Odaily News: Hong Kong Virtual Asset Rating Agency (HKVAC) announced today the launch of the HKVAC Global Cryptocurrency Index. The index aims to reflect the performance of widely investable virtual assets in the market. Furthermore, HKVAC also released the quarterly adjustment results of the HKVAC Large Cryptocurrency Index (excluding Bitcoin, Ethereum, and stablecoins) as of July 14, 2023. The adjustment changes will take effect on Friday, July 21, 2023, at 4:30 PM. The newly launched index and the quarterly adjustment results will be published on the official HKVAC website today.

In previous news, the virtual asset index announced by HKVAC, a Hong Kong private virtual asset rating agency, on June 27th has caused some controversy. HKVAC stated that they will publish new components and weights on July 14th.