Author: NBTC

Key Points: Deputy Financial Secretary Wong Wai-lun highlights the focus on virtual assets and fintech development to bolster Hong Kong’s financial sector. Collaboration with the Hong Kong Stock Exchange enhances interconnection with the Mainland, aiming for seamless investment opportunities. The partnership promotes diverse investment products and economic growth, positioning Hong Kong as a global financial leader. Hong Kong government has placed significant emphasis on promoting innovation within the financial sector, according to Deputy Financial Secretary Wong Wai-lun. A key aspect of this initiative includes advancing the development of virtual assets and financial technology, positioning Hong Kong as a leading financial…

As blockchain-based social app friend.tech prepares to launch its much-anticipated version 2, the team said it’s already taken a snapshot for the much-anticipated 100% airdrop of its FRIEND token. “We’ve locked in points balances and unlinking or relinking your Twitter will no longer transfer points,” they wrote on Twitter, “Join us next week for when points go onchain.” There’s no word yet on when the airdrop will take place, but there’s been speculation that it may be as soon as next week, when points balances go onchain. Friend.tech is a decentralized social media platform on Base, a Coinbase-incubated Ethereum L2.…

In a recent post on the X social media network (formerly Twitter), Galaxy Digital CEO Mike Novogratz dismissed a recent market correction as a “risk fish.” The cryptocurrency mogul is convinced that Bitcoin, the largest cryptocurrency, will be able to resume its uptrend. As noted by Bloomberg this was the largest Bitcoin drop within a single session since the collapse of the Silicon Valley Bank (SVB). The drop occurred due to tensions in the Middle East, with Iran recently targeting Israel with a significant missile and drone attack. card The attack, which involved hundreds of drones and missiles, was supposed…

DeFi protocol Aave plans to launch an “Aave Network” chain after completing its V4 upgrade. Stani Kulechov, the lending protocol’s founder, revealed this in a May 27 social media post, saying: “This is not a drill, Aave Network is planned to come after V4.” While Kulechov failed to provide additional information about the plan, he hinted that the chain could be launched by “next year for sure or earlier.” According to DeFillama data, Aave is the largest lending protocol in the DeFi sector, with the total value of assets locked at $13.2 billion. Aave Network Earlier this month, Aave Labs…

Anime Foundation is launching with Animoca Brands, MyAnimeList, and San FranTokyo as partners. According to a press release shared with Cryptonews.com, the Anime Foundation has announced its launch partners including Animoca Brands, Animoca Brands Japan, MyAnimeList, and San FranTokyo. Building Web3 Anime and Manga Community The release stated that Anime Foundation is a community-driven cultural protocol for anime and manga, bridging both web2 and web3 platforms. The partnership aims to create new opportunities and experiences for fans, creators, studios, IP holders, and anime and brands worldwide. Anime Foundation envisioned a future where anime and manga creators have better opportunities and…

On May 23rd, the U.S. SEC approved eight ETF 19b-4 application forms from BlackRock, Fidelity, Grayscale, ARKInvest, VanEck, Invesco Galaxy, and Franklin Templeton. Since then, speculations have been going wild about when the ETH ETFs will be listed and go live for trading. While Bitcoin ETFs took years to get listed on the NYSE finally, ETF experts believe Ether ETFs will take less time. ‘2-3 Months Max’ While Bitcoin futures ETFs were approved in October 2021, the SEC took over two years to approve their listing on the Nasdaq or NYSE. Nate Geraci, President of ETF Store, believes that although…

According to Arkham Intelligence, former US President Donald Trump’s portfolio has reached a new milestone. His on-chain holdings have exceeded $10 million, primarily due to the surge in value of the $TRUMP coin, now trading at $12.67. $TRUMP Coin Boosts His Portfolio As of the latest data, Trump holds $7.34 million worth of $TRUMP coin. The asset’s price recently rose by $1.40, significantly boosting his portfolio. “His owning $10M crypto is mainly fuelled by the rise in price of the $TRUMP coin, of which Trump currently holds $7.3M,” Arkham noted. Trump’s diverse cryptocurrency portfolio includes several notable assets. He owns…

The SFT Protocol has migrated the SFT Chain successfully to Solana, reaching 100% completion by 13:30 on the 29th of April 2024. It is a critical departure for the protocol, as it will allow it to expand on the Solana ecosystem and explore previously unavailable paths. 🚀 Exciting Update! 🚀We’re thrilled to announce the successful migration of SFT Chain to Solana, completed on April 29, 2024, at 13:30 (UTC+8)! Here’s what’s new:🌉 rSPD-SOL cross-chain bridge is now live! 🚀 Launch of Solana-Launchpad and temporary pause on SMH rewards for… pic.twitter.com/5fNQY8jaLc — SFT Protocol (@SFTProtocol) April 29, 2024 SFT Protocol Enhances…

May 2024 saw the lowest NFT trading volumes since October 2023, impacting the Ethereum, Bitcoin, and Solana ecosystems. Top NFT projects like BAYC and CryptoPunks have felt the market’s dip, with BAYC’s trading hitting its lowest since August 2021. The global cryptocurrency market is displaying a surge, with Bitcoin (BTC) and Ethereum (ETH) reaching new highs. Bitcoin has soared to new peaks, trading between $68,000 and $70,000, while Ethereum is approaching the $4,000 mark. The excitement around these gains is heightened by the anticipation of Bitcoin and Ethereum ETF approval, which has grabbed significant attention. However, amidst this market rally,…

Nate Geraci, the president of the ETF Store, took to social media to reveal that it is impossible for anyone to accurately determine when the US SEC will fully approve spot Ethereum (ETH) exchange-traded funds in the country. When will SEC approve spot eth ETF registration statements?*Nobody* knows for sure, but my expectation would be next few weeks.2-3 months max.IMO, heavy lifting already done following spot btc ETFs & eth futures ETFs.Just a matter of how long SEC wants to string this out. — Nate Geraci (@NateGeraci) May 28, 2024 Geraci expected that the full approval of spot ETH ETFs…