Monthly Market Update (July)

July 2025 proved to be a milestone month for crypto markets, balancing new price highs with historic regulatory breakthroughs. Bitcoin soared past its previous peak, reaching a record ~$123,091 on 14 July amid greater regulatory clarity in the US which passed a trifecta of crypto bills (the GENIUS Act, CLARITY Act, and an anti-CBDC measure) through the House with broad bipartisan support during the US Crypto Week.
Bitcoin Macro Market Co-movement

Satoshi Nakamoto mined the first block of Bitcoin in 2009, and a digital currency and payment system has been born ever since. Early community discussions and related literature studies focused on whether Bitcoin is a currency or an asset, and what risk-return attributes it has. After identifying Bitcoin’s more asset-oriented positioning, scholars began to compare Bitcoin with traditional assets, such as gold, and investigated whether it could be used as an effective money market hedging tool alongside Bitcoin’s safe-haven attributes.The strong outbreak of Bitcoin, especially in the aftermath of the COVID-19 crisis, has led to more research focusing on the linkage between Bitcoin, as a part of the global financial markets, and particular financial asset classes (e.g., stocks, currencies, foreign exchange).
HashKey OTC Global: Experiencing OTC Global Services Globally

HashKey OTC Global is a regulated over-the-counter (OTC) trading platform specializing in crypto and fiat conversions for institutional investors, high-net-worth individuals (HNWIs), and enterprises. As part of the HashKey Group, it provides secure, compliant, and efficient on/off-ramp services, ensuring seamless transitions between digital assets and traditional currencies. HashKey OTC Global is positioned as an international […]
HashKey Exchange Teams Up with Coins.ph for HK–Philippines Seamless Crypto Service Corridor

Hong Kong, Jul. 14, 2025 — HashKey Exchange, Hong Kong’s largest* licensed virtual asset exchange, today announced a strategic partnership with Coins.ph, the Philippines’ leading crypto exchange and digital wallet platform. This collaboration marks HashKey Exchange’s strategic entry across Southeast Asia and sets the stage for a new era of compliant, digital asset-powered infrastructure between two […]
HashKey OTC Global: Introducing Our On/Off Ramp Services

HashKey OTC Global‘s on/off ramp services are designed to bridge the gap between traditional finance and digital assets while delivering a compliant and secure experience for institutions and accredited traders such as trading companies, e-commerce companies, multinational corporations, etc. With access to a wide range of global currencies and numerous top digital asset tokens, HashKey […]
HashKey Group Completes Strategic Investment in Asseto to Accelerate RWA Tokenization

Hong Kong, Jul. 7, 2025 — HashKey Group, Asia’s leading digital asset financial services group, today announced the completion of a strategic investment in fintech firm Asseto Holdings Limited (“Asseto”). This partnership marks a deep collaboration between both parties in the field of RWA (Real World Assets) tokenization, with the shared goal of building an […]
Monthly Market Update (June)

June 2025 saw the financial markets navigate significant macroeconomic and geopolitical turbulence while still achieving notable milestones. Macroeconomic uncertainties was accentuated by a sudden Middle East crisis as hostilities escalated between Israel and Iran, threatening oil supply via the Strait of Hormuz. However, after 12 days of airstrikes that saw the United States also participating in the attack against Iran, Israel and Iran have agreed to a ceasefire which momentarily lifted market sentiments.
HashKey Chain Partners with GF Securities (Hong Kong) to Launch First Tokenized Security with End-to-End On-Chain Deployment and Issuance

Hong Kong, Jun. 27, 2025 – HashKey Chain has officially announced that GF Securities (Hong Kong) has become the first securities firm in Hong Kong to issue tokenized securities by fully integrating with HashKey Chain as its core on-chain issuance network. GF Securities (Hong Kong) has launched the first daily-interest-accruing, daily-redeemable tokenized securities, named “GF […]
Next Phase of RWA — Tokenized Equity

Institutional uptake of stablecoins and tokenized real‑world assets (RWAs) has accelerated markedly: stablecoins now exceed $250 billion in market value, while RWA assets under management have risen from $15.7 billion to $23.91 billion year‑to‑date, propelled chiefly by tokenized private credit and Treasury products.