Latest Market Updates: As of 10th April 2026.
XRP Seen as Less Vulnerable to Quantum Risks
Recent analysis suggests that XRP may be significantly less exposed to future quantum computing threats than Bitcoin. Specifically, experts estimate that only 0.03% of XRP’s total supply is currently at risk, compared to roughly 35% of Bitcoin’s supply.
This disparity stems largely from how each network handles public key exposure. In particular, analysts note that XRP minimizes exposure more effectively, which could translate into stronger long-term security.
Additionally, XRP incorporates built-in safeguards such as key rotation systems and escrow time-lock mechanisms. Together, these features enhance its resilience against advanced threats. In contrast, Bitcoin does not provide these protections natively.
Hong Kong Issues First Stablecoin Licenses
Meanwhile, in Hong Kong, authorities have taken a significant step toward formalizing the stablecoin market.
The Hong Kong Monetary Authority (HKMA) has granted stablecoin issuer licenses to Standard Chartered and HSBC under the newly implemented Stablecoins Ordinance, with approvals taking immediate effect.
Both institutions are expected to roll out stablecoins in the second half of 2026, targeting use cases such as cross-border payments, domestic transactions, and digital asset trading.
HKMA Chief Executive Eddie Yue described the move as a key milestone, emphasizing the importance of balancing innovation with user protection and risk management. Deputy Chief Executive Daryl Ho added that future licenses will be issued cautiously and in limited numbers.
Ethereum Staking Reaches Record Highs
As regulatory clarity improves in some regions, institutional participation in crypto markets continues to accelerate, particularly within the Ethereum ecosystem.
Data from Onchain Lens shows that Grayscale’s Ethereum Mini Trust recently staked 83,200 ETH, valued at around $184 million. Notably, this move builds on the firm’s growing presence in Ethereum-based investment products.
Grayscale’s Ethereum ETFs are also reportedly leading in staking rewards, having generated nearly $8 million in yield so far. This sustained activity has contributed to a broader network trend.
Consequently, Ethereum staking has reached an all-time high. Data from Token Terminal shows that around $85 billion worth of ETH is now locked, highlighting both increased network security and growing adoption.
BREAKING: @ethereum's staking ratio surpassed 30%, marking an all-time high.
The Ethereum network is currently secured by ~$85 billion worth of staked ETH.
A development to follow 👇 pic.twitter.com/h0rKboTuuI
— Token Terminal 📊 (@tokenterminal) April 9, 2026
Japan Reclassifies Crypto as Financial Instruments
At the same time, Japan has redefined its classification of crypto assets.
Under amendments to the Financial Instruments and Exchange Act, crypto assets are now officially categorized as financial instruments, according to Nikkei. This shift brings stricter oversight and aligns digital assets more closely with traditional financial markets.
The updated rules introduce new restrictions, including a ban on insider trading based on undisclosed information. In addition, crypto issuers will also be required to provide annual disclosures to enhance transparency.
Previously, digital assets were regulated under the Payment and Settlement Act. However, the new classification reflects increasing institutional investment and ultimately signals Japan’s intent to integrate crypto into its broader financial system.
Binance Relocates UAE Staff to Asia Amid US-Iran War
Finally, geopolitical developments are also beginning to impact crypto operations, particularly in the Middle East.
Amid the ongoing US-Iran conflict, Binance is reportedly relocating staff from the UAE to key Asian hubs, including Hong Kong, Tokyo, Kuala Lumpur, and Bangkok, according to Wu Blockchain.
The UAE has been a major operational base for Binance, hosting over 1,000 employees and serving as a strategic hub following the exchange’s global licensing in Abu Dhabi in 2026.
Nevertheless, recent missile and drone incidents in Dubai have raised security concerns. Consequently, several crypto firms are reducing their presence in the area. Additionally, the 2049 Summit, originally scheduled in Dubai, has also been postponed by one year.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
