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Hong Kong is expected to approve Bitcoin and Ethereum exchange-traded funds (ETFs) as early as Monday, according to Bloomberg.

According to sources familiar with the matter, the issuers expected to receive approval for spot-crypto ETFs are an international arm of Chinese asset manager Harvest Fund Management Co. and a collaboration between Bosera Asset Management (International) Co. and HashKey Capital.

These firms intend to launch their respective ETFs by the end of the month, following final approval from the Securities and Futures Commission (SFC) and completion of listing details with Hong Kong Exchanges & Clearing Ltd. (HKEX).

JUST IN: Hong Kong set to approve spot #Bitcoin & Ethereum ETFs by Monday, Bloomberg reports.

Also read: Shiba Inu: AI Forecasts SHIB Price For April 15, 2024

The expected approvals follow reports earlier this week that Harvest was on the verge of receiving permission to launch a spot-Bitcoin ETF in Hong Kong. The SFC had previously granted Harvest and China Asset Management clearance to provide virtual-asset related fund management services on April 9.

The introduction of spot Bitcoin ETFs in the United States on January 11 has contributed to a resurgence in cryptocurrency markets this year.

Also read: Cryptocurrency: Top 3 Ethereum ERC20 Coins To Watch This Week

Hong Kong has been actively working to position itself as a hub for digital asset firms. The city has also implemented a regulatory regime for virtual asset service providers in June 2023.

Thus far, the city has approved platforms operated by HashKey Group and OSL Digital Securities. Prior to the anticipated approval of spot-crypto ETFs, Hong Kong had already permitted the launch of futures-based crypto ETFs. The three products, CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures, collectively hold assets of around $170 million.

The report comes at a time when the industry as a whole is anticipating Bitcoin Halving. With only seven days to go for the halving, Hong Kong is bringing good news to Bitcoin enthusiasts.

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Hong Kong To Approve Spot Bitcoin & Ethereum ETFs By Monday - Watcher Guru

Ethereum price surged to $3,663 on March 26, up 20% from the monthly low recorded on March 19: market data shows investors have taken on a more optimistic outlook ahead of the Bitcoin halving.

Ethereum came within whiskers of dipping below $3,000 last week after the post Dencun Upgrade sell-off. But with the Bitcoin (BTC) halving drawing nearer, on-chain data shows a significant change ETH investors disposition.

After the wholesale sell-offs that heralded the Dencun upgrade, delays around the widely anticipated Ethereum ETFs, ETH price is now back in recovery phase with 20% gains on the weekly chart.

On-chain data trends suggest that the positive shift in ETH market momentum can be attributed to investors making strategic moves to front-run possible impacts of the Bitcoin halving scheduled for April 20.

Notably, since the Bitcoin halving countdown hit the 30-day mark on March 19, Ethereum investors have switched into a more conservative trading approach.

Cryptoquants exchange reserves metric tracks the number of coins currently deposited in crypto exchange hosted wallets and trading platforms. It serves as a proxy for tracking investors tendency to sell or seek profit-taking opportunities in the short term or otherwise.

As of March 19, investors held a total of 14.2 million ETH coins across various exchanges and trading platforms. But that figure has now declined by 200,000 ETH over the past week.

Persistent declines in exchange reserves can be a prime indicator that traders are looking to hold out and may be reluctant to sell, conditional on timeframe and/or market conditions.

The correlation between this shift in the 30-day Bitcoin halving countdown suggests that the landmark network event could be a key driver behind this shift in Ethereum investors disposition.

However, regardless of the catalyst, a decline in exchange reserves often impacts the underlying assets price positively.

Firstly, valued at the current prices, it essentially means that within the past week over $740 million worth of ETH coins have been transferred out of the immediate market supply into long-term cold storage options or staking contracts.

If demand remains steady and supply keeps shrinking, it puts upward pressure on prices. And unsurprisingly, ETH price has already surged 20% since the exchange outflows began on March 19.

Hence, if more existing ETH investors keep up the conservative outlook, the Ethereum price recovery phase could further accelerate in the days ahead.

Drawing insights from the $730 million decline in ETH market supply, Ethereum price appears poised for a breakout towards $4,000 ahead of the Bitcoin halving.

IntoTheBlocks In/Out of the Money chart also affirms this positive stance. ETH currently faces a major resistance cluster from 854,150 addresses that acquired 981,710 ETH at the maximum price of $3,758.

But the IOMAP chart below shows that 76.9% of all investors that bought ETH within the 20% boundaries of the current prices are in profitable positions.

