Monthly Market Update (March)

In March, macroeconomics developments continued to weigh heavily on the markets. Total crypto market capitalization decreased by 6.8% in March, following a steep 20.7% decline in February as markets continue to remain on tenterhooks amidst escalating trade tensions between US and its trading partners.
Hong Kong SFC Greenlights ETH ETF Staking, HashKey Exchange Among First to Offer Staking Services

Hong Kong, Apr. 10, 2024 — The Hong Kong Securities and Futures Commission (SFC) today provided regulatory guidance respectively to licensed virtual asset trading platforms (VATPs) on their provision of staking services, and to SFC-authorised funds with exposure to virtual assets (VA Funds) on their engagement in staking. As one of Asia’s leading virtual asset […]