ISTANBUL & DUBAI, United Arab Emirates – GoWit has secured a strategic investment led by Nuwa Capital, with participation from DCP, APY Ventures, and Formus Capital. This funding will support GoWit’s expansion of AI-powered retail media across the EMEA region.
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Asia Market Open: Crypto Extends Losses, Global Stocks Weaken on Economic Jitters
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Bitcoin Depot Expands to Hong Kong in First Asian Market Entry
The post Bitcocom. Bitcoin Depot, North America’s leading Bitcoin ATM operator, announced its entry into Hong Kong this week. The Nasdaq-listed company (BTM) revealed plans to establish operations in the city, marking its debut in the Asian market. The expansion represents a calculated move into a jurisdiction with growing cryptocurrency adoption. Bitcoin Depot aims to secure a position among Hong Kong’s top five Bitcoin ATM operators. The company identified the region’s demand for accessible cash-to-crypto services as a primary driver for the expansion. Scott Buchana, President and Chief Operating Officer of Bitcoin Depot, emphasized Hong Kong’s emerging status in the digital asset sector. He cited the city’s regulatory environment, market demand, and overall momentum as key factors in the decision. Regulatory Environment and Market Position Hong Kong requires Bitcoin ATM operators to secure a Money Service Operator license from the Customs and Excise Department. This licensing ensures legal compliance for cash-to-crypto transaction services. Current data from Coin ATM Radar indicates 223 Bitcoin ATMs operate within the city. The city has positioned itself as a digital asset hub distinct from mainland China’s restrictive stance. Hong Kong’s regulatory framework provides clearer guidelines for cryptocurrency businesses. This approach has attracted international firms seeking a regulated Asian market entry point. Franklin Templeton’s recent launch of a tokenized US dollar money market fund demonstrates Hong Kong’s innovation trajectory. The November debut marked the territory’s first fully onchain fund integrating issuance, distribution, and servicing for professional investors. Global Bitcoin ATM Landscape Bitcoin ATMs allow users to buy or sell Bitcoin using cash or debit cards at physical kiosks. The global network has expanded significantly since January 2021. Total installations have grown 177% to reach 39, 469 machines worldwide. The United States dominates the market with 30, 869 Bitcoin kiosks. Canada holds the second position. Australia has experienced remarkable growth, jumping from.
Dogecoin Price: Dogecoin Falls 5% as Lower-Lows Pattern Aids Bearish Outlook
The post Dogecoin Price: Dogecoin Falls 5% as Lower-Lows Pattern Aids Bearish Outlook appeared com. Dogecoin plummets 5 percent in a lower-lows trend, institutional liquidation, and whale dispersion. The technical perspective is still negative, with traders observing major support areas. Dogecoin fell on Tuesday by 5 percent to $0. 16 and cut across significant support bands. The action was during extreme institutional selling and a high volume of trading. Whale distribution exacerbated, with massive $440 million outflows by big holder wallets of the DOGE. The token was trading in a volatile range of $0. 0185, with an overall high selling pressure at 20: 00 GMT. The breakdown was followed by a sharp V-shaped rebound. Price stabilized a little at about $0. 1550, where dip-buying cropped up. The recovery operations were limited up to 0. 1700, which proved resistance along previous support areas. Volume was skewed bearishly, where major exchanges were mostly sold. Whales Fuel the Sell-Off Whales sold over 1 billion Dogecoin coins this week, eliminating approximately 5 billion in market value. Analysts record that large holders have been flattening out postures in an aggressive manner, enhancing the push of the bears. The sell-off is one of the sharpest falls of Dogecoin in years, which brought it to its lowest point since 2020. The mood in the meme coin industry has worsened. The institutional interest has changed to Bitcoin, Ethereum, and other large-cap assets. Analysts caution that the way to $1 is growing more distant, as confidence amongst the top holders is dwindling. Technicals Signal More Pain Ahead Dogecoin is still in a low-highs, low-lows structure, with a more evident bearish trend. The short-term oversold recovery is just remedial but not directional. The momentum oscillators are continuing to be negative at the hourly levels and the RSI at the daily level has not reached the level of sub-40. The traders are paying close attention to its short-term support of the.