Matrixport Lianchuang: ETH/BTC may drop to 0.05 first and then rise to 0.06
Daniel Yan, the founder of Kryptanium Capital and co-founder of Matrixport, said that although ETH prices may benefit in the long term, we may see sustained net outflows from ETH trust funds (ETHE) due to the steep learning curve and lack of proof of stake income.He also stated that ETH/BTC may first drop to 0.05 and then rise to 0.06.
Matrixport's associated address transferred 29,429 ETH to the address starting with 0xf30 one hour ago, worth $96.4 million
@ai_9684xtpa monitoring shows that Matrixport's associated address transferred 29,429 ETH accumulated over the past two days to an address starting with 0xf30, worth $96.4 million. Based on previous transactions, it may be used for collateral. This address transferred 21,000 ETH (worth $65.28 million) from Binance, OKX, and Deribit between April 14-15 at an average price of $3,108, and is currently floating a profit of $2.83 million.
Matrixport Applies for Virtual Asset Trading License in Hong Kong
Matrixport has applied for a virtual asset trading license from the Hong Kong Securities and Futures Commission (SFC), demonstrating its commitment to regulatory compliance. This move comes as 21 other companies, including Crypto.com and Bixin, are also seeking VA trading licenses. Hong Kong's regulatory environment for digital assets has become more stringent, and failure to comply with licensing regulations can result in fines or imprisonment. Despite this, Matrixport's accurate market predictions and ability to navigate regulatory challenges effectively have contributed to its success in the industry.
Matrixport COO: The passage of spot Bitcoin ETF is a new starting point
On January 13th, at the "2024 Family Office Matrixport Hong Kong Summit" hosted by Matrixport, COO Cynthia Wu stated that the approval of a Bitcoin spot ETF may result in a closer correlation between Bitcoin prices and traditional stocks. This is important for industry users, as the ETF is a new starting point that will bring more institutions, including retirement funds and some compliant hedge funds, into the industry. BTC will still be a better opportunity. Additionally, the success of keeping Web3 in Hong Kong is mainly reflected in three aspects: bringing money in, retaining talent, and ensuring transactions occur in Hong Kong. This should be considered a successful way to keep Web3 in Hong Kong.
Matrixport COO: The passage of spot Bitcoin ETF is a new starting point
On January 13th, at the "2024 Family Office Matrixport Hong Kong Summit" hosted by Matrixport, Matrixport COO Cynthia Wu stated that the approval of a Bitcoin spot ETF may lead to a closer correlation between Bitcoin prices and traditional stocks, which is very important for industry users. The ETF is a new starting point that will bring more institutions, including retirement funds or some compliant hedge funds, into this industry, and BTC will still be a better opportunity.
OKX and Matrixport have reached a strategic cooperation to jointly create derivatives services
OKX has upgraded its broker partnership program and reached a strategic cooperation with Matrixport, a digital asset financial services platform. The aim is to jointly create high-quality derivative services and enhance user trading experience.
Matrixport report: The U.S. SEC is expected to approve a Bitcoin spot ETF in January next year, and Bitcoin may rise to more than $50,000 by the end of January next year.
According to the latest report from Matrixport on December 22, it is expected that the US SEC will approve a Bitcoin spot ETF in January next year, and Bitcoin may rise to more than $50,000 by the end of January next year. This corresponds to historical events such as the launch of Bitcoin futures by the Chicago Mercantile Exchange (CME Group) in 2017.
