Crypto is trying to shake off “extreme fear” just as Hong Kong’s HKDAP stablecoin, Tether’s new wallet and big Binance-linked flows redraw the market’s risk map.
Summary
- BTC and ETH post modest weekly gains as macro tensions ease, but sentiment stays in “extreme fear.”
- Hong Kong’s first HKD stablecoin licences, Tether’s new wallet and a Paxos Labs funding round underline institutional stablecoin bets.
- Large on‑chain flows around Binance‑linked assets signal aggressive positioning despite fragile risk appetite.
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…
