CRYPTO QUANT | ₿TC (+1%), ETH (-1%), HK Lifts Crypto Ban (w/ China approval), Old ₿TC Supply=Dormant

ON-CHAIN & ANECDATA   

• Hong Kong plans to lift ban on retail crypto trading >> theblock
• Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing >> bloombeerg
• Majority of bitcoin retail investors lost money in the last seven years >> bis.org
• FTX Japan to resume crypto and fiat withdrawals on Feb. 21 >> theblock
• Crypto hedge fund Galois Capital shuts down after losing $40M to FTX >> ft
• Huobi, Gate, OKX and others have applied for licenses of Hong Kong exchanges >> twitter.com/justinsuntron
• US Crypto Crackdown Boosts Appeal of Friendlier Overseas Hubs >> bloomberg

  

GIP | CRYPTO QUAD QUANT 

*With exception, risk range calculations and market data reflect pre-market prices (updated as of 6:00AM EST +/- 30 mins)

**Performance in title is calculated using latest price relative to the Bloomberg CFIX reference rate which provides a simple average of the BGN Pricing Source for any given Cryptocurrency over a 15 min window between 4.00pm and 4.15pm EST.  Here, it serves as a reference proxy for "overnight" performance.