yijunzhong007@outlook.com

yijunzhong007@outlook.com

Bitpush Column · 11 articles

[Weekend Key News Review] US Congressman French Hill: If stablecoin legislation is combined with the Cannabis Banking Act, they will vote for the bill; KPMG: Self-custodian investors can hold virtual assets through Hong Kong ETFs without prior conversion to fiat currency; Hong Kong Exchange: Accepts Bosch HashKey, Huaxia, Harvest Bitcoin and Ether ETFs as securities eligible for multiple counters in the central settlement system

BiTweet Weekend Key News Review: [US Representative French Hill: If the stablecoin legislation is combined with the Cannabis Banking Act, I will vote for the bill] According to Bloomberg, US crypto-friendly Congressman French Hill said that if stablecoin legislation is combined with the Cannabis Banking Act, he will vote for the bill. Hill said, “I've been supporting the SAFE Banking Act in Congress for nine years, which would allow marijuana dealers to gain access to the banking system in states where marijuana is legal. I think if these companies participate in the banking system, it will be easier to catch bad people and illegal activities.” He also mentioned that work on the bipartisan payment stablecoin bill is nearing completion. [KPMG: Self-custodial institutional investors can hold virtual assets through Hong Kong ETFs without prior exchange for fiat] Comparative news, according to Economic Communications, KPMG's Hong Kong Risk Advisory Director Jansburg said that compared to other regions, virtual asset spot ETFs issued in Hong Kong, China have many advantages, including guarantees provided by the Securities Regulatory Commission for investors and more diversified redemption methods. For investors, physical redemption and subscription options are particularly attractive. Institutional investors that self-manage virtual assets can consider holding the relevant assets through ETFs without prior conversion to fiat currency. He believes that Hong Kong is now ready for spot Bitcoin and Ethereum ETFs. Hong Kong's requirements for issuing such ETFs are very strict, including a detailed review of the applicant issuer's internal management and business capacity to ensure that it complies with relevant regulations and provides sufficient protection for investors. Under the active impetus of the government, Hong Kong's regulatory environment has been continuously improved to provide a more stable investment environment for global virtual asset investors. The continued development of the virtual asset industry will help Hong Kong attract a new round of investors and institutions seeking new investment opportunities. [Hong Kong Stock Exchange: Accepting Bosch HashKey, Huaxia, Harvest Bitcoin and Ether ETFs are eligible securities for the Central Clearing System] In comparison, the Hong Kong Stock Exchange issued three notices announcing the acceptance of Bosch HashKey Bitcoin ETF shares and Bosch HashKey Ether ETF shares, Huaxia Bitcoin ETF shares and Huaxia Ether ETF shares, Harvest Bitcoin Spot ETF shares, and Harvest Ether Spot ETF shares are eligible securities for multiple counters in the Central Clearing System. [Taiwan Prosecution Proposes Sentencing the 4 Main Suspects in the ACE Exchange Fraud Case to 20 Years in Prison] According to Cointelegraph, Taiwan's Taipei District Public Prosecutor's Office has filed lawsuits against 32 people suspected of participating in the cryptocurrency exchange platform ACE Exchange fraud case on charges including fraud and money laundering. The prosecution recommended that the four main suspects be sentenced to at least 20 years in prison. According to reports, the suspects indicted include ACE Exchange founder Pan Yizhang, his business partner Lin Genghong, and famous lawyer Wang Chenhuan, who is the chairman of the exchange. The prosecution estimated that more than 1,200 people were defrauded in this fraud case, with a total loss of approximately NT$800 million (US$24.56 million). Twitter: https://twitter.com/BitpushNewsCN比推 TG Exchange Group: https://t.me/BitPushCommunity TG Subscriptions: Compare Btok Subscriptions: This article is from Twitter, please indicate the source when reprinting the article... https://t.me/bitpush https://btok360.com/bitpush

845d agoyijunzhong007@outlook.comComparing the weekend's top news
[Weekend Key News Review] US Congressman French Hill: If stablecoin legislation is combined with the Cannabis Banking Act, they will vote for the bill; KPMG: Self-custodian investors can hold virtual assets through Hong Kong ETFs without prior conversion to fiat currency; Hong Kong Exchange: Accepts Bosch HashKey, Huaxia, Harvest Bitcoin and Ether ETFs as securities eligible for multiple counters in the central settlement system

[Weekly Web3 News Picks] Chicago Options Exchange plans to integrate digital asset business into its global derivatives and settlement business; SEC issues Wells notice to Consensys about MetaMask, and Consensys files a lawsuit against SEC; BlackRock IBIT accounts for 24% of the company's total global ETF traffic; SEC delays decision on Franklin Templeton and Grayscale's proposed spot Ethereum ETF proposals; BlackRock Chief Investment Officer: The Federal Reserve can still proceed this year Interest rate cut twice

