Gate News: Latest Crypto News and Cryptocurrency Prices

00:48

Golden financial report, the market shows that BTC broke through $64,500 and is now quoted at $64,519.99, an intraday pump of 1.94%, the market fluctuation is large, please do a good job of risk control. Golden Finance previously reported that six Hong Kong virtual asset Spot ETF were officially listed on the Hong Kong Stock Exchange on April 30, including ChinaAMC (Hong Kong), Bosera International, Harvest International's Bitcoin Spot ETF and Ether coin Spot ETF. Sin Sujun, chief analyst of Bloomberg Industry Research ETF Asia-Pacific, believes that the Assets Under Management of Hong Kong's Bitcoin and Ether coin Spot ETF is expected to reach US$1 billion, but whether it can be realized in the end depends on the speed of infrastructure and ecosystem development.

BTC-1.61%

ETH-1.33%

09:14

Bloomberg ETF Asia-Pacific Chief Analyst: Hong Kong Spot Bitcoin and Ether coin ETF AUM is expected to reach $1 billion Hong Kong's Spot Bitcoin and Ether coin ETF ETF Assets Under Management is expected to reach US$1 billion, but whether this can be achieved may depend on how quickly infrastructure and ecosystems improve, said Sin Sujun, chief analyst for Asia Pacific at Bloomberg Industry Research. There is strong demand for retail and institutional ETFs in Hong Kong, with both types of investors showing interest in virtual assets, although the innovative nature of such products means that the infrastructure of virtual asset ETFs will take time to mature. Once the ETF ecosystem develops, competition in the market is expected to become more intense, capital flows may increase, pricing will be more accurate, spreads will narrow, liquidity will increase, and fees will also be lower.

BTC-1.61%

ETH-1.33%

06:46

A Hong Kong physical bitcoin ETF could be a significant market opportunity

According to a research report by ETF analyst Rebecca Sin, Hong Kong aims to achieve the creation and redemption of spot bitcoin ETFs in the second quarter, which could be a significant market opportunity to significantly increase the assets under management (AUM) and trading volume of bitcoin ETF issuers in the region. According to the report, Hong Kong's goal is to create ETFs in kind, which is completely different from the United States, which only allows the use of cash, i.e., "cash in, bitcoin ETF out", while Hong Kong is "bitcoin in, ETF out", which could be an opportunity for the market.

BTC-1.61%

SIN-8.39%

17:28

PANews reported on March 27 that according to Bloomberg, the Hong Kong Securities and Futures Commission (SFC) may allow the physical creation and redemption of Bitcoin spot ETFs in the second quarter of this year. Bloomberg ETF analyst Rebecca Sin said that although no spot ETF has been approved yet, it seems to be only a matter of time. Analysts also said that in addition to approving spot ETFs, the Hong Kong Securities and Futures Commission will also allow physical redemptions, which is an important difference from US Bitcoin spot ETFs that only allow cash redemptions.

BTC-1.61%

SIN-8.39%

14:12

According to the latest research report released by Bloomberg ETF analyst Rebecca Sin, Hong Kong is expected to achieve the creation and redemption of spot bitcoin ETFs in the second quarter of this year, which could be a significant market opportunity to significantly increase the assets under management (AUM) and trading volume of bitcoin ETF issuers in the region. According to the report, Hong Kong's goal is either to create ETFs using physical Bitcoin, which is completely different from the United States, which only allows the use of cash, i.e., "cash in, Bitcoin ETF out", while Hong Kong is "Bitcoin in, ETF out". （Cointelgraph）

BTC-1.61%

SIN-8.39%

23:54

PANews news on January 22, Ethereum co-founder Vitalik Buterin tweeted that in the two crises involving SBF and OpenAI's boards, the main lesson is that "public legitimacy should be more respected." SBF's sin is fraud, and OpenAI's board of directors is guilty of making a big decision suddenly and feeling entitled not to explain it to the public. This principle must be respected by both individuals and organizations in the crypto space. Vitalik believes that large companies should be more open to avoid crises like FTX.

ETH-1.33%

14:19

Ethereum co-founder Vitalik Buterin reflected on two major crises on social media: the first involves Sam Bankman-Fried, the second involves the OpenAI board, and the core of Vitalik is the concept of "public legitimacy". Vitalik suggests that both individuals and organizations in the crypto space must have a deep respect for this principle, and that the fundamental sin in both cases is not just to take controversial actions, but to neglect to have a transparent and responsible dialogue with the public. Vitalik believes that large companies should be more open to avoid crises like FTX.

ETH-1.33%

08:00

According to Sin Chew, on December 6, Nvidia CEO Jensen Huang announced that it would work with Singapore to create a large language model in 11 languages to develop Singapore's homegrown artificial intelligence. On December 4, Singapore unveiled its National AI Strategy 2.0, and Huang said his trip would take an in-depth look with Prime Minister Lee Hsien Loong on how Nvidia can help, support and participate in the strategy.

12:59

PANews reported on November 12 that Austin Federa, director of strategy at the Solana Foundation, explained in a podcast how Solana builders are persevering in the depths of the bear market and continuing to enhance Solana's technology. Federa says Solana's recent performance enhancements have corrected many of the issues that plagued Solana's performance throughout the 2021 bull run. "I think you saw a lot of 'KOLs' tweeting 18 months ago that Solana's architecture was somehow fundamentally flawed and that they could never stabilize this thing because of the 'original sin' in the codebase – like the most radical statement on Twitter, which turned out to be not actually true," he said. ”

A Hong Kong physical bitcoin ETF could be a significant market opportunity

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