🔷 Sources told TheBlock that issuers of ETH ETFs are working on “light and acceptable” SEC comments
Issuers received feedback from the Commission last week asking them to submit updated S-1s by this Friday.
“I suspect you'll see companies filing pretty quickly this week, and then we'll see how many more rounds of comments there are,” one source told TheBlock
Analyst Eric Balchunas previously predicted that S-1 forms would be approved by July 2, and then the funds' shares would appear on stock exchanges
🦊 Consensys, the developer of MetaMask, announced the closure of the investigation against it initiated by the SEC
In April of this year, the SEC issued a Wells Notice to the software developer and began preparing charges of violating securities laws, citing MetaMask's built-in ETH staking and exchange service, where the wallet charges a 0.875% fee.
In response, Consensys, without waiting for the Commission's lawsuit, was the first to sue the Agency, claiming that the SEC had repeatedly recognized ETH as a commodity. This was confirmed in 2018, when the former SEC Chairman made a statement, and in 2021, when the CFTC approved futures contracts for ETH, which brought it under the jurisdiction of the CFTC
However, almost a month ago, the SEC approved the listing of eight ETH-based ETFs on exchanges, and today it informed Consensys that it will not take any action against the company, which can be interpreted as recognition of ETH as a commodity, which means the coin is under control CFTC
👍 I wonder if Gary Gensler will stop being a fuss now
In turn, the company intends to seek a court decision that will clarify the regulatory status of cryptocurrencies, in particular, confirm that swaps do not violate securities laws [Uniswap has a similar lawsuit with the Commission]
🎁 LayerZero has opened a website where you can check the possibility of receiving ZRO
Users who participated in testing the operation of the smart contracts of the protocol and made transactions on it can find out how many tokens they can claim by checking the EVM and Aptos address
Tomorrow, airdrop tokens will be sent to addresses, and listing and trading on exchanges will begin at 12:00 UTC
🤑 Binance announced the launch of an exclusive “HODLer” airdrop for BNB holders
Users who lock their BNB in the Simple Earn program will receive an airdrop from projects whose tokens have a high circulating supply and are planning to list on Binance
Clients will be able to simultaneously receive interest from Simple Earn and participate in Launchpool
Large proposal circulating, planning to list on Binance – what comes to mind?
Although I am not a fan of TON, I immediately thought of it, because this coin is not yet traded on Binance. If not for the following, my assumption would seem even more likely ⬇️
“We are taking the initiative to attract small and medium-sized projects with strong fundamentals, high turnover and strong and organic communities,” the exchange said in the announcement
TON can hardly be called an average project if it wasn’t such banter
💩 Since March of this year, the 115 largest altcoins have lost an average of 50%
Despite the fact that BTC fell only 11% during this period, and ETH – 13%, altcoins suffered the most and without a new influx of capital the situation could become very sad
While Bitcoin already made a new high in March, most altcoins are not even close to 1/3 of their value in 2021
Unlike 2021, when money poured into literally every shitcoin, now many capitalists prioritize AI, which reduces interest in altcoins
🪙 In short:
🇺🇸 Yesterday, the outflow from American BTC ETFs amounted to $152 million; over the past 4 days, they withdrew $714 million; trading volume was $1.68 billion, of which $936 million came from IBIT, although it did not register any flow, suggesting there was no significant difference between supply and demand
🇭🇰 Hong Kong ETFs – zero, total trading volume of six funds amounted to $4.49 million
🇦🇺 But another one was added to the Australian IBTC... $168 thousand.
The fund currently manages as much as 53 BTC