[Chicago Options Exchange plans to integrate the digital asset business into its global derivatives and settlement business] According to Financefeeds, the Chicago Options Exchange (Cboe) announced that it will restructure its digital asset business in the third quarter of 2024. This is a decision made after a strategic review to take into account regulatory uncertainty in the digital sector. The company plans to fully transition and integrate its digital asset derivatives currently provided by Cboe's digital division into its existing global derivatives and settlement business. Additionally, Cboe will cease operating the Cboe digital spot market, the company's spot digital asset trading platform, in the third quarter of 2024. [Crypto bank Custodia Bank files an appeal against its Federal Reserve membership loss] According to Twitter, the Wyoming-based cryptocurrency bank Custodia Bank has filed an appeal notice against a previous court ruling, which supports the Federal Reserve's rejection of its main account and membership application. A federal judge ruled last month that the Kansas City Federal Reserve has the right to decline Custodia's membership application, and the main account would allow Custodia direct access to the Federal Reserve without the need for an intermediary bank. Custodia is governed by Wyoming law. It is a special purpose depository institution, a bank that accepts deposits and can carry out activities such as escrow. [US SEC Postpones Decision on Listing and Trading of Spot Bitcoin ETF Options and Seeks Public Comments] In comparison, the US Securities and Exchange Commission has once again postponed a series of proposals to allow spot Bitcoin exchange-traded fund options and is seeking public comments. Several exchanges have previously applied to allow options trading on newly approved spot Bitcoin ETFs, including Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities Exchange LLC, Nasdaq ISE, LLC, and NYSE American LLC, all of which were delayed in Thursday's filing. The SEC said comments will be submitted within the next 21 days, and rebuttal comments will be submitted within 35 days. The agency raised questions such as whether spot Bitcoin ETF options should follow the same rules as stocks. [Consensys files lawsuit against SEC to defend the Ethereum ecosystem] According to an official announcement, blockchain and web3 software technology company Consensys filed a lawsuit against the US Securities and Exchange Commission (SEC) today to defend the Ethereum ecosystem. The complaint highlights how the SEC is trying to illegally regulate Ethereum through special enforcement actions against Consensys and other agencies. This is the latest example of the SEC's aggressive and illegal overstepping of authority. The lawsuit says that if allowed to expand its regulatory powers, the US SEC will effectively destroy the value of hundreds of millions of Ethereum holders and cause the US to stop using the Ethereum blockchain, thereby weakening the technological development of the Internet. The lawsuit seeks court confirmation that the SEC has no legal authority to regulate Ethereum, user-controlled software interfaces built on Ethereum, or the Ethereum blockchain. A lawsuit against Gary Gensler and others has been filed with the U.S. District Court for the Northern District of Texas. [BlackRock IBIT accounts for 24% of the company's global ETF traffic] In comparison, Bloomberg's senior ETF analyst Eric Balchunas said that BlackRock's spot Bitcoin ETF (IBIT) was “excellent.” He said, “I know they are very interested in this IBIT, which accounts for 24% of the company's total flow of 1,000 ETFs worldwide. You know it even got Larry Fink's attention.” BlackRock's spot Bitcoin ETF attracted over 70 consecutive days of capital inflows after beginning trading in January, making it one of the most successful ETFs in history. [The EU Anti-Money Laundering Act passed the final vote, which will strengthen due diligence measures and customer identity checks] According to The Block, the European Parliament voted to pass a series of laws on Wednesday, some of which aim to strengthen “due diligence measures and customer identity checks,” including so-called crypto asset managers. They must also...

846d agoyijunzhong007@outlook.comWeekly review of the comparison
[Weekly Web3 News Picks] Chicago Options Exchange plans to integrate digital asset business into its global derivatives and settlement business; SEC issues Wells notice to Consensys about MetaMask, and Consensys files a lawsuit against SEC; BlackRock IBIT accounts for 24% of the company's total global ETF traffic; SEC delays decision on Franklin Templeton and Grayscale's proposed spot Ethereum ETF proposals; BlackRock Chief Investment Officer: The Federal Reserve can still proceed this year Interest rate cut twice

[Weekend Key News Review] Arkham: 7 major listed crypto mining companies hold a total of 2.79 billion US dollars worth of Bitcoin; Tether CEO: Tether's tokenization platform will soon be open to everyone; CME: The probability that the Federal Reserve will keep interest rates unchanged in May is 94.1%

