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- 🗿 Hong Kong is Letting Us Down
🗿 Hong Kong is Letting Us Down
Why they aren't buying + more
GM. Hong Kong is in the ETF game and they suck at it. Market is trending down, but it’s a big week for macro market announcements.
If this is all too stressful for you, we’ll help you play with legos.
Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.
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Hong Kong Launches ETFs
Asia's First Spot BTC, ETH ETFs launched yesterday in Hong Kong… and activity is scary low.
BTC ETFs saw $8.5M in trading volume
ETH ETFs saw $2.5M in trading volume
U.S. Bitcoin ETF launch dramatically outperformed Hong Kong's, with a first-day trading volume of $655 million.
FIVE GUYS FROM HONG KONG ARE BUYING
— Sonder (@sonder_crypto)
3:10 PM • Apr 30, 2024
Of course, we didn’t expect Hong Kong to match US trading volume, but some are predicting that their market could get to 20% of the US. So far, that prediction is falling short.
We’ll continue to monitor the situation so you don’t have to. I’m sure our friends in Asia will get their act together soon enough.
Big Week for the Macro Market
There is a lot going on this week that will undoubtedly have an impact on crypto. Shitcoiners and bettors, turn up your volumes.
Key Events This Week (Happy Fed Week!):
1. CB Consumer Confidence data - Tuesday
2. JOLTs Jobs data - Wednesday
3. Fed Interest Rate Decision - Wednesday
4. ISM Non-Manufacturing PMI data - Friday
5. April Jobs Report data - Friday
6. ~20% of S&P 500 companies report… twitter.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
12:40 PM • Apr 28, 2024
AI App of the Week 💻
AI gets a lot of hype. But how does that help me?
This section is dedicated to No Fomo’s favorite AI tools.
We’ll try to fish for things that make your life easier. Or we’ll give honest, informative reviews of apps capturing Internet attention.
This Week’s App De Jour: BrickCenter
Today we’re going off the beaten path to have some fun. Markets are down, so you might need a pick-me-up.
Brick Center is an AI tool that let’s you design your dream lego world from the legos you have. Generate custom Lego sets from text, create personalized minifigures, and explore unique Lego creations.
Mining for Memes ⛏️
Shoutout to all our meme-coin readers. Fly it proud
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