[Comparative Weekly Review] Bloomberg Analyst: Multiple spot Bitcoin ETFs may be approved during the 8-day window starting November 9; Sun Yuchen: The Poloniex team has frozen some assets related to the hacker's address and will gradually resume Poloniex deposits and withdrawals in the next few days; the DeFi platform Raft was attacked by $3.3 million, and the hackers also suffered losses
![[Comparative Weekly Review] Bloomberg Analyst: Multiple spot Bitcoin ETFs may be approved during the 8-day window starting November 9; Sun Yuchen: The Poloniex team has frozen some assets related to the hacker's address and will gradually resume Poloniex deposits and withdrawals in the next few days; the DeFi platform Raft was attacked by $3.3 million, and the hackers also suffered losses](https://www.bitpush.news/wp-content/uploads/2019/03/15509417815768901-200x140.png)
Here's a recap of the week's top news stories:
[Bloomberg: stablecoin issuerCircle[Consider an IPO in 2024]
Comparing news, according to Bloomberg, people familiar with the matter revealed that stablecoin issuer Circle is considering an IPO in 2024. People familiar with the matter said the company is in discussions with advisors to prepare for a potential initial public offering. The review is ongoing, and it is uncertain whether Circle will decide to continue listing.
Circle abandoned a merger and listing deal with Concord Acquisition Corp. last year, valued at $9 billion. Concord Acquisition Corp. is a blank check company led by Bob Diamond, the former CEO of Barclays Plc (Barclays Plc).
据AxiosData, Circle has obtained fromGoldman SachsGroup,General CatalystPartners,BlackRockFunds were raised from investors such as Fidelity Management, etc., and the company was valued at 7.7 billion US dollars in the 2022 round of financing.
【Robinhood schemesExpanding crypto trading services to the European Union and starting brokerage business in the UK]
Comparing news, trading platform Robinhood (HOOD) plans to launch EU cryptocurrency trading and UK brokerage business in the next few weeks. “With an experienced team, we will soon launch our brokerage business in the UK,” Robinhood said in its third-quarter earnings report on Tuesday. The company added: “As another step in global expansion, we are also planning to launch cryptocurrency trading in the European Union after the launch of cryptocurrency trading in the UK.”
The move comes at a time when new promotional rules require cryptocurrency companies to provide clear risk labels and implement system changes, which came into effect on October 8, and some cryptocurrency companies have suspended services to UK customers.
[People familiar with the matter: SEC has begun negotiations with Grayscale on the details of converting GBTC to a spot Bitcoin ETF】
Comparative news, according toCoindeskAccording to reports, a source familiar with the matter revealed that the US Securities and Exchange Commission (SEC) has begun negotiations with Grayscale Investments (Grayscale Investments) on the details of the company's application to convert its trust product GBTC into a spot Bitcoin exchange traded product (ETF), which may have a significant impact on the crypto industry.
The person, who asked not to be named, said Grayscale has been in touch with the SEC's trading markets department and the CorporationFinance department since winning the court lawsuit. Both departments will play a role in formulating and approving the company's ETF application, and the negotiations remain confidential.
[Bloomberg Analyst: Multiple stocks during the 8-day window starting November 9BitcoinETF may be approved]
Comparative News, Bloomberg AnalystJames Seyffartand Eric Balchunas wrote that during the 8-day window period starting November 9, the US Securities and Exchange Commission (SEC) May approve all 12 US spot Bitcoin ETF applications, includingGrayscaleoftheGBTCThe approval window will be open until November 17.
Seyffart and Balchunas added that even without approval this month, “we still believe there is a 90% chance of getting approved on January 10th.”
Comparing previous reports, the SEC has also targeted BlackRock,Bitwise、VanEck、WisdomTree、Invesco, Fidelity, andValkyrieA delay order was issued.
[NASDAQ isBlackRockProposed iShares Ethereum Trust ETF submits 19b-4 file]
According to the 19b-4 filing submitted on Thursday afternoon New York time, BlackRock (BlackRock), the world's largest asset management company, has confirmed plans to launch an existing Ethereum ETF.
Just hours after BlackRock submitted an application for a registered entity in Delaware, Nasdaq submitted an application for the proposed ETF (called iShares Ethereum Trust). The asset manager has shown increasing interest in cryptocurrencies over the past few months and is currently awaitingSECAs far as it is in stockBitcoinAn ETF application makes a decision.
“The investment goal of this trust fund is to reflect the overall performance of the price of Ethereum,” Nasdaq said in the document.
【Sun Yuchen: The Poloniex team has frozen some assets related to the hacker address, and Poloniex deposits and withdrawals will gradually resume in the next few days]
Comparing the news, Sun Yuchen posted an article on the X platform saying that the Poloniex team has successfully identified and frozen some assets related to the hacker's address. Currently, losses are manageable, and Poloniex's operating income can make up for these losses. Furthermore, the team has restored Poloniex's system and saved relevant evidence. Over the next few days, we will work to gradually resume Poloniex deposits and withdrawals to ensure 100% safety.
【DeFiThe platform Raft was attacked for $3.3 million, and the hacker also suffered losses]
Comparing news, decentralized finance (DeFi) platform Raft lost about 3.3 million dollars of ETH after being hacked on Friday afternoon EST, but the attackers may have suffered losses in this attack.
On-chain data shows that the attackers used up 1,577 ETH from Raft and then sent 1,570 ETH to the destruction address — destroying most of the stolen assets, leaving only 7 ETH for themselves.ArkhamBlockchain data shows that the hacker address passed through a cryptocurrency hybrid service before the attackTornado Cash18 ETH was received, possibly to fund the transaction. After performing the transfer and paying the blockchain fee, the attackers' crypto wallet was left with only 14 ETH, less than the original 18 ETH, which meant that the hacker lost 4 ETH throughout the operation.
Raft is a lending platform issued byLidoR stablecoins supported by liquid stETH and other liquid staking Ether derivatives. According to Coinmarketcap data, Raft's stablecoin R, which is linked to the US dollar, briefly fell 50%, but then rebounded to around 70 cents.
Author: BitPushNews Katie Lin
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