It's late at night, and just now the crypto market has received three strong news, two of which are positive and one is neutral. I don't have time to talk too much, so I'll get straight to the point.
1. Chicago Mercantile Exchange (CME) is in talks to launch Bitcoin trading
The Financial Times quoted people familiar with the matter as saying that the Chicago Mercantile Exchange (CME), the world's largest futures exchange, plans to launch Bitcoin trading, aiming to seize the opportunity of the surge in demand for cryptocurrencies from Wall Street fund managers this year. CME is in discussions with traders who are interested in trading Bitcoin in regulated markets. But it will mark a further foray into the digital asset field by major Wall Street institutions. The plan has not yet been finalized.
2. Can the Hong Kong Bitcoin Ethereum ETF be opened to mainland China for trading?
The Bitcoin Asia Summit was held in Hong Kong, with giants gathering and speaking freely. Among them, Han Tongli, CEO of Harvest Fund, discussed the possibility of incorporating BTC and ETH ETFs into the ETF Connect program, which is part of the broader "Stock Connect" program launched in 2014 to connect exchanges in Hong Kong with those in mainland China.
It sounds very exciting. If the plan can be realized, it does mean that mainland residents can buy BTC and ETH ETFs. Han Tongli further stated, "As long as everything goes well in the next two years, we do not rule out applying to include our ETF in the interconnection plan!
3. Bitcoin rose above $66,000! More than 54,000 people were liquidated in the entire network in 24 hours, and 1 billion yuan evaporated! What's going on?
Bitcoin volatility has intensified. Specific data shows that in the past 24 hours, there were about 54,219 people liquidated, and the total amount of liquidation was US$144 million (about RMB 1.04 billion).
