Source: The Block Christopher Hui, Secretary for Financial Services and the Treasury, said that the in-kind subscription and redemption feature of the city’s six spot crypto exchange-traded funds gives investors more flexibility. The three Hong Kong spot bitcoin ETFs recorded $6.67 million in total daily trading volumes on Tuesday, compared to $2.35 million on Friday.… Continue reading Hong Kong’s top finance official touts flexible crypto ETF features amid web3 push
Category: Market News
MetaMask launches pooled staking for Ethereum, excluding US and UK users
Source: The Block MetaMask has rolled out a pooled staking service, enabling ether holders to stake any amount with validators operated by its developer, Consensys. However, the new service is not available in all regions, with MetaMask users in the UK and U.S. initially restricted from accessing pooled staking. MetaMask developer Consensys has launched pooled… Continue reading MetaMask launches pooled staking for Ethereum, excluding US and UK users
First Web3 Integrations With Blackrock And The RWA Trend
Source: Forbes The Real-World Asset (RWA) trend has emerged as a significant sector in the financial industry, blending traditional finance with blockchain technology, peaking in 2024. Leading asset management company BlackRock has made major advancements in Real World Assets (RWA) after the Bitcoin ETF launch earlier this year, now managing $21 billion in BTC volume.… Continue reading First Web3 Integrations With Blackrock And The RWA Trend
Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain
Source: CoinDesk The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund with Onyx Digital Assets. Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to tokenize a money market fund. The move means improved efficiency in delivering margin requirements and a reduction in transaction costs and… Continue reading Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain
New law grants US president power to block digital asset access
Source: Cointelegraph A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users. A new law grants the United States president sweeping powers to block access to digital assets, drawing significant concern from commentators on X. “It’s hard to… Continue reading New law grants US president power to block digital asset access
Web3 Watch: Ronaldo re-ups Binance NFTs despite lawsuit
Source: Blockworks Plus, celebrity memecoins Soccer megastar Cristiano Ronaldo released another set of NFTs on Binance this week, marking his fourth collection since partnering with Binance in mid-2022. The NFTs give holders the chance to meet Ronaldo, as well as access to exclusive content, per Binance’s website. The drop also comes a few weeks after… Continue reading Web3 Watch: Ronaldo re-ups Binance NFTs despite lawsuit
The Web3 Elites Club’s event (Session 5): “STO/RWA Business Prospects: Help More Enterprises go to Web3 World” and iSHANG Sharing Session on 24 May 2024
Source: Coinstreet LinkedIn The Web3 Elites Club’s event (Session 5) was a resounding success! On 24 May 2024, industry leaders gathered at the China Hong Kong Finance Elites Centre for insightful speeches and discussions. Our Founder & CEO of Coinstreet, SAMSON (SAM) LEE, was the keynote speaker for “STO/RWA Business Prospects: Help More Enterprises go… Continue reading The Web3 Elites Club’s event (Session 5): “STO/RWA Business Prospects: Help More Enterprises go to Web3 World” and iSHANG Sharing Session on 24 May 2024
HKiENDA Annual Conference 2024: Panel Discussion “Regulation of Virtual Assets and Digital Assets: Striking a Balance between Innovation and Investor Protection” on 20 May 2024
Source: Coinstreet LinkedIn The HKiENDA Annual Conference 2024 hosted by HKiNEDA 香港獨立非執行董事協會 featured a thought-provoking panel discussion “Regulation of Virtual Assets and Digital Assets: Striking a Balance between Innovation and Investor Protection” on 20 May 2024. Our Founder and CEO of Coinstreet, SAMSON (SAM) LEE, was among the distinguished panelists invited to share his insights… Continue reading HKiENDA Annual Conference 2024: Panel Discussion “Regulation of Virtual Assets and Digital Assets: Striking a Balance between Innovation and Investor Protection” on 20 May 2024
EU Commission urged to prepare for blockchain and AI integration
Source: Cointelegraph Decentralized AI networks, enhancement of smart contracts and emerging DeFi protocols are some of the upcoming trends in blockchain, according to EUBOF. The European Union (EU) has been advised to brace for the convergence of blockchain technology and artificial intelligence (AI). The European Blockchain Observatory and Forum (EUBOF) — an initiative of the… Continue reading EU Commission urged to prepare for blockchain and AI integration
Elon Musk’s xAI raises US$6 billion from investors including Sequoia, Andreessen Horowitz to challenge OpenAI
Source: South China Morning Post The Series B round comes less than a year after xAI’s debut and marks one of the bigger investments in the field Musk had been an early backer of OpenAI, but he later withdrew his support and has advocated caution because of the technology’s potential dangers Elon Musk’s artificial intelligence… Continue reading Elon Musk’s xAI raises US$6 billion from investors including Sequoia, Andreessen Horowitz to challenge OpenAI
