The next cryptocurrency bull run, according to American investor and co-founder of the Gemini cryptocurrency exchange Cameron Winklevoss, will originate in Asia, leaving America with two choices: embrace cryptocurrency or fall behind. Central & Southern Asia and Oceania (CSAO), which received $932 billion in cryptocurrency value between July 2021 and June 2022, was the third-largest cryptocurrency market in 2022, according to Chainalysis. Former CEO of the massive crypto derivatives company BitMEX Arthur Hayes has stated that Hong Kong may serve as both a hub for Chinese money and Beijing’s test market for its new cryptocurrency marketplaces.Paul Chan, the financial secretary of Hong Kong, disclosed legislation in December to establish a licensing system for virtual asset service providers, sparking speculation that the regulatory easing in Hong Kong will result in a significant increase in utility token trading on Asian-focused exchanges. News Sorce

During the past few weeks, the average transaction cost on-chain has remained constant and is currently cruising along at $1.77 per transfer. Blocks bigger than 3 MB have become common, with many blocks being close to the 4 MB range, and ordinal inscriptions are getting close to the 150,000 level. Following a 122% spike during the first week of February, average onchain fees have stayed constant. News Sorce