Hong Kong’s central bank has urged banks to provide services

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Hong Kong’s central bank has urged banks to provide services to crypto firms before receiving a license. #hongkongweb3 #hongkongweb3festival2023 #cbdc #hongkongnarrative #Binance

Hong Kong’s central bank has urged banks to provide services to crypto firms before receiving a license.
#hongkongweb3  #hongkongweb3festival2023  #cbdc  #hongkongnarrative  #Binance  

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💰 XRP Buy The Rumors, Sell The News 🚀 Recent XRP Developments : 1. Ripple-SEC Legal Battle Nears Climax. 2. Ripple To Launch New Stable Coin. 3. XRP's Netflix Documentary coming soon. 4. XRP Spot ETF Rumors. 5. CoinMetrics Added XRP back in the Index. 6. Coinbase enables Ripple XRP trading in New York. 7. Planning IPO Launch 8. UK FCA License Acquired 9. Launching RWA Tokenization. 10. Completion of U.S. Money Transmitter licenses. $XRP #XRP #XRPUpdate #SellTheNews

Binance’s Big Boss Talks Ethereum ETFs! 🚀 Hey there, crypto enthusiasts! 🌐 Richard Teng, the head honcho at Binance, is super stoked about the US SEC giving the green light to Ethereum ETFs. 🎉 It’s like opening a brand new chapter for the crypto world! 📖 Richard’s buzzing because this is a game-changer. It’s like crypto’s getting a VIP pass into the traditional market club. 🏦💃 He’s betting that this move will turbo-charge the adoption of crypto assets and give a high-five to the active ETF scene. ✨ Did you know? There are already 27 ETH ETFs strutting their stuff in the market. And let’s not forget the 32 Bitcoin ETFs that are making waves in 5 different markets. 🌊 Richard’s reading between the lines here and seeing a big thumbs-up for Ethereum, which could mean the crypto ecosystem’s about to hit the growth accelerator. 📈 Remember when spot Bitcoin ETFs hogged the limelight with a whopping $13 billion after their US debut? Richard’s got his eyes on the prize, expecting Ethereum ETFs to follow suit and get a boost from even more cool regulatory moves. 🛣️ This is all about making the crypto trading playground safer and more inviting, so more big players can jump into the game. 🤝 And guess what? The grapevine’s buzzing that once Ethereum ETFs hit the stage, other major altcoins like Solana and XRP might just grab the spotlight too. 🌟 So, let’s strap in and watch the crypto universe expand! 🚀🌌 $BTC $ETH #ETF #CEO #Binance

🔍 Why Isn't ETH Mooning Yet? 🔍 1. Buy the Rumor, Sell the News: The lack of significant price movement post-approval might be due to the idea that "everyone who wanted to buy the approval already did." In other words, the anticipation of ETF approval may have already been priced into the market. 📈💡 2. ETFs Aren't Live Yet: While the ETFs have received the green light, they haven't officially launched. The process involves an approved S-1 filing, which includes financial details and risk profiles. So, net new capital inflow is still on the horizon. 📄💰 3. Historical Precedent: Remember when spot Bitcoin ETFs were approved? Bitcoin's price initially dropped 15% before eventually spiking 30% over 30 days. So, patience might be key here. 🕰️⚖️ 4. Grayscale's Influence: Grayscale's plan to convert its Ethereum Trust (ETHE) into a spot Ether ETF could impact the market. Similar to what happened with Grayscale Bitcoin Trust (GBTC), there are concerns about potential outflows. 📉🤔 5. ETH Is Undervalued: Independent Ethereum enthusiasts believe that ETH is "stupidly undervalued." The market has had only three days to fully absorb the ETF approval news. 🤷‍♂️💎 --- So, fellow crypto enthusiasts, keep an eye on those ETF inflows, stay patient, and let's see where the Ether rocket takes us next! 🚀🌙 Remember, PEPE is soaring too! 🐸📈 #ETF #Ethereum $ETH #ETHETFS #ETHETFsApproved

My 10 Low-Mid Picks With A 90% Chance Of Landing On Binance Soon

🔥 🔥 🔥 🔥 🔥 **Crypto Markets: A Rollercoaster Ride! 🎢** This week, the crypto markets have been on a wild journey, fueled by Ethereum's surge and the US Securities and Exchange Commission's (SEC) nod for spot exchange-traded funds. 📈 Here's the scoop: 1. **Bitcoin Options Expiry:** - Around $1.4 billion in Bitcoin options contracts are set to expire on May 24. Not a massive event, but wait for the real fireworks on May 31 when $4.3 billion worth of options will expire! 💥 - The put/call ratio for this week's Bitcoin options is 0.88, meaning long and short-contract sellers are evenly matched (with slightly more calls expiring). - Bulls dominate open interest (OI) at the $70,000 strike price, flexing around $830 million. Higher strike prices also boast hefty OI, like $843 million at $100,000. Bulls are feeling bullish! 🐂 2. **Ethereum Spotlight:** - Around 354,000 Ethereum contracts expire today, with a notional value of $1.5 billion. The put/call ratio favors more calls expiring (0.57). - Derivatives traders are speculating on ETH ahead of the SEC's deadline. At the $4,000 strike price, there's $515 million in OI. Bulls want more momentum! 🙌 3. **Crypto Market Impact:** - Nearly $3 billion in BTC and ETH options expire today, but the impact on spot markets is usually muted. - Total market capitalization dipped 1.3% to $2.68 trillion due to a 2.3% slide in Bitcoin prices (currently at $67,400). Ethereum stands calmly at $3,730. 🌊 - Altcoins: Gains for Chainlink (LINK), PEPE, and Ethereum Classic (ETC), but losses for Solana (SOL), Dogecoin (DOGE), and Toncoin (TON). Stay tuned for more crypto adventures! 🌌🔍🌟 $BTC $ETH $BNB #bitcoin #Binance #SEC #Web3 #solana

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