A review of the key news of the weekend: [Arkham: 7 major listed crypto mining companies hold a total of 2.79 billion US dollars worth of bitcoins] On the X platform, Arkham announced that it had integrated the data of 7 leading US/Canadian listed mining companies, with a total market value of 12.71 billion US dollars. These mining companies hold a total of 2.79 billion US dollars worth of bitcoins in 782 separate wallets, including: Marathon Digital Holdings (MARA): Market capitalization: $4.31 billion, BTC holdings: $1.13 billion; CleanSpark (CLSK): Market Capitalization: $33.5 billion, BTC holdings: $195.8 billion; Riot Platforms (RIOT): Market Capitalization: $2.31 billion, BTC holdings: $583.8 million; Cipher Mining (CIFR): Market Capitalization: $1.13 billion, BTC Positions: $608.8 million; Bitfarms (BITF): Market Capitalization: $630,000; BTC Holdings: $28.1 million; HIVE Digital Technologies (HIVE): Market Capitalization: $260 Million, BTC Positions: $156 Million. [Tether CEO: The tokenization platform will soon be open to everyone] On Twitter, Tether CEO Paolo Ardoino announced on the X platform that Tether's tokenization platform will soon be open to everyone. It is reported that the platform is network-wide unmanaged, supports multiple chains and multiple asset types, and has highly personalized options. [Expected 7 days until Bitcoin's current halving] According to BTC.com, according to BTC.com, it is currently estimated that there are still about 7 days until Bitcoin's fourth halving, with 1,044 blocks remaining. The estimated halving period is April 20, 2024. [CME: The probability that the Fed will keep interest rates unchanged in May is 94.1%] In comparison, the CME “Federal Reserve Watch” data shows that the probability that the Fed will keep interest rates unchanged in May is 94.1%, and the probability of cutting interest rates by 25 basis points is 5.9%. [Bitcoin fell below $63,000, down 5.96% in 24 hours] According to OKX market data, Bitcoin fell below $63,000 and is currently quoted at $62,748.10, down 5.84% in 24 hours. [Wintermute has accumulated 1.08 million YGG deposits to Kraken] According to on-chain analyst @ai_9684xtpa monitoring, in the past hour, Wintermute has accumulated 1.08 million YGG deposits to Kraken, with a total value of US$12.37 million, with an average recharge price of $1.02 million. YGG was originally the fifth most held asset on the Wintermute chain. It has fallen 18% in the past 24 hours and is currently priced at $1.02. [GameCene completes $1.4 million seed round financing] According to Coinwire reports, the Web3 game distribution platform GameCene announced that it has completed a $1.4 million seed round. Investor information has not yet been disclosed. Its platform mainly helps developers build and distribute blockchain games by building a full-chain game software development kit (SDK). Twitter: https://twitter.com/BitpushNewsCN Compare TG Community: https://t.me/BitPushCommunity Compare TG Subscriptions: Compare Btok Subscriptions:... https://t.me/bitpush https://btok360.com/bitpush本文来自比推，文章转载需注明出处

859d agoyijunzhong007@outlook.comComparative weekend review
[Weekend Key News Review] Arkham: 7 major listed crypto mining companies hold a total of 2.79 billion US dollars worth of Bitcoin; Tether CEO: Tether's tokenization platform will soon be open to everyone; CME: The probability that the Federal Reserve will keep interest rates unchanged in May is 94.1%

[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 Invest sells 77,561 Coinbase shares again] According to TheBlock, Cathie Wood's Ark Invest sold 77,561 Coinbase shares worth $20.4 million on Thursday, while also investing for the first time in OpenAI — an artificial intelligence company led by Worldcoin 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 developer Berachain completes Series B financing of $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. [BlackRock advertises a spot Bitcoin ETF on the Bloomberg website] 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-Fried appeals against a 25-year sentence for a fraudulent scheme] 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 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: There is still no more than 50% chance that an Ethereum spot ETF will be approved in May] Comparing news, JPMorgan 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 spot Ethereum (ETH) exchange-traded funds (ETFs) 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 received notice from US SEC Wells and may be sued] In comparison, the US Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs (the organization developed the DeFi protocol of the same name) on Wednesday, which is an official notice of potential lawsuits. 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 fight back (...

860d agoyijunzhong007@outlook.comWeekly review of the comparison
[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%

Bitcoin is under pressure and falls below $65,000 in the short term

In comparison, according to OKX market information, Bitcoin fell below $65,000 and is currently quoted at $64,955.70, down 7.23% in 24 hours. Additionally, the US crypto sector declined, MicroStrategy fell 8.7%, Coinbase fell 5.8%, and Robinhood fell more than 6%. According to the latest analysis of QCP's macro notes, the market has begun to lower the number of times the Federal Reserve will cut interest rates in 2024, and the current forecast has dropped from 3 to 2.75. As a result, the dollar and US Treasury yields are higher, stock market trading is weak, and Bitcoin is under pressure. Reasons include: First, Powell and Waller both said that the Federal Reserve “doesn't need to rush to cut interest rates”; second, the manufacturing purchasing managers' index (PMI) is above 50, indicating economic expansion, so there is no need to cut interest rates; third, energy prices are rising, US gasoline prices are close to summer highs in 2023, and interest rate cuts may pose risks.

