DeFI News by Thebittimes.Com

Digital assets saw a new weekly record as inflows hit $2.9 billion last week. Bitcoin recorded inflows of $2.86 billion, while Ethereum, Solana and Polygong saw minor outflows. CoinShares shared the details in its Digital Asset Fund Flows report published on Monday, March 18. The crypto investment space saw a record $2.9 billion in inflows last week, digital assets manager CoinShares says. Per the report, the figure beat the previous week’s $2.7 billion, with this a seventh consecutive week that crypto investment products are seeing inflows. “ This week’s in flows have pushed year-to-date in flows to US$13.2bn, smashing the full 2021 in flows of US$10.6bn ,” CoinShare’s global head of research James Butterfill noted in the Digital Asset Fund Flows report published on Monday, March 18. Bitcoin saw inflows of $2.86 billion In a week where Bitcoin price shot to a new all-time high above $73k before flipping negative to test lo...

A "horrendous bearish engulfing" risks defining the weekly close, but all may not be lost, Bitcoin price analysts insist. Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $26,600 becomes popular BTC price target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing. Up around 2.5% from the lows set the day prior, the pair remained on traders’ radar as a potential short opportunity into the weekly close. “$26,600 is my target in my short position right now, and being the weekend it may take a bit longer to get there,” Crypto Tony confirmed to Twitter followers on the day. “It is the most logical target and we also have bids popped up down there too now, so i am expecting a reaction once tested.” BTC/USD annotated chart. Source: Crypto T/Twitter That target would mark a new bottom for Bitcoin, which lost 1...

Author：Lily Editor：Colin Wu 1 . HongKong’s weekly summary 1.1 HK Government releases Policy Statement on the Development of Virtual Assets in Hong Kong Link The Hong Kong SAR Government issued a policy statement on the development of virtual assets in Hong Kong, including an open and inclusive approach to global innovators in the virtual asset business, mitigating actual and potential risks in accordance with international standards, so that virtual asset innovation can flourish in Hong Kong in a sustainable manner. Hong Kong welcomes the introduction of Exchange Traded Funds (ETFs) for virtual assets and is open to the legality of property rights and smart contracts for tokenized assets. 1.2 Hong Kong poised to become world’s crypto asset hub, say Cheng, SBF and others Link At the “Hong Kong Fintech Week 2022”, New World Executive Vice Chairman and Chief Executive Officer, Mr. Cheng Chi-kong said that Hong Kong embraces three major opportunities and is expected to become a unique glob...