Apr 10, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Hong Kong regulators are expediting the process to approve the spot bitcoin ETF applications, according to a report from Reuters.

Video transcript

Will Hong Kong get a spot. Bitcoin ETF and Friend Tech heats back up. You're watching Coin desk daily. I'm your host, Jens Asi Hong Kong regulators have sped up the approval process to approve spot Bitcoin ETF S in the region. According to Reuters, a total of four entities have submitted applications to launch the product and Hong Kong regulators are likely to approve the first set of applications next week making it possible that the products could start trading this month. Australia and Hong Kong are the two jurisdictions that could become the first in Asia to offer spot Bitcoin ETF S Friend Tech money metrics surge ahead of a potential airdrop. The social application was one of the biggest Blockchain based platforms by revenue for a short period last year before usage dropped off. Interest is picking back up as a new version teases a possible Friend Token and expansion beyond X. French Tech is a Blockchain based social app that allows crypto personalities to issue shares for access to closed group chats on X. Over $7 million flowed to the platform last week, boosting the total value locked to nearly $40 million and Wu X has introduced a meme coin layer two and top 30 token index perpetuals. The exchange has partnered with market maker Wintermute and indices provider GMC I. The firm is offering traders GMC is meme index which includes top meme coins like Shib pepe and Doge. While the LT two index monitors scaling tokens like Matic op and imxwx chief operating officer, Willie Chung said the new products would soon be complemented by a copy trading option as well as on chain us treasury bills. That's it for coin desk daily. Get more updates on coindesk.com and we'll see you next time.

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