872d agoyijunzhong007@outlook.comBitcoinFederal Reserve
Bitcoin is under pressure and falls below $65,000 in the short term

[Weekend Key News Review] 10x Research: Bitcoin may be adjusted to $63,000; the US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion; Grayscale has submitted a revised Ethereum Trust Form 19b-4 to the US SEC

[10x Research: Bitcoin may be adjusted to $63,000] In comparison, 10x Research released the latest report (author Markus Thielen), saying that the prospects for Ethereum ETF approval seem less optimistic; recent inflation data from Europe and the US have been released, and the reluctance of central bank officials to promise interest rate cuts further dampened market sentiment, leading to Bitcoin sell-offs during the Asian trading period. Given these factors, Bitcoin could drop to 63,000 as a potential target and then resume the uptrend. Furthermore, altcoins closely linked to Ethereum's rise may have reached a short-term top, and tokens like SHIB have seen significant volume surges. [The US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion] In a sentencing memorandum submitted on Friday, US Department of Justice prosecutors urged the judge to sentence FTX founder Sam Bankman-Fried (SBF) to 40-50 years in prison for fraud. The Justice Department's Southern District Office of New York wrote that SBF “lied to investors,” shared false documents, and “injected millions of dollars into our political system in illegal donations,” adding that a prison term of 40 to 50 years was “necessary,” while recommending judgement and seizure of more than $11 billion. SBF was found guilty of seven different counts of fraud and conspiracy after a month-long trial relating to the operation and collapse of the two companies he founded, FTX and Alameda Research, and he is scheduled to be sentenced on March 28. [Grayscale has submitted the Ethereum Trust Revised Form 19b-4 to the US SEC] In comparison, Grayscale's Chief Legal Officer Craig Salm posted an article on the X platform stating that Grayscale has submitted the revised Form 19b-4 of the Ethereum Trust (ETHE) to the US SEC, which is an important step in listing ETHE on NYSE Arca. [Nigeria's SEC plans to raise crypto exchange registration fees to $93,000] According to Cointelegraph, the Nigerian SEC plans to increase the registration fee for crypto exchanges from $18,620 to $93,000, including filing fees and application fees. Twitter: https://twitter.com/BitpushNewsCN Compare TG Exchange Group: https://t.me/BitPushCommunity Compare TG Subscriptions: Compare Btok Subscribe: This article is from Twitter, please indicate the source when reprinting the article... https://t.me/bitpush https://btok360.com/bitpush

887d agoyijunzhong007@outlook.comComparative weekend review
[Weekend Key News Review] 10x Research: Bitcoin may be adjusted to $63,000; the US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion; Grayscale has submitted a revised Ethereum Trust Form 19b-4 to the US SEC

[Weekly Web3 News Picks] The US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion; J.P. Morgan: Retail investors and institutions have been buying gold and Bitcoin futures to drive the rise in the crypto market; JMP Securities: Spot Bitcoin ETFs may have inflows of 220 billion US dollars in the next three years, and BTC may reach 280,000 US dollars; US judge requires Zhao Changpeng to entrust all passports to a third party

[The US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion] In a sentencing memorandum submitted on Friday, US Department of Justice prosecutors urged the judge to sentence FTX founder Sam Bankman-Fried (SBF) to 40-50 years in prison for fraud. The Justice Department's Southern District Office of New York wrote that SBF “lied to investors,” shared false documents, and “injected millions of dollars into our political system in illegal donations,” adding that a prison term of 40 to 50 years was “necessary,” while recommending judgement and seizure of more than $11 billion. SBF was found guilty of seven different counts of fraud and conspiracy after a month-long trial relating to the operation and collapse of the two companies he founded, FTX and Alameda Research, and he is scheduled to be sentenced on March 28. [The prediction platform PolyMarket shows that the probability of an Ethereum spot ETF being approved dropped to 28% at the end of May] In comparison, Polymarket's prediction market currently estimates that by the end of May, there is a 28% chance that a spot Ether ETF will be approved. On January 10, the market showed a 74% chance that a spot Bitcoin ETF would be approved. Earlier this month, the SEC delayed a decision on BlackRock and Fidelity's Ethereum ETF applications. Earlier this week, Bloomberg senior ETF analyst Eric Balchunas lowered expectations for approval of an Ethereum spot ETF from 70% in January to 30%. [J.P. Morgan: Retail investors and institutions have been buying gold and Bitcoin futures, driving the rise in the crypto market] In comparison, J.P. Morgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Thursday that since February, investors who bought gold and bitcoin futures “contributed to the recent rise in cryptocurrencies, not because investors have switched from gold to bitcoin. Instead, retail and institutional investors have been buying gold and bitcoin futures, leading to price increases, analysts said. “In addition to retail investors, speculative institutional investors such as hedge funds, including momentum traders such as CTAs (commodity trading advisors), seem to have been driving gains by buying gold and bitcoin futures since February, and probably even more than retail investors.” [Fox Reporter: Custodia Bank's lawsuit against the Federal Reserve is the next major crypto lawsuit worth watching] In comparison, Fox reporter Eleanor Terrett said on the X platform that the lawsuit between Custodia Bank and the Federal Reserve is the next major crypto case worth watching. Terrett said that if Custodia Bank wins the lawsuit against the Federal Reserve, it will mark a key point for the entire cryptocurrency industry. “If Custodia wins, then congressional credit to the US Central Bank (that is, all banks have equal access to the Federal Reserve's main account payment system on a non-discriminatory basis) may be restored, and state-chartered banks and crypto-friendly banks will once again be on equal footing with mainstream players,” she said. [JMP Securities: Spot Bitcoin ETFs may have inflows of $220 billion in the next three years, and BTC may reach $280,000] In comparison, broker JMP Securities said in a research report on Wednesday that spot Bitcoin ETFs may experience inflows of $220 billion within the next three years, which means that when applying multipliers to new capital, the price of BTC may quadruple to $280,000. Analysts led by Devin Ryan wrote, “If we are on the right track for ETF net inflows to reach the $220 billion level and apply our current estimate of the new capital multiplier of about 25 times, this alone could drive a $5.5 trillion increase in Bitcoin's market value, or $280,000 per bitcoin.” Cryptocurrency exchange Coinbase (COIN) is still in a good position if their inflow predictions prove correct, JMP analysts say. According to Factset data, the brokerage raised its target price for the stock from $220 to $300, the highest among Wall Street analysts while maintaining its market-outperforming market rating...

