Coin circle news focus:

  • The Ethereum futures ETF was launched in the United States for the first time, and the currency price actually fell back.

  • US government avoids shutdown, crisis extended to mid-November

  • SEC delays review of multiple Bitcoin spot ETF applications, results announced in 2024

The currency circle boss said this:

  • ionicXBT: "Three steps to the secret of getting rich in the bull market!"

Critical hit chance this week:

  • Brother Nao x Mr.P "Coin Crazy Hong Kong" Project | Limited Time Benefits 🌊

  • "Lian Xi Birthday" community feedback: Treat me to a big ice cream ☕

Prices of Bitcoin and other cryptocurrencies | CoinGecko Top 100 Cryptocurrencies (2023.10.02 AM 08:00 ~ 2023.10.03 AM 08:00

Coin News Focus

The Ethereum futures ETF was launched in the United States for the first time, and the currency price actually fell back.

Nine Ethereum futures ETFs were listed for the first time in the United States, and well-known crypto asset managers such as ProShares, VanEck, and Bitwise were all absent. However, since trading opened yesterday, the popularity has not been as good as expected. As of 11:25 a.m. ET, total trading volume was less than $2 million. Compared with the nearly $1 billion in trading volume on the first day of the first Bitcoin futures ETF in 2021, the market response to the Ethereum futures ETF was relatively muted.

Analysts said that investors may be waiting for spot ETFs that directly track cryptocurrency prices, and that the SEC will still not formally approve them until 2024. Ethereum was trading at $1,660 at press time, down 3.9% in the past 24 hours and up 4.7% in the past seven days.

Ethereum price trend over the past 7 days

 

Silvergate Bank's involvement in cryptocurrency encounters difficulties, Fed says supervision is inadequate

Recently, the U.S. Federal Reserve's Office of Inspection, OIG, conducted an in-depth investigation into the bankruptcy of cryptocurrency-friendly bank Silvergate, and concluded in the report that OIG's inspectors failed to detect its problems in time and that supervision was not implemented well.

According to the Fed report, OIG inspectors did not warn Silvergate Bank about its transition from a regional lender to a cryptocurrency-focused bank. This transition should have required a different type of registration and supervision should have been more proactive and decisive. related measures. The report ultimately emphasized the importance of early implementation of current U.S. cryptocurrency-related regulations and stated that the Fed would issue relevant guidelines as soon as possible to prevent similar incidents from happening again.

 

Chainlink, the leading oracle project, recently announced the launch of a new product "Data Streams" and conducted early testing on the Ethereum Layer 2 project Arbitrum.

"Data Streaming" is designed to combine low-latency market data and automated execution to unlock a new generation of high-speed, user-friendly derivatives product trading. According to Chainlink founder Sergey Nazarov, data streaming will enable DeFi protocols to support execution speeds and user experiences comparable to centralized exchanges without affecting the core decentralized value of Web3.

However, the price performance of its native token LINK currency is relatively pessimistic. The price of LINK currency was reported at US$7.43 before the deadline. The price fell by 7.8% in the past 24 hours and by 0.6% in the past seven days.

LINK coin price trend in the past 7 days

 

Other currency news

  • Coinbase, the largest cryptocurrency exchange in the United States, has frequently received good news regarding its international strategy and has received a payment license from the Monetary Authority of Singapore.

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