- Many parties reached a settlement in the FTX incident; Coinbase: 425 million people around the world own cryptocurrency (12.20)
headlines
FTX and its affiliated debtors reach global settlement with joint official liquidators
FTX and its affiliated debtors have entered into a global settlement with the joint official liquidators with respect to FTX Digital Markets, a wholly-owned subsidiary of the FTX Debtors. FTX Digital Markets is currently undergoing liquidation proceedings in the Bahamas. The settlement is reflected in a global settlement agreement signed by the parties today. The global settlement agreement is subject to approval by the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas.
Industry news
Coinbase: 425 million people around the world already own cryptocurrencies
Coinbase published a blog stating that the value of cryptocurrencies has increased by 90% this year, and transaction volume in the fourth quarter increased by 60%. 425 million people around the world own cryptocurrencies, and 83% of G20 countries and major financial centers have or are in the process of developing rules, creating more certainty for the industry. Cryptocurrency’s scale and momentum allow innovation to continue to emerge, and the SEC’s approval of a Bitcoin ETF could bring new growth to the asset class. As the use of cryptocurrencies continues to increase, its uses are also expanding, evolving from an asset class to driving the renewal of a century-old financial system.
ARK Invest reduced its GBTC holdings by approximately US$27.6 million yesterday
Cathie Wood’s ARK Invest reduced its holdings of 809,441 GBTC through the ARKW fund on Monday (December 18), equivalent to approximately $27.6 million.
Montenegrin court cancels Do Kwons extradition approval
According to market sources, a Montenegrin court canceled Do Kwon’s extradition approval.
CertiK issues high-risk warning and urges to upgrade OKX iOS app
CertiK issued a high-risk security warning on the X platform, urging all OKX iOS users to immediately upgrade their applications to the latest version. Earlier this month, the CertiK SkyFall team discovered and reported to OKX a high-risk remote code execution vulnerability on OKX mobile. The OKX team fixed the vulnerability in a new version released today. Please note that users must not use old versions of applications, otherwise there is a risk of being controlled by hackers and having all assets stolen.
OKX officially stated that we have completed the relevant upgrades as soon as possible after receiving the notification from CertiK. This problem is a vulnerability of the third-party application service provider and does not involve the official program itself. It will not affect the security of user assets. After verification by the platform, no loss of assets or information was found.
Currently, this problem has been fixed in IOS version 6.45.0. It is recommended that users complete the APP update as soon as possible. The security of users assets will not be affected, please rest assured.
ETF event progress
BlackRock filed a revised filing for a spot Bitcoin ETF with the SEC on Monday. The filing shows BlackRock’s ETF will use a cash subscription and redemption mechanism, which is the model favored by the SEC. (CoinDesk)
According to previous news on December 14, Invesco and Galaxy have submitted the third revised S-1 document (prospectus) of the Bitcoin spot ETF Invesco Galaxy Bitcoin ETF to the U.S. SEC. The document promised to focus on Launch of Bitcoin ETF created with cash only.
Bloomberg ETF analyst Eric Balchunas noted that this is a clear signal that the SEC prefers cash creation methods in initial ETF product approvals.
Bloomberg ETF analyst James Seyffart posted on the X platform that the SEC is opening a comment period to weigh whether the spot Ethereum ETF should be treated differently from the spot Bitcoin ETF.
Project News
According to data from CryptoSlam, the free NFT collection The Warlords of Champions Tactics for gaming giant Ubisofts upcoming fighting game Champions Tactics: Grimoria Chronicles sold out within minutes of going live and within hours of public mint Sales exceeded $2 million.
Blur data shows that the floor price of this series of NFTs is currently quoted at 0.2239 ETH. Additionally, only 11% of the 9,999 NFTs are currently for sale. This data suggests that most collectors plan to keep Warlords NFTs in order to use them to unlock the next free mint for characters in the game. (Decrypt)
ETHW Core announced its disbandment and the server will be temporarily transferred to OneDao
ETHW Core issued an announcement announcing its dissolution. EthereumPoW will achieve complete autonomy. Some existing servers will be temporarily handed over to OneDao for transitional maintenance on the premise of finding long-term ecological partners.
INJS: Please stop engraving, all funds will be refunded
Injection Project INJS issued a statement on the
INJS stated on social media that all addresses and refund amounts have been collected and listed in public documents, reminding users to verify that the details and amounts are correct, and the platform will complete all refunds within the next 24 hours.
Bitcoin Frog #8518 was traded at 3.21 BTC, a 64-fold increase in transaction price in 7 months
OKX Web3 Wallet NFT market data shows that Bitcoin Frog #8518 (Inscription #405992), which features gold glasses, was traded for 3.21 BTC (approximately $138,282.95) today. The last transaction of this NFT was on the Magic Eden platform on May 11 at a price of 0.049819 BTC (approximately $2,146.11), and its transaction price increased 64 times in 7 months.
BakerySwap: Bitcoin chain game project Bitcoin Cats IDO oversubscribed 150 times
The NFT platform BakerySwap posted on the This IDO has been oversubscribed 150 times, and the excess funds will be refunded within 12 hours.
1 cat token on Ethereum will be distributed within 12 hours, and trading will open at 16:00 Beijing time on December 20. Due to Bitcoin network congestion, the BRC 20 version of 1 cat token will be distributed in the coming days.
