The crypto market has stabilized after a weekend dip. Bitcoin is steady around $64,000, while Ether has gained over 3%.
Hong Kong is embracing crypto by allowing spot Bitcoin and Ether ETFs, making it a potential hub for regulated crypto activity.
Miners are preparing for the upcoming Bitcoin "halving" event, which is expected to reduce the supply of new Bitcoin. Large miners are optimistic, while smaller miners may face challenges post-halving.
El Salvador has profited greatly from its investment in Bitcoin. Nigeria has detained two Binance executives and demanded a $10 billion penalty. Hong Kong has launched a regulatory sandbox for stablecoin issuers. These developments showcase the differing approaches governments are taking towards cryptocurrencies.
