Exciting News for Hong Kong: Crypto Trading Ban Set to Be Lifted

Long-Term Bitcoin Holders on the Rise: Stability and Confidence Growing ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.12T (-1.86%) 24 Hour Volume $28.88 (-7.10%) Notable Movers[(MIOTA) $0.1908]( (+2.62%) Notable Movers (DeFi)[(BEL) $0.7303]( (+7.32%) Bitcoin Dominance 46.31% [(-0.10%)]( Bitcoin Price[(BTC) $26,725.67 (-2.23%)]( Ethereum Price[(ETH) $1,815.44 (-2.26%)]( Cardano Price[(ADA) $0.3661 (-1.16%)]( Today’s Top Stories [Hong Kong Expected To Embrace Crypto and Lift Trading Ban]( Hong Kong plans to lift its ban on retail cryptocurrency trading, aiming to restore its status as a crypto and fintech hub. The Securities and Futures Commission (SFC) will introduce measures to protect retail investors, and the new regulations are expected to be implemented on June 1, 2023, following positive feedback from industry stakeholders. [Court Documents Show an FTX Reboot Could Be in the Works]( FTX, the crypto exchange that previously filed for bankruptcy, is planning to relaunch its operations under a new name, FTX 2.0, according to a recent court filing. The filing reveals that the new CEO, John Ray III, is actively working on restructuring the exchange and repaying its debts, with a potential relaunch in the second quarter of 2024. [Report Combats Misinformation in Bitcoin Mining Debate]( The ongoing debate surrounding Bitcoin mining fails to consider the perspectives of local residents near Greenidge Generation, a mining facility in upstate New York, according to a report in CoinDesk. While environmentalists have influenced legislation targeting mining companies, the voices of those directly affected by the facility are often excluded from the conversation. [One-Year Bitcoin ‘HODLing’ Hits New All-Time High]( More Bitcoin holders are choosing to hold onto their coins for the long term, indicating growing confidence in Bitcoin's future potential and making it a more stable asset class, according to data from Glassnode. The percentage of Bitcoin supply that has remained stationary for at least a year has reached a record high of 68%, highlighting the belief in its long-term value. [Read The Full Newsletter]( [EigenPhi: Performance Appraisal of Jaredfromsubway.eth]( EigenPhi: Performance Appraisal of Jaredfromsubway.eth In less than 3 months, Jaredfromsubway.eth reaped over $40.6 million in revenue with a profit of $6.3 million. [Read More]( [Week in DeFi: Lido V2 Launches, GMX Synths in Testnet and Cosmos Mesh Security]( Week in DeFi: Lido V2 Launches, GMX Synths in Testnet and Cosmos Mesh Security Don't miss our weekly roundup of the latest DeFi news, launches, airdrops, upgrades, hacks and alpha. [Read More]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States