Bitfinex, a well-established cryptocurrency exchange, suddenly halted trading on Sunday evening. The official website currently displays a message stating, “We apologize for the inconvenience, as we are currently undergoing maintenance.” The exact reason for this disruption is still unclear. Official X account also posted at 19:27, stating that the current cause of the problem is yet to be determined, and they will provide real-time updates.
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Hong Kong Securities and Futures Commission is rumored to approve the listing of a Bitcoin spot ETF by the end of April, with the initial list to be released next week.
Bitcoin spot ETF has already captured over 4% of BTC’s circulation, and a centralized crisis is imminent.
Michael Saylor: Bitcoin spot ETF is competing with the S&P 500 and will soon surpass gold.