<\/p>\n
Crypto is trying to shake off \u201cextreme fear\u201d just as Hong Kong\u2019s HKDAP stablecoin, Tether\u2019s new wallet and big Binance-linked flows redraw the market\u2019s risk map.<\/p>\n
<\/p>\n
Temporary easing of macro risks has driven a selective rebound across risk assets, with Gate Ventures noting the S&P 500 up 3.48% on the week and the Nasdaq higher by 4.12%, even as WTI crude dropped more than 14%. In crypto, the firm\u2019s latest weekly report cited Bitcoin rising about 2.5% and Ethereum 3.9%, alongside roughly $786 million of net inflows into spot BTC ETFs and $187 million into spot ETH ETFs, even as market sentiment remains locked in \u201cextreme fear.\u201d<\/p>\n
According to Gate Ventures on X, \u201ccrypto markets rebounded last week, with BTC up 4.6% and ETH up 6.4%, although sentiment remained firmly in Extreme Fear at 11,\u201d underscoring how flows remain cautious despite price relief. The report highlighted Toncoin as one of the week\u2019s stand\u2011out performers, gaining 15.9% on the back of network upgrades, while pointing to Hong Kong\u2019s first stablecoin licences for Anchorpoint and HSBC as evidence that \u201ccapital and narratives\u201d are coalescing around assets with stronger fundamentals and regulatory support.<\/p>\n
In Hong Kong, Anchorpoint Financial Technology \u2014 a joint venture backed by Standard Chartered Bank (Hong Kong), HKT and Animoca Brands \u2014 has secured a stablecoin issuer licence from the Hong Kong Monetary Authority under the city\u2019s new Stablecoins Ordinance and plans to launch a Hong Kong dollar stablecoin, HKDAP, in the second quarter of 2026. Anchorpoint said it \u201ctargets to issue the regulated Hong Kong dollar\u2011backed stablecoin HKDAP (i.e. HKD At Par) with a phased approach from the second quarter of this year,\u201d with each token backed 1:1 by high\u2011quality, highly liquid HKD\u2011denominated reserves in line with HKMA rules.<\/p>\n
Animoca Brands\u2019 group president Evan Auyang has framed a regulated HKD stablecoin as core market plumbing rather than a speculative bet, arguing that \u201cstablecoins are the bridge between native and enterprise Web3\u201d and that \u201cmainland assets going global need a Hong Kong dollar stablecoin.\u201d He added that such a coin is \u201ccrucial for Hong Kong\u2019s financial infrastructure\u201d and would support \u201cgames, trade, and 24\/7 financial settlement,\u201d tying HKDAP directly to Web3 gaming and cross\u2011border commerce.<\/p>\n
Stablecoin issuer Tether, meanwhile, has launched tether.wallet, a self\u2011custody digital wallet designed to put its global payments and funding rails directly in users\u2019 hands. In its announcement, Tether said the product aims to bring its \u201cglobal financial infrastructure directly in the hands of users,\u201d extending its reach from back\u2011end settlement into consumer\u2011facing tools.<\/p>\n
Paxos Labs, a spin\u2011off from regulated stablecoin issuer Paxos, has raised $12 million in a funding round led by Blockchain Capital with participation from Robot Ventures, Maelstrom and Uniswap Labs, to power white\u2011label stablecoin infrastructure. Paxos CEO and Paxos Labs chief executive Chad Cascarilla said the firm will focus on helping large enterprises \u201ccreate and manage their own branded stablecoins,\u201d signalling persistent institutional demand for programmable money even through risk\u2011off cycles.<\/p>\n
On the trading side, Binance Wallet has rolled out perpetual contract trading and an \u201cAlpha points\u201d campaign running from April 14 to April 28, 2026, with users who reach $1,000 in perp volume during the event earning 3 Alpha points and rewards due by May 12. At the same time, on\u2011chain watchers are tracking heavy flows around Binance\u2011linked assets, including Binance Life and Binance Coin.<\/p>\n
<\/p>\n
On\u2011chain analyst Yu Jin flagged a suspected Binance Life controller cluster withdrawing 50.5 million Binance Life tokens \u2014 around $16.08 million \u2014 from Binance via six wallets, accumulating 197 million tokens in total, or roughly 19.7% of supply worth about $62.58 million. Separately, data firm Onchain Lens reported that over three days, 15 newly created wallets withdrew about 138.26 million Binance coins from Binance, worth around $30.78 million, suggesting sizeable, concentrated positioning in the broader Binance stack even as Gate Ventures characterizes wider market flows as cautious.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto is trying to shake off \u201cextreme fear\u201d just as Hong Kong\u2019s HKDAP stablecoin, Tether\u2019s new wallet and big Binance-linked flows redraw the market\u2019s risk map. Summary BTC and ETH…<\/p>\n","protected":false},"author":1,"featured_media":16044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25860"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25860\/revisions"}],"predecessor-version":[{"id":25861,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25860\/revisions\/25861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/16044"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}