Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

Shein Delays Hong Kong Stocks IPO to September 1st, Valuation Down 70%

Fast fashion e-commerce company Shein delayed its Hong Kong Stocks initial public offering to September 1st, according to a report by South China Morning Post on Thursday (20th). The company's valuation cap will not exceed $30 billion USD, down from nearly $100 billion in 2022, representing
LucasBennett·24m ago
Shein Delays Hong Kong Stocks IPO to September 1st, Valuation Down 70%

HSBC and Standard Chartered Complete First Swift Tokenised Deposit Transaction

HSBC and Standard Chartered completed the first live interbank transaction on Swift's blockchain-based ledger, moving tokenised deposit obligations between two separate banking systems. The transaction occurred about six weeks after Swift announced on July 9 that its ledger was ready for initial
CryptoFrontier·31m ago
HSBC and Standard Chartered Complete First Swift Tokenised Deposit Transaction