Bloomberg ETF analyst Eric Balchunas predicts that Hong Kong spot Bitcoin ETF capital inflows may only be US$500 million, less than one-twenty-fifth of the current Bitcoin ETF inflows in the United States, because the total ETF market in Hong Kong is very small, the three approved issuers are far inferior to large institutions like BlackRock, transaction fees may be relatively high.

The deposit amount of FDUSD on Binance Launchpool far exceeds the issuance amount. The OMNI FDUSD pool has 197k participants, deposited exceeds 6 billion FDUSD. The official website of First Digital, the issuer of FDUSD, shows a circulation of only 3.97 billion.

Nine questions and answers about the Hong Kong Bitcoin and Ethereum Spot ETF Only 3 months to get approved? HK consider ETH and many tokens not securities? Why does HK allow physical delivery? Can 1.4 billion Chinese people buy bitcoin ETF? Read more

The UK will enact new legislation on stablecoins and cryptocurrency staking, trading and custody by June or July this year. A series of crypto asset activities such as operating exchanges and custody of customer assets will be included for the first time.

Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is a EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik Buterin has been interacting with the Railgun using small amounts of ETH basically every month.

CoinShares: Digital asset investment products saw minor outflows totalling US$126m last week. Investors are seemingly hesitant since the positive price momentum has stalled. Ethereum suffered on a relative basis the most, with US$29m outflows last week, marking its 5th consecutive week of outflows.

Solana v1.17.31 has released the is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network. Earlier, the failure rate of non-voting transactions on the Solana network was as high as 76.8%.

Landesbank Baden-Württemberg, Germany’s biggest federal bank, plans to start offering cryptocurrency custody services in partnership with the Bitpanda exchange. “The demand from our corporate customers for digital assets is increasing.”

OKX, the second largest offshore exchange, announced that it will launch memecoin WIF and MEW spot trading. OKX recently suddenly changed its style and listed a large number of coins. The reason is unknown.

Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.

DWF: Volume on Ordinals have increased exponentially with Bitcoin halving and Runes Protocol launch coming in April. The most prominent NFTs are nodemonkes BitcoinPuppets and QuantumCatsXYZ. Some of these airdrops have been of pretty high value. We expect many protocols to launch or migrate to Runes.

Willy Woo: $58.9k STH support, if this breaks we move to a bear market. We flushed out long leverage down to $60k. To liquidate lower, price would have broken the formidable $59k STH support, and a strong sign of a bear market. More likely short liquidations to 71-75k is next.

The public consultation on Hong Kong's OTC licensing system ended last Friday, but it only covers Bitcoin and Ethereum. Industry associations have called on officials to exempt USDT and USDC. Some practitioners are also opposed to the proposal to strengthen KYC review for a minimum transfer of HK$8,000.

This week the UK and Eurozone will release March CPI. Federal Reserve Chairman Powell will participate in a Q&A on April 16. In addition, the Vice Chairman, Governors, Voting Committee, etc. of the Federal Reserve will announce more than 4 updates.

Guy Ficco, director of criminal investigations of the Internal Revenue Service (IRS), recently stated that cryptocurrency tax evasion cases are expected to be on the rise this year. The IRS is currently ready to crack down and is cooperating with the blockchain analysis company Chainalysis and several other law enforcement agencies.

Recently, the median Ethereum Gas has been as low as 12.5 gwei, which is the lowest level this year. Ethereum Gas is currently at 8 gwei, according to @hildobby_ dune. There has been relatively more activity on blockchains such as Solana and Base recently.

Asia's weekly TOP10 crypto news: Iran attacks Israel causing cryptocurrency prices to fall, HashKey to Launch Offshore Exchange, Vietnam says it will not ban cryptocurrencies and Top10 News (0408-0414)

In response to some data websites disclosing that Ethena's profit this week was negative, Ethena officials stated that the income paid to sUSDe this week was $1.4 million; Ethena's additional income this week was about $3 million, which is usually transferred to the insurance fund wallet (0x2b...d4d5) every weekend, but this week due to the delay in the transfer to the contract, the relevant data websites calculated differences, and it is expected to be transferred tomorrow. The Ethena team is currently communicating with data websites such as DeFiLlama to correct this difference.

The BNB trading pair trends of the past 10 Binance Launchpool projects within 14days and the average yield trend of these 10 tokens was calculated, the theoretical average best selling point is 9 days and 11 hours after the opening, at which point the highest average yield can reach 8.7%, according to @0xKillTheWolf.

QCP: The Iranian attack on Israel has caused panic in the market. It is likely that BTC was used as a weekend proxy macro hedge and therefore bore the full brunt of the immediate risk-off reaction. It is worth noting that historically, buying the dip on the outbreak of major geopolitical conflicts has been a profitable trade.