星球日报 | Binance Labs投资MEME，多家公司比特币ETF接近获批（1.05）
headlines
Binance Labs Announces Investment in Memecoin (MEME)
Binance Labs announced its investment in Memecoin (MEME), the native ecosystem token of Memeland, an NFT project owned by 9 GAG.
It is reported that Memeland’s core focus is to build and invest in SocialFi and the creator economy, aiming to leverage the Meme Internet culture and connect creators and communities through its MEME tokens and NFTs.
TechCrunch: Bitcoin spot ETFs from multiple companies are very close to approval
According to news website TechCrunch reporter Jacquelyn Melinek, sources said that the Bitcoin spot ETF is very close to being approved by the SEC, and multiple companies will be approved; the specific notice is expected to be announced tomorrow (Friday).
ETF Progress
The Block: Issuer Has Addressed Three Remaining SEC Concerns About Bitcoin Spot ETF
Several Bitcoin spot ETF issuer executives revealed that they have been monitoring the SEC’s feedback and expressed concern about companies such as Grayscale adopting SEC-sanctioned creation and redemption models. This resulted in the publisher agreeing to disclose authorized participants, in what was considered an unusual move.
In some ETF structures, funds use a redemption-in-kind model that allows investors to exchange shares for underlying securities or commodities to avoid tax penalties. In meetings with the SEC, Grayscale had advocated for offering both physical and cash creation and redemption models, but ultimately accepted the SECs cash model requirements. Other companies such as BlackRock have also indicated a preference for a cash model.
Grayscale pushed for physical redemptions at a pre-Christmas meeting, but ultimately gave in to the SECs demands, sources said. Recently, companies looking to list Bitcoin ETFs have announced authorized participants, including major banks such as Jane Street Capital, JP Morgan Securities LLC, Valkyrie and others. This is considered a matter that is being driven by the SEC and is relevant to the focus of its ongoing dialogue.
VanEck files 8-A 1 2B filing with SEC for its spot Bitcoin ETF
VanEck files 8-A 1 2B filing with SEC for its spot Bitcoin ETF.
ARK Invest Files Securities Registration Application with SEC for Spot Bitcoin ETF
ARK Invest/21 Shares has filed a securities registration application, known as Form 8-A, with the SEC for its spot Bitcoin ETF, according to public filings.
Valkyrie files for securities registration for its spot Bitcoin ETF
According to public filings, Valkyrie filed a securities registration application with the SEC for its spot Bitcoin ETF.
Bloomberg analyst Eric Balchunas said the SEC is giving its final opinion on a spot Bitcoin ETF and issuers will soon file final 19 b-4 and S-1 filings. Its definitely the closest weve ever been to a done thing, but as far as I know it hasnt been officially approved yet, he said.
Market changes
AI fell to 1.14 USDT, and the highest opening price reached 2.58 USDT
The market price shows that Sleepless AI (AI) fell to 1.14 USDT, and the highest price reached 2.58 USDT in the first 5 minutes of opening.
TIA breaks through 15 USDT and continues to hit a new all-time high
Ouyi OKX market shows that TIA broke through 15 USDT and is now trading at 15.6 USDT, continuing to hit a record high, with a 24 H increase of 33.7%.
Blockchain-related U.S. stocks rose broadly, with Coinbase rising more than 5% today
Blockchain-related U.S. stocks generally rose, including:
· Cannan up 15% today;
· Bitdeer rose 6.1% today
· MicroStrategy rose 5.4% today;
· Coinbase is up 5.4% today.
Industry news
Republican Rep. Blaine Luetkemeyer of Missouri announced his retirement on Thursday, potentially making room for the House Financial Services Committee to welcome a pro-cryptocurrency chairman after current Chairman Patrick McHenry leaves in early 2025.
Under McHenry’s leadership, the House Financial Services Committee has advanced bills aimed at regulating stablecoins and comprehensively addressing the structure of the cryptocurrency market. Luetkemeyer has a seat on the committee and has previously expressed plans to run for McHenrys chairmanship.
Luetkemeyers retirement at the end of 2024 means Republican Rep. French Hill, who represents Arkansas, could take over as chairman. Hill leads the committee’s group focused on digital assets and has been involved in crafting legislation involving cryptocurrencies such as stablecoins.
Ron Hammond, director of government relations for the Blockchain Association, said Hill has a strong record of working across party lines.
Binance.US hires Lesley ONeill as new chief compliance officer
Binance.US has hired Lesley ONeill of digital identity verification platform Prove Identity as its new chief compliance officer. ONeill will lead the companys compliance efforts, including its KYC, AML and sanctions programs. ONeill will bring more than 15 years of experience in regulatory and privacy compliance, information security, and identity verification and identity verification to Binance. Prior to Prove, ONeill worked at Ernst Young, Milbank and Bloomberg.
Project News
Memeland founder proposes to remove Fud user Farming reward proposal
According to a post by X platform user @wenxue 600, Memeland founder 9 GAGCEO issued a proposal to remove Fud user Farming rewards on Discord. 9 GAGCEO stated: At Memeland, we always reward loyalty. I think the people who denigrate and disparage us are not members of our community, so they dont understand how we do things here.
Tether issues one billion more USDT on Ethereum
On-chain data shows that Tether issued an additional one billion USDT on Ethereum.
Tether CEO Paolo Ardoino said that the 1 billion USDT is a supplement to the Ethereum network inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and inventory for cross-chain exchanges.
