WuBlockchain Weekly: Grayscale Users Sell Bitcoin, Ethereum ETF Decision Deferred, Hong Kong Crypto ETF Expected t…
1. SEC Delays Decision on BlackRock’s Proposed Spot Ethereum ETF Until March link The U.S. Securities and Exchange Commission (SEC) has postponed the decision timeline for the proposed spot Ethereum ETF by BlackRock to March. According to documents filed on Wednesday, “the Commission believes that designating a longer period within which to take action on the proposed rule change is appropriate so that it has sufficient time to consider the proposed rule change and the issues raised therein.” The SEC now faces a deadline of March 10th to either approve, reject, or institute additional proceedings for the proposed fund. The following day, the SEC postponed a decision on the proposal for Grayscale Ethereum Trust to convert into a spot Ethereum ETF. Bloomberg analyst James Seyffart suggests that delays for spot Ethereum ETFs will continue sporadically over the next few months, with the next significant date of interest being May 23rd. 2. Grayscale Transfers Over 100,000 BTC to Exchanges link Since the commencement of trading for the spot Bitcoin ETF on January 11th, Grayscale has transferred nearly 113,000 bitcoins from its wallets, with the majority moved to Coinbase Prime for potential sale. As of the early hours of January 25th, according to data on the Grayscale website, GBTC holds approximately 537,000 bitcoins, reflecting a reduction of around 100,000 bitcoins since January 11th. Bloomberg analyst Eric Balchunas tweeted on January 24th indicating a further decline in GBTC trading volume, possibly signaling exhaustion of selling pressure. 3. US Plans to Dispose of 2,933 Confiscated Bitcoins from Silk Road Enforcement Operation link The Maryland District Court in the United States has issued a notice of intention to forfeit 2,933 bitcoins that were seized from Ryan Farace and Sean Bridges on February 10, 2021. As of the time of the application submission, the seized bitcoins were valued at approximately $133 million. 4. US, UK, Australia Jointly Sanction Cryptocurrency Traders Associated with Hamas link The U.S. Treasury’s sanctions watchdog announced on Monday that the U.S. and other governments are blacklisting certain financial institutions associated with Hamas on a global financial blacklist. Australia and the United Kingdom are joining the U.S. Office of Foreign Assets Control (OFAC) in targeting individuals and entities accused of aiding Hamas in facilitating global financial transactions, both encrypted and unencrypted. Unlike previous sanctions, this round does not involve specific cryptocurrency addresses but freezes 189 cryptocurrency addresses associated with three exchanges. 5. Hong Kong’s First Spot Virtual Asset ETF Expected to Launch Before Mid-Year link According to the Managing Director and Head of Regulatory Affairs at OSL, a licensed virtual asset trading platform in Hong Kong, they are currently in close communication with many fund companies. About 5 to 10 fund companies are conducting research, with the possibility of launching the first spot virtual asset ETF by mid-year, and progress is expected with the first 5 companies. With only two licensed virtual asset platforms currently available, Chan admits there is pressure to ensure that fees remain reasonable and not excessively high. 6. Binance’s Weekly Summary a. Binance to Gradually Cease All Russian Ruble (RUB) Services link Binance has announced its decision to exit the Russian market by selling its operations to CommEX. Consequently, Binance will gradually cease all Russian Ruble (RUB) services. Users are encouraged to convert their RUB assets into other available assets on Binance. Starting from 08:00 (UTC) on February 1, 2024, any remaining RUB balance in users’ Binance accounts will be automatically converted to FDUSD based on the real-time exchange rate provided by xe.com. b. CNBC: CZ Once Proposed Using his $4.5 Billion Binance Equity as Collateral for Trips to the United States link Last month, a federal judge denied a travel request from CZ, the founder of Binance, who sought to travel to his home in the United Arab Emirates to attend to family matters involving “hospitalization and surgery” of relatives. A new criminal court document reveals that Zhao proposed to use his $4.5 billion Binance equity as collateral for returning to the United States. The valuation of the stocks is based on the last round of financing for Binance two years ago. 7. Terraform Labs: Strategically Files for Bankruptcy, Continues to Expand Web3 Products link Terraform Labs has announced that filing for Chapter 11 bankruptcy protection is a strategic step aimed at enabling continued operations and support for the Terra community and ecosystem. During the Chapter 11 proceedings, TFL intends to meet all financial obligations to employees and suppliers without the need for additional financing. The company still plans to expand its Web3 products, complete the acquisition of Pulsar Finance, launch the cross-chain wallet Station v3, and implement upgrades for the Enterprise Protocol cross-chain staking. 8. Tesla Did Not Sell or Purchase Any Bitcoin in the Fourth Quarter link According to Tesla’s financial report for the fourth quarter of 2023, the company generated total revenue of $25.2 billion, representing a 3% year-over-year increase. Operating profit amounted to $2.1 billion, with an operating profit margin of 8.2%. During the fourth quarter of 2023, Tesla did not engage in any Bitcoin purchases or sales, maintaining a consistent holding of 9,720 BTC for the sixth consecutive quarter. 