888d agoyijunzhong007@outlook.comWeekly review of the comparison
[Weekly Web3 News Picks] The US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion; J.P. Morgan: Retail investors and institutions have been buying gold and Bitcoin futures to drive the rise in the crypto market; JMP Securities: Spot Bitcoin ETFs may have inflows of 220 billion US dollars in the next three years, and BTC may reach 280,000 US dollars; US judge requires Zhao Changpeng to entrust all passports to a third party

[Weekly Web3 News Picks] Binance's plea agreement to pay a $4.3 billion fine was approved by a US judge; Reddit submits an IPO application disclosing Bitcoin and Ethereum holdings; Valkyrie CIO: Spot Ethereum ETFs are expected to be approved within the next year or two; the UK government plans to introduce laws on stablecoins and crypto staking within 6 months

Here is a weekly selection of Web3 news: [Binance's plea agreement to pay a $4.3 billion fine approved by a US judge] In comparison, Bloomberg reported that Binance's plea agreement to pay a $4.3 billion fine was approved by a US judge, and Binance admits money laundering and violation of sanctions. As part of the deal, the company's compliance must be monitored by an independent company for up to five years, and an independent supervisory authority has not been appointed. At the end of last year, Binance and its founder, Changpeng Zhao, admitted anti-money laundering and sanctions charges. Zhao's sentence was delayed until April, and he is expected to be jailed for no more than 18 months. As part of the plea agreement, he stepped down as Binance CEO and agreed to pay a $50 million fine. [Carson Group, a RIA platform worth $30 billion, approved to provide customers with a spot Bitcoin ETF] According to Bloomberg, the $30 billion registered investment advisor (RIA) platform Carson Group has approved four types of spot Bitcoin exchange-traded funds (ETFs) to its customers, namely BlackRock's iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and Franklin Bitcoin ETF. Grant Engelbart, the company's vice president and investment strategist, said Carson prioritized “significant asset growth” and trading volume when choosing IBIT and FBTC. Meanwhile, the $1.2 billion Bitwise Bitcoin ETF and the $100 million Franklin Bitcoin ETF (which will eventually charge 0.2% and 0.19% fees, respectively) are among the cheapest products in the space. [Reddit submits an IPO application and discloses holdings of Bitcoin and Ethereum] According to Twitter, an open regulatory document shows that the US social media platform Reddit disclosed in the IPO application that some of its excess cash was invested in Bitcoin and Ethereum. It also stated that it purchased Ethereum and Polygon (MATIC) “as a form of payment for the sale of certain virtual goods.” “We hold cryptocurrencies and experiment with blockchain technology, which may expose us to exchange rate risks and additional tax, legal, and regulatory requirements,” the document said. According to reports, the San Francisco-based company is expected to start trading in March. [Valkyrie CIO: Spot Ethereum ETFs are expected to be approved within the next year or two] According to The Block, Valkyrie Chief Investment Officer Steven McClurg said in an interview that the spot Ethereum ETF will not be approved soon, but it may be approved for launch within the next year or two. McClurg said, “We have done a lot of work to get regulators, the US SEC, and issuers to launch cash bitcoins. And it's a new asset class, so there's a lot to learn.” He added that there are many differences between Bitcoin and Ethereum, so it will take the SEC a lot of time to understand the disclosure of such products, which could take a year. Additionally, some Ethereum spot ETF applications include staking clauses, which may increase complexity. [US Judge Approves FTX's Plan to Sell $1 Billion Shares in Artificial Intelligence Startup Anthropic] In comparison, US Delaware Bankruptcy Court Judge John Dorsey approved FTX's motion to start a process to sell shares of AI startup Anthropic after hearing creditors' opinions on whether to approve the sale. FTX holds 8% of Anthropic's shares, which could cost more than $1 billion, according to Anthropic's latest valuation. Earlier this month, FTX applied to sell nearly 8% of its shares in Anthropic, and the company's jailed former CEO Sam Bankman-Fried invested $500 million in Anthropic in 2021. [Terra founder Do Kwon will be extradited to the US] According to Twitter account Protos, Montenegro's Podgorica High Court has approved the extradition of Terra founder Do Kwon to the US. [Source: US Senate Banking Committee Is Not Ready to Accelerate Crypto Money Laundering Legislation] In comparison, according to Coindesk, according to people familiar with the Commission's plans, the US Senate...

