Project Updates

Approval of two giant companies: Green light for spot Bitcoin ETF! The U.S. SEC's approval of spot Bitcoin ETFs has been an important threshold. After that, other countries started to follow this path. The Hong Kong Securities and Futures Commission has approved Harvest International Asset Management Company and China Asset Management (Hong Kong) Co. Ltd. for coin circle asset management competencies. The move paves the way for the launch of spot Bitcoin ETF products, which are expected around the end of April. The updated list of virtual asset management fund companies on the official website of the Hong Kong Securities and Futures Commission reveals the inclusion of Harvest International and China Asset Management, marking their entry into the virtual asset industry in Hong Kong. These well-known public fund companies now have the necessary qualifications to promote "Coin Circles"-related money fund products to the public, including spot Bitcoin ETFs. #ContentStar# #HotTopicDiscussion# #BountyCreator# #GateioBountyCreator#

Against the backdrop of Fluctuation in the Crypto Assets market, the fate of WEMIX has attracted widespread attention within the industry. The latest data shows that while the Web3 gaming sector has attracted a lot of capital, its high average annual failure rate of 80.8% highlights the instability and risks in the sector. In addition, WEMIX announced in March 2024 that it would reduce its max supply by 60% in an attempt to improve its market position by restructuring tokenomics. However, WEMIX's market challenges are not unprecedented. In November 2022, WEMIX was exchange delisting by long Korea due to being marked as a warning item by the Korea digital asset exchange Association, and the price big dump to 0.42 USDT at one point. The incident severely affected its market capitalization and investor confidence. Despite facing significant market fluctuations, WEMIX continues to aggressively expand in the Blockchain gaming space. In 2023, by with Mirana

Mainland my country's criminal law does not explicitly deny that virtual currency constitutes "property". The recent judgment in Hong Kong can also serve as a positive reference for the protection of virtual currency criminal law in mainland my country.

The Worldcoin Foundation today announced that WorldCoin, a project co-founded by Sam Altman, Alex Blania and Max Novendstern, is now live and in a production-grade state The launch includes the release of the World ID SDK and plans to scale Orb operations to 35+ cities across 20+ countries

Exceptional Media, which is the parent of YieldNodes, a project based in Hong Kong that rents out computing power for participation in masternode pools, has officially filed a lawsuit with the Supreme Court of the State of New York against Chainalysis, which in the 2023 Chainalysis Crypto Crime