🚨Crypto exchange HTX (formerly Huobi) makes a surprising U-turn by withdrawing its application for a crypto license in Hong Kong just days after submitting it! 😲 HTX joins three other firms in retracting their plans to extend services in the region. No public statements have been made by HTX regarding this sudden shift in strategy.

🔍This comes after HTX's local subsidiary Huobi HK filed for a virtual asset trading platform (VATP) license. So far, only OSL and HashKey Exchange have been granted licenses by the SFC in Hong Kong.

🔗In related news, Circle recently announced its decision to stop supporting USD Coin (USDC) on TRON, a blockchain network founded by Justin Sun, who also serves as an advisor to HTX. Circle's motives remain undisclosed, but they emphasize their commitment to maintaining USDC's integrity as a trusted, transparent, and secure currency.

🤔What do you think is behind HTX's sudden change of plans? Share your thoughts in the comments below! 👇