Without any major macro pressures, the majority of them could be reluctant to sell, leaving the door open to a $4,000 rebound as predicted.

However, in the event of another market downturn, the bulls will likely set-up to defend the $3,500 psychological support.

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Ethereum Price Forecast: $4k Rebound before Bitcoin Halving? - crypto.news

March 30, 2024 by Carolyna Mavis

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In the dynamic landscape of cryptocurrencies, the Solana blockchain introduces a vibrant new contender, Donk.Meme ($DONKM), amid Ethereums unexpected regulatory challenges. The recent SEC scrutiny over Ethereum has unsettled the crypto community, especially with the looming decisions on spot ETH ETFs. This has prompted investors to explore alternative opportunities, and Donk.Memes presale is capturing significant

In the dynamic landscape of cryptocurrencies, the Solana blockchain introduces a vibrant new contender, Donk.Meme ($DONKM), amid Ethereums unexpected regulatory challenges. The recent SEC scrutiny over Ethereum has unsettled the crypto community, especially with the looming decisions on spot ETH ETFs.

This has prompted investors to explore alternative opportunities, and Donk.Memes presale is capturing significant attention, amassing over 400 SOL in just a few days.

As Ethereum navigates through regulatory uncertainties, Donk.Meme emerges as a promising sanctuary for investors seeking stability and growth. With its innovative presale model and a solid foundation on the high-speed, low-cost Solana blockchain, Donk.Meme is not just a fleeting trend but a project with a vision for long-term success.

Join Donk.Meme Presale

Donk.Meme differentiates itself with a no-cap presale model that encourages wide participation and ensures fairness in token distribution. This approach, reminiscent of the strategies employed by successful predecessors like Book Of Meme ($BOME) and Pepe Token, positions Donk.Meme as a potential leader in the Solana meme coin space.

To join the presale, investors are invited to contribute Solana (SOL) tokens to the designated wallet accessible via Donk.Meme Presale.

This presale allocates 70% of the total 1 billion $DONKM token supply to the community, ensuring a democratized and equitable investment opportunity.

Donk.Memes journey has already seen remarkable milestones, with an explosive growth of nearly 3500 members across social media platforms.

The buzz has attracted the attention of multiple exchanges considering listings, signaling strong market confidence in the projects future. This early success underscores the communitys enthusiasm and the projects robust potential for exponential growth.

The final price of $DONKM will be dynamically determined at the presales conclusion, based on the total SOL contributed, with tokens airdropped to participants thereafter. This innovative model, coupled with the absence of insider or team tokens, reinforces the projects commitment to fairness and decentralization.

Join Donk.Meme Presale

As the presale unfolds, Donk.Meme is set to unveil a DAO leaderboard, spotlighting the highest SOL contributors. Appearing on this leaderboard not only brings prestige but also eligibility for exclusive NFT drops, with a minimum of 5 SOL required for a chance to be featured.

Dont miss your chance to be at the forefront of the next big Solana meme coin phenomenon. As investors seek alternatives amidst Ethereums regulatory scrutiny, Donk.Meme stands out as a beacon of opportunity, promising not only a safe haven but a thrilling investment adventure.

With its presale gaining momentum, now is the time to explore what Donk.Meme has to offer. Join us on this exciting journey by contributing to the presale and connecting with our vibrant community:

Donk.Meme is a pioneering meme coin project launched on the Solana blockchain, inspired by the beloved character Donkey from the iconic Shrek series. It represents a unique blend of humor and investment potential, designed to captivate both meme enthusiasts and crypto investors.

In a changing crypto landscape, Donk.Meme offers not just a meme coin, but a movement set to redefine what investors can expect from the burgeoning world of digital assets.

Link:

Donk.Meme Presale Rages On, Raises 400 SOL As Ethereum Faces Regulatory Heat, Poised To Surpass $WIF ... - Blockchain Magazine

After a famous crypto investors tweet predicting the 2024 bull run, Ethereum (ETH) and Cardano (ADA) enthusiasts are flocking to Koala Coins (KLC) presale, now in its first stage and priced at $0.014. Seize this opportunity to be part of Koala Coins (KLC) promising journey, where the FOMO is real and the potential is boundless.

Koala Coin (KLC) makes its name with a unique blend of meme magic and a tight-knit community, offering more than just a currency. It promises an odyssey of cheer and camaraderie thats as heartwarming as a Koala Coins (KLC) embrace. Dont miss your chance to join this joyous adventure.

