HK crypto stocks soared in morning trading. Linekong Interactive up 31%; OKG Technology up 29%; Boyaa Interactive up 23%; Sinohope up 15%.
The cryptocurrency market roared into March with a rally, recouping some of the losses from the asset class’s worst month since 2022, after President Donald Trump once again talked up his plan for a strategic crypto reserve.
In a Truth Social post on Sunday, Trump said his January executive order on crypto “directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.”
The inclusion of XRP and ADA tokens in Trump’s plan were surprising, according to Andrew Tu, head of sales at crypto market maker Efficient Frontier. Both tokens had huge rallies on Sunday, leading gains across most digital assets. Trump also said Bitcoin and Ether would be included in the reserve, helping those coins recover some of last month’s steep declines.
The announcements from Trump reconfirmed his loyalty to an industry that had showered him with donations and praise during his campaign following a crackdown on crypto companies under President Joe Biden’s administration.
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