Hong-Kong Continues Crypto Hub Agenda, OKX to Return $157 Million to FTX Bankruptcy Estate

Mar 30, 2023
Market Update Traditional markets are rallying today amid easing bank concerns and speculation that the Fed may be done raising interest rates. The $SPX has risen 0.25%, while the $NDQ is up 0.52% at the time of writing. The Fed’s preferred inflation metric, the PCE index, will be released tomorrow morning and should fuel further speculation on whether or not any further rate hikes remain in 2023. Crypto markets are trailing equities, with $BTC (-1.79%) breaking below $28k and $ETH (-1.25%) hovering around $1770. Decentralized exchange Trader Joe ($JOE) has shown impressive gains in March, rising 140%. Successfully launching on Arbitrum has attracted fresh users and liquidity to the platform, significantly boosting the DEX’s daily fees and establishing itself as a major player within the Arbitrum ecosystem.Figure: Trader Joe Daily FeesSource: Token TerminalProDigital Future, a Hong-Kong based investment fund, is planning to raise $100 million this year to invest in digital asset companies. ProDigital has already secured $30 million in funding over the past six months but is looking to triple that by the end of the year. The fundraise comes as Hong Kong furthers its agenda to become a hub for the digital economy. In February, the Hong Kong Securities and Futures Commission

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 0.59% TESTING THE $65K LEVEL, ETH 0.58% TRADING AROUND $3500, AND SOL -1.11% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...

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