*📊 MIDWEEK DIGEST: Musk’s Meme Coin Madness, Hong Kong’s Crypto Move, Ethereum Price Surge And More*
Big crypto updates this week! From Musk’s meme coin chaos to new regulations in Hong Kong and Ripple’s expansion, here’s what’s shaking the market:
*🚀 Musk’s ‘Harry Bōlz’ Stunt Sends Meme Coin Soaring*
Elon Musk changed his X handle to "Harry Bōlz," (yeah, pun intended 👀) causing a Solana meme coin to jump 17,000% in 30 minutes, hitting an $11M market cap. He pulled a similar prank in 2023. While his motive is unclear, traders are rushing in.
*💼 Hong Kong Opens Doors to Crypto Investors*
Hong Kong now allows Bitcoin and Ethereum for investment immigration. Wealthy individuals can use crypto to meet the HK$30M (US$3.8M) residency requirement. Strict rules apply, but the move boosts Hong Kong’s crypto-friendly reputation.
*🇵🇹🇧🇷Ripple Expands Cross-Border Payments to Portugal & Brazil*
Ripple partners with Unicâmbio to offer seamless cross-border payments between Portugal and Brazil. This move marks Ripple’s first step into Portugal and strengthens economic ties between both nations.
*🔹 Ethereum Surge: Price Climbs to $2,728*
ETH is back up 5.5% to around $2,728. The reason? Another ETF proposal — because nothing pumps crypto like a shot at mainstream approval.
This time, the Cboe BZX Exchange is asking the SEC to allow staking for the 21Shares Core Ethereum ETF. If approved, it means investors could earn staking rewards while their ETH stays securely with a custodian.
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