Cryptocurrency
Hong Kong’s CSOP Bitcoin Futures ETF Sees 5-Fold Surge in Assets Amid BTC Rally

CSOP Asset Management, a capital market firm in Hong Kong, disclosed in an interview with Reuters that its exchange-traded product, the CSOP Bitcoin Futures ETF (3066.HK), has witnessed a surge in assets under management (AUM) over the past five months.
The ETF’s Assets Under Management (AUM) has soared five-fold to over $100 million.
Rising Trading Volumes and AUM
Regarding trading volumes, the CSOP Bitcoin Futures ETF has increased in average daily turnover, reaching $2.8 million this year compared to $0.97 million last year.
The growth in AUM is not limited to Bitcoin alone; the CSOP Ether Futures ETF (3068.HK) has also experienced a surge in AUM, doubling over this year.
As noted by Alessandro Zhu, Deputy Head of Fixed Income at CSOP Asset Management, the surge in demand has primarily been driven by various factors. These include the recent approval and launch of spot Bitcoin ETFs in the U.S., which have sparked investor enthusiasm due to the perceived potential for further price appreciation resulting from BTC’s limited supply.
Bitcoin’s strong performance relative to Hong Kong stocks on the Hang Seng Index (.HSI) has also amplified investor interest in the asset.
Zhu also noted that despite cryptocurrency trading being prohibited in mainland China, offshore Chinese financial institutions have been actively investing in Bitcoin ETFs in Hong Kong, taking advantage of the city’s regulatory framework. This influx of institutional capital and the growing retail interest have propelled the CSOP Bitcoin Futures ETF to new heights.
Market Players Eye Crypto-Friendly Future
Market participants anticipate further developments in the Hong Kong ETF landscape, with expectations increasing for approving the first spot Bitcoin ETF.
Kennix Chan, executive director of Victory Securities, highlighted the promising signs, citing a significant number of spot Bitcoin ETF applications submitted to the Hong Kong Securities and Futures Commission in recent months.
Amidst these developments, Hong Kong continues to solidify its position as a hotspot for crypto-related activities. Harvest Fund Hong Kong recently filed for a spot Bitcoin ETF with the Hong Kong Securities Regulatory Commission.
Meanwhile, discussions are underway between Harvest Global Investments, a subsidiary of Harvest Fund, and the Hong Kong Monetary Authority regarding planned stablecoin trials within regulatory frameworks.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Cryptocurrency
Tether’s CEO Announces Decentralized AI Solution Utilizing Bitcoin and USDT

Paolo Ardoino, the CEO of the company behind the world’s largest stablecoin, announced on May 5 that his firm will soon launch an open-source AI runtime solution.
He reaffirmed Tether’s ambitions to become a global name in the growing artificial intelligence industry.
His tweet reads that the upcoming solution will not need API keys as it won’t have a central point of failure. It will be a “fully open-source AI runtime, capable to adapt and evolve on any hardware and device.”
https://t.co/qQkox6AfNg coming soon pic.twitter.com/1FZonsW5nq
— Paolo Ardoino (@paoloardoino) May 5, 2025
It will also integrate Tether’s Wallet Development Kit (WDK) to support payments using the company’s native and largest stablecoin (USDT) as well as Bitcoin (BTC).
In a separate post, Ardoino explained that Tether AI will have only one goal – to be the ideal technological foundation to achieve the vision of AI described in Isaac Asimov’s science fiction books. He believes the technology will become a “part of the very fabric of the universe” in the following decades.
As such, Tether is developing its own version, which will be “open-source, transparent, scalable, and able to adapt and evolve on any device regardless of the hardware” behind it.
The company has already made a few AI-related moves in the past year or so, including unveiling another platform called Tether Data.
It has also become a major player in the Bitcoin landscape. Not only does it continue to accumulate BTC frequently, but it has also gone deeper into the mining industry.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
5 Altcoins Set to Explode Before Bitcoin’s Next Bull Run (ChatGPT Predicts)