909d agoyijunzhong007@outlook.comWeekly review of the comparison
[Weekly Web3 News Picks] Binance's plea agreement to pay a $4.3 billion fine was approved by a US judge; Reddit submits an IPO application disclosing Bitcoin and Ethereum holdings; Valkyrie CIO: Spot Ethereum ETFs are expected to be approved within the next year or two; the UK government plans to introduce laws on stablecoins and crypto staking within 6 months

[Weekly Comparative Review] Since the adoption of the spot Bitcoin ETF, Grayscale has transferred BTC worth 5.5 billion US dollars to Coinbase; BlackRock's spot Bitcoin ETF's daily trading volume surpassed GBTC for the first time; the Federal Reserve kept interest rates unchanged, Powell said it was “unlikely” to cut interest rates at the March meeting; Google allowed the promotion of advertisements related to Bitcoin and cryptocurrency trust products

[Since the adoption of the spot Bitcoin ETF, Grayscale has transferred $5.5 billion worth of BTC to Coinbase] In comparison, Lookonchain monitoring data showed that 2 hours ago, Grayscale (Grayscale) once again deposited 1,769 BTC (75.47 million US dollars) into Coinbase Prime. Since the adoption of the spot Bitcoin ETF, Grayscale has transferred 133,339 BTC worth $5.5 billion. [FTX plans to sell its $175 million Genesis claims to repay creditors] In comparison, according to official sources, the bankrupt cryptocurrency exchange FTX intends to sell its $175 million Genesis general unsecured claims. FTX proposes to trade all or part of the claim with single or multiple buyers through public auctions or private transactions, and the funds raised will be used to facilitate debt repayment and adjust its financial obligations to creditors. [As of the close of the US stock market, BlackRock's Spot Bitcoin ETF's daily trading volume surpassed GBTC for the first time] According to Bloomberg Intelligence data, as of the close of the US stock market on February 1, the daily trading volume of BlackRock's Spot Bitcoin ETF (IBIT) surpassed GBTC for the first time. IBIT was slightly above 300 million US dollars, and GBTC was about 290 million US dollars. Bloomberg analyst James Seyffart said, “There are still a few after-hours trades, but it looks like IBIT is the first ETF to surpass grayscale GBTC in a single day. Although today's total trading volume is $924 million, it's still a bit bad. This is the first time since its inception that this type of product has traded less than $1 billion in a single day.” [Genesis, a bankrupt crypto lender, reached a settlement with the SEC over the issuance of unregistered securities] According to Bloomberg, the bankrupt crypto lender Genesis Global Holdco LLC has reached an agreement with the US Securities and Exchange Commission (SEC) to settle a civil lawsuit accusing Genesis of violating securities rules through the now-terminated Gemini Earn program. Genesis agreed to pay $21 million in civil fines to the SEC to settle the lawsuit. But according to filing with the New York Bankruptcy Court on Wednesday, the company will only be required to pay fines if it is able to fully repay its customers and other creditors as required by Chapter 11 of the Bankruptcy Code. [Ripple co-created 213 million XRP, and the stolen funds have been laundered through multiple channels] In comparison, on-chain detective ZachXBT posted on social media that it detected that Ripple-related accounts had been stolen by hackers with 213 million XRP (about 112 million US dollars). The co-founder of Ripple later wrote that his personal account was stolen and not Ripple's official. The stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc. [Glassnode Report: Most long-term holders “stay firm” and are unwilling to sell BTC at the current price] In comparison, Glassnode released a market report saying that most long-term Bitcoin investors “remain firm” and are still unwilling to sell Bitcoin at the current price, and the vast majority of holders “seem to be calmly navigating the market wave.” Glassnode's last active Bitcoin supply indicator (which measures the proportion of Bitcoin's circulating supply held over a multi-year time period) shows that the vast majority of the BTC supply is still held. The report said, “Either they are waiting for the spot price to rise, or it may be that increased volatility is the driving force for spending.” [Google allows promotion of advertisements related to Bitcoin and cryptocurrency trust products] Comparing Twitter news, Google has updated advertising regulations to allow promotion of Bitcoin and crypto trust products. With the new policy update, BlackRock (BlackRock) and VanEck are now promoting their spot Bitcoin ETF products on Google search pages. Compare Twitter: https://twitter.com/BitpushNewsCN比推 TG Community: https://t.me/BitPushCommunity比推 TG Subscriptions:... https://t.me/bitpush本文来自比推

