Binance CEO, CZ, has recently tweeted about the increasing support for cryptocurrencies from banks in Hong Kong. According to CZ, this development is likely to lead to more funds moving into the crypto space, with the current market capitalization of USDT alone being $80 billion.

Furthermore, CZ's tweet suggests that the rise of stablecoins, such as USDT, is likely to continue, with more stablecoins expected to enter the market in the near future. This is significant as stablecoins provide a way for investors to hedge against market volatility while remaining within the crypto ecosystem.

Overall, the increasing support for cryptocurrencies from mainstream financial institutions is a positive sign for the industry, as it indicates a growing recognition of the potential value and benefits of this innovative technology. As the crypto markets continue to mature and evolve, it is expected that more traditional financial players will enter the space, ultimately leading to a more integrated and robust financial ecosystem.