Crypto ETPs See Record $199M Inflow, Bitcoin Passes $31K

• Crypto ETPs saw $199M inflow last week, the largest since July 2022
• HSBC’s Hong Kong customers can now trade Bitcoin, Ethereum futures ETFs
• FTX files complaint to retrieve $700M from “super-networker” Bankman-Fried courted for connections

Crypto ETPs Inflow

Crypto Exchange Traded Products (ETPs) saw an inflow of $199 million last week, which is the largest amount since July 2022. This surge in ETP investments could be attributed to growing investor confidence in cryptocurrencies and the rising demand for digital assets.

HSBC Customers Can Trade Crypto

HSBC’s Hong Kong customers are now able to trade Bitcoin and Ethereum futures ETFs through the bank’s digital platform. This move could lead to even more institutional investors entering the crypto space as they look for ways to diversify their portfolios.

FTX Files Complaint

FTX has filed a complaint against “super-networker” Bankman-Fried in order to retrieve $700 million. Bankman-Fried had been courting for connections with influential people and companies as part of its business strategy.

Supreme Court Rules In Favor Of Coinbase

The Supreme Court ruled in favor of Coinbase, issuing an order that moves a user lawsuit into arbitration. The lawsuit pertains to allegations that Coinbase had failed to protect users‘ funds when it was hacked back in 2020.

NEAR Protocol Partnership With Alibaba Cloud

NEAR Protocol saw a boost following its partnership with Alibaba Cloud, whose cloud developer ecosystem will give access to key regions such as Asia and the Middle East. This means NEAR could attract new developers via Alibaba Cloud’s plug-and-play infrastructure and RPC services.