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Hong Kong SFC considers allowing Ether staking for ETF issuers

The Hong Kong Securities and Futures Commission (SFC) has granted approval for the issuance of Ether staking exchange-traded funds (ETFs), marking a significant development in the region’s cryptocurrency market. This approval is expected to open new investment opportunities and enhance the accessibility of Ether staking for institutional and retail investors.

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The Hong Kong Securities and Futures Commission (SFC) has granted approval for the issuance of Ether staking exchange-traded funds (ETFs), marking a significant development in the region’s cryptocurrency market. This approval is expected to open new investment opportunities and enhance the accessibility of Ether staking for institutional and retail investors.

The newly approved Ether staking ETFs will allow investors to gain exposure to Ether staking rewards without directly managing the technical aspects of the staking process. By holding these ETFs, investors can participate in the staking economy, earning rewards while benefiting from the security and regulatory oversight provided by the SFC.

Julia Leung, CEO of the SFC, emphasized the importance of this approval in expanding the financial products available to investors in Hong Kong. “The approval of Ether staking ETFs represents a milestone in the development of our cryptocurrency market,” said Leung. “This move aligns with our commitment to foster innovation while ensuring investor protection.”

The approval process included rigorous scrutiny to ensure that the ETFs adhere to the SFC’s regulatory standards, providing a safe and transparent investment vehicle. The SFC has been proactive in creating a conducive environment for cryptocurrency investments, balancing innovation with stringent oversight to protect market integrity.

Market analysts believe that the introduction of Ether staking ETFs will attract significant interest from investors seeking diversified exposure to the growing Ethereum ecosystem. The ETFs are expected to provide a convenient way for investors to earn staking rewards, potentially boosting the overall demand for Ether and contributing to the network’s security and decentralization.

The launch of these ETFs is part of Hong Kong’s broader strategy to position itself as a leading hub for cryptocurrency and blockchain innovation. By facilitating access to advanced financial products like Ether staking ETFs, the region aims to attract both local and international investors, fostering a vibrant and dynamic financial market.

As the global interest in cryptocurrencies continues to surge, Hong Kong’s regulatory approach, exemplified by the approval of Ether staking ETFs, is likely to set a precedent for other jurisdictions. The move underscores the region’s commitment to embracing technological advancements while maintaining robust regulatory frameworks.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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