930d agoyijunzhong007@outlook.comWeekly review of the comparison
[Weekly Comparative Review] Since the adoption of the spot Bitcoin ETF, Grayscale has transferred BTC worth 5.5 billion US dollars to Coinbase; BlackRock's spot Bitcoin ETF's daily trading volume surpassed GBTC for the first time; the Federal Reserve kept interest rates unchanged, Powell said it was “unlikely” to cut interest rates at the March meeting; Google allowed the promotion of advertisements related to Bitcoin and cryptocurrency trust products

[Weekly Web3 News Picks] Eleven applicants, including BlackRock and Fidelity, submitted an updated 19b-4 form for the proposed spot Bitcoin ETF; sources: More than $2 billion is awaiting injection of BlackRock's spot ETF within one week of listing; Coinbase requires UK users to fill out risk confirmation forms to comply with FCA financial promotion regulations; Goldman Sachs is in negotiations to become authorized participants in BlackRock and Grayscale's spot Bitcoin ETF

[Eleven applicants, including BlackRock and Fidelity, submitted an updated 19b-4 form for the proposed spot Bitcoin ETF] In comparison, 11 companies including BlackRock, Grayscale Investments, Valkyrie, BlackRock, ARK 21Shares, Bitwise, and Invesco submitted updated 19b-4 forms for the proposed spot Bitcoin ETF. The issuer of the proposed fund still needs its registration statement called S-1 (S-3 for Grayscale Investments) to be effective in order to launch their products. [Source: Over $2 billion is awaiting injection of BlackRock's spot ETF within a week after listing] On Twitter, Matthew Sigel, head of digital asset research at Vaneck, said at today's Twitter Space event that he learned from a source that more than $2 billion is already waiting for BlackRock's spot Bitcoin ETF to flow in the first week after listing. These funds come from existing Bitcoin holders, and they are increasing their positions. “I can't guarantee that,” MatthewSigel said. But you know, that's what everyone does, calling and trying to find someone who can check for these products. If this $2 billion happened in the first week, that would be more than our estimate. Our first-quarter transaction volume was $2.5 billion, which was achieved by looking at past inflows into the first gold ETF and adjusting for the US money supply. According to a similar analysis, we have a market opportunity of $40 billion in two years”. [ARK/21Shares submits a securities registration application to the SEC for its spot Bitcoin ETF] According to a public document, ARK Invest/21shares has submitted a securities registration application for its spot Bitcoin ETF to the SEC, or Form 8-A. [VanEck submits a securities registration application for its spot Bitcoin ETF] In comparison, VanEck submitted a securities registration application for its spot Bitcoin ETF to the SEC. The 8-A12B form submitted by VanEck is also known as the Stock Exchange Listing Registration Form. This form is required under section 12 (b) of the Securities Exchange Act 1934. [Coinbase requires UK users to fill out a risk confirmation form to comply with FCA financial promotion regulations] According to The Block, Coinbase recently required UK users to fill out a risk confirmation form to comply with the financial promotion regulations of the UK Financial Conduct Authority (FCA), which will take effect on January 8. According to the new regulations, users are required to inform Coinbase about their investor type and complete a form confirming that they fully understand the high-risk nature of cryptocurrency investments. The move also prompted exchanges such as Coinbase and OKX to provide more risk alerts on the platform and cooperate with crypto exchanges such as Archax to obtain approval for financial promotion. [Source: Goldman Sachs is in talks to become an authorized participant in BlackRock and Grayscale's spot Bitcoin ETF] In comparison, according to a Coindesk report, according to two people familiar with the matter, Goldman Sachs may be hoping to play a key role in BlackRock and Grayscale's Bitcoin ETF launched in the US. The company is in negotiations to become an authorized participant (AP) in an exchange-traded fund. This is one of the trillion-dollar ETF industry's most important jobs, and the role involves creating and redeeming ETF shares to ensure products are traded in sync with their underlying assets. Regulatory documents revealed last week showed that JPMorgan Chase (JPMorgan Chase), Jane Street, and Cantor Fitzgerald became APs for several other Bitcoin ETF issuers. [Federal Reserve Meeting Minutes: Interest Rate Cut Path Highly Uncertain] Comparing news, the minutes of the US Federal Reserve meeting released on Wednesday showed that Federal Reserve officials concluded in December last year that interest rates may be cut in 2024, but they don't seem to say when they might cut interest rates. At the meeting, the Federal Open Market Committee, which is responsible for setting interest rates, agreed to stabilize the benchmark interest rate in the range of 5.25% to 5.5%. The members said they expect a quarter percent reduction by the end of 2024. However, the conference summary states how...

