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Hong Kong financial authorities have officially allowed crypto firms to provide staking services for customers. However, they must abide by guidelines meant to protect users from associated risks. According to a notice published by the Securities and Futures Commission on April 7, crypto firms operating in the region that hold a virtual asset trading platforms license may offer staking services. Though, they must take necessary measures to protect customers and fully disclose the potential risks associated with staking virtual assets. Staking allows customers to generate yield through their crypto holdings. This is done through “locking up” the crypto asset for a certain period of time and accumulating interest from it. Platforms usually offer this feature through a proof-of-stake consensus mechanism that generates returns and distributes it to investors. Before firms can start offering staking services in their Hong Kong product suite, they must first receive formal approval from the SFC. The prior written approval will include specific requirements that crypto platforms have to follow before they can start providing staking services. The SFC claimed that it has adjusted its circular framework on virtual asset funds to facilitate staking. One of the requirements mandates companies to only partner with licensed VATPs and authorized institutes for staking crypto assets. Chief Executive Officer of the SFC, Julia Leung, stated that expanding their virtual asset guidelines to accommodate crypto staking products is an important part of encouraging growth within Hong Kong’s digital asset ecosystem. “But the broadening must be done in a regulated environment where the safety of client virtual assets continues to be front and center of the compliance framework for offering such service,” said Leung in her statement. Hong Kong regulators have been making regulatory moves to accelerate the growth of their crypto industry. By the end of 2024, the region was criticized for its slow-moving licensing process, falling behind other Asian countries like Singapore . Earlier today during the Hong Kong Web3 Festival 2025, the Hong Kong government announced that it would soon launch a stablecoin legislation alongside licenses for over-the-counter transactions and custody businesses. Moreover, it aims to also allow licensed spot ETFs to provide staking services.

As bitcoin (BTC) holds above $81,000, signals of a changing dynamic are multiplying. Recent data suggests a shift towards an accumulation phase, marked by a decrease in spot sales and negative funding rates on trading platforms. This technical context, often a precursor to a bullish reversal, may hint at a forthcoming impulsive movement. While the behavior of whales suggests an immediate rebound of BTC , funding rates have moved into negative territory across several major exchanges, including Binance, Bybit, OKX, and Deribit. This indicates that short positions are outweighing long positions. Historically, this phenomenon reflects excessive market distrust, often followed by a rebound when short sellers are forced to cover. In short, traders betting against bitcoin may soon find themselves trapped if the price starts to rise. Another key signal: the drop in spot sales volume. Bitcoin investors are no longer rushing to cash in their gains, preferring to hold their positions. This attitude reflects a growing confidence in a long-term bullish trend. According to on-chain data, long-term holders are back in accumulation mode . Despite these promising signals, bitcoin still faces a major technical resistance around $86,000. Breaking through this threshold would confirm a bullish recovery. For now, buyers are firmly defending the $81,000 zone, creating a favorable environment for a future explosion in volatility. On the macroeconomic front, global trade uncertainties continue to impact assets. Especially right now as Donald Trump has just announced new tariffs, which have plummeted the stock markets into the red . However, bitcoin’s resilience in the face of these disruptions demonstrates its growing role as an alternative asset. Institutional investors, while cautious, seem ready to gradually reintegrate into the market. Not all indicators are yet green, but the current context resembles a calm before the storm. If the selling pressure continues to wane and the resistance at $86,000 gives way, bitcoin could enter a new bullish phase. For savvy investors, now might be the time to accumulate, before the market takes off. But things could soon change, as there is a 70% chance that a crypto crash occurs before June .

Circle, the issuer behind the widely circulated stablecoin USDC, has unveiled plans for an initial public offering (IPO), signaling a potential expansion into more established corners of traditional finance (TradFi). The firm’s S-1 filing arrives at a time of intensified regulatory focus on digital assets, positioning Circle amid ongoing efforts to integrate blockchain-based systems into existing financial frameworks. In a positive development, the S-1 reveals a sharp increase in revenue, growing from $15.4 million in 2020 to $1.7 billion by 2024. This climb was fueled by escalating demand for USDC, a trend that reflects how both enterprises and individuals are increasingly favoring faster, more cost-effective payment mechanisms through fiat-linked digital currencies. Within the filing, Circle emphasizes that its strategic alliances with prominent financial institutions represent a deliberate pivot toward deeper institutional engagement. Partnerships with entities such as ICE, Visa, Mastercard, Stripe, Worldpay, and Moneygram are cited as pivotal, having embedded Circle’s stablecoin infrastructure into global payment channels. These collaborations, according to Circle, have amplified USDC’s international presence, making it a key access point for digitally native financial services across diverse markets. In tandem with revenue gains, Circle reported $156 million in net income and $285 million in Adjusted EBITDA for 2024. On the digital asset front, the company maintains relationships with prominent market makers and liquidity providers, including Cumberland, Galaxy Digital, Wintermute Trading, and B2C2. The filing also references crypto exchanges such as Coinbase, Binance, Kraken, and OKX. Nevertheless, the filing also brings potential vulnerabilities into focus. Circle concedes that ongoing ambiguity in U.S. regulatory frameworks could introduce substantial hurdles, with diverging legislative views and pending proposals casting uncertainty over both the company’s operations and broader public sentiment. The crypto turbulence of 2023, punctuated by banking failures that briefly disrupted USDC’s price, underscores the persistent instability the company must navigate. Although redemptions normalized soon after, the incident exposed how external financial stressors can unsettle even a fully backed stablecoin. Competitive pressure from rival issuers compounds these challenges. Though USDC remains the second-largest stablecoin in circulation, it contends with Tether and other entrants vying for dominance. Circle’s international expansion is also highlighted. Entering the European market introduces new revenue opportunities under electronic money token rules, though the varied regulatory requirements across jurisdictions add further complexity to operations. Lastly, the S-1 offers a detailed account of Circle’s reserve strategy and liquidity channels, providing insight into the mechanisms it employs to uphold USDC’s stability. A substantial portion of the company’s income currently stems from interest on reserve assets, which remain sensitive to shifts in monetary policy. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Key zone was front ran imo so think we can still see us tap this level at 5800s but overall this weekly level needs to hold or imo everything goes down another leg and markets once again go risk off. Neutral bias here but optimistic with holding weekly level

$ETH | In the last few weeks, the number of validators waiting to start staking Ethereum has surged to over 6,000 in the queue. That’s the highest in months. So, what’s going on? Smart money could be front-running ETF approval. If staking ETFs get the green light, demand for