Daily Crypto News April 12: Hong Kong Spot ETF Choose Rich
Hong Kong is at the forefront, with the imminent approval of spot Bitcoin and Ether ETFs, signaling a strong institutional interest in cryptocurrency investments. This move is mirrored by China’s largest funds gearing up to invest, and the general sentiment among Chinese investors marks a keen re-entry into the crypto space.
Meanwhile, South Korea's political and economic climates are shaping its crypto market, with the recent elections poised to influence regulatory approaches and the ongoing trend of cryptocurrency trading at premium prices demonstrating robust local demand. In the regulatory domain, Singapore's granting of a crypto license to market maker GSR highlights the region’s efforts to establish a structured and supportive crypto environment.
Additionally, the gaming and legal sectors are not untouched; the FBI's subpoena of a Bitcoin Core developer over a theft case and the launch of the NFT-based game Nova Frontier X underline the diverse and expanding nature of crypto-related activities. These developments collectively depict a region that is increasingly becoming a hub for both crypto innovation and investment.
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https://substack.com/@dcndailycryptonews
News Links 👇
https://bitcoinmagazine.com/business/chinas-largest-funds-spot-bitcoin-etf-hong-kong
https://www.dlnews.com/articles/markets/chinese-investors-eye-return-to-crypto-with-hong-kong-poised-to-approve-bitcoin-etfs
https://decrypt.co/225885/cinematic-space-combat-game-nova-frontier-x-counts-down-to-nft-launch
https://decrypt.co/226007/fbi-subpoena-bitcoin-core-dev-theft
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