星球日报 | SEC正式批准11支比特币现货ETF；各大ETF将于明日开始交易（1月11日）
headlines
SEC officially approves 11 spot Bitcoin ETFs
Odaily News According to Reuters, the U.S. Securities and Exchange Commission (SEC) documents show that the SEC approved 11 spot Bitcoin ETFs. Includes BlackRock, VanEck, Bitwise, Fidelity, Franklin Templeton, Valkyrie, Hashdex, ARK 21 Shares, Grayscale, WisdomTree, and Invesco Galaxy.
Gary Gensler releases Bitcoin spot ETF approval statement
Odaily News Gary Gensler released a Bitcoin spot ETF approval statement on the SEC official website. The statement stated that the SEC has approved some Bitcoin spot ETFs. The committee evaluates national stock exchanges based on whether they are consistent with the Exchange Act and its subordinate regulations. Any rule submission, including whether the rule is designed to protect investors and the public interest. The committee is neutral in its evaluation process and does not express views on specific companies, investments or assets underlying exchange-traded products (ETPs).
Gensler further stated that today’s commission action is limited to exchange-traded products (ETPs) holding Bitcoin, a non-security commodity. This in no way means that the Commission is willing to approve listing standards for crypto-asset securities. Approval also does not indicate the Commission’s view on the legal status of other crypto-assets under the federal securities laws or on the status of violations of the federal securities laws by certain crypto-asset market participants.
Bloomberg Analyst: Approved Bitcoin Spot ETF Will Start Trading on Thursday
Odaily News Bloomberg ETF analyst James Seyffart posted on the Trading will begin tomorrow (Thursday local time) and no further steps are required.
Fox reporter: Gensler, Peirce, Uyeda and other three SEC commissioners voted in support
Odaily News Fox Business reporter Eleanor Terrett said on the The issue on ETF was passed by a vote of 3:2.
Earlier, the SEC had officially approved 11 spot Bitcoin ETFs.
ETF Progress
BlackRock Bitcoin Spot ETF Expected to Start Trading on Nasdaq on January 11
Odaily News BlackRock said that its iShares Bitcoin Spot ETF (IBIT) is expected to begin trading on Nasdaq on January 11, local time. (Businesswire)
Odaily News Cboe will launch ARK 21 Shares, Fidelity, Franklin, Invesco Galaxy, VanEck, WisdomTree Bitcoin spot ETFs and open for trading on January 11, local time.
BlackRock plans to cut fees on its spot Bitcoin ETF from 0.30% to 0.25%
Odaily News BlackRock said on Wednesday that it plans to reduce the fee on its spot Bitcoin ETF from 0.30% to 0.25%, and in addition, the discount rate on the first $5 billion of assets within 12 months will be 0.12%. (The Block)
Ark 21 Shares plans to cut fees on its spot Bitcoin ETF to 0.21% from 0.25%
Odaily News According to the official website of the SEC, Ark 21 Shares once again submitted an update document for the spot Bitcoin ETF S-1, intending to reduce its fee from 0.25% to 0.21%.
Bloomberg ETF Analyst: Spot Bitcoin ETF issuer does not expect to subsequently raise fees
Odaily News Bloomberg ETF analyst Eric Balchunas said in response to user questions on the X platform that spot Bitcoin ETF issuers will not subsequently increase fees. ETFs never raise fees because this could negatively impact their brand and cause dissatisfaction among investment advisers. ETFs tend to lower fees rather than raise them, which is one of the reasons theyre popular with investors, who prefer to put their money where its better for them.
Cathie Wood: Once Bitcoin ETF is approved, it will be a long-term “price-driving event”
Odaily News Cathie Wood said in the ETF IQ interview that once the Bitcoin ETF is approved, it will become a long-term price driving event. (Golden Ten)
About ten fund companies are preparing to launch virtual asset spot ETFs in Hong Kong
Odaily News As 13 Bitcoin spot ETFs are awaiting approval from the U.S. Securities and Exchange Commission (SEC), Livio Weng, chief operating officer of HashKey Group, revealed in an exclusive interview that about ten fund companies are currently preparing to launch virtual assets in Hong Kong. Spot ETFs, and seven or eight of them are already in the actual advancement stage.
