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UXLINK announces a strategic partnership with the Japanese Web3 accelerator Pacific Meta

ChainCatcher news, Web3 social infrastructure UXLINK officially announces a strategic partnership with the Japanese Web3 accelerator Pacific Meta. This collaboration marks a key step for UXLINK in expanding its global footprint and deepening its international market layout.According to the cooperation plan, both parties will jointly promote a series of localized strategies aimed at enhancing UXLINK's influence in the Japanese community:Community Building Upgrade: Quickly launch the Japanese version of the official X (formerly Twitter) and Telegram channels to accurately reach local users in Japan and build an active Japanese Web3 social community.KOL Resource Integration: Deeply explore and collaborate with key opinion leaders in the Japanese Web3 field, leveraging their extensive influence and professional insights to comprehensively disseminate UXLINK's innovative concepts and platform advantages.Offline Event Development: Host multiple exclusive offline meetups and industry events in major cities in Japan, creating a high-quality platform for local Web3 enthusiasts to engage face-to-face and experience UXLINK.Customized Brand Promotion: Based on a deep understanding of the Japanese community's Web3 ecosystem, tailor brand promotion activities that align with local culture and market needs, enhancing UXLINK's brand recognition and reputation in the Japanese community.

State Street Bank: Predicts that cryptocurrency ETFs will surpass North American precious metal ETFs by the end of this year

ChainCatcher news, according to the Financial Times, based on predictions from State Street, the world's largest ETF service provider, the demand for cryptocurrency ETFs is surging, and it is expected that by the end of this year, their total assets will surpass North American precious metals ETFs. This change will make digital token ETFs the third largest asset class in the $15 trillion ETF industry, following stocks and bonds, surpassing real estate, alternative investments, and multi-asset funds.Frank Koudelka, head of State Street's global ETF solutions, stated, "The growth rate of cryptocurrencies has surprised us. I expected there would be pent-up demand, but I didn't expect it to be this strong." He anticipates that cryptocurrency ETFs will continue to grow rapidly this year and points out that data shows an increasing number of investment advisors are interested in cryptocurrencies and incorporating them into their portfolios. Precious metals ETFs have a 20-year first-mover advantage, with the world's first physically-backed gold ETF—the $85 billion SPDR Gold Trust (GLD)—launched in 2004, and it remains the largest precious metals ETF to date. However, State Street expects that the total assets of North American precious metals ETFs, currently at $165 billion, will be surpassed by cryptocurrency ETFs this year.State Street also predicts that the U.S. Securities and Exchange Commission (SEC) will approve more digital asset ETFs this year. In addition to the existing Bitcoin and Ethereum ETFs, fund management companies have applied to launch ETFs based on various tokens such as SOL, XRP, and others. State Street expects that by 2025, ETFs based on the top ten tokens by market capitalization will be approved.
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