Here is what happened yesterday in the crypto market:
Hong Kong to Allow Crypto Derivatives Trading
Hong Kong’s Securities and Futures Commission is planning to permit professional investors to trade crypto derivatives, signaling further expansion of virtual asset regulation in the region. This move reflects Hong Kong’s ambition to become a major crypto hub.
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Investment Advisors Increase Holdings of Spot Bitcoin ETFs
SEC filings reveal a growing institutional presence in U.S. spot crypto ETFs, with investment advisors leading the charge. This increasing adoption by traditional financial entities highlights the mainstream acceptance of Bitcoin and Ether ETFs.
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Circle’s Shares Surge After IPO
Circle (CRCL) experienced a significant surge in its stock price during its first day of trading on the New York Stock Exchange, closing at $83 after an IPO price of $31. The strong market performance indicates substantial investor interest in the stablecoin issuer.
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Trump Media Files for Spot Bitcoin ETF
Trump Media and Technology Group, which operates Truth Social, has filed with the SEC to launch a spot Bitcoin ETF, showing continued interest in cryptocurrency investment products.
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US Seizes Domains and Crypto Linked to Dark Web Market
The U.S. government seized 145 darknet and internet domains, along with cryptocurrency funds, connected to BidenCash, a marketplace for stolen credit card data, underscoring ongoing efforts to combat illicit activities in the crypto space.
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