Prior to this, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority issued a circular in December 2023 stating that they were ready to accept applications for virtual asset spot ETF authorization. In other words, Hong Kong is becoming the first market in Asia to allow the listing of virtual asset spot ETFs. (Caixin.com)
Industry news
Odaily News According to a notice issued by the Celsius bankruptcy administrator to creditors, Celsius creditors who withdrew more than $100,000 from Celsius in the three months before July 13, 2022 (the date Celsius declared bankruptcy) will have to return part of the funds, otherwise they will be accused.
Celsius will soon send letters to relevant accounts instructing them to pay 27.5% of funds withdrawn during the affected period, the notice said. If they comply, they will be eligible for future distributions under the reorganization plan.
Additionally, users who withdraw less than $100,000 will not have to return their funds, but they will still need to vote to accept the program rather than opt out of it. (The Block)
Nomuras Laser Digital launches institutional Web3 protocol Libre for Brevan Howard fund
Odaily News WebN Group and Laser Digital today released Libre, an institutional Web3 protocol based on Polygon technology.
Laser Digital is the crypto arm of financial services firm Nomura, while WebN Group is an incubation center for fintech and Web3 innovators backed by Laser Digital and Brevan Howard co-founder Alan Howard.
According to a statement, Libre leverages asset tokenization and smart contracts and is designed for the issuance and management of alternative investments that comply with regulatory requirements. The protocol is built using Polygon CDK, which enables the development of dedicated, zero-knowledge driven L2 blockchains on Ethereum. Large agencies Brevan Howard and Hamilton Lane will be the first to use the platform, which is scheduled to go live in the first quarter. (The Block)
Project News
Ripple to conduct $285 million worth of stock buybacks
Cryptocurrency company Ripple Labs is buying back $285 million worth of company stock from early investors and employees, two people familiar with the matter said. The investment, also known as a tender offer, values the company at $11.3 billion. , but investors are said to be limited to selling up to 6% of their shares. Ripple is reported to have confirmed the tender offer and said it plans to invest $500 million in related buyback transactions to cover the costs and taxes of converting restricted stock units into shares. (Reuters)
Starknet V 0.13 upgrade has been launched on the mainnet
Odaily News StarkWare exploration leader and Starknet staff abdel.stark.eth posted on the X platform that the Starknet V 0.13 upgrade has been launched on the mainnet.
Starknet: V 0.13.0 upgrade does not mean you can now use STRK as gas
Odaily News Starknet stated on the X platform that the V 0.13.0 upgrade covers the technical preparations for using STRK as a gas token, but this does not mean that STRK can now be used as gas.
Starknet compared the situation to: The tracks are laid, but the trains arent running yet.
Arbitrum community opens voting on proposal for Long-term Incentive Pilot Program
Odaily News Snapshot page shows that the Arbitrum community has opened voting for the Long-term Incentive Pilot Program proposal as of January 17.
It is reported that the proposal establishes a long-term incentive pilot program for the DAO to test new incentive designs and answer necessary questions to ensure that it is ready to commit to long-term plans. The program will distribute between 25 million and 45 million ARB tokens to protocols built on Arbitrum, with the exact amount to be determined by the DAO via Snapshot voting and approved via Tally voting. The program will distribute ARBs to the Arbitrum ecosystem protocol within 12 weeks.
Base announces 2024 roadmap to accelerate decentralization and reduce fees across the board
Odaily News Layer 2 Network Base announced its 2024 roadmap. Base is a platform designed to build a global on-chain economy to promote innovation, creativity and freedom. Bases mission in 2024 is to build a global on-chain economy, which consists of three parts: the developer platform (Base as the infrastructure), the App ecosystem (all Apps built on Base), and the capital market (various Apps users and asset liquidity, such as ETH and USDC).
