📰 Crypto Highlights – May 22, 2025
1. 🇭🇰 Hong Kong Passes Stablecoin Bill
Hong Kong's legislature has approved a landmark stablecoin bill, establishing a licensing framework for fiat-referenced stablecoin issuers. Under this new regime, any entity issuing stablecoins in Hong Kong or backed by Hong Kong dollars must obtain a license from the Hong Kong Monetary Authority (HKMA).
2. 🇺🇸 Trump’s Crypto Dinner Sparks Market Buzz
Former President Donald Trump is hosting an exclusive crypto dinner today, May 22, 2025, stirring up the crypto market. The event has attracted significant attention, with top buyers of Trump-sponsored crypto winning exclusive dinner invitations.
3. 📈 Bitcoin and Ethereum Rally
Bitcoin has reclaimed the $90,000 level, with Ethereum also experiencing significant gains. The cryptocurrency market has witnessed a significant uptick in institutional investments into spot Bitcoin ETFs, marked by a robust $1.8 billion inflow, reflecting growing confidence among investors.
4. 🧠 Boba Network at Dubai Conference
Boba Network is participating in the “Scale x Surge Crypto: Recruitment Rumble” conference in Dubai on May 22nd, 2025. The event aims to connect crypto professionals and enthusiasts, fostering recruitment and collaboration opportunities.
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