Crypto News

Hong Kong's Securities and Futures Commission (SFC) is looking to increase its headcount, with more than half the added roles dedicated to regulating crypto, according to a two-year budget plan presented to the Legislative Council, the region's legislative body known as Legco.Despite freezing its headcount in three of the five financial years since 2020, it is looking to add another 15 people, eight of whom will be dedicated to crypto as the regulator furthers its commitment to regulate the industry."Eight of the proposed new headcount is for enhancing the staffing support for virtual asset regulatory regimes, market surveillance and enforcement investigations," the budget presented on Monday said.The growth comes as Hong Kong's administration faces a budget deficit that is forecast...

President Trump’s preemptive tariffs achieved two victories, prompting Canada’s Trudeau and Mexico’s Sheinbaum to compromise and announce measures to strengthen their border and drug policies. However, China countered Trump’s announcements with retaliatory sanctions. Trade War Watch: Trump Trumps Canada and Mexico; China Retaliates President Trump announced the suspension of the executive order that enacted additionalSource link

By Omkar Godbole (All times ET unless indicated otherwise)If you follow financial markets, you've probably come across the terms "risk-on" and "risk-off." Now we seem to be entering a new era of "tariffs on/tariffs off."In a risk-on environment, growth-sensitive assets like stocks and cryptocurrencies tend to rise due to expectations of economic expansion or accommodative monetary policy. Conversely, risk-off situations reflects a lack of investor confidence, leading to sell-offs and a preference for safer assets.But this week, President Trump's tariffs announcement have single-handedly guided markets. Early Monday, bitcoin (BTC) plummeted to nearly $91,000 as Canada and Mexico retaliated against Trump's tariffs. That was "tariffs on" trading.Later, it rebounded above $100,000 after Trump paused the Mexico tariffs for the 30 days...

The new "Zero Plan" costs nothing and gives users 3GB of data, 300 texts and 100 minutes of calls to use each month, for free.Source link

The ETF trading week began with a slight shift in investor sentiment, as capital moved away from bitcoin ETFs and favored ether ETFs. Bitcoin ETFs Lose $235 Million While Ether ETFs Attract $83.5 Million On Monday, Feb. 3, the U.S. spot exchange-traded fund (ETF) trading action saw investors leaning more toward ether ETFs than bitcoinSource link