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🔈🔈🔈News Flash: Hong Kong Greenlights Bitcoin and Ethereum Spot ETFs 🟢The Hong Kong Securities and Futures Commission (SFC) has authorized multiple spot Bitcoin and Ethereum ETFs, a major move in the region's crypto sector. China Asset Management, Bosera Capital, and HashKey Capital Limited received major approvals, along with Harvest Global Investments in principle. 💥Hong Kong SFC Approves Bitcoin, ETH ETFs 🟢According to their press release, China Asset Management Hong Kong obtained SFC clearance to issue Bitcoin and Ethereum ETFs. This partnership with OSL Digital Securities Limited and BOCI International aims to provide retail asset management with direct bitcoin subscriptions. 🟢The SFC has conditionally approved spot crypto ETFs from Bosera Asset Management and HashKey Capital. According to their press release, the Bosera HashKey Bitcoin ETF and Ether ETF enable investors to easily subscribe for ETF shares using Bitcoin and Ethereum.$BTC $ETH 🟢Harvest Global Investments received two SFC in-principle approvals for digital asset spot ETFs. In their press release, Harvest Global Investments CEO and CIO Tongli Han said, “This in-principle approval for Harvest Global Investments’ products in two major digital asset spot ETFs not only underscores Hong Kong’s competitive edge in the digital asset space, but also demonstrates our unrelenting pursuit of promoting innovation in the industry and meeting diversified investor needs.” 🟢Bosera and HashKey's news announcement states that these virtual asset spot ETFs would expand asset allocation options and strengthen Hong Kong's standing as an international financial center and virtual asset hub. 🟢The approvals show Hong Kong's developing regulatory structure that aspires to safely incorporate digital assets into its financial ecosystem. These ETFs will provide individual and institutional investors in the area a regulated, innovative investing option. While there is less fanfare than with US ETFs, some experts think the effect might be comparable. #BitcoinHalving #etf #BTC #ETH

🔈🔈🔈News Flash: Hong Kong Greenlights Bitcoin and Ethereum Spot ETFs

🟢The Hong Kong Securities and Futures Commission (SFC) has authorized multiple spot Bitcoin and Ethereum ETFs, a major move in the region's crypto sector. China Asset Management, Bosera Capital, and HashKey Capital Limited received major approvals, along with Harvest Global Investments in principle.

💥Hong Kong SFC Approves Bitcoin, ETH ETFs

🟢According to their press release, China Asset Management Hong Kong obtained SFC clearance to issue Bitcoin and Ethereum ETFs. This partnership with OSL Digital Securities Limited and BOCI International aims to provide retail asset management with direct bitcoin subscriptions.

🟢The SFC has conditionally approved spot crypto ETFs from Bosera Asset Management and HashKey Capital. According to their press release, the Bosera HashKey Bitcoin ETF and Ether ETF enable investors to easily subscribe for ETF shares using Bitcoin and Ethereum.$BTC $ETH

🟢Harvest Global Investments received two SFC in-principle approvals for digital asset spot ETFs. In their press release, Harvest Global Investments CEO and CIO Tongli Han said, “This in-principle approval for Harvest Global Investments’ products in two major digital asset spot ETFs not only underscores Hong Kong’s competitive edge in the digital asset space, but also demonstrates our unrelenting pursuit of promoting innovation in the industry and meeting diversified investor needs.”

🟢Bosera and HashKey's news announcement states that these virtual asset spot ETFs would expand asset allocation options and strengthen Hong Kong's standing as an international financial center and virtual asset hub.

🟢The approvals show Hong Kong's developing regulatory structure that aspires to safely incorporate digital assets into its financial ecosystem. These ETFs will provide individual and institutional investors in the area a regulated, innovative investing option. While there is less fanfare than with US ETFs, some experts think the effect might be comparable.

