Fake rumors about the withdrawal of altcoins from trading caused panic in the Korean markets. Roughly half of the altcoins traded on major Korean exchange Upbit have fallen 10-20% over the past week due to rumors of impending regulation. 📉

Binance introduces a loyalty program for BNB holders. BNB holders who hold onto their tokens for a long time will receive airdrops as a thank you for their loyalty.

Hong Kong is toughening its stance on illegal crypto exchanges. Following the collapse of two illegal marketplaces last year, Hong Kong regulators have become stricter on crypto entities.

Investor enthusiasm for the Bitcoin ETF is cooling. The first Bitcoin ETF approved for a leading Australian exchange closed its first day of trading with just $1.3 million in volume.

Hong Kong promises a bright future for the crypto industry. Crypto exchange OSL Chief Financial Officer David Wu sees Hong Kong as a global financial center capable of experimenting with innovative crypto assets.