US court officially rules in favor of Grayscale over SEC lawsuit
According to CoinDesk, the U.S. Court of Appeals for the District of Columbia Circuit officially ruled on the lawsuit between Grayscale and the SEC, requiring the SEC to reconsider its application to convert Grayscale's GBTC into a Bitcoin spot ETF. The SEC can now choose to approve Grayscale's application or reject it for other reasons. Grayscale spokesperson Jennifer Rosenthal issued a statement after the case closed on Monday, saying: "The Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC into an ETF. GBTC is operationally ready and plans to take action on behalf of investors as soon as possible."
The US SEC has accepted the filing of Grayscale’s Ethereum spot ETF
A screenshot of a U.S. SEC regulatory document shows that the SEC has accepted Grayscale's filing of changes to the listing and trading rules for the Ethereum Trust. According to previous news, on October 2, Grayscale Investments and NYSE Arca jointly applied to convert Grayscale's Ethereum Trust Fund (ETHE) into an Ethereum spot ETF.
Bloomberg analyst: BlackRock Bitcoin spot ETF has been listed on the US Securities Depository and Clearing Corporation (DTCC)
Eric Balchunas, senior ETF analyst at Bloomberg, tweeted that BlackRock's Bitcoin spot ETF has been listed on the Depository Trust & Clearing Corporation (DTCC) with the ticker IBTC. This is a step in the listing of Bitcoin spot ETFs. Eric Balchunas said that this is the first Bitcoin spot ETF to be listed on DTCC. According to previous news, BlackRock may start preparing seed funds for Bitcoin spot ETFs this month.
Polkadot parent company Parity Technologies lays off 30% of its staff
According to Bloomberg, Parity Technologies, the parent company of Polkadot, will lay off 30% of its employees, or about 100 employees. According to an email statement issued by Parity CEO Björn Wagner on Monday, the layoffs will affect teams including the marketing department, as Parity's focus will shift to the technology that supports Polkadot. According to previous news, earlier this month, a source said that Parity Technologies had laid off more than 300 people, but this was denied by Parity Technologies.
Blockchain subsidiary TBD and Circle set up non-profit foundation dedicated to decentralized identity and open payment standards
TBD, the Bitcoin-focused subsidiary of Jack Dorsey’s Block, announced on its official website that the company and Circle Internet Financial (Circle) today announced a new program focused on accelerating the open source adoption of decentralized identities, credentials, digital wallet domains, and open payment standards. The program will be launched in collaboration with the Linux Foundation.
Together, they intend to use their scale, technology, and operational capabilities to form a non-profit foundation dedicated to the creation, dissemination, and widespread adoption of decentralized identity and credential standards, as well as open payment applications supported by payment stablecoins such as USDC, and will also work to simplify and create universal domain name conventions to make it easier to use today's wallet addresses. The compliance and foundational trust framework will leverage open standards from the World Wide Web Consortium W3C, the Internet Engineering Task Force (IETF), the Decentralized Identity Foundation (DIF), and the OpenID Foundation (OIDF).
Foundation members will work together to contribute and promote open source standards, including technical specifications, open source software, and reference implementations, with a focus on identity and credential standards and open source liquidity protocols for building trust.
Data: Coinbase Bitcoin premium increased significantly, and the premium index once exceeded 0.45
CryptoQuant data shows that the Coinbase Bitcoin premium has increased significantly, and the premium index once exceeded 0.45. The higher the premium, the greater the spot buying pressure from Coinbase. At the same time, the price of Bitcoin once broke through $34,000 and is currently at $33,427.58, up 10.6% in 24 hours.
6.9 trillion PEPEs were transferred to the black hole address and destroyed, worth about $6.75 million
The data on the chain shows that 25 minutes ago, 6.9 trillion PEPE were transferred to the black hole address and destroyed, and the current value is about 6.75 million US dollars. In addition, the market shows that PEPE has increased by 22.3% in one hour and 30.9% in 24 hours.
In the past 4 hours, the entire network has liquidated $195 million, of which short positions have liquidated $163 million
According to Coinglass data, the total liquidation of the entire network in the past 4 hours was $195 million, of which long orders were $32.3778 million and short orders were $163 million. In terms of currency, BTC liquidated $126 million, ETH liquidated $22.2443 million, and SOL liquidated $5.0420 million in the past 4 hours.
Data: OKX accounts for nearly 50% of BTC spot trading volume during this period of market upswing
Kaiko researcher Riyad Carey said on the X platform that during this period of market rally, among the five major exchanges, Binance, Coinbase, Bybit, OKX, and Kraken, OKX accounted for nearly 50% of BTC spot trading volume.
Two newly created addresses have accumulated a total of 39,450 ETH from Coinbase in the past 8 hours, equivalent to approximately US$67.88 million
According to The Data Nerd, two newly created addresses starting with 0x06f and 0xb07 have accumulated a total of 39,450 ETH from Coinbase in the past 8 hours, worth approximately US$67.88 million.