Investing in the Koala Coin (KLC) universe means engaging in transactions that echo the essence of Internet culture and cooperative camaraderie. Each Koala Coin (KLC) token is not just a digital asset; its your ticket to a world where financial freedom meets fun. Act now and avoid FOMO!

Ethereum (ETH), the smart contract behemoth, currently stands at $3,630, illustrating a 7-day upshot of 4% after a profit-taking dip. With a 30-day gain of 22%, Ethereum (ETH) demonstrates unbridled growth potential. Its robust technology and widespread adoption make Ethereum (ETH) a reliable port for investors.

Amidst this backdrop, Ethereum (ETH) users are eyeing Koala Coin (KLC), attracted by its community-driven approach and meme-infused charm. As Ethereum (ETH) continues to innovate and expand its ecosystem, the playful yet promising nature of Koala Coin (KLC) offers a refreshing juxtaposition, inviting Ethereum (ETH) enthusiasts to diversify their crypto portfolios.

Cardano (ADA) currently trades at $0.66 and is experiencing a slight upturn of 2% over the past week on the back of a 30-day performance of 12%, signaling an optimistic market outlook.

The Cardano (ADA) community, renowned for its dedication to technical superiority in blockchain solutions, finds the whimsical yet ambitious nature of Koala Coin (KLC) compelling. As Cardano (ADA) continues to forge paths in mission-critical applications, Koala Coins (KLC) emphasis on community and joy offers an intriguing contrast, presenting Cardano (ADA) users with a unique opportunity to explore the lighter side of crypto.

In the fast-paced world of cryptocurrency, where Ethereum (ETH) and Cardano (ADA) set the stage for innovation, Koala Coin (KLC) emerges as the beacon of novelty and camaraderie. This is your golden moment to pivot towards a token that promises substantial growth and an unparalleled community spirit.

Fortune favors the brave: the time to act is now, as Koala Coin (KLC) stands poised to eclipse traditional giants with its infectious charm and potential for explosive growth. The fear of missing out on this unique blend of meme culture and financial opportunity is palpable make your move before its too late.

Check out the coolest meme project around at the official website here

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Unlocking New Territories: Ethereum (ETH) and Cardano (ADA) Users Discover the Charms of Koala Coin (KLC) - NewsBTC

Bitgert is making waves across the cryptocurrency industry due to the huge growth its experiencing. Its fast gaining momentum in this space due to the price progress it has achieved in recent years.

With over 100% growth in the last few months, speculations have been made regarding its future. It has been tipped by many investors to become a top coin, giving other major coins, like Ethereum, a run for their money.

Chances are high that this happens due to the solid structure on which Bitgert is built.

Bitgert operates via a mechanism called the Deflationary mechanism. This means that for every transaction conducted, a part of the transaction is burnt. This aggressive burning structure is one of the triggers to the continuous pump in the coins value.

This pump is noticed in the level of rise since the coins launch, marking over a 30,000% difference. Despite the launch, its market cap is still moderate, giving it a chance to pump even higher than it has achieved.

Several analysts have predicted it will outperform several top tokens soon.

Bitgert has shown some level of similarities with Ethereum in so many ways. Its compatibility with Ethereum Virtual Machine allows it to carry out blockchain contracts and supports Defi alongside NFTs. The structure with which Bitgert is built is centered on giving users the utmost blockchain experience, just as Ethereum is built. Both coins are also known to be of quality with massive potential in the future. It will be interesting to see what the future holds for both.

It is safe to say that Ethereum laid the foundation of smart contracts in the blockchain industry. However, it lacks in certain areas, which Bitgert has proven better at.

In terms of scalability, Bitgert has an edge with its zero gas fee compared to Ethereum and its high gas fee. This has made many investors opt for a better option and increased the performance of Bitgert.

Ethereum can not match the swift pace of carrying out transactions on Bitgert. This has drastically improved investors experience, making it easier to carry out transactions.

Bitgert is experiencing a flowing uptrend compared to Ethereum, which moves slower compared to Bitgert, making it quite evident as to why Bitgert is a better option.

Bitgert is clearly showing better potential than Ethereum. Comparisons on their individual market cap clearly show Bitgert has higher chances of going far beyond the moon, giving investors an excellent chance to make good returns. However, investors must carry out necessary research to gain better insight into the best option to follow.

To know more about Bitgert, Visit https://bitgert.com

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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The Bitgert Coin Phenomenon: A Worthy Competitor to Ethereum - NewsBTC