#BitcoinHalving #etf #BTC #ETH

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🚀🚀🚀The Tron DeFi ecosystem has surpassed the $21 billion milestone and it is on fire🚀🚀🚀 Tron DeFi On Fire: Ecosystem Passes $21 Billion Tron decentralized finance (DeFi) is booming, with $21.7 billion in TVL, according to latest statistics. This rise shows a thriving Tron blockchain DeFi ecosystem. However, Tron's native token, TRX, may drop temporarily. TVL, which measures the total amount of crypto assets deposited in DeFi protocols, is an important indication of DeFi activity. Tron's $21.7 billion milestone indicates a surge in user cash and demand for Tron-based DeFi. This tendency is boosted by major initiatives like Just Cryptos ($7.1 billion TVL) and JustLend DAO ($6.4 billion TVL), a lending and staking platform. Both protocols have grown rapidly, demonstrating Tron's DeFi landscape's vitality. Beyond the News: Tron Gets A Great Q1 Tron has accomplished more than its DeFi environment. Messari reports a strong first quarter of 2024 for the network. Market cap, income, and users all increased for Tron. Tron's Q1 revenue was a record $128 million, cementing its status as a major blockchain network. Daily active addresses (DAAs) on Tron exceeded 2 million in March. This increase in user activity shows the network's popularity and acceptance. Tron also passed 200 million accounts, indicating a growing user base. Brief TRX Price Jitters DeFi and network performance are good for Tron, but investors should be aware of a short-term price drop in TRX. Over the last 24 hours, the price of TRX has suffered a modest fall of 1%. TRX outperformed the global cryptocurrency market with 1.32% gains last week. Tron's DeFi environment is growing rapidly, drawing user investment and creating a vibrant community. Multiple measures showed healthy growth for the network in Q1 2024. Technical indications predict short-term TRX price drops, so investors should be wary. #altcoins #TRX #buythedip @Justin Sun孙宇晨 @TRON DAO $TRX
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⭐⭐As of late, the $0.139 to $0.144 order block has been a stable support for the Dogecoin price⭐⭐ The cryptocurrency with a canine motif has the potential to reach new heights of $0.168 if the order block bounces. If this order block were to break, DOGE's price may go below its recent low of $0.122. The price of Dogecoin (DOGE) is now unable to go beyond two important levels. Doge also lacks a clear trend and is expected to remain in a range for the foreseeable future. Along with the downturn seen in the wider cryptocurrency market, the price of dogecoin fell 45 percent from March 28 to April 13. But DOGE fell into consolidation after April 13 and is now attempting to regain its ground in order to declare a bias. However, the cryptocurrency market, and Bitcoin in particular, must initiate a change for the Dogecoin price to rise or fall. Furthermore, in order for the dog-themed cryptocurrency DOGE to reach $0.168 and beyond, it must remain above the $0.139 to $0.144 order block, which may entice previously uninterested purchasers. As an example, the rising candlestick that developed on April 29 represents the $0.139 to $0.144 order block. This change would result in a 17% increase. The overall profit, however, may reach 25% if DOGE were to target a retest of $0.181. The upward potential of DOGE is expected to be limited above $0.181, the weekly resistance level, unless there is an improvement in the Bitcoin outlook. Despite the rationale behind the positive thesis for Dogecoin pricing, a market shift in that direction is quite improbable. The equal lows set at $0.122 might be swept if DOGE breaches the $0.139 to $0.144 order block, which would cause the cryptocurrency to plummet by 12% to 15%. Although this would result in a 12% collapse, the meme currency could find stability at the $0.128 daily support level. #altcoins #Memecoins #elonMusk $DOGE #DOGE
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In order to make a judgment the Ripple price must The weekly chart showed Ripple pricing below a key 700-day uptrend support level. After unsuccessful recovery efforts, consolidation continues. Breaking $0.468 will be a slaughter for XRP holders. XRP holders have been wondering what would happen after almost three weeks of volatility. Read: XRP over $0.50 as Ripple joins partnership to facilitate digital asset recovery Ripple pricing must choose. The price of ripple has broken an inclining trend line linking swing lows since June 2022. April 8's fall broke this important support trend line, resulting in a weekly candlestick close below the inclining trend line and $0.532. Since then, Ripple pricing has been stabilizing between $0.532 and $0.468, with little direction. The