News
Three Bitcoin and Ethereum spot ETFs have now begun trading in Hong Kong. Additionally, individuals who are not residents of Hong Kong can subscribe to or purchase these ETFs, provided they comply with local regulations, including completing customer due diligence checks. Link
At market close today, the combined trading volume of the first six Bitcoin and Ethereum spot ETFs issued in Hong Kong amounted to just 87.58 million HKD (approximately 12 million USD). This is in stark contrast to the U.S. Bitcoin ETF, which saw a first-day trading volume of 4.6 billion USD, 383 times higher than that recorded in Hong Kong. Link
BlackRock's BUIDL has reached $375 million in assets under management, surpassing Franklin Templeton's on-chain mutual fund by almost $7 million. Link
HashKey Group announced its commitment to acquiring renewable energy certificates proportionate to the holdings of HK Boshi's HashKey Bitcoin ETF. Furthermore, they plan to establish a "Green Bitcoin ETF" section on GreenBTCClub to counterbalance the carbon emissions from the historical energy consumption of global Bitcoin mining. Link
Judge Richard Jones has disagreed with the DOJ's recommendation to increase the sentencing guidelines, which would extend the sentence from 18 months to 3 years. He stated that there is no evidence indicating the defendant, CZ, was ever informed of any illegal activities. Link
Projects
EigenLayer - The largest independent depositor of Eigen Layer, identified by Arkham as belonging to Justin Sun's team under the address (0x17...a132), received an airdrop of 2,087,868.186 EIGEN. Link
Solana - The FTX estate is finalising the sale of additional locked Solana tokens today, following a larger batch sold in March. Sources have informed The Block that successful bids for the tokens ranged between $95 and $110 each. Link
AVAX - Avalanche has teamed up with Stripe to facilitate fiat-to-crypto onboarding, enabling users to directly purchase AVAX within Web3 applications. 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
Three Bitcoin and Ethereum spot ETFs have now begun trading in Hong Kong. Additionally, individuals who are not residents of Hong Kong can subscribe to or purchase these ETFs, provided they comply with local regulations, including completing customer due diligence checks. Link
At market close today, the combined trading volume of the first six Bitcoin and Ethereum spot ETFs issued in Hong Kong amounted to just 87.58 million HKD (approximately 12 million USD). This is in stark contrast to the U.S. Bitcoin ETF, which saw a first-day trading volume of 4.6 billion USD, 383 times higher than that recorded in Hong Kong. Link
BlackRock's BUIDL has reached $375 million in assets under management, surpassing Franklin Templeton's on-chain mutual fund by almost $7 million. Link
HashKey Group announced its commitment to acquiring renewable energy certificates proportionate to the holdings of HK Boshi's HashKey Bitcoin ETF. Furthermore, they plan to establish a "Green Bitcoin ETF" section on GreenBTCClub to counterbalance the carbon emissions from the historical energy consumption of global Bitcoin mining. Link
Judge Richard Jones has disagreed with the DOJ's recommendation to increase the sentencing guidelines, which would extend the sentence from 18 months to 3 years. He stated that there is no evidence indicating the defendant, CZ, was ever informed of any illegal activities. Link
Projects
EigenLayer - The largest independent depositor of Eigen Layer, identified by Arkham as belonging to Justin Sun's team under the address (0x17...a132), received an airdrop of 2,087,868.186 EIGEN. Link
Solana - The FTX estate is finalising the sale of additional locked Solana tokens today, following a larger batch sold in March. Sources have informed The Block that successful bids for the tokens ranged between $95 and $110 each. Link
AVAX - Avalanche has teamed up with Stripe to facilitate fiat-to-crypto onboarding, enabling users to directly purchase AVAX within Web3 applications. 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
Three Bitcoin and Ethereum spot ETFs have now begun trading in Hong Kong. Additionally, individuals who are not residents of Hong Kong can subscribe to or purchase these ETFs, provided they comply with local regulations, including completing customer due diligence checks. Link
At market close today, the combined trading volume of the first six Bitcoin and Ethereum spot ETFs issued in Hong Kong amounted to just 87.58 million HKD (approximately 12 million USD). This is in stark contrast to the U.S. Bitcoin ETF, which saw a first-day trading volume of 4.6 billion USD, 383 times higher than that recorded in Hong Kong. Link
BlackRock's BUIDL has reached $375 million in assets under management, surpassing Franklin Templeton's on-chain mutual fund by almost $7 million. Link
HashKey Group announced its commitment to acquiring renewable energy certificates proportionate to the holdings of HK Boshi's HashKey Bitcoin ETF. Furthermore, they plan to establish a "Green Bitcoin ETF" section on GreenBTCClub to counterbalance the carbon emissions from the historical energy consumption of global Bitcoin mining. Link
Judge Richard Jones has disagreed with the DOJ's recommendation to increase the sentencing guidelines, which would extend the sentence from 18 months to 3 years. He stated that there is no evidence indicating the defendant, CZ, was ever informed of any illegal activities. Link
Projects
EigenLayer - The largest independent depositor of Eigen Layer, identified by Arkham as belonging to Justin Sun's team under the address (0x17...a132), received an airdrop of 2,087,868.186 EIGEN. Link
Solana - The FTX estate is finalising the sale of additional locked Solana tokens today, following a larger batch sold in March. Sources have informed The Block that successful bids for the tokens ranged between $95 and $110 each. Link
AVAX - Avalanche has teamed up with Stripe to facilitate fiat-to-crypto onboarding, enabling users to directly purchase AVAX within Web3 applications. 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.