9. Sotheby’s: Bitcoin Ordinals NFT “Genesis Cat” Sells for Over $250,000 link FAR, the digital artist, received over 50 bids for the “Genesis Cat” Ordinals NFT, with the winning bid reaching 6.31 BTC, approximately $254,000. Earlier this month, Taproot Wizards announced the Quantum Cats’ Bitcoin Ordinals inscription collection, consisting of 3,333 images, with a creation cost exceeding $66,000 in Bitcoin. The broader auction for this series is scheduled for January 29th. 10. SlowMist Information Security Officer Releases Predictions on Cryptocurrency Industry Security Trends for 2024 link @IM_23pds from SlowMist released predictions on the security situation in the cryptocurrency industry for 2024: Professional hacker teams’ attacks on cryptocurrency platforms will continue to intensify, primarily using advanced social engineering attacks. Phishing software-as-a-service (SaaS) providers will see new leaders emerge amidst competition, with current active ones like Angel Drainer possibly exiting. Attacks from malicious software-as-a-service targeting cryptocurrencies will increase, with variant attacks being heavily promoted and sold in underground cybercrime networks. Various cryptocurrency asset thieves will multiply and further develop, with more advertisements and a matured industry chain in underground markets. Global law enforcement will crack down heavily on cryptocurrency crimes, leveraging past information to prepare, with profiles of relevant criminal groups gradually being completed. Fundraising
Learn more, check out crypto-fundraising.info. Follow us Wu Blockchain is free today. But if you enjoyed this post, you can tell Wu Blockchain that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
Exploring the Frontier of Crypto Prediction Markets: Collective Decision-Making and Binary Options
Thursday, January 25, 2024
Author: defioasis Paradigm has listed the prediction market as one of the top ten areas for exploration. 1confirmation likens it to the NFT market on the eve of its explosion in 2019. Although it
The Impact Post ETF! Talking with Daniel Yan, founder of Kryptanium Capital
Wednesday, January 24, 2024
YouTube: Spotify: Please give a brief self-introduction Hello everyone, my name is Daniel, and I am thrilled to be here with you today, especially as an inaugural guest, which is a great honor. A brief
Opinion: Why can't the Bitcoin ecosystem surpass Ethereum?
Tuesday, January 23, 2024
Author: HSL Source: https://mp.weixin.qq.com/s/bdGL786wbPueCcKlf7CeTA The author's views do not represent the views of WuBlockchain. With the continued popularity of Inscriptions, especially with
Opinion: Bitcoin Ecosystem Tracks and Representative Projects to Watch in My Eyes
Monday, January 22, 2024
Author: defioasis Note: This article is only for the author's personal information sharing, has no interest related to the mentioned projects, does not endorse any projects, and does not represent
Asia's weekly TOP10 crypto news (Jan 15 to Jan 21)
Sunday, January 21, 2024
1. Hong Kong's Weekly Summary 1.1 Hong Kong Securities and Futures Commission Adds Two Suspected Virtual Asset Trading Platforms on the 18th, Named DIFX and Aramex link The official website of the
You Might Also Like
Growth Through Participative Ideation | BanklessDAO Weekly Rollup
Saturday, September 7, 2024
Catch Up With What Happened This Week in BanklessDAO ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin falls below $54k as market sees volatility following jobs data
Saturday, September 7, 2024
Bitcoin fell below $54000 as uncertainty over potential rate cuts led to heightened market turbulence. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The fastest growing DePIN project 🔥
Saturday, September 7, 2024
How to get a free unlimited phone plan 📲
Weekly Project Updates: EIGEN Announces Second Season Airdrop, Ethena Concludes Second Airdrop, Matter Labs to Lay…
Saturday, September 7, 2024
The Eigen Foundation has announced the launch of the EIGEN Season 2 Stakedrop airdrop. For the second season, approximately 70 million EIGEN (around 4.2% FDV) will be allocated to stakers and operators
Curling at Futurist; Living on Litecoin; Flexa SDK launch
Friday, September 6, 2024
Ampera at the Blockchain Futurist Conference 🥌 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🥛 Will the Fed stick the soft landing? 🛬
Friday, September 6, 2024
PLUS: Crypto's top earners of 2024 (so far) 💰
Russia mined over $3 billion in Bitcoin last year, boosting tax revenue amid sanctions
Friday, September 6, 2024
Chainalysis warned that Russia could leverage local exchanges like Garantex for tax evasion efforts. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 🐱 CryptoKitties resurges as its ‘Egg’ NFTs soar by over 40x; BAYC announces a pa…
Friday, September 6, 2024
CryptoKitties resurges as its 'Egg' NFTs soar by over 40x. BAYC announces partnership with BMW and releases a mini-game. Mysten Labs launches gaming device SuiPlay0X1, integrating the Sui
WuBlockchain Weekly: Japan May Continue Rate Hikes, 96% of NFTs Approaching 'Death', CZ Banned for Life from Manag…
Friday, September 6, 2024
The US reported an increase of 99000 jobs in August according to the ADP employment data, marking the smallest growth since January 2021, falling short of the expected 145000. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🥛 Waddup, fat app! 🍔
Thursday, September 5, 2024
We need a wellness check on the crypto ETFs, stat!