If you don’t pay attention to industry news during trading, you may miss important market dynamics and lose profitable trading opportunities. At the same time, not understanding the latest market risks may cause you to suffer significant losses in certain assets or markets. In short, without timely industry news as a reference, trading decisions may lack sufficient basis, thereby increasing investment risks. Here is a summary of today’s hot spots:
BlackRock seeks to launch Ethereum spot ETF, submits S-1 form to SEC BlackRock has submitted an application for an Ethereum spot ETF to the U.S. Securities and Exchange Commission (SEC). The ETF, called "iShares Ethereum Trust", aims to reflect the price performance of Ethereum. The move came shortly after BlackRock registered a corporate entity of the same name in Delaware, USA. In addition, BlackRock had previously applied for a Bitcoin spot ETF, which attracted market attention.
WisdomTree updates Bitcoin spot ETF application and submits revised prospectus WisdomTree has submitted a revised prospectus (S-1 filing) for its spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC). This indicates that the company continues to advance its plans to issue a Bitcoin ETF product.
Aave changes its name to Avara and acquires Web3 startup Los Feliz Engineering Blockchain technology company Aave Companies has changed its name to Avara, becoming the parent company of brands such as Aave, Lens, stablecoin GHO, Sonar, etc. At the same time, Avara acquired Los Feliz Engineering, a Web3 startup in Los Angeles, which is its second acquisition after the acquisition of the metaverse mobile application Sonar in 2022.
CoinShares Receives Exclusive Option to Possibly Acquire Valkyrie Funds CoinShares International, a digital asset investment firm, announced that it has received an exclusive option to acquire Valkyrie Funds LLC from Valkyrie Investments Inc. Valkyrie Funds LLC is a US digital asset manager focused on actively managed cryptocurrency exchange-traded funds. CoinShares has also entered into a brand licensing agreement for Valkyrie products, specifically its pending Bitcoin spot ETF. Valkyrie will continue to operate as an independent entity until CoinShares decides to exercise its option.
Strike launches the ability to buy Bitcoin with debit cards in 36 countries Bitcoin payment app Strike announced that it has provided global users with the ability to buy Bitcoin with debit cards, which is now available in 36 countries. In addition, its Send Globally channel allows users to exchange fiat currency, USDT or Bitcoin for local currency, which is supported in 12 countries. Strike has also partnered with Bitrefill to allow users to purchase daily necessities through the Lightning Network.
Anchorage Digital Launches New Custody and Trading Accounts for Registered Investment Advisors Anchorage Digital, a federally chartered cryptocurrency bank in the United States, has launched custody and trading separately managed accounts (SMAs) for registered investment advisors (RIAs). These accounts provide custody and settlement services with a focus on security and compliance. Anchorage has partnered with Eaglebrook Advisors and Onramp Invest to launch these accounts, marking another important collaboration in the crypto space.
Pyth Network announced that retroactive airdrop will be open on November 20th. Pyth Network announced that its retroactive airdrop will be open at 22:00 (UTC+8) on November 20th, and the validity period for collection is 90 days. This airdrop plan is aimed at community members who contribute to the oracle network, DApps that use Pyth data and their users. The number of eligible wallets exceeds 75,000.
SEC asks Musk to testify on $44 billion acquisition of Twitter The U.S. Securities and Exchange Commission (SEC) has asked Elon Musk to testify on its $44 billion acquisition of social media giant Twitter. The SEC is investigating Musk's purchase of Twitter stock and related statements. Musk refused to participate in the investigative interview in September. The SEC said it has the right to seek testimony and documents in the investigation.
Coinbase Commerce Launches New Open Source On-Chain Payment Protocol Coinbase announced the development of a new open source "on-chain payment protocol" to improve its business application program interface Coinbase Commerce. The protocol currently supports the Ethereum, Polygon and Base blockchain ecosystems, and plans to support more networks soon. It provides instant settlement, low fees and a wide range of asset support, aiming to improve the payment experience for merchants and their customers. Since its launch in 2018, Coinbase Commerce has helped thousands of merchants around the world receive billions of dollars in on-chain payments.
Chainflip announces mainnet launch, FLIP tokens to be issued soon Chainflip, a cross-chain DEX project, announced that its mainnet has been launched and is in idle state, and the first batch of Genesis validators have begun to access. Chainflip plans to conduct a FLIP token generation event (TGE) at 20:00 Beijing time on November 23. Coinlist will be used for token distribution for community sale participants, while the Oxen Foundation will handle the distribution of SN operator airdrops. Chainflip Labs will distribute tokens directly to investors and their vesting contracts, service providers, and others who deserve FLIP.
Three Arrows Capital co-founder Kyle Davies appears in Bali, continues to evade investigation Three Arrows Capital co-founder Kyle Davies has been spotted in Bali, continuing to evade charges over the collapse of Three Arrows Capital. Davies was embroiled in bankruptcy proceedings following the collapse of Three Arrows Capital in 2022 and was sentenced to four months in jail in Singapore for failing to cooperate with the investigation. Photos provided by an anonymous source show Davies with an unidentified woman at the Milk and Madu cafe in Canggu, Bali on November 8. Davies renounced his U.S. citizenship after marrying a Singaporean citizen and became a Singaporean citizen, successfully evading U.S. contempt charges over his bankruptcy case.
LooksRare launches a one-month "zero-fee sale of NFTs" campaign NFT market LooksRare announced the launch of a 30-day "zero-fee sale of NFTs" campaign. During this period, the LooksRare V2 market and LooksRare Seaport will waive all protocol fees. The promotion will end at 21:00 on December 16, 2023, Beijing time, and aims to attract more users to participate in NFT transactions.
. Jennifer Hicks, an executive at Binance who oversees counter-terrorism finance, has resigned Jennifer Hicks, an executive at Binance responsible for counter-terrorism finance, has resigned. Hicks was previously a cybercrime investigator at Chainalysis and also served in the U.S. Navy. She joined Binance at the end of 2021 and posted on LinkedIn that she had been promoted to Binance's "first-ever" counter-terrorism finance advisor. This year, several Binance executives have resigned, including the head of product, chief business officer, general counsel, and head of the Asia-Pacific region.
Binance plans to launch KAS 1-50x U-margin perpetual contract Binance announced that it will launch KAS 1-50x U-margin perpetual contract at 10:00 (ET on November 17, 2023). When the KASUSDT perpetual contract is launched, its funding rate will be capped at +2.00% / -2.00%, and funding will be settled every four hours.
CFTC Commissioner Says Cryptocurrency Management Rules May Be Released in the Next Weeks U.S. Commodity Futures Trading Commission (CFTC) Commissioners Christy Goldsmith Romero and Kristin Johnson urged the agency to issue rules or guidance in the cryptocurrency space to address conflicts of interest and protect consumers. Johnson said at a conference at the Federal Reserve Bank of Atlanta that the collapse of FTX, Binance, Celsius and Voyager demonstrated the need to segregate customer deposits to protect crypto assets. The CFTC plans to "immediately develop regulations regarding asset custody" and may issue relevant rules in the coming weeks.
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