1.The number of Bittensor subnets for the AI ​​project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days

She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”

Executives from virtual asset ETF issuers, CSOP International and Huaxia Fund Hong Kong, confirmed at the recent Bitcoin Asia conference that they are working to promote the construction of mortgage financial products based on cryptocurrency spot ETFs. David Bailey, co-founder and CEO of BTC Inc., said that ETFs in some ways acknowledge that Bitcoin will continue to exist, and Hong Kong cannot simply launch ETFs by accident... this is not random, the Hong Kong government strongly supports Bitcoin conferences and sees Bitcoin as a huge opportunity for Hong Kong.

According to data disclosed by the Hong Kong Stock Exchange, the asset management scale of the three Hong Kong spot virtual asset ETFs, Huaxia, Jiashi, and Boshi HashKey, has exceeded HK$2 billion in the first week of listing. As of the close of trading at 16:08 Hong Kong time on May 3, 2024, the asset management scale of the three Hong Kong spot virtual asset ETFs in the first week of listing reached HK$2.13069 billion, which is nearly twice the asset management scale of virtual asset futures ETFs of about HK$1.192 billion, as follows:

According to HODL15Capital data, on April 30th, the net outflow of US spot Bitcoin ETF was 162 million US dollars, with a net negative value for 5 consecutive days.

On April 30th, Huaxia Fund (Hong Kong), Boshi Fund (International), and Jiashi International Asset's first batch of spot cryptocurrency ETFs officially landed on the Hong Kong Stock Exchange. Overall, the first batch of spot cryptocurrency ETFs had an active performance on the first day, with a trading volume exceeding HKD 87 million. Bitcoin ETFs had a rise of over 1%, outperforming Ethereum ETFs.

According to SoSoValue data, yesterday (April 26th, Eastern Time), the total net outflow of Bitcoin spot ETF was 83.6147 million US dollars, including:

Blue Whale News learned from industry insiders that in addition to Boshi, Huaxia, and Jiashi, local Hong Kong institution Huili also applied to issue virtual currency spot ETFs, but did not appear on the approved list in the end. Insiders told Blue Whale News that Huili voluntarily withdrew after applying because the preparation work was not done well, time was tight, and manpower was insufficient. In addition, compared with the other three companies, Huili mainly does active business in Hong Kong and is relatively weak in ETF business, so it plans to wait and see first.

Hong Kong investors and the Financial Education Committee have stated that the investment scope of spot virtual asset ETFs is limited to virtual assets (currently limited to Bitcoin and Ethereum) provided to the Hong Kong public for buying and selling on virtual asset trading platforms holding China Securities Regulatory Commission licenses. Trading counterparties must buy and sell virtual assets through licensed virtual asset trading platforms to reduce counterparty risks. Asset custody must be entrusted to designated institutions regulated in Hong Kong, such as licensed virtual asset trading platforms, banks, or their subsidiaries registered in Hong Kong, to reduce custody risks. Investors can buy and sell virtual asset spot ETFs through securities firms or banks. Some virtual asset spot ETFs also provide non-listed fund unit categories, which operate similarly to non-listed funds. Investors can apply for and redeem units through securities firms or banks.

Bitwise CEO Hunter Horsley predicts that wealth management firms will increase their holdings of Bitcoin exchange-traded funds (ETFs), a prediction made in anticipation of greater momentum for Bitcoin ETFs after the halving. He describes the adoption of Bitcoin ETFs by registered investment advisors (RIAs) and multi-family offices as "secret but significant." He points out that major financial entities are carefully evaluating the Bitcoin market.