Shares of Hashkey Holdings in Hong Kong were flat post-IPO, reflecting the city’s growing interest in digital assets. Hashkey’s exchange facilitated $218B in trading volume, with $36M in revenue for the first half of 2025. The firm raised $206M in its IPO and operates in a crypto-friendly environment with clear regulations.

Hong Kong is positioning itself as a hub for digital assets, licensing 11 exchanges, including Hashkey’s. The city’s stablecoin ordinance and regulatory clarity attract institutional capital. While mainland China bans digital currency trading, Hong Kong’s embrace signals potential future trends in Beijing’s approach to digital assets.

Other crypto companies like Circle, Bullish, and Gemini have gone public this year, raising over $1 billion each. However, their shares have faced declines, mirroring the broader crypto market downturn. Despite this, Hong Kong remains a top IPO destination, with Hashkey’s debut adding to the city’s resurgence in global capital markets. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points due to concerns over escalating trade tensions between the US and China.

2. The latest unemployment numbers show a decrease in jobless claims, with only 200,000 new claims filed last week. This marks the lowest level since the pandemic began.

3. A new study reveals that 70% of Americans have received at least one dose of the COVID-19 vaccine, surpassing the government’s goal of 70% by July 4th.

4. In entertainment news, the highly anticipated summer blockbuster “Black Widow” grossed over $80 million in its opening weekend, setting a new record for pandemic-era box office sales.

5. Climate change activists are calling for urgent action after a report shows that global temperatures have risen by 1.5 degrees Celsius since pre-industrial times, leading to more frequent and severe natural disasters.

Read more at Yahoo Finance: HashKey shares start trading in Hong Kong, as the city increasingly embraces crypto