TechFlow news: Senior analysts at HashKey Exchange noted that Bitcoin's price has been driven by expectations of ETF approval, and once officially approved, it could bring further positive developments.
Bitcoin’s fundamental narrative is gradually shifting toward a "safe-haven" role. Recently, amid escalating global tensions, Bitcoin prices have risen alongside gold, increasingly decoupling from U.S. equities. This may indicate strengthening safe-haven attributes for Bitcoin, although time and major events are needed to confirm this shift.
The Securities and Futures Commission (SFC) of Hong Kong released the "Joint Circular on Virtual Asset-Related Activities for Intermediaries," opening up retail digital asset and STO markets for Hong Kong brokers and banks, bringing significant market expansion. These measures include ATS (Alternative Trading Systems), STO (Security Token Offerings), leverage, and derivatives, providing the market with more capital and liquidity while ensuring risk management.
In addition, HashKey Exchange has launched the USDT/HKD trading pair in its Hong Kong dollar trading zone, allowing users to purchase the stablecoin USDT with Hong Kong dollars.
