Hong Kong is launching Asia's first spot Bitcoin and Ether ETFs, potentially establishing itself as a crypto hub in the region, though mainland Chinese investors are currently restricted. The move could trigger a ripple effect across Asia, encouraging other regulators to explore similar initiatives, potentially reshaping the regional crypto investment landscape.
WeatherlyBlackRock's IBIT recorded its first $0 inflow day, breaking a 71-day streak, while other ETFs also faced outflows, signaling a temporary market downturn.
MiyukiVitalik Buterin criticizes ZKasino for exploiting zero-knowledge proofs, leading to a $32M rug pull and significant backlash from the crypto community.
WeiliangAllegations suggest that the crypto mixer was involved in processing $2 billion worth of illicit transactions and enabling money laundering activities totalling $100 million.
KikyoWorldcoin faces an orb shortage as demand for its iris-scanning technology surges. Despite challenges, Worldcoin aims to revolutionise finance through biometric authentication and blockchain innovation.
AnaisZach Pandl, the research director at Grayscale, suggests that investor interest in BTC is likely to persist, especially with the ongoing high expenditure and a longer, higher interest rate policy prevailing in the U.S. government.
AlexDespite a brief surge following last week's Bitcoin halving, the cryptocurrency market experienced a downturn in the latter half of this week. Low trading volume has characterized the post-halving period. Among major altcoins, Ethereum attempted a rebound, nearing $3200, but without a significant reversal; Solana faces a similar situation, struggling to break the $150 resistance; Ripple has been particularly volatile amid ongoing litigation with the SEC.
MiyukiThe company cautioned that a potential reversal by the SEC of its stance, maintained since 2018, regarding Ether's classification as a security, could have dire consequences for the network, potentially stifling innovation within the US.
CatherineThe US retirement fund GRP has disclosed that it holds investment exposure in 7 Bitcoin spot ETFs.
WeiliangThe sale of an "epic sat" during Bitcoin's fourth halving event for $2.13 million marks the growing value of unique digital assets in the cryptocurrency ecosystem. With Bitcoin's inflation rate now lower than gold's, it solidifies its status as a rare and coveted store of value in the digital realm.
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