Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.

Galois Capital, a crypto hedge fund that had half of its assets trapped on the collapsed crypto exchange FTX, is reportedly shutting down and returning its remaining money to investors.

A hedge fund that was one of the highest profile victims of the FTX scandal when half its assets were trapped on the collapsed cryptocurrency exchange has decided to close and return its remaining money to investors.

Crypto hedge fund Galois capital has told its investors that almost half of its funds are stuck on the failed crypto exchange FTX, according to a report in the Financial Times.