Apr 15, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin and ether briefly rose on news that multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).

Video transcript

Did Hong Kong issuers get spot Bitcoin and Ether ETF approvals and meme coins see significant sectoral gains. I'm Jens Asi. You're watching coin desk daily after a turbulent weekend, Bitcoin and Ether, the two largest cryptocurrencies by market cap are up this morning. As Hong Kong Bitcoin ETF applicants say that they've been approved by the region's regulator China Asset Management, both their capital and other applicants posted to wechat that they had been approved to list spot Bitcoin and Ether ETF S in Hong Kong. But some of those announcements have since been deleted. No official statement has been released from the securities and futures commission. The commission also did not respond to coin desk's calls or emails asking for comment. Bitcoin was at around $66,100 as of 9:30 a.m. Eastern time and Ether was at around 3200 meme coins and A I linked tokens saw significant sectoral gains in the past 24 hours. Outperforming major tokens like Bitcoin according to coin gecko category data. Solana meme coins, dog themed meme coins and base network meme coins jumped over food percent on average while A I tokens zoomed over 17%. There were no apparent catalysts for the jumps. The broad base coin desk 20 a liquid index of major tokens minus Stablecoins was up almost 5% and Solana is rolling out a new software update to tackle the congestion problem on the popular Blockchain. In an ex post, Solana status said the release is now recommended for general use and it contains enhancements that will alleviate ongoing congestion on the network. Congestion issues plagued the network in recent months amid a meme coin friends causing a bump in user activity and significantly high demand for the network. Transactional volumes reached as much as $4 billion in March. From the usual figures of under $500 million per day in 2023. That's it for Coindesk daily. Get more updates on coindesk.com and we'll see you next time.

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