HSBC, StanChart Lead Hong Kong Stablecoin Licenses; Pepeto Raises $7.99M as New Crypto Focus

HSBC, StanChart Lead Hong Kong Stablecoin Licenses; Pepeto Raises $7.99M as New Crypto Focus

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News Editor 01
2026-07-23 10:40:14
HSBC and Standard Chartered are expected to be among the first to receive Hong Kong stablecoin licenses. Meanwhile, Pepeto's presale has raised $7.99 million, offering cross-chain trading and 198% APY staking, while Bitcoin Hyper raised $31 million with no launch date and PEPE price languishes.
HSBCStandard CharteredHong Kong stablecoinPepetoPepe

HSBC and Standard Chartered are anticipated to be among the first recipients of Hong Kong stablecoin licenses, signaling a rapid rush by traditional banks into digital assets, according to Bloomberg. Meanwhile, Pepeto, a project backed by the co-founder who built Pepe to a $7 billion market cap, has raised $7.99 million in its presale, becoming a new focal point in the crypto space.

Pepeto: $7.99M Presale and Three Exchange Products

While many traders scan headlines, $7.99 million has already flowed into Pepeto's presale. The project offers PepetoSwap, a zero-fee exchange operating across three blockchains; a bridge that moves assets without gas penalties; and an AI-driven token screening system. All smart contracts have been audited by SolidProof. Investors can stake tokens for a 198% APY, compounded daily. The presale is nearing its end as mainstream media coverage grows.

Bitcoin Hyper: $31M Raised, No Launch Date

Bitcoin Hyper positions itself as a Bitcoin native Layer 2 running on the Solana Virtual Machine. Despite raising more than $31 million, the team has not confirmed an exact launch date and rarely posts development updates. The whitepaper targeted a Q1 2026 launch, but that quarter has passed without confirmation. Analysts warn that investing based solely on fundraising without a timeline or progress creates heightened risk.

PEPE Price at $0.0000033; No Products Behind Hype

As of March 15, PEPE trades at $0.0000033 per CoinMarketCap, far below its all-time high. The token once hit a $7 billion market cap on hype alone, but without any underlying products, its price has bled steadily as initial excitement faded. The co-founder who built PEPE has applied the lesson, returning with three exchange products, a SolidProof audit, and a low-valuation presale. Early Pepe entrants have already moved into Pepeto, compounding at 198% APY while others wait for a PEPE rebound that products cannot sustain.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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