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Hong Kong retail investors have begun buying Bitcoin during the ongoing crypto crash, as the price of the world’s largest cryptocurrency dropped to levels not seen since before its 2025 peak. The sell-off has erased trillions of dollars from the global digital asset market, yet physical cryptocurrency shops in the city reported visible retail activity as prices declined.

The cryptocurrency sector has mounted an unprecedented humanitarian response to the devastating fire in Hong Kong’s Tai Po district that has claimed at least 65 lives, with hundreds of people still missing as of November 27.

Hong Kong’s largest crypto conference hit a political landmine after a senior regulator and a legislator . The withdrawals from Bitcoin Asia 2025 came shortly after the announcement that Eric Trump, son of U.S. President Donald Trump, would headline the event.

HSBC Holdings has launched Hong Kong’s first blockchain-based settlement service. It has launched a tokenized deposit program that converts traditional bank deposits into digital tokens on a blockchain platform. The initiative marks a step forward for fintech development in the city.