Bad News from Hong Kong for XRP, Arbitrum (ARB) and Nine Altcoins! $XRP $ICP $ARB

Hong Kong is making strides toward becoming a cryptocurrency hub with positive developments. The Hong Kong Virtual Asset Rating Agency (HKVAC) announced adjustments to its global major cryptocurrency index effective January 19. Notably, altcoins like Internet Computer (ICP), Near Protocol (NEAR), Optimism (OP), Injective (INJ), and Immutable (IMX) were added, while Filecoin (FIL), Maker Dao (MKR), TUSD, BUSD, and HBAR were removed.

In the HKVAC Major Cryptocurrency Index, ICP, NEAR, OP, INJ, and IMX joined the list, replacing MKR, Lido Dao (LDO), MNT, QNT, and Arbitrum (ARB). Solana (SOL) replaced XRP in the HKVAC Global Top 5 Indices, and Tron (TRX) was ousted from the Top 10 Indices, making way for Avalanche (AVAX). These adjustments reflect Hong Kong's evolving position as a significant player in the cryptocurrency space.

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