In the following article, we take a closer look at five altcoins that are set to explode according to none other but ChatGPT’s insight. Beyond its reasoning, though, we will also see their current price performance and try to determine if there’s any merit into its logic.
Altcoins vs. Bitcoin: a Neverending Battle
Bitcoin has always been considered the go-to cryptocurrency to invest in for people looking for long-term exposure to the industry. Why? Well, it’s considered to be the safest, despite its considerable volatility compared to traditional financial markets.
But it’s also true that Bitcoin’s price is currently above $90,000 and it’s hard to imagine a growth of, let’s say, 10-15x in the next couple of years, at least according to most of the analysts out there.
Traditionally, those seeking riskier (and therefore, potentially more opportunistic) investments have been turning to the far more volatile market of altcoins.
That’s why today we decided to ask ChatGPT about its take on the 5 altcoins set to explode before Bitcoin marks another move up. And it’s answer was… interesting.
Ethereum (ETH): “The Unstoppable Ecosystem”
According to the AI model, ETH is the first prime candidate for major gains before the next Bitcoin bull run.
“Ethereum may be the second-largest crypto, but it’s still considered an altcoin – and its potential remains massive. With the continued rollout of Ethereum 2.0 upgrades, reduced gas fees, and rising institutional interest, ETH is positioned to ride the next wave. Experts see Ethereum’s dominance in DeFi, NFTs, and tokenization only expanding.”
That’s an interesting take, although I can’t help but feel it’s kind of outdated. First things first, Vitalik Buterin did outline his vision for the project in 2025 and the focus is on L1s, Blobs, and UX improvements. Furthermore, he just said that he wants to make Ethereum as simple as Bitcoin for long-term success, resilience, and scalability.
It’s no secret that ETH has been one of the most disappointing altcoins this cycle and that its value against BTC has gone down exclusively since September 2022.
Ethereum has faced constant criticism and numerous challenges that the team is currently trying to solve. The NFTs that were so popular a few years back are largely dead or at the very least heavily depreciated and the market sentiment toward them is nowhere near where it was.
As for Ethereum’s dominance in DeFi, competing protocols like Solana, SUI, the Binance BNB Chain, and many, many more, are slowly chipping away at what was once the unquestionable king of DeFi.
Solana (SOL): “Speed, Scale, and Killer Apps”
Second on ChatGPT’s list is Solana, which seems more reasonable, given the massive gains it was able to chart in 2024.
As seen in the SOL/BTC long-term chart, the altcoin was able to perform a lot better than ETH and pretty much did better than BTC in 2024. It’s been all downhill in 2025, though.
According to the AI chatbot:
Solana’s lighting-fast transaction speeds and low costs have made it a favorite for developers launching DeFi apps, NFT platforms, and GameFi projects. After recovering from previous network setbacks, SOL has shown resilience and a committed ecosystem – making it one to watch as Bitcoin drags the market upwards.
All of the above is true, but it seems that ChatGPT is missing the crux of last year’s leg up – meme coin and to be even more precise – meme coin “presales” through pump.fun. It’s perhaps safe to say that Solana’s success in 2024 is largely due to the massive hype behind them. Hell, even the president of the US launched his own token. But now that meme coins have been revealed for what the large majority of them indeed is – money-grabs, scams, and downright frauds, the market has cooled down. And so has Solana.
Will it outperform Bitcoin if meme coins are out of breath?
Arbitrum (ARB): “Leading the Layer 2 Charge”
Let’s kick this off by saying that ARB is currently trading more or less at an all-time low against BTC.
Similarly to SOL, it had a good time in 2024, but that’s gone now. Data from DeFi Llama shows that current total value locked in Arbitrum is around $11 billion, which is definitely a lot, but when compared to Ethereum’s $365B – it pales. It’s not even in the top 5 . But let’s see what ChatGPT has to say about it:
As Ethereum’s leading Layer 2 scaling solution, Arbitrum offers faster, cheaper transactions while tapping into Ethereum’s massive liquidity. With growing adoption by dApps and decentralized exchanges, ARB could surge as demand for Layer 2 solution explodes during a bull cycle.
Chainlink (LINK): “The Oracle Powerhouse”
Next up – the favorite project of thousands of people, especially those of you who are here since before the last cycle – Chainlink (LINK).
Chainlink is an integral part of decentralized finance and it has been one for quite a while now. As you can see, market cycles are definitely impacting its price and it is outperforming Bitcoin during certain periods.
Chainlink is an oracle provider. You can think of oracles as the delivery men of outside information for every blockchain. See, blockchains can’t communicate with systems outside of them – they can’t get real-time information on prices on exchanges, for example. That’s where the oracles come in – they “bring” this information to the blockchain, so that it can operate in real-time and accurately. Every decentralized system needs an oracle and that’s why the bullish case for Chainlink has been so strong and its sentiment so positive throughout multiple market cycles.
Here’s what ChatGPT had to say about it:
Chainlink’s decentralized oracle network is critical for connecting smart contracts to real-world data — and it’s only becoming more important as DeFi, RWAs (real-world assets), and cross-chain solutions grow. LINK has been quietly building partnerships across the crypto space, and many believe it’s undervalued heading into the next cycle.
Injective (INJ): “The DeFi Underdog”
And last but not least, we have INJ.
According to ChatGPT:
Injective has emerged as a powerful decentralized trading platform offering cross-chain derivatives, spot trading, and more. With a focus on scalability and new product launches, INJ has quietly gained a loyal following. Analysts argue that during the next bull run, Injective could surprise the market with significant price action.
As seen in the chart above, INJ had an incredibly strong year in 2024 and it has shown that it is capable of outperforming BTC. This momentum, however, seems far gone and it’s interesting to see of ChatGPT will be correct about this one.
Conclusion
It’s really interesting that ChatGPT doesn’t pick low-cap altcoins to make massive gains in 2025, given that they are typically a lot more volatiley in comparison to their counterparts.
One thing that is clear, though, is that on a long enough time scale, Bitcoin is the undoubted king and everything is trending toward zero against it.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC

Co-founder and former CEO, Michael Saylor, announced the latest bitcoin acquisition made by the corporate giant, Strategy (formerly MicroStrategy).
The company has spent over $180 million to purchase 1,895 BTC, bringing its total to well over 555,000 BTC.
$MSTR has acquired 1,895 BTC for ~$180.3 million at ~$95,167 per bitcoin and has achieved BTC Yield of 14.0% YTD 2025. As of 5/4/2025, we hodl 555,450 $BTC acquired for ~$38.08 billion at ~$68,550 per bitcoin. $STRK $STRF https://t.co/rusgfuyCTG
— Michael Saylor (@saylor) May 5, 2025
Saylor hinted at the acquisition on Sunday, posting a chart from the saylortracker website, in which he wrote that there are not enough orange dots (used to showcase the company’s BTC purchases).
The latest buy comes at a more modest $180.3 million, which is a lot less than the previous ones, including last week’s announcement for $1.4 billion.
Nevertheless, Strategy continues with its years-long strategy (no pun intended) to acquire BTC on a frequent basis. It has really ramped up its efforts after the US elections.
Its total stash has surged to 555,450 BTC, bought at an average price of $68,550 per bitcoin. This means that the firm has spent $38.08 billion to acquire it, and its unrealized profit is currently north of $14 billion as BTC stands above $94,000.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World3 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions