- ETF own incident caused sharp market fluctuations; Gary Gensler once again reminded of the risks of crypto investment (January 10)
headlines
OdailyXunmei SEC announced on its official X platform that it has approved the listing of spot Bitcoin ETFs on all registered national stock exchanges. The SEC said approved Bitcoin ETFs will be subject to ongoing oversight and compliance measures to ensure continued investor protection.
However, Gary Gensler later posted on the X platform to clarify that the SEC’s official Twitter account had been hacked and unauthorized tweets were posted. The SEC has not yet approved the listing and trading of a spot Bitcoin ETF product.
SEC: X account was stolen, SEC has not approved spot Bitcoin ETF
Odaily News SEC official X platform issued a statement stating that the SEC has not yet approved a spot Bitcoin ETF.
The SEC tweeted that SECs X account has been compromised and unauthorized posts have been made. The U.S. SEC has not approved the listing and trading of a spot Bitcoin ETF product.
U.S. SEC: Will cooperate with law enforcement agencies to investigate hacking attacks
Odaily News The U.S. Securities and Exchange Commission (SEC) stated that it will cooperate with law enforcement agencies to investigate hacker attacks. The agency also stated that unknown parties accessed the SECs X account and that the unauthorized access has been terminated. In addition, the X platform also stated that it is investigating the U.S. Reasons why SEC accounts were stolen. (jin 10)
Odaily News Bloomberg senior ETF analyst Eric Balchunas posted on the The ETF was approved and will be launched on Thursday local time.
Eric Balchunas believes that the U.S. SEC “To me, this style of language sounds like the SEC’s and not the prank of a crypto fool.”
Odaily News SEC Chairman Gary Gensler once again issued a crypto investment risk warning on the X platform: If you are considering investments involving crypto assets, please be cautious. Crypto assets may be viewed as new opportunities, but there are also significant risks.
Yesterday, Gary Gensler posted on the X platform that individuals providing crypto asset investments/services may violate applicable laws, including federal securities laws. Investors participating in cryptoasset securities should understand that they may lose critical information and other important protections related to their investments. In addition, investing in cryptoassets can also be associated with a high level of risk and often severe volatility.
ETF Progress
VanEck and BlackRock File Again Spot Bitcoin ETF S-1 Update
Odaily News SEC official website shows that VanEck and BlackRock once again submitted S-1 update documents for their spot Bitcoin ETF.
ARK 21 Shares resubmits Bitcoin spot ETF update
Odaily News SEC official website shows that ARK 21 Shares once again submitted a Bitcoin spot ETF update document (S-1/A), and the rate is still 0.25%.
Fidelity files S-1/A filing with SEC
Odaily News The official website of the U.S. Securities and Exchange Commission shows that Fidelity Wise Origin has submitted an S-1/A document for a spot Bitcoin ETF application.
Grayscale once again submits Bitcoin spot ETF S-3 update document, the fee rate is still 1.5%
Odaily News SEC official website shows that Grayscale once again submitted the Bitcoin spot ETF S-3 update document (S-3/A), and the fee rate is still 1.5%.
Franklin Templeton files again Bitcoin spot ETF update, fee remains at 0.29%
Odaily News SEC official website shows that Franklin Templeton once again submitted a Bitcoin spot ETF update document (S-1/A), and the fee rate is still 0.29%.
Bitwise lowers Bitcoin spot ETF fee from 0.24% to 0.2%
Odaily News The S-1/A update document submitted by Bitwise shows that Bitwise has lowered the Bitcoin spot ETF fee rate from 0.24% to 0.2%.
Valkyrie cuts Bitcoin spot ETF fee from 0.8% to 0.49%
Odaily News Valkyrie’s S-1/A filing shows that it will reduce the Bitcoin spot ETF fee rate from 0.8% to 0.49%.
Valkyrie co-founder Steven McClurg said in a previous interview that he chose the 0.8% rate because of the complexity of its Bitcoin storage, security and transactions.
WisdomTree cuts spot ETF fee to 0.3% from 0.5%
Odaily News According to WisdomTree’s updated Bitcoin spot ETFS-1 document, its ETF fees have been reduced from 0.5% to 0.3%, and an increase in “waiving all sponsor fees for the first $1 billion of trust assets within the first 6 months” terms.
Invesco/Galaxy cuts spot Bitcoin ETF fee to 0.39% from 0.59%
Odaily News According to Bloomberg ETF analyst James Seyffart, Invesco/Galaxy will lower the fee rate of its spot Bitcoin ETF from 0.59% to 0.39%, and waive the sponsorship fee for the first 6 months and the first $5 billion of trust assets. .
11 Proposed Bitcoin Spot ETFs All Mention Named Jane Street as Authorized Participant
Odaily News 11 proposed spot Bitcoin ETFs all mentioned Jane Street in their original or revised S-1 filings. Even Hashdex, which has yet to file an amended S-1, will appoint Jane Street as an authorized participant (AP), a person familiar with the filing said.
Fidelity Investments has selected Jane Street and Cumberland DRW as counterparties to its Bitcoin spot ETF, subject to regulatory approval, Bloomberg reports. (Blockworks)
Valkyrie Lianchuang: Bitcoin spot ETF expected to be approved on Wednesday
Odaily News Valkyrie Lianchuang Steven McClurg said in an interview with FORTUNE that the Bitcoin spot ETF will be approved sometime after the market closes on Wednesday.
I dont know how each committee voted, but I have a good idea how some of them would vote if this happened, McClurg said. I believe there are at least two committee members who want this to happen and always have. So: Mark Uyeda and Hester Peirce. I also believe that Gary Gensler has always wanted this to happen.
Other views include: Cash subscriptions will bring more market participants, Coinbase’s lawsuit with the SEC does not affect the ETF business, and the 0.8% rate was chosen because of the complexity of Bitcoin storage, security, and trading. (FORTUNE)
Former SEC Official: Personally Thinks SEC Will Approval Bitcoin Spot ETF
Odaily reported that former US SEC Internet Enforcement Director John Reed Stark posted on the Facts about any SEC proceeding have also not been leaked by anyone I know.
Therefore, all speculation and theories about what happened within the SEC are likely to be based on interpretations by applicants attorneys, which may be completely wrong or may be biased, calculated, manipulative, and strategic.
Based on Gary Genslers previous post (which sounds a lot like SEC Investor Alerts covering small-cap stocks, penny stocks, options, high-yield investment plans, etc.), it seems to me that the Commission has capitulated and will approve ( Bitcoin Spot ETF) — and just let things happen naturally.
Fox reporter: U.S. SEC committee members may still delay approval of Bitcoin spot ETF
Odaily News Fox Business reporter Eleanor Terrett posted on the X platform that there is an interesting reminder: the five members of the U.S. SEC may delay the approval of a Bitcoin spot ETF. SEC Committee members include: Gensler, Crenshaw, Peirce, Lizárraga and Uyeda.
While no formal committee vote on the ETF is scheduled, each committee member clearly has the authority to request review and a full committee vote under 17 CFR section 201.431, even if the matter has already been assigned and approved by authority. This provision allows an SEC Commissioner to request that the entire Commission review matters authorized by the staff.
Industry news
Odaily News 2023 Hurun Alumni Association Ranking has been released recently. Among them, Wu Jihan ranks 9th among Peking University alumni with a wealth of 10 billion yuan, and Li Lin ranks 3rd among Tongji University alumni with a wealth of 7 billion yuan. As well as Tsinghua University’s 22nd ranked alumni (master’s degree), Xu Mingxing ranked 16th among Renmin University of China’s alumni with a wealth of 5 billion yuan.
Creditors claim DCG has not fully repaid Genesis loan
Odaily News DCGs creditors task force said in court documents that DCG has not met its requirements to repay all loans to its bankrupt subsidiary Genesis Global.
Genesis and other debtors claim DCG still owes a certain amount of Bitcoin, as well as $26 million in interest and late fees, under its repayment agreement and master loan agreement. The shares of ETCG and ETHE held by DCG have been used as collateral for loans from Genesis. But DCG can only settle its U.S. dollar and Bitcoin needs in these currencies and not in other assets.
Genesis claimed that the outstanding balance of DCG as of Monday was 4,550 BTC (approximately $214 million) and 14,048 Bitcoin Cash (approximately $3.5 million), with an additional 70 BTC in late fees. (Blockworks)
Project News
Odaily News Snapshot page shows that Uniswap initiated a temperature check vote to lower the threshold for launching governance proposals to 1 million UNI, and the current support rate is 100%.
The proposal stated that the initial threshold for launching a Uniswap governance proposal was 10 million UNIs. Two years ago, Uniswap lowered it to 2.5 million UNIs, which promoted the maturity of Uniswap governance and the addition of new representatives. According to the current token situation, about 33 people have the ability to issue proposals on the chain. However, many entities with sufficient voting rights rarely participate in DAO discussions and votes.
Therefore, in order to further promote the decision-making process and decentralization of Uniswap, this vote was initiated to lower the threshold from 2.5 million to 1 million.
The Cosmos Hub community has opened voting for the proposal Set the minimum inflation rate to 0%
Odaily News The on-chain proposal Set the minimum inflation rate to 0% initiated by the Cosmos Hub community has opened voting. The current support rate is 98.5%, and the voting will end on January 23.
It is reported that due to the recent ATOM halving event, the current inflation rate is between 7% - 10%. The proposal seeks to remove the 7% floor, which would make ATOM a scarcer asset.
Odaily News Former Evmos co-founder Akash Khosla has returned 59.4 million EVMOS tokens (worth $7.6 million) allocated to him to the Evmos Foundation.
This follows Evmos saying in May 2023 that Khosla had attempted to sell large amounts of EVMOS on the market, raising concerns about his departure at the time. His return of tokens is expected to realign the token allocation for Evmos’ current team and contributors.
According to Khosla, his decision to return the tokens was made in the best interest of the project and community. The foundation said it reached an agreement with Khosla to pay an unknown amount for the buyback.
Khosla left Evmos last year over business differences. The development of the project was then led by Federico Kunze kllmer, the second co-founder and director of the Evmos Foundation. (The Block)
Xai: XAI airdrop application is open, please pay attention to prevent related scams
Odaily News Arbitrum Ecological Game Layer 3 Solution Until then, do not attempt to claim tokens from any source.
The official reminder states that since XAI applications are about to open, please be careful of various related scams. The official contract claim address is (the only legal XAI airdrop claim contract address): 0x 149107 dEB 70 b 9514930 d 8 e 454 Fc 32 E 77 C 5 ABafE 0. Any other contract address claiming to be related to XAI claims is a scam.
The only legal XAI contract address is: 0x 4 Cb 9 a 7 AE 498 CEDcBb 5 EAe 9 f 25736 aE 7 d 428 C 9 D 66. Any other contract address claiming to be related to XAI is a scam.
In addition, the official also announced the XAI token application website.
Odaily News Orbit Chain released a security incident update on the Ends after 9:00 a.m. on the same day.
If the attacker does not respond or refuses, the team will open the bounty to the public and continue to track the attacker with active support from all contributors around the world. However, there is no doubt that if North Korea or its related organizations are found to be responsible, the negotiations will be terminated immediately.
The team will use all available resources to track the attackers until the end and will continue to work to prevent any attempts to extract stolen assets.
The Radiant Capital community has opened a vote on the Introducing Radiant V3 proposal
Odaily News Radiant Capital has opened the RFP-28 proposal voting. The voting will end on January 12, and the current approval rate reaches 99.76%.
The proposal aims to accelerate project development through the introduction of Radiant V3. The core innovations of Radiant V3 include enhancing existing full-chain functions and introducing Radiant Innovation Zone (RIZ) to explore more asset markets, such as long- and short-term asset trading options, automatic conversion of protocol fees to dynamic liquidity (dLP), and lending markets Dual emissions, and dynamic protocol fee allocation during periods of high utilization, among others, to revolutionize current models.
Additionally, the proposal includes advanced integration of LayerZero functionality to facilitate cross-chain repayments and liquidations, as well as streamlined access to cross-chain yield opportunities.
Shiti Manghani has taken over as CEO of Find Satoshi Lab
Odaily News STEPN COO Shiti Manghani said on the X platform that he has taken over the position of CEO of Find Satoshi Lab.
It is reported that Find Satoshi Lab is the development parent company of chain games STEPN and Gas Hero, NFT trading platform Mooar, and decentralized exchange Dooar.
Nostr Assets is doing a new Fair Mint, using Double T and Nostr for the draw
Odaily News Nostr Assets announced on the
This lottery will be conducted using Treat, Trick, and Nostr. Investments will begin on January 12, and the lottery will last for 300 blocks.
Investment and Financing
Odaily News Encryption custody and staking service provider Finoa announced the completion of US$15 million in financing, led by Maven 11 Capital and Balderton Capital, with participation from Blue Bay Ventures, Signature Ventures, Coparion and Venture Stars. It is reported that the staking business now accounts for nearly 60% of Finoa’s total revenue. The company supports over 10 blockchains and is the third largest validator of the modular blockchain Celestia. (The Block)
Odaily News Monetary infrastructure B2B trading and compliance market AbbeyCross announced the completion of a new round of financing of US$6.5 million. Valar Ventures led the investment, with participation from BNY Mellon (BNY Mellon), Third Prime and Gaingels. AbbeyCross mainly works with global banks and currencies. The new funding will be used to further expand the providers partnership with other financial services providers to eliminate currency market inefficiencies and bring deeper currency liquidity, price transparency and market data to the fragmented emerging market currency payments industry. Develop and deploy its ABX Sync innovation platform.
Odaily previously reported that AbbeyCross completed a $2.47 million seed round of financing in August 2022, led by Third Prime, with participation from Communitas Capital and 11 strategic angel investors. (finextra)
Odaily News DeFi lending protocol Altitude announced the completion of a US$6.1 million seed round of financing, including the previously completed US$2.1 million Pre-Seed round of financing, and a new round of US$4 million in financing from Tioga Capital, New Form Capital, Flow Ventures, UDHC, GSR, Owl Ventures and others participated in the investment.
Altitude has now completed on-chain testing and will soon enter a closed testing phase, making it available to whitelisted addresses before being fully released.
It is reported that Altitude is a protocol that manages DeFi loans and collateral. When users borrow money through Altitude, the protocol will manage loans and collateral in real time based on market conditions to provide the best loan interest rate. (Cointelegraph)
ArenaX Labs closes $6 million in funding, led by Framework Ventures
Odaily News AI Arena developer ArenaX Labs announced the completion of $6 million in financing, which will be used to develop a PvP fighting platform. Framework Ventures led the investment, with participation from SevenX Ventures, FunPlus/Xterio and Moore Strategic Ventures.
It is reported that AI Arena allows users to train their own AI characters to fight. The outcome of each battle depends on the players skills in training, and is designed to help users understand the operation and learning process of artificial intelligence. (Venturebeat)
Odaily News Ta-da, an AI data market with a gamified Web3 application model as its core, completed US$3.5 million in financing, with participation from Morningstar Ventures, MultiversX, GBV Capital, XVentures, NxGen and Spark Digital Capital.
It is reported that Ta-da is incubated by Vivoka, a company developing speech recognition solutions. (CoinDesk)
Decentralized risk hedging strategy management company Umoja completes US$2 million in financing
Odaily News Umoja, a decentralized risk hedging strategy management company, completed US$2 million in financing, with participation from Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion, Blizzard (Avalanche), etc. The company was founded by Robby Greenfield, former head of social impact business at ConsenSys. It aims to help users insure their market losses like hedge funds to ensure their financial health, and introduce asset risk management in the DeFi field. Currently, the company mainly serves In the field of cryptocurrency, it plans to expand its decentralized hedging model to more digital asset fields such as digital bonds, real estate, and commodities in the future.
OKX Ventures announces strategic investment in Web3 gaming company Matr1x
Odaily News OKX Ventures announced a strategic investment in Matr1x, the next-generation Web3 entertainment platform, which aims to attract users through high-quality cyberpunk-themed e-sports games and has received approximately US$20 million in financing from multiple venture capital institutions.
Matr1x is currently developing Matr1x Fire, a first-person shooting game with CS:GO style and Battle Royale mode, which allows players to form teams to fight and win. Matr1x Fire integrates classic Web3 elements such as NFT that unlock special experiences and rights. The story revolves around centralization and decentralization, as well as the conflict of personal data sovereignty.
Regulatory developments
Odaily News The U.S. Financial Industry Regulatory Authority (FINRA) released its 2024 annual regulatory report, which for the first time includes a chapter dedicated to crypto assets.
The crypto-asset-related chapters are aimed at companies that are currently engaged in or intend to engage in crypto-related activities. The report states that FINRA’s Membership Application Program (MAP) follows the SEC’s guidance in evaluating the firm’s proposed crypto-asset securities business line against applicable rules, such as the SEC’s Financial Responsibility Rule and Customer Protection Rule. The company will be approved as a private (non-public) placement institution, operate an alternative trading system for crypto-asset securities, and provide custody services.
FINRA also requires that its members notify the organization when they engage in non-security crypto-asset activities and when persons engage in crypto-asset-related outside business activities, private securities trading, and crypto mining operations.
It is reported that FINRA is a self-regulatory organization in the United States responsible for supervising securities broker-dealers. FINRA is regulated by the SEC. (Cointelegraph)
Odaily News According to information on the official website of the Monetary Authority of Singapore, imToken was included in the agency’s Investor Alert List on December 5, 2023.
Odaily News imToken responded to its inclusion in the investor alert list by the Monetary Authority of Singapore on the Singapore has not yet applied for a financial business license in Singapore, so the Monetary Authority of Singapore has included imToken on the Investor Alert List (IAL).
As a decentralized wallet, imToken is different from centralized custody services. We are currently actively communicating with the Hong Kong Monetary Authority to clarify the differences in our business model in order to remove imToken from the investor alert list.
Odaily News The U.S. Commodity Futures Trading Commission (CFTC) Advisory Committee voted on Monday to submit a report to the committee calling for official and industry efforts to understand decentralized finance (DeFi) and promote its responsible and compliant development. .
CFTC Commissioner Christy Goldsmith Romero said the report is intended to aid ongoing policy debates in the U.S. Congress, state legislatures and regulators including the CFTC.
The report makes a number of recommendations, including improving understanding of DeFi, enhancing the timeliness and effectiveness of enforcement, and evaluating existing federal and state-level DeFi regulatory frameworks and identifying where regulations need to be expanded to address risks. (The Block)
Character*Voice
Cathie Wood: Spot ETFs will attract massive institutional inflows and drive Bitcoin prices soar
Odaily News Ark Invest CEO Cathie Wood said in an interview with CNBC: “We believe that if we and others (the Bitcoin spot ETF application) are approved by the US SEC, this will give institutional investors a green light. We have already worked with Quite a few of them have had conversations, and now that the SEC is effectively paving the way, theyre more interested.
When asked whether her company’s Bitcoin Spot ETF proposal would receive SEC approval, Cathie Wood responded: “We do think the likelihood of a Bitcoin Spot ETF being approved this week is very high. Because as we have said all along, The SEC started asking questions after many previous rejections, asking very good questions, very detailed questions, very technical questions; so, I think theyve asked all the questions they need applicants to answer, and I think most of us Probably all involved in this process.
Wood also believes that if a Bitcoin spot ETF is approved, it may not be the “sell-on-the-news” event that some predict. “Looking at our five-year investment horizon, we think the inflows into this new asset class, especially institutional money, will be considerable. It doesn’t take much institutional allocation to Bitcoin to convert what is becoming a scarce asset asset prices pushed up a lot.” (Bitcoin.com)
