📍Grayscale🇺🇸 loses dominance in Bitcoin ETF sizes
📍🇺🇸Initially, GBTC represented over 50% of daily trading volumes but is now around 30%, surpassed by IBIT - BlackRock last week.
📍🟢Options traders anticipate approval for Ethereum spot ETFs
📍Bitfinex's Jug Conner noted increased activity in Ethereum options contracts, indicating optimism about the potential approval of ETFs by May 23.
📍🟢Open interest on the call side for long-term options has risen, reflecting market expectations.
📍Thailand extends VAT exemption on cryptocurrency gains
📍Thailand has extended the value-added tax exemption on cryptocurrency trading to strengthen its position as a digital asset hub.
📍🟢The Ministry of Finance suspends the 7% VAT requirement on gains resulting from cryptocurrency trading, effective January 1, 2024, without an expiration date.
📍🟢The exemption also applies to brokers and dealers subject to the supervision of the Securities and Exchange Commission.
📍🇺🇸Blockchain Technology Could Help Save $74 Billion in Credit Card Fees: Coinbase Report
📍🇺🇸According to a report by Coinbase, blockchain technology could have saved Americans $74 billion in credit card fees, with an average potential household savings of $600.
📍🇺🇸The report highlights the demand for cheaper, faster, and more accessible financial systems among Americans.
📍🟢The Hong Kong General Chamber of Commerce recommended allowing the issuance of stable currencies linked to the Chinese yuan in the upcoming budget.
📍🟢They propose stablecoins backed by a basket of fiat currencies, including the yuan, the Hong Kong dollar, or the US dollar.
📍🟢In addition, they proposed exploring a “virtual asset pegging plan” with an initial daily limit of around HK$20 billion.
📍 OKX launches its services in Argentina
📍OKX provided cryptocurrency exchange and digital wallet services in Argentina.
📍🟢Users can access the web3 wallet for DeFi, NFTs and dApps.
📍In addition, OKX P2P allows authorized users to trade with Spanish language support and local payment options.
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