Base’s strategy in 2024 revolves around four core pillars: achieving decentralization and scalability so that everyone can get on-chain; building a powerful developer platform so that everyone can build on-chain products; cultivating a vibrant The App ecosystem provides consumers, creators and enterprises with reasons to go on-chain; it promotes deep capital markets and provides power for the interconnected on-chain economy.
Base said that the main development priorities in 2024 include accelerating decentralization while improving network availability; comprehensively reducing network fees; making smart wallets the default setting; making deposits and withdrawals very simple; integrating Coinbases existing and new users, assets and Products are brought to the chain; by cooperating with Optimism, a seamless experience is achieved throughout the Superchain and participates in Optimism Governance.
Ethereum staking protocol EigenLayer will introduce three new liquidity staking tokens
Odaily News Ethereum re-staking protocol EigenLayer announced that it will introduce three new liquid staking tokens (LST) at 12 noon on January 29th, Pacific time: Frax Ether (sfrxETH), Mantle Staked Ether (mETH) and Liquid Collective Staked Ether (LsETH). EigenLayer also announced that it will resume re-pledge activities with the current limit of 200,000 ETH per LST. There is still no upper limit for native re-mortgage.
Xai mainnet and bridge are online
According to official news from Odaily, Xai, the game Layer 3 solution, announced that the Xai mainnet is officially launched.
In addition, the Xai mainnet bridge has been launched, allowing users to transfer XAI cross-chain between the Xai mainnet and networks such as Arbitrum One.
Pyth Network releases Pyth DAO governance system draft charter
Odaily News Pyth Network has released a draft of the Pyth DAO governance system charter. Feedback will be collected in the Discord community and made public before submission for on-chain voting deployment.
The Pyth Governance governance system will determine the size/denomination of oracle fees earned by Pyth, determine the reward distribution mechanism for data publishers, approve other software updates for cross-chain on-chain programs, and more.
Odaily News dYdX Foundation posted on the
According to the proposal, the transaction reward constant C is increased to 0.9 at block height 5, 543, 541. Traders on dYdX Chain can now earn up to 90% of paid fees based on the trading reward formula.
Odaily News Morpho Labs, a DeFi lending protocol supported by Variant and a16z, announced on the X platform that Morpho Blue has been launched on the mainnet. The first orphan markets listed on the Morpho interface are wstETH/WETH (liquidation LTV = 94.5%) and wstETH/USDC (liquidation LTV = 86.0%), with more markets to be added later.
The initial incentives for the wstETH market include 1.4 million MORPHO and 132 wstETH. These incentives will be distributed over a three-month period, with rewards gradually increasing during this period.
It is reported that Morpho Blue can create isolated lending markets by specifying any loan assets, mortgage assets, liquidation LTV (LLTV), oracles and interest rate models. Morpho is also introducing AdaptiveCurveIRM, an immutable rate model (IRM) designed specifically for Morpho Blue, which aims to maintain the ratio of borrowed assets to supplied assets (commonly known as utilization) to a target of close to 90%.
In 2022, Morpho completed $18 million in financing through native token sales, led by a16z and Variant, with participation from Nascent, Semantic Ventures, Cherry Crypto, Mechanism Capital, Standard Crypto and Coinbase Ventures.
Odaily News The non-custodial liquidity staking protocol ether.fi announced its roadmap for the first half of 2024, including the release of the DAO framework in February, the release of token economics documents in March, and the token generation activity (TGE) in April.
In addition, mainnet V3 is planned to be released in early Q2 and will include some special features, such as the ability for users to run personal nodes with 2 ETH Bond.
Nostr Assets: TNA Fair Mint Each address can only participate in one lottery pool
Odaily News Nostr Assets Protocol responded to TNA’s new address issue on Telegram, saying that each Nostr address can only participate in one lottery pool.
Odaily Note: This means that participants need to separate the addresses of NOSTR tokens from Double T and calculate participation strategies separately; it also explains the confusion in the Fair Mint document about whether to hold both tokens at the same time.
