MicroStrategy, Hang Seng and HSBC make waves amid rising adoption, FTX recovers $7b | Weekly Recap
During this week, the crypto industry observed a consistent increase in institutional adoption . Prominent entities such as HSBC, MicroStrategy, and Hang Seng garnered attention through notable advancements. Concurrently, the spotlight was on FTX, with the new management impressively recuperating a substantial $7 billion, instilling optimism for creditor reimbursement and fortifying prospects for a relaunch. Similar to previous weeks, there was a persistent emphasis on regulatory matters within the United States, as the country sought to establish effective oversight mechanisms for the burgeoning crypto industry. HSBC and MicroStrategy dive deeper Against the backdrop of escalating interest in investment products centered around cryptocurrencies among private institutions, HSBC, the largest bank in Hong Kong, made a notable entrance into this domain during the past week. In a momentous development, HSBC introduced a novel service that empowers its clients to engage in trading...