COINDESK DAILY: Hong Kong Could See Spot Bitcoin ETFs Soon; Friend.Tech Money Metrics Surge
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 April 2024
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry from the spot bitcoin ETF application in Hong Kong to the steam around Friend.Tech.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Hong Kong regulators are expediting the process to approve the spot bitcoin ETF applications, according to a report from Reuters. Plus, Friend.Tech sees money flowing back to the social application ahead of its potential airdrop. And, crypto exchange WOO X partnered with market maker Wintermute and indices provider GMCI to introduce a set of index perpetual contracts linked to meme coins, the top 30 cryptocurrencies, and layer 2 tokens.
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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:51.5 | Hong Kong regulators have sped up the approval process to approve spot Bitcoin ETFs in the region, |
| 0:57.0 | according to Reuters. A total of four entities have submitted applications to launch the product, |
| 1:02.4 | and Hong Kong regulators are likely to approve the first set of applications next week, |
| 1:06.8 | making it possible that the products could start trading this month. |
| 1:10.9 | Australia and Hong Kong are the two jurisdictions that could become the first in Asia to offer spot Bitcoin ETFs. |
| 1:17.9 | Friend Tech money metrics surge ahead of a potential airdrop. |
| 1:21.7 | The social application was one of the biggest blockchain-based platforms by revenue for a short period last year before usage dropped off. |
| 1:29.2 | Interest is picking back up as a new version teases a possible friend token and expansion beyond X. |
| 1:36.1 | French Tech is a blockchain-based social app that allows crypto personalities to issue shares for access to closed group chats on X. |
| 1:43.2 | Over $7 million flowed to the platform last week, |
| 1:46.8 | boosting the total value locked to nearly $40 million. And Wu X has introduced a meme coin, |
| 1:53.8 | layer two, and top 30 token index perpetuals. The exchange has partnered with marketmaker, |
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