NFT News by Thebittimes.Com

CoinShares’ latest weekly inflow report shows a substantial increase in investor appetite for digital asset investment products with Bitcoin leading the rally. A recent surge in activity surrounding exchange-traded funds has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report via CoinShares. Totalling $199 million, inflows for the week of 19–23 June turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s share at $187 million (94% of overall inflows). This week in Fund Flows, by @jbutterfill: A sharp shift to bullishness among investors, injecting US$199m in digital asset investment products. This marks the largest single weekly inflow since July ’22, correcting almost half of 9 consecutive weeks of outflows. (1/5) pic.twitter.com/TvZ0EM2KLU — CoinShares (@CoinSharesCo) June 26, 2023 CoinShares analysts attributed the reversal to increasing activity from exchang...

Author：Lily Editor：Colin Wu 1. Binance in talks to acquire Indonesian crypto exchange link Crypto major Binance is in negotiations to acquire the Indonesian crypto exchange Toko crypto . Binance had itself invested in Toko crypto in 2020, entering the Indonesian market, aided by the fact that Toko crypto has obtained a license from the local regulator. 2. HongKong’s weekly summary 2.1 Hong Kong virtual asset service provider licensing system to take effect in June next year link On Wednesday, December 7, 2022, the Legislative Council passed the third reading of the amendments to the anti-money laundering and terrorist financing regime, which will establish a licensing system for virtual asset service providers, effective on June 1 next year. 2.2 Pando Finance launches blockchain-themed ETF on the Hong Kong Stock Exchange link Hong Kong-based asset manager Pando Finance has launched a blockchain-themed ETF on the Hong Kong Stock Exchange to enable retail investors to participate i...

Author：Lily Editor：Colin Wu 1. FTX’s weekly summary 1.1 MAS Statement to Address Misconceptions in the Wake of Collapse of FTX Link The Monetary Authority of Singapore (MAS) issued a statement on November 21 in response to the FTX incident, noting that MAS had previously placed Binance on the Investor Alert List (IAL) and not FTX because of the apparent solicitation of Singaporean users by Binance, which was not evidenced by FTX. MAS also stated that “the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is hazardous. Even if a crypto exchange is licensed in Singapore, it would be currently only regulated to address money-laundering risks, not to protect investors.” 1.2 FTX Japan plans to restore user withdrawals by the end of the year Link An FTX Japan executive said he plans to resume user withdrawals by the end of the year. Previously, user withdrawals were suspended because FTX Japan used the same payment system as its parent compa...