On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into the sandbox does not imply endorsement or support for […] Source CryptoX Portal
The two crypto firms are attempting to improve cross-border payments via stablecoins for large corporations and institutions. Source
Crypto analysts are turning increasingly bullish on Solana (SOL), with forecasts suggesting a potential 50% surge in the near future. Following SOL’s 11% surge in the past 24 hours, several renowned analysts came forward to express their bullish stance. Solana Price Poised For Rally Towards $250 On X, crypto trader Bob Loukas (@BobLoukas) has provided an optimistic outlook, stating, “SOL now based and fuel up for leg to $250.” This statement is based on a thorough analysis of the weekly SOL/USD chart. The chart exposes that SOL has transformed its…
“We believe the crypto market is amidst unprecedented institutional adoption,” analysts Gautam Chhugani and Mahika Sapra wrote. Spot bitcoin exchange-traded fund (ETF) assets under management may surge to as high as $300 billion by 2025. It expects an ether ETF to become available within 12 months. Source
Miners have seemingly started offloading their Bitcoin holdings as the fourth halving approaches, CryptoQuant notes. As Bitcoin (BTC) maintains its bull run and the fourth halving nears, miners have started selling their holdings in the cryptocurrency, monetizing their business operations to buy more equipment for profitability. In an X post on Mar. 13, CryptoQuant CEO Ki Young Ju published a graph of miners’ selling activity since 2012, noting that this time “bull market would continue unless ETF [exchange-traded fund] inflow slows down.” In a follow-up post, the CryptoQuant CEO noted…
Bitcoin (BTC) has been consistently reaching new milestones almost every day over the past week as strong bullish momentum continues. BTC briefly touched a new ATH of $73,750 at around 07:00 UTC on March 14 with its market cap reaching $1.45 trillion. However, the flagship digital currency slightly slipped and is trading at $73,350 at the time of writing. BTC price, whale activity, exchange inflow, exchange outflow and supply outside of exchanges – March 14 | Source: Santiment Moreover, Bitcoin’s daily trading volume recorded a 25% decline and is currently…
The Dutch central bank announced the fine was imposed for non-compliance before the company registered with the regulator. Source
“Normally rising wedges resolve bearish,” crypto analyst and trader Josh Olszewicz told CoinDesk. Source
Copying and pasting the Bee Movie script is a niche internet meme that originated on Tumblr and quickly spread to Reddit, YouTube, Facebook, and other social media platforms. Source
Bloomberg’s Eric Balchunas expects two key developments to broaden Bitcoin ETF access by year’s end. The initial development focuses on introducing Bitcoin ETFs to mainstream advisory services, which have not yet been adopted by prominent wirehouse platforms overseeing assets valued between $7 trillion and $10 trillion. Balchunas predicts these ETFs will be integrated into such platforms within the upcoming months, likening the expansion to enhancing product visibility in major retail environments, which he believes will bolster their adoption. Furthermore, Balchunas highlighted the potential of larger investment platforms, such as Raymond…