WAO ART #427

Solana's cat-themed MEW coin gained 88% after a whale acquired $1.54M worth of MEW. OKX became the third major exchange to list Solana's MEW coin. MEW gained 439% in its first week and reached an all-time high of $0.009716.

Hong Kong has approved applications for Bitcoin and Ethereum spot exchange traded funds (ETFs). This makes Hong Kong the first region in Asia to offer spot ETFs. The approval comes as Chinese investors seek alternative assets due to pessimistic economic prospects.

Brazil's central bank is developing a digital currency called Drex, also known as the Digital Real. Drex aims to lower operational expenses, improve financial inclusion, and enhance the security and efficiency of big-ticket transactions.

PAX Gold reaches record high amid geopolitical tensions, reflecting trust in tangible assets. Bitcoin faces sharp decline, raising questions about its crisis hedge status. Market volatility spikes due to geopolitical tension news.

South African cryptocurrency exchange VALR has obtained Category I and Category II licenses from the FSCA. The licenses are part of South Africa's new cryptocurrency regulatory framework. VALR is the largest cryptocurrency asset exchange in South Africa, with over 1,000 corporate and institutional clients.

The Australian Securities Regulator has launched civil proceedings against three cryptocurrency firms. These firms are accused of convincing investors to purchase investment packages using self-regulated superannuation funds. The regulator stated that appointing a receiver is the best way to protect investors’ assets.

The World Bank is considering issuing a digital bond that settles in the digital Swiss franc. The World Bank has been leveraging DLT to issue digital bonds since 2018. The World Bank is exploring the application of technology to digitalize pledges made by donor countries.