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Crypto Evening Briefing: Hong Kong Plans To Let Retail Sector Trade Larger Crypto Tokens Like Bitcoin

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Hong Kong Proposes Rules for Crypto Trading Platforms

Hong Kong's Securities and Futures Commission (SFC) on Monday published its proposed rules for virtual asset trading platforms and is seeking public comment.

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse headset subsidiary.

Crypto Hedge Fund Galois Capital Shuts After Getting Caught Up in FTX Saga

Galois Capital, a crypto hedge fund that had half of its assets trapped on the collapsed crypto exchange FTX, is reportedly shutting down and returning its remaining money to investors.

Hong Kong Plans To Let Retail Sector Trade Larger Crypto Tokens Like Bitcoin

Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.

US Sends Team to Brussels To Study EU’s Landmark Crypto Law Amid SEC Crackdown

Over a dozen US Congressional staffers – largely crypto and fintech specialists – will be heading to Brussels and Paris, tasked with learning about the EU’s new legal framework for crypto. They will meet with EU officials and regulators as well as crypto industry lobbyists for firms and trade groups based in the bloc, say six people with knowledge of the trip.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $24,876.42 USD, jumped by 0.71% in the last 24 hours;

ETH’s live price is $1,708.99 USD, jumped by 0.72% in the last 24 hours;

BNB’s live price is $317.61 USD, jumped by 0.54% in the last 24 hours;

XRP's live price is $0.3946 USD, jumped by 0.11% in the last 24 hours.

Fundraising News

Venom Foundation in Partnership With Iceberg Capital Launches $1 Billion Venom Ventures Fund

Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF). 

Get the latest news here: Cointime channel — https://t.me/cointime_en

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