DailyBubble News
DailyBubble News

Hong Kong BTC & ETH ETFs, FOMC, & SHIB Hog Attention

The world of cryptocurrencies experienced another eventful week, with significant developments shaping the broader market dynamics. This week saw the launch of Bitcoin and Ethereum ETFs in Hong Kong, as well as the U.S. FOMC meeting, which had a notable impact on the crypto space. Additionally, Shiba Inu made headlines with its cryptographic advancements.

One of the key highlights of the week was the commencement of trading for Bitcoin and Ethereum ETFs in Hong Kong. Three service providers, including Harvest Global Investments Ltd., China Asset Management’s local unit, and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co., offered these services. Despite a slow start with only $12 million in trading volume, the Asian crypto ETF landscape saw a surge in activity, with Hong Kong surpassing the U.S. in weekly inflows for crypto ETFs.

The U.S. FOMC meeting also took place, with Fed Chair Jerome Powell maintaining interest rates unchanged for the sixth consecutive time. This decision had a significant impact on the crypto market, leading to volatile price fluctuations for Bitcoin and other tokens. Altcoins also experienced price shifts in response to the Fed’s stance, with market volatility heightened post-BTC halving.

In addition to these events, Shiba Inu announced a hard fork for Shibarium, aiming to improve block processing speed and transaction fee predictability. The Heimdall hard fork follows the Bor upgrade and is designed to enhance SHIB’s blockchain infrastructure for future growth. Whales were reported to have purchased large amounts of SHIB during this development, adding to the positive sentiment surrounding Shiba Inu’s price movements.

Overall, the past week was marked by significant developments in the cryptocurrency space, with the launch of ETFs in Hong Kong, the U.S. FOMC meeting, and Shiba Inu’s hard fork generating considerable attention and impacting market dynamics. The Benefits of Regular Exercise

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