Hong Kong’s stablecoin rules are set to launch this August, and JD.com is quietly making its move.
According to local media, JD CoinChain, JD.com’s blockchain arm, has registered the names “JCOIN” and “JOYCOIN”, which are believed to be the company’s upcoming stablecoins, as per a report from Hong Kong media outlet, Ming Pao.
JD’s Stablecoin Plans Aim for Real-World Payments
The upcoming “Jingdong stablecoin” is 1:1 pegged to the Hong Kong dollar and issued on a public blockchain with a mission to become one of the leading digital currencies for businesses and individuals.
Based on available filings, JCOIN and JOYCOIN will offer electronic money transfers and crypto transactions using blockchain technology.
JD CoinChain Joins HKMA’s Sandbox for Cross-Border Trials
JD CoinChain is an official participant in the Hong Kong Monetary Authority’s stablecoin sandbox initiative. In July last year, the company teamed up with Skystar Bank, a virtual bank backed by Xiaomi and Futu, to explore how stablecoins could be used for cross-border payments.
By June, the company was already testing a Hong Kong dollar stablecoin along with other fiat-backed stablecoins. CEO Liu Peng said that the next phase will focus on real-world use cases, including cross-border payments, investment transactions, and retail payments.
JD CoinChain’s website has also warned users to look out for scams, as it shared that the stablecoin has not been issued yet.
HKMA’s Stablecoin Framework Launches August 1
The Hong Kong Monetary Authority is all set to roll out its stablecoin regulatory framework this Friday, on August 1. The guidelines cover licensing requirements and include rules on Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF).
As part of the rollout, the authority will launch a public registry of licensed stablecoin issuers to promote transparency in the sector. So far, no licenses have been granted. The HKMA has also advised users to be cautious of anyone claiming to be licensed or currently applying under the new framework.
With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and questions. June 28 isn’t just a date for Pi fans — it’s shaping up to be a moment that could decide if Pi finally grows up or stays stuck in its old problems.
After a tough year with falling prices and slow trust, this event might be Pi’s chance to win people back.
Pi Mainnet Launch – Not Enough?
Earlier this year, Pi took a big step by launching its open mainnet. That move gave millions of users the freedom to move tokens, build apps, and run their nodes. More than 13 million people have migrated since February.
But the token’s value still slipped under $0.50, showing that many traders and early pioneers still worry about Pi’s true strength.
What are These Pi2Day Promises?
Pi2Day is Pi’s yearly check-in with its huge community. Last year’s Pi2Day helped 4.5 million people finish KYC checks and try out apps. This time, the Pi team is promising tools to fix old problems.
There’s a new KYC “sync” button for stuck verifications, extra wallet access even for partly KYC’d users, and fresh security tools like 2FA.
They’re also planning better ways to find apps and make money using Pi’s new ad system.
And many users are excited about the “.pi” domains — Pi’s own Web3 names, just like .eth. Over 57,000 domains are already claimed, and Pi wants developers to use them for real work, not just flip them for profit.
Real Shops, Real Payments — Not Hype
In addition to it, Pi is pushing real-world use too. In March, over 58,000 merchants accepted Pi during the PiFest event, with 1.8 million users using the “Map of Pi” tool to find real-world businesses accepting the token.
That kind of traction, combined with a $100M Pi Ventures fund supporting new projects, is what could make or break its reputation.
Still, the question remains: will Pi2Day finally bring exchange listings or deeper AI integrations? No official word yet.
As Pi2Day arrives, hopes are high. If Pi shows real progress, trust may return. If not, the doubts will only grow.
The post Pi Network Mainnet, KYC Fixes, and More — What to Expect on Pi2Day appeared first on Coinpedia Fintech News
With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and questions. June 28 isn’t just a date for Pi fans — it’s shaping up to be a moment that could decide if Pi finally grows up or stays stuck in its old problems. After a tough year with falling prices …
Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level, creating a make-or-break situation. For the past 11 days, ADA has been fluctuating between $0.70 and $0.74, now testing the lower boundary of this range.
ADA’s Current Price Momentum
Besides this consolidation, ADA’s current price is also supported by an ascending trendline that has been intact since the beginning of March 2025. The asset is currently trading near $0.71 and has registered a modest price surge of over 0.50% in the past 24 hours.
Cardano (ADA) Technical Analysis and Key Levels
According to expert technical analysis, ADA is already forming a symmetrical triangle pattern alongside its ongoing consolidation. If the asset breaks out of this pattern and closes a four-hour candle above the $0.74 level, there is a strong possibility it could breach the consolidation and surge by 15% to reach the $0.85 mark.
Source: Trading View
As of now, the asset holds the potential to rise by 3%, meaning it could easily reach the $0.736 level. This prediction applies to a lower time frame. However, on a higher time frame, ADA’s daily chart suggests that a major rally will only begin once the asset closes a daily candle above the $0.85 level.