Odaily News LiquidCrypto responded to the security incident saying: We have discovered this issue and are redeploying smart contracts. This issue is only related to Liquid + Pool, specifically those pools with LQDX native token pairs. AVAX, JFIN and ONUS have not Affected. There were some outflows from ETH and BSC, but they were small. Again, no users lost funds. No other products were affected. Swap, bridges, etc. are all running fine. We will post a notification once the smart contracts are redeployed.
Additionally, LiquidCrypto said it will offer bounties to parties who disclose its security vulnerabilities.
Investment and Financing
Quora raises $75 million from a16z to accelerate development of AI chat platform Poe
Odaily News Quora CEO Adam DAngelo announced in a post that Quora has raised US$75 million from a16z, valuing the company at US$500 million. The funds from this round of financing will be mainly used to accelerate the development of its AI chat platform Poe, and it is expected that most of the funds will be paid to the creators of Bots on the platform through its creator monetization plan.
Quora hit a new usage high last week, with more than 400 million unique monthly visitors. With the exception of Poe, Quora is cash flow positive, so any new funding will be focused on Poes growth. Poes goal is to become the best way for consumers to chat with various AI products, and to provide developers with the easiest way to build AI chat products and attract large audiences, including creating bots using existing models and uploaded files, and training models on their own .
Web3 music platform Tune.FM receives US$20 million investment from LDA Capital
Odaily News Tune.FM, a Web3 music platform based on Hedera, received US$20 million in investment from alternative investment group LDA Capital. Leveraging Hedera Hashgraph’s blockchain technology, Tune.FM provides a platform for musicians to receive streaming micropayments via its native JAM token (JAM) and mint non-fungible tokens for digital music assets and collectibles (NFT).
Existing investors in Tune.FM include Animoca Brands, HBAR Foundation and Broad Street Angels.
Odaily News Entangle, a customizable and interoperable data infrastructure built for Web3 and institutions, announced the completion of a total of US$4 million in seed and private financing from Big Brain Holdings, Launch Code Capital, LBank Labs, Skynet EGLD Capital, Cogient Ventures, Owl Ventures, Faculty Group, Seier Capital, 1 NVST, Sharding Capital, Agnostic, Castrum Capital, Terra Nova, Nxgen, MH Ventures, Contango, Crypto Times participated in the investment.
Entangle plans to use the new funds to enhance its protocol technology and market strategy, expand its global reach, and strengthen its role in the cross-chain and interoperable data space.
Odaily News NFT liquidity solution and seller gamification market Eesee announced the completion of US$2.85 million in financing. This financing includes US$1.1 million in seed round financing and US$1.75 million in private placement round financing from SevenX Ventures, Maven Capital, MetaBros, Contango Digital Assets, BasementDAO and others participated in the investment, and also reached partnerships with Ape Terminal, ApeCoin, Polygon and Chainlink.
Regulatory developments
Odaily News U.S. Senators JD Vance and Thom Tillis asked SEC Chairman Gary Gensler to submit a report to Congress on the theft of the SEC’s official X account by January 15 (that is, next Monday).
In their letter, the lawmakers said the incident raised serious concerns about the SECs internal cybersecurity procedures and was contrary to the SECs triple mission of protecting investors, maintaining fair, orderly and efficient markets, and promoting capital formation. (Cointelegraph)
Odaily News Turkish Finance Minister Mehmet Simsek said on Wednesday that Turkey’s crypto-asset regulations have entered the final stage and are expected to bring licensing and operational standards to trading platforms. These rules are designed to reduce the risks of crypto-asset trading. , and help the country escape the “grey list” of international financial crime regulators. Turkey ranks fourth globally in raw cryptocurrency trading volume, at about $170 billion last year, behind the United States, India and the United Kingdom, according to a report by blockchain analytics firm Chainalysis. (Cointelegraph)
Character*Voice
TechCrunch reporter: Coinbase is one of the biggest winners in the Bitcoin spot ETF space
Odaily News TechCrunch reporter Jacquelyn Melinek posted on the X platform that 8 of the 11 companies that have submitted applications for Bitcoin spot ETFs have chosen Coinbase for custody and have cooperated with Coinbase in trading, financing and other aspects. Coinbase is arguably one of the biggest winners.
