Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Hong Kong joined Canada, Brazil and Kazakhstan in approving a spot Solana exchange-traded fund (ETF), further widening the gap with the US, which has yet to authorize one. Tether’s USDT stablecoin has now reached 500 million people, and the US Federal Reserve is exploring a new “payment account” model to let fintechs connect directly to the banking system.
Hong Kong approved its first spot Solana ETF, marking the third spot crypto ETF approved by the city after Bitcoin and Ethereum.
On Wednesday, the Hong Kong Securities and Futures Commission (SFC) granted approval for the China Asset Management (Hong Kong) Solana ETF, which will be listed on the Hong Kong Stock Exchange, according to a report by the Hong Kong Economic Times.
