Bitcoin Suisse Receives In-Principle Approval from Abu Dhabi's FSRA
Swiss crypto financial services provider Bitcoin Suisse has announced that its subsidiary, BTCS (Middle East) Ltd., secured in-principle approval (IPA) from Abu Dhabi’s Financial Services Regulatory Authority (FSRA).
This milestone paves the way for Bitcoin Suisse to obtain a full license, enabling it to offer regulated crypto services in Abu Dhabi Global Market (ADGM). Approved services will include trading virtual assets, crypto securities, derivatives, and local custody solutions.
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Hong Kong Virtual Asset ETFs Surpass HKD 240 Million in Daily Trading
Today’s trading data from the Hong Kong stock market revealed that six virtual asset ETFs recorded a combined turnover of HKD 243.71 million.
Breakdown of Trading Volume:
- 3042.HK (BTC ETF by ChinaAMC) – HKD 228.17M
- 3046.HK (ETH ETF by ChinaAMC) – HKD 2.42M
- 3439.HK (BTC ETF by Harvest) – HKD 3.61M
- 3179.HK (ETH ETF by Harvest) – HKD 34.9K
- 3008.HK (BTC ETF by Bosera HashKey) – HKD 8.12M
- 3009.HK (ETH ETF by Bosera HashKey) – HKD 1.36M
Michael Saylor Highlights 6 BTC-Related Stocks with Over 100% Monthly Gains
MicroStrategy Chairman Michael Saylor has publicly endorsed six Bitcoin-related public companies, all witnessing 100%+ price surges in the past month:
- Metaplanet (Japan) – 158% (BTC holdings leader)
- Cantor Equity Partners – 350% (partnered with SoftBank/Tether)
- Matador (Canada) – 133%
- The Blockchain Group (France) – 450% (holds 620 BTC)
- CoreWeave (US) – 132% (crypto mining)
- Kindly MD – 767% (merger with Nakamoto Holdings)
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SoftBank Secures $15B AI Investment Bridge Loan
SoftBank Group secured a $15B syndicated loan—led by Mizuho, SMBC, and JPMorgan—to fund AI ventures, including:
- $6.5B acquisition of Ampere Computing
- Up to $30B investment in OpenAI
Stablecoin Regulations Expand to Include Offshore RMB
Hong Kong legislator Johnny Ng proposed allowing offshore RMB-backed stablecoins under the new Stablecoin Bill, aligning with China’s currency internationalization strategy.
UK Inflation Data Signals One 2024 Rate Cut
Traders now expect only one more Bank of England rate cut this year after UK inflation data.
Bitcoin Rally Driven by Spot Buying, Says Matrixport
Matrixport reports:
- BTC nears ATHs with $34B open interest
- Low funding rates indicate minimal speculation
- Market dominated by long-term holders, reducing volatility risks
Google Partners with a16z-Backed AI Studio Promise
Promise AI (backed by Andreessen Horowitz) integrates Google’s AI into film/TV production workflows, with DeepMind researchers collaborating.
Brave Introduces ".brave" Blockchain Domains
Brave Browser launched Polygon-based ".brave" domains (NFTs), becoming the first major browser with a Web3-native domain.
Lido V3 Staking Overhaul Draft Revealed
Lido’s RFC draft outlines stVaults, a modular staking system, with a finalized whitepaper expected mid-2025.
ECB May Slow Rate Cuts Post-June
Experts anticipate cautious rate reductions after June, with July and September cuts still likely.
FAQs
Q: What does Bitcoin Suisse’s Abu Dhabi approval mean?
A: It allows regulated trading of crypto assets in ADGM.
Q: Which Hong Kong ETF had the highest trading volume?
A: ChinaAMC’s Bitcoin ETF (3042.HK) at HKD 228M.
Q: Why is Bitcoin’s rally considered stable?
A: Low leverage and spot-driven buying reduce speculative risk.
Q: What is Brave’s new domain used for?
A: Simplifies crypto wallet addresses and hosts decentralized websites.
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