With the spot Bitcoin ETF approval by the US administration recently taking center stage in the crypto news scene, Hong Kong intends to follow in these footsteps since it received the first application from Harvest Hong Kong.Â
On the other hand, Borroe Finance ($ROE) continues to ride on the crypto wave based on the significant strides it’s making in the Web3 sector.
Borroe Finance’s Presale Edges Closer to Raising $3 Million
Since a successful presale indicates heightened investor confidence, Borroe Finance is making major steps at this level because different players see it as one of the top DeFi projects.
Borroe Finance is already at the fourth stage of its presale, having already raised more than $2.7 million.
As a result, Borroe Finance is just a stone’s throw away from raising $3 million at presale since the network is materializing as one of the top crypto to buy.
What is making Borroe Finance tick? Well, the network is emerging as a game-changer that intends to lower the barrier to Web3 entry by taming the short-term capital problem.
Specifically, Borroe Finance enables Web3 players to use their future incomes or outstanding invoices as collateral already generated as non-fungible tokens (NFTs) to get instant cash from revenue sellers who are part of its peer-to-peer (P2P) ecosystem.
Therefore, Borroe Finance acts as a major DEX (Decentralized Exchange) in the Web3 revenue financing field by presenting instant funding to various players, such as content creators, artists, and businesses.
Borroe Finance’s out-of-the-box solution in the Web3 sector is making the network one of the viral token launches.
For instance, Borroe Finance’s governance token called $ROE is witnessing a remarkable adoption rate, given that more than 227 million coins have been purchased at presale.
The impressive adoption rate that Borroe Finance is witnessing can be mistaken for hype-driven coin offerings because the ecosystem presents a real-world remedy for the cash crunch challenge experienced by Web3 participants.
Bitcoin ETF Might Enter Hong Kong Soil
Given that the Hong Kong Securities and Futures Commission (SFC) recently received the first application in the Bitcoin exchange-traded fund (ETF) field, the HODL culture in the BTC market might intensify.
Reportedly, Harvest Hong Kong, one of the leading asset management firms in China, recently filled a Bitcoin ETF with the SFC.
As a result, plans are in high gear for a spot Bitcoin ETF to be approved in Hong Kong in early February as the nation’s financial watchdog works round the clock to make this happen.
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