news

South Korea, Japan, and Singapore may follow Hong Kong's lead and approve crypto spot ETFs

"Hong Kong's Securities and Futures Commission (SFC) approved the launch of Bitcoin and Ethereum (ETH) spot ETFs on Friday, raising the possibility that regulators in South Korea, Japan, Singapore, and other countries will follow suit and allow cryptocurrency spot ETFs," cryptocurrency media Blockworks reported on Nov. 16 (local time).

Karim Saber, a researcher at crypto ETP issuer 21Shares, said: "Countries like South Korea, Japan, and Singapore have high average crypto adoption rates. Given this, it seems Asia is poised to lead the wave of new Bitcoin spot ETF approvals. In South Korea, the opposition party's victory in April's general election has increased the likelihood of a Bitcoin spot ETF being approved. Japan and Singapore are unlikely to be far behind."

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

Read next