Unicorn in the Wild: HashKey’s Boom & ETF Drama in Singapore

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29 Jan 2024
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Enter the $1.2B Hong Kong Unicorn



Well folks, grab your calculators and clear your search history — we’ve got ourselves another unicorn. Welcome Hong Kong-based HashKey, now worth a cool $1.2 billion. They say unicorns aren’t real, but with a valuation like that, this mythical creature is galloping all over my market predictions for the year. And quite frankly, it’s giving this crypto cynic a run for his Bitcoin.


Tether: ‘UN Schmoon, We Reject Your Criticisms’


Moving on to Tether, they’re in the firing line again and this time, they’re so done with the buzzkills over at the UN. But hey, when the big guns come after you, what’s your first move? Denial, folks. It’s not just a river in Egypt, am I right? Apparently, the alleged UNSC claims are ‘unfounded and offensive’. And like a bad pawn shop transaction, Tether’s not buying it.


No Bitcoin ETFs? Singapore Says ‘Not Today, Satoshi’


It seems Singapore isn’t jumping on the Bitcoin ETF bandwagon, not today, and probably not tomorrow either. Their decision to say ‘nah’ does beg the question: are they playing safe, or are they so avant-garde that the rest of us are just behind? Whatever the case, it seems like Bitcoin ETFs can charm everyone except them. Breaks my heart, really, but hey, you can’t win them all, can you?


Thailand: A Spiritual Awakening or Just Crypto Enlightenment?


Last but not least, let’s drop by Thailand. An official decree ‘easing’ the crypto rules, they say? Not gonna lie, it’s somehow comforting when bureaucratic entities discover the beauty of minimalism in regulations. I mean, I’m a sucker for a good paradox. Keep it up, Thailand. Show the world that less truly is more, in both spiritual practice and financial regulations.


And there you have it, folks, a normal day in the life of the crypto universe — all unicorns, international criticism, random note issues and decreasing regulations. Just another turbulent day in paradise. Stay sharp, stay snarky.

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