News
Upbit, a South Korean cryptocurrency exchange, represents over 80% of the trading volume in South Korea and ranks among the top five global exchanges by trading volume, closely competing with Coinbase. Last year, nearly 20% of the total deposits with its main banking partners came from Upbit’s customers. Link
HashKey Exchange has finalised the initial cryptocurrency subscription for the Bitcoin and Ethereum spot ETFs of Hong Kong Bosera International and HashKey Capital. This cryptocurrency redemption process does not necessitate the immediate sale of the underlying assets, providing cost and liquidity benefits. Today marks the beginning of fundraising for Hong Kong's cryptocurrency ETFs, which are set to be listed on the Hong Kong Stock Exchange on April 30th. Link
Morgan Stanley is considering permitting its 15,000 brokers to recommend spot Bitcoin ETFs to their clients. The firm is currently setting up the necessary infrastructure for these transactions, which includes defining risk tolerance criteria and imposing limits on allocations and trading frequencies. Link
Reuters reports that U.S. issuers and other companies anticipate that the SEC will reject their applications to launch spot ETH ETFs, following discouraging interactions with the agency, according to four sources. Recent discussions between the issuers and the SEC have been predominantly one-sided, with agency staff providing little substantive information regarding the proposed products. Link
Projects
WLD - Worldcoin is considering a partnership with OpenAI despite facing regulatory challenges. Link
Renzo - Renzo Protocol has raised the token allocation for its initial airdrop from 5% to 7% due to previous community dissatisfaction. The tokens will be released in two stages: 7% during the first season at the end of this month and an additional 5% in a later phase. Link
CryptoPunk - CryptoPunk #635 was sold for 4,000 ETH, equivalent to $12.41 million, on April 25th. This sale ranks as the sixth most expensive CryptoPunk transaction ever and the third most costly in 2024. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Upbit, a South Korean cryptocurrency exchange, represents over 80% of the trading volume in South Korea and ranks among the top five global exchanges by trading volume, closely competing with Coinbase. Last year, nearly 20% of the total deposits with its main banking partners came from Upbit’s customers. Link
HashKey Exchange has finalised the initial cryptocurrency subscription for the Bitcoin and Ethereum spot ETFs of Hong Kong Bosera International and HashKey Capital. This cryptocurrency redemption process does not necessitate the immediate sale of the underlying assets, providing cost and liquidity benefits. Today marks the beginning of fundraising for Hong Kong's cryptocurrency ETFs, which are set to be listed on the Hong Kong Stock Exchange on April 30th. Link
Morgan Stanley is considering permitting its 15,000 brokers to recommend spot Bitcoin ETFs to their clients. The firm is currently setting up the necessary infrastructure for these transactions, which includes defining risk tolerance criteria and imposing limits on allocations and trading frequencies. Link
Reuters reports that U.S. issuers and other companies anticipate that the SEC will reject their applications to launch spot ETH ETFs, following discouraging interactions with the agency, according to four sources. Recent discussions between the issuers and the SEC have been predominantly one-sided, with agency staff providing little substantive information regarding the proposed products. Link
Projects
WLD - Worldcoin is considering a partnership with OpenAI despite facing regulatory challenges. Link
Renzo - Renzo Protocol has raised the token allocation for its initial airdrop from 5% to 7% due to previous community dissatisfaction. The tokens will be released in two stages: 7% during the first season at the end of this month and an additional 5% in a later phase. Link
CryptoPunk - CryptoPunk #635 was sold for 4,000 ETH, equivalent to $12.41 million, on April 25th. This sale ranks as the sixth most expensive CryptoPunk transaction ever and the third most costly in 2024. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Upbit, a South Korean cryptocurrency exchange, represents over 80% of the trading volume in South Korea and ranks among the top five global exchanges by trading volume, closely competing with Coinbase. Last year, nearly 20% of the total deposits with its main banking partners came from Upbit’s customers. Link
HashKey Exchange has finalised the initial cryptocurrency subscription for the Bitcoin and Ethereum spot ETFs of Hong Kong Bosera International and HashKey Capital. This cryptocurrency redemption process does not necessitate the immediate sale of the underlying assets, providing cost and liquidity benefits. Today marks the beginning of fundraising for Hong Kong's cryptocurrency ETFs, which are set to be listed on the Hong Kong Stock Exchange on April 30th. Link
Morgan Stanley is considering permitting its 15,000 brokers to recommend spot Bitcoin ETFs to their clients. The firm is currently setting up the necessary infrastructure for these transactions, which includes defining risk tolerance criteria and imposing limits on allocations and trading frequencies. Link
Reuters reports that U.S. issuers and other companies anticipate that the SEC will reject their applications to launch spot ETH ETFs, following discouraging interactions with the agency, according to four sources. Recent discussions between the issuers and the SEC have been predominantly one-sided, with agency staff providing little substantive information regarding the proposed products. Link
Projects
WLD - Worldcoin is considering a partnership with OpenAI despite facing regulatory challenges. Link
Renzo - Renzo Protocol has raised the token allocation for its initial airdrop from 5% to 7% due to previous community dissatisfaction. The tokens will be released in two stages: 7% during the first season at the end of this month and an additional 5% in a later phase. Link
CryptoPunk - CryptoPunk #635 was sold for 4,000 ETH, equivalent to $12.41 million, on April 25th. This sale ranks as the sixth most expensive CryptoPunk transaction ever and the third most costly in 2024. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
