Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Hong Kong to Explore Tokenized Stocks, Chainlink CCIP Goes Live on Base

Sep 27, 2023
Author
Tom Couture
Tom Couture AC
Market Update U.S. equities are sliding for the fifth day out of the last six trading sessions. The SPY and QQQ are both down about half a percent after paring early session gains. $BTC (+0.07%) is roughly flat despite the SEC delaying Ark Invest and Global X’s spot Bitcoin ETF applications well in advance of their deadlines. The decision to delay the applications early has likely lowered the chances of seeing an approval before the year ends. With that said, Valkyrie’s Bitcoin & Ether Strategy ETF (futures-based) is set to be approved next week barring any SEC action, and would mark the first ETF with any $ETH (+0.32%) exposure. That would set the stage for pure Ether futures ETFs to be approved in the following weeks.Hong Kong regulators have stated they plan to issue guidance on the tokenization of stocks in the near future. Christina Choi, an official at the Hong Kong Securities and Futures Commission (SFC), said in a speech on Tuesday that the SFC is working on detailed tokenization guidance for SFC-authorized products. Choi thinks that as a first step, activities pertaining to primary dealing would be appropriate for virtual asset trading platforms (VATP) and acknowledged the additional risks and surveillance that would come with secondary trading on VATPs. Tokenizin

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Andre Francois Mckenzie Vh7U Z75L3U Unsplash

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH -1.03% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 0.09% to Bitstamp, leaving about 90k BTC 0.09% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 0.09% is trading around $66.5k,...

AVAX -0.51% BTC 0.09% ETH -1.03% ETHBTC ETHE N/A% GBTC -0.15% GOOGL +2.64% SOL 1.67% TSLA +4.96% V +0.26%
All-time highs next? Bitcoin holds $62K as the dollar index tumbles to 3-week lows

CRYPTO MARKET UPDATE POLITICAL DEVELOPMENTS CONTINUE TO DOMINATE INVESTOR SENTIMENT FOLLOWING PRESIDENT BIDEN'S WITHDRAWAL FROM THE PRESIDENTIAL RACE ON SUNDAY AFTERNOON. The initial market reaction saw a dip in crypto prices, with Bitcoin falling from $67.5k to $66k. However, the market rebounded after Biden endorsed Harris. Since the U.S. market opened on Monday, we have seen relatively choppy price action. BTC 0.09% is now trading slightly above $67k, while ETH -1.03% remains...

BITI BTC 0.09% ETH -1.03% OP -1.36% SOL 1.67% USDY 0.01%
Bitcoin Equilibrium Price Likely to Top $168,000 Following ETF Approval, FSInsight Says

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY 0.97%  AND QQQ 1.40%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC 0.09% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH -1.03% is trading at $3,450 ahead of potential S-1 approval after...

BONK 1.00% BTC 0.09% DXY N/A% ETH -1.03% JUP -8.65% QQQ +1.4% SOL 1.67% SPY +0.97% WIF 1.40%
Art Rachen YJpjLD3c9bU Unsplash

CRYPTO MARKET UPDATE THE CRYPTO MARKET MOVED HIGHER IN THE EARLY MORNING HOURS AND IS NOW CONSOLIDATING POST-US MARKET OPEN. BTC 0.09% once again challenged the $65k level and is currently sitting just below it, following the ninth consecutive day of net inflows for BTC 0.09% ETFs. ETH -1.03% is showing outsized strength, likely due to ETF issuers filing their final documents yesterday afternoon, with the ETF launch expected on Tuesday (more on...

BTC 0.09% ETH -1.03% ETHBTC JUP -8.65% SOL 1.67% USDT -0.02% WIF 1.40%
FS Insight

Sign in to read the report!

We have detected you are an active member!

or

Sign in with Google

Sign in with Twitter
Ray: 425dc5-005329-7f05ab-210975-5fa7c4