[Weekly Web3 News Picks] Ark Invest is once again selling 77,561 Coinbase shares; J.P. Morgan Analyst: The probability that an Ethereum spot ETF will be approved in May is still less than 50%; Uniswap has received a notice from the US SEC Wells and may be prosecuted; US Deputy Secretary of the Treasury: More and more malicious actors use virtual currency to evade economic sanctions; the probability that the Federal Reserve will keep interest rates unchanged in May is 100%

【Ark InvestAnother sale of 77,561 Coinbase shares]

According to TheBlock, Cathie Wood's Ark Invest sold another 77,561 Coinbase shares worth $20.4 million on Thursday, while also investing in OpenAI for the first time — byWorldcoinAn artificial intelligence company led by co-founder Sam Altman.

According to the latest disclosure, Coinbase is the second-largest shareholding in ARKK ETF, with a weight of 9.7%, behind Tesla's 9.8%. Coinbase is also ARKW's second-largest holding, with a weight of 9.9%, after Ark Spot Bitcoin ETF (ARKB), which accounts for 10.2% of the fund.

[Layer 1 blockchain developerBerachain[Completed Series B financing of US$100 million]

According to Bloomberg, Layer 1 blockchain developer Berachain recently received $100 million in financing, which is about 45% higher than previously reported.

According to reports, this is a blockchain platform founded by an anonymous founder using the bear theme nickname. According to a statement, Brevan Howard Digital's Abu Dhabi branch and Framework Ventures co-led Series B financing. Other participants include Polychain Capital, Hack VC, and Tribe Capital.

Investors are backing Berachain through “SAFT” or a simple agreement for future tokens.

【BlackRockAdvertise a spot Bitcoin ETF on the Bloomberg website]

According to Twitter, according to the official website, BlackRock advertised its spot Bitcoin ETF on the Bloomberg website homepage.

BlackRock's IBIT has been a huge success since it was approved by the US Securities and Exchange Commission (SEC) in January. After just three months of trading, the ETF managed more than 263,000 bitcoins worth over $18 billion.

【Sam Bankman-FriedAppeal against the 25-year sentence for fraudulent schemes]

According to Forbes, FTX founder Sam Bankman-Fried (SBF) appealed his 25-year prison sentence and fraud conviction on Thursday. It is reported that the SBF appeal cost $605, may take several years, and the court must be convinced that US District Judge Lewis Kaplan made a mistake in the judgment, denying SBF's legal rights.

Comparing previous reports, SBF was found guilty and convicted on seven counts of fraud on March 28, and it is currently unclear how SBF's lawyers will defend him.

[J.P. Morgan Analyst: Ethereum Spot ETF is still less than 50% likely to be approved in May]

Comparing news, J.P. Morgan Chase (JPM) analysts said in a research report on Thursday that recently the US Securities and Exchange Commission (SEC) is investigating companies linked to the Ethereum Foundation, and there is no more than 50% chance that a spot Ethereum (ETH) exchange-traded fund (ETF) will be approved in May. Analysts led by Nikolaos Panigirtzoglou wrote: “If the Ethereum Spot ETF is not approved in May, then we think there will be lawsuits against the SEC after May.”

J.P. Morgan said the most likely outcome is that the SEC will eventually lose the lawsuit, similar to what happened in the Grayscale and Ripple cases, where a spot Ethereum ETF will eventually be approved.

【Uniswap[Notice received from US SEC Wells, may be prosecuted]

Comparatively, the US Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs (the organization that developed the DeFi protocol of the same name) on Wednesday, an official notice of a potential lawsuit.

Uniswap founder Hayden Adams said in response at X: “For some time, it was clear that the SEC decided to focus on attacking long-standing excellent players like Uniswap and Coinbase rather than working to establish clear, informed rules. I'm not surprised, just annoyed, disappointed, and ready to confront (accusations).”

[US President Joe Biden: Interest rate cuts may be delayed for one month; interest rate cuts will occur before the end of the year]

Comparative news. According to Kim Ju's report, US President Joe Biden said in a speech today that he supports interest rate cuts. The inflation issue may delay interest rate cuts. Interest rate cuts may be delayed by one month, and interest rate cuts will occur before the end of the year.

[US Deputy Secretary of the Treasury: More and More Malicious Actors Use Virtual Currency to Evade Economic Sanctions]

Comparing news, US Deputy Secretary of the Treasury Wally Adeyemo claimed in testimony to the Senate Committee on Banking, Housing, and Urban Affairs that he was concerned about how terrorist groups and other malicious actors are using cryptocurrencies to evade sanctions. While the US has had some success in eradicating illegal finance in the digital asset ecosystem, more and more terrorists, multinational criminals are turning to digital assets. According to a BSA report, the Treasury Department's Financial Crimes Enforcement Network found that more than $1 billion in ransomware payments in 2023 were made entirely using cryptocurrencies. This has an impact not only on America's national security, but also on the economy.

Wally Adeyemo said there is a need for a monitoring and enforcement system that can prevent such activities. That is why the Ministry of Finance submitted proposals to the Committee to strengthen the anti-terrorist financing authority and stated that it looks forward to cooperating with the Committee.

【RippleCEO: Cryptocurrency market capitalization will double to $5 trillion by the end of the year]

In comparison, Ripple CEO Brad Garlinghouse said in an interview with CNBC that, driven by US regulators approving spot Bitcoin ETFs in January of this year and the halving of mining rewards later this month, the cryptocurrency market value could almost double to $5 trillion by the end of this year.

He said, “I am very optimistic. Macro trends, such as the big situation like ETFs, are driving the market development. For the first time, the crypto industry has seen real institutional capital. You have seen market demand being driven and increased, but at the same time supply is declining.”

The cryptocurrency market is currently worth around $2.68 trillion. Bitcoin has risen 63% since the beginning of the year and recently reached an all-time high above $73,000.

[The probability that the Federal Reserve will keep interest rates unchanged in May is 100%]

Comparative news, according to CME's “Federal Reserve Watch”, the probability that the Federal Reserve will keep interest rates unchanged in May is 100%. The probability that the Federal Reserve will keep interest rates unchanged until June is 48.7%. The probability of cutting interest rates by 25 basis points is 51.3%, and the probability of cutting interest rates by 50 basis points is 0%.

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