduces one of the first working ZKP systems on Bitcoin’s mainnet, potentially transforming its privacy, scalability, and smart contract functionality capabilities. BitSNARK allows direct verification of zk-SNARK proofs on the The post Open source Zero Knowledge Proofs now available on Bitcoin via BitSNARK appeared first on CryptoSlate.