With the ongoing bearish market sentiment and an unclear pattern, traders and investors seem to be participating less in ADA, resulting in a record drop in trading volume, as reported by the on-chain analytics firm Santiment.
Source: Santiment
Data reveals that the asset’s trading volume is at its lowest since the beginning of 2025. Moreover, in the past 24 hours, the volume has dropped further by 15%.
The post Cardano (ADA) Price Prediction For March 23 appeared first on Coinpedia Fintech News
Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level, creating a make-or-break situation. For the past 11 days, ADA has been fluctuating between $0.70 and $0.74, now testing the lower boundary of this range. ADA’s Current Price Momentum Besides this consolidation, ADA’s current …
Several interesting developments happened this week in crypto, cutting across diverse ecosystems. Key highlights, however, centered on Bitcoin (BTC) and XRP ecosystems.
In case you missed it, here is a roundup of the top stories this week in crypto.
Bitcoin Tests $97,000
Starting the list of what happened this week in crypto, Bitcoin tested the $97,000 milestone for the first time since February 2025. However, as of this writing, the pioneer crypto pulled back shortly after and was trading for $96,731.
Another key highlight this week in crypto concerned speculation of a possible collaboration between the Sui blockchain and Pokémon. Amidst these talks, the SUI price soared over 60% within the week.
These rumors sparked after a privacy policy update for Pokémon HOME featured Parasol Technologies, LLC, as a new developer. Parasol Technologies is a Web3 gaming infrastructure company that Sui’s developer, Mysten Labs, acquired in March 2025.
Nevertheless, changes in one of the circulating documents quelled the speculation, clarifying what had been a key driver for the SUI price this week.
“The official Sui Foundation blog confirmed (and removed) Pokémon NFTs. They seem to be developing a cloud infrastructure that uses blockchain technology to address bugs, hacks, and duping while enabling transfers between compatible games—something that is already possible with Pokémon Home,” another user highlighted.
Nevertheless, the correction did not quell speculation that Parasol may be involved in developing new features for Pokémon.
The SUI price has fallen almost 3% in the last 24 hours. As of this writing, it was trading for $3.47.
ProShares XRP ETF Rumors
Adding to the list of speculation this week in crypto, rumors spread that the US SEC (Securities and Exchange Commission) had approved a ProShares XRP ETF (exchange-traded fund).
However, BeInCrypto shut down these claims, articulating that the approval was for ProShares’ Leveraged and Short XRP Futures ETFs. ETF analyst James Seyffart also provided further clarity, deeming the allegations false.
“UPDATE: A lot of people posting/reporting that ProShares will be launching XRP ETFs on April 30th. We have confirmed that this is not the case. We do not have a confirmed launch date yet but we believe they will launch — and likely launch in the short or possibly medium term,” Seyffart explained.
ProShares launched three futures-based ETFs: the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF. This development followed the launch of Teucrium’s 2x Long Daily XRP ETF in early April.
ProShares’ XRP Futures ETF Sparked Optimism
Meanwhile, the approval of ProShares XRP futures ETF sparked optimism, inspiring sentiment that a spot XRP ETF would be next.
According to forecasts by industry expert Armando Pantoja, the move could lead to substantial capital inflow into the altcoin.
“A spot XRP ETF could be next, unlocking real demand and sending prices soaring. $100 billion+ could soon flood into XRP,” he wrote.
Pantoja recognized that the approval marked a significant turning point for the industry, expanding XRP’s investor base.
The approval cleared the runway for the XRP ETF, granting Ripple’s token a regulated and accessible avenue for major financial players to engage.
“Futures ETF = first domino. Spot ETF = the tipping point. XRP’s long-term setup just got way stronger,” Pantoja remarked.
Another analyst was more measured amid heightened optimism, noting that the futures ETF was not the game-changer many might expect.
“It’s not the silver bullet that will trigger mass adoption or massive price action. The real catalyst will come when a Spot XRP ETF gets approved. Real tokens. Real demand. Real market impact,” John Squire posted.
SEC Delays XRP ETF Decision
To add to the list of developments in the XRP ecosystem this week in crypto, the US SEC delayed its decision on a prospective XRP ETF until June 17.
Before this news broke, crypto market participants awaited the final decision of XRP, Dogecoin (DOGE), and Ethereum staking ETFs. However, these were all put off.
“These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the XRP spot ETF, [I am] eyeing mid-October, around the 18th, as a final decision deadline. It’s possible the SEC won’t take all that time to make its decision, but a lot will hinge on how actively they engage on the applications,” Seyffart explained.
For now, over 70 active ETF proposals await the securities regulator’s verdict. XRP ETF’s June deadline is not final, but the commission could still enact further delays until mid-October.
Meanwhile, data from Polymarket shows that bettors see a 34% chance that the financial instrument will be approved by July 31.