958d agoyijunzhong007@outlook.comWeekly review of the comparison
[Weekly Web3 News Picks] Eleven applicants, including BlackRock and Fidelity, submitted an updated 19b-4 form for the proposed spot Bitcoin ETF; sources: More than $2 billion is awaiting injection of BlackRock's spot ETF within one week of listing; Coinbase requires UK users to fill out risk confirmation forms to comply with FCA financial promotion regulations; Goldman Sachs is in negotiations to become authorized participants in BlackRock and Grayscale's spot Bitcoin ETF

[Weekly Web3 News Picks] BlackRock and Bitwise submit an S-1 amendment to the Bitcoin spot ETF to the US SEC; the US federal judge accepted Zhao Changpeng's plea agreement but did not decide whether to allow him to return to the UAE before judgment; Fidelity and the SEC held a meeting on the spot Bitcoin ETF and submitted the revised S-1 form

Weekly Web3 News Picks: [BlackRock, Bitwise Submit S-1 Amendment to Bitcoin Spot ETF to US SEC] Comparative News, Bloomberg analyst James Seyffart posted a document on social media X showing that BlackRock (BlackRock) and Bitwise have once again submitted an S-1 prospectus amendment for their Bitcoin spot ETF. According to Seyffart, this is clearly the US Securities and Exchange Commission (SEC) issuing the same or very similar instructions to various asset management companies that have submitted Bitcoin spot ETFs. [Bloomberg Analyst: The first batch of approved Bitcoin spot ETFs may only use a cash subscription mechanism] In comparison, Bloomberg senior ETF analyst Eric Balchunas said in an article on the X platform that everyone is discussing the most important thing is whether the SEC will allow a physical subscription mechanism. Rumor has it that the first group only allows a cash subscription mechanism. Many issuers are prepared for both (if BlackRock wins support from the SEC, many issuers will also trade in physical form. If not, they will use a cash subscription mechanism). Furthermore, another big unknown is whether Grayscale GBTC will be allowed to be converted to ETFs in the first batch, and no one really knows anything or has any relevant information. [Pando Asset submits 19b-4 documents to the SEC for its spot Bitcoin ETF] In comparison, Bloomberg analyst James Seyffart said on the X platform that Swiss asset management company Pando Asset submitted 19b-4 documents to the SEC to apply for a Bitcoin spot ETF. The company submitted an S-1 application last week. Currently, there are 13 potential issuers for spot Bitcoin ETFs. [Bloomberg Analyst: BlackRock May Transfer $200 Million in Trust Assets to Bitcoin Spot ETF] In comparison, Bloomberg analyst Eric Balchunas posted on social media platform X that there is news that BlackRock may transfer approximately $200 million in trust assets to a Bitcoin spot ETF. This in itself is not a new demand, but it may help them in the early stages of the ETF listing. More noteworthy is whether and when BlackRock decided to include a Bitcoin spot ETF in their portfolio. Analysts say $200 million is just a “rational guess” about the private trust's asset management scale, and he wouldn't be surprised if a Bitcoin spot ETF were added to BlackRock's larger portfolio a few months after listing. [US federal judge accepts Zhao Changpeng's plea agreement, but has not decided whether to allow him to return to the UAE before judgment] According to The Block, US Seattle Judge Richard Jones has accepted the plea agreement of former Binance CEO Zhao Changpeng (CZ) on anti-money laundering violation charges. However, the judge has yet to consider whether CZ can return to Dubai before trial in February 2024, and the sentence is currently scheduled to be carried out on February 23, 2024. After years of investigation by federal regulators, CZ last month admitted violating US anti-money laundering and related sanctions. Binance agreed to pay $4.3 billion, one of the largest corporate settlements in history. CZ agreed to pay a $50 million fine and step down as CEO, and not participate in Binance's operations for 3 years. [a16z announces a list of trends excited about the crypto industry in 2024, including artificial intelligence+blockchain, modular technology stacks, etc.] In comparison, a16z crypto announced a list of trends excited about the crypto industry in 2024, including: entering a new era of decentralization; resetting future UX user experience; the rise of modular technology stacks; the combination of artificial intelligence+blockchain; P2E (Play to Earn) becomes P+E (play and earn); when artificial intelligence becomes a game maker, Cryptocurrency provided guarantees; formal verification became more accessible; NFTs became ubiquitous brand assets; and SNARK (simple, non-interactive proof of knowledge) became mainstream. [Crypto exchange Bitzlato co-created an act of laundering $700 million] Comparing news, a press release recently released on the official website of the US Department of Justice (DOJ) shows that the Hong Kong-registered virtual currency exchange Bi...

986d agoyijunzhong007@outlook.comWeekly review of the comparison
[Weekly Web3 News Picks] BlackRock and Bitwise submit an S-1 amendment to the Bitcoin spot ETF to the US SEC; the US federal judge accepted Zhao Changpeng's plea agreement but did not decide whether to allow him to return to the UAE before judgment; Fidelity and the SEC held a meeting on the spot Bitcoin ETF and submitted the revised S-1 form
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