weekly Relative Strength Index (RSI) has fallen below 50, indicating decreasing bullish momentum and rising selling momentum. Similarly, Awesome Oscillator's mean level is 0. Both momentum indicators warn of a bearish market change. Until the crypto market recovers, XRP is struggling. Altcoins will soar if Bitcoin (BTC) returns over $70,000. If so, Ripple price must break the $0.532 resistance level and become a support floor. This would help entice stranded purchasers and keep the remittance token rising. In a bullish scenario, XRP may retest $0.696 barrier. However, Ripple price may retest and breach $0.468 if the crypto market outlook worsens. This would disprove the bullish premise and cause XRP investors to sell. A 11% drop to $0.428 intermediate support floor is possible for the remittance token. If necessary, XRP might return to $0.378. #altcoins #xrp #Ripple #buythedip $XRP
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Pepe bulls set to overlook Friday's dip, sending price of PEPE soaring 28% Despite the current market slump, Pepe pricing remains strong. Predict a 28% increase in PEPE's value to $0.0108. If the price falls below the new low of $0.00760, the bullish thesis will be rendered useless. Despite a general increase in selling pressure throughout the cryptocurrency market on May 10, the price of Pepe (PEPE) remains stubbornly low. While several cryptocurrencies witnessed double-digit decreases in value due to Bitcoin's (BTC) 4% decline, PEPE meme currency remained relatively stable. The price of Pepe is still going up. With a path to break through the local high set on March 14, Pepe's price movement is looking brighter than other altcoins. Pepe has soared 134% in less than a month and has signs of further growth, while being in a rangebound pattern. With a recent recovery over the range's midpoint of $0.00835, the pepe price is now trading within the $0.00581 to $0.0108 range. Specifically, this change bodes well for investors since the rebound occurred at the same time as the Awesome Oscillator (AO) and the Relative Strength Index (RSI) climbed above their respective average levels of 0 and 50, respectively. The bullish momentum is certainly building and in control, as this move plainly reveals. Consequently, Pepe pricing has a stronger possibility of outperforming the market if the crypto market outlook remains same. PEPE has the potential to stage a 25% rally, bouncing off the $0.00835 level and reaching a range high of $0.0108. In contrast, a break in the bullish market structure would be indicated if the price of Pepe were to conclude each trading day below the $0.00760 swing low that occurred on May 8. The bullish thesis for PEPE would be rendered worthless since this scenario would result in a lower low. A 25% drop in Pepe price, to a range low of $0.00581, is possible if panicked holders dump their PEPE tokens. #BTC #pepe $PEPE #Memecoins #altcoins
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Has DogWifHat Passed? Bitcoin Guru Reveals $1 Price Objective At its present price of $3.17, the famous Solana meme currency DogWifHat ($WIF) might go as low as one dollar, according to a prominent crypto influencer Bluntz goes on to say that WIF's recent increases could only be a temporary shakiness before the token falls below $1. One of the top influencers on the ByBit copy trading site, Bluntz has been making money for his followers constantly since he joined a year ago. Unfortunately, DogWifHat's present price performance is not indicative of a decrease. Last hour, WIF was up 12% and last week, it was up 15%. Its movement is generally consistent with the market as a whole, since the majority of top projects are up today. Pepe Coin is the second-most-gained-to initiative among the five meme currencies in terms of market capitalization. The price of PEPE increased 6.8% to $0.05862 at the time of writing. There has been a 13% increase in the past week as well. Meme currencies performed better than market leaders Ethereum ($ETH) and Bitcoin ($BTC). Ethereum rose 2.2% to $3,037 while Bitcoin, the biggest cryptocurrency by market cap, increased 3.5% to $63,176 throughout the course of the day. Throughout March, WIF surged, following the lead of the market leaders. Nevertheless, things started to diverge towards the end as the meme currency kept on surging and actually reached a new all-time high of $4.83 on March 31. Since then, the price has dropped by 34.2%, reaching its current level. To this point, DogWifHat's RSI stands at 57. There seems to be purchasing momentum since this has been going up since midweek. If it doesn't calm down, investors could see the start of the drop that Bluntz predicted. #Memecoins #buythedip #WIF $WIF
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