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▌BlackRock’s spot Bitcoin ETF has been registered with DTCC, and the stock code is IBTC Bloomberg ETF analyst Eric Balchunas wrote that BlackRock’s spot Bitcoin ETF-iShares Bitcoin Trust-is listed on the DTCC (Depository Overseas Securities Corporation) website, and the stock code will be IBTC. It is reported that DTCC is the world's largest financial transaction back-end service organization and is responsible for processing Nasdaq transactions.  Eric Balchunas commented that IBTC was the first spot Bitcoin ETF to be listed on DTCC (there are no other ETFs yet) and BlackRock moved quickly on these preparations (capital injection, ticker, DTCC) as their approval was a sure/imminent signal that it was known. ▌U.S. SEC has accepted Grayscale’s spot Ethereum ETF filing A screenshot of the regulatory filing released by ETF Store Chairman Nate Geraci shows that the U.S. SEC has accepted Grayscale’s spot Ethereum ETF filing, which will mean the process of converting ETHE into an ETF. On October 2, Grayscale has reached the point where Michael Sonnenshein stated on the social platform that Grayscale applied to convert the Grayscale Ethereum Trust into an Ethereum spot ETF. The proposal was published, according to coinmarket Datacap: The recent transaction price of BTC was US$33,073.6, with an intraday increase or decrease of +7.08%. ； The recent transaction price of ETH was US$1,764.5, with an intraday increase or decrease of +5.22%.； BNB’s recent transaction price was $228.29, with an intraday increase or decrease of +4.22%.； XRP’s recent transaction price was $0.5475, with an intraday increase or decrease of +2.91%.； DOGE’s recent transaction price was US$0.0675, with an intraday increase or decrease of +5.39%.； ADA’s recent transaction price was US$0.2814, with an intraday increase or decrease of +6.34%.； SOL's recent transaction price was US$32.04, with an intraday increase or decrease of +10.05%. ▌The U.S. court officially ruled on the lawsuit between Grayscale and the SEC. The SEC needs to re-examine the ETF conversion application. According to public court documents, the U.S. Court of Appeals in Washington, D.C., officially ruled on Grayscale’s lawsuit against the SEC, upholding its August ruling that the U.S. Securities and Exchange Commission needs to reconsider Grayscale Investment’s application to convert its flagship GBTC fund into a spot Bitcoin ETF. The court did not issue any additional instructions to the SEC, and the ruling has officially taken effect, which means that the SEC may need to re-examine the conversion application for the spot Bitcoin ETF. ▌ZebPay CEO: International regulators can join forces to formulate “aggregated” DeFi regulations ZebPay leader Rahul Pagidipati said in an interview that proactively developing cryptocurrency-specific guidelines is a welcome agreement that will be key for the industry in the coming years. International crypto institutions with global influence can work with blockchain and cryptocurrency organizations to innovate by formulating DeF rules that will not have aggregating power. This ensures that common standards are achieved, clear and comprehensive guidance is developed, and appropriate laws are enforced. ▌ ETF Expert: All spot Bitcoin ETF applications may be approved at the same time Crypto ETF expert and chief investment officer of Volatility Equity Stuart Barton predicts that all spot Bitcoin exchange-traded funds (ETFs) submitted to the U.S. Securities and Exchange Commission (SEC) may apply for approval at the same time. In June, Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) became the first leveraged crypto ETF in the United States. Volatility Shares is also the first company to submit an application for an Ethereum futures ETF. “We applied first, but we didn’t get a first-mover advantage when all the applications were approved at once,” Barton said. This is a precedent-setting event that the SEC may follow when considering a spot Bitcoin ETF.” ▌California bill proposes capping crypto ATM withdrawals at $1,000 per day to combat scams California lawmakers have proposed a new bill called "Digital Financial Asset Trading Kiosks," which calls for funding to cap cryptocurrency ATM withdrawals at $1,000 per day, the bill said. Additionally, starting in 2025, the law will limit carrier fees to $5 or 15% (whichever is equivalent). If approved, the bill will take effect on January 1, 2024. According to Coin ATM Radar, there are more than 3,200 Bitcoin ATMs in California. ▌President of the Central Bank of Brazil: CBDC can speed up international transactions and improve efficiency, thus depleting the use of a common currency Roberto Campos Neto, president of Brazil’s central bank, told an industry panel that a CBDC could ultimately speed up and increase efficiency in international transactions, leading to the use of a common currency. He explained: If every country has a digital currency and can connect these currencies digitally in a fast and secure way, then the goal of having a common currency has actually been achieved without having to sacrifice monetary policy. In effect, countries can connect centralized systems to DLT systems as quickly as DLT to DLT. Therefore, the idea that cryptocurrencies will always be better and faster than systems connected to CBDC is no longer true ▌BTC wallet Zeus launches v0.8.0 public beta version, introducing features such as embedded nodes BTC wallet Zeus has announced the launch of v0.8.0 public beta version, which is available on both Android and iOS. The new version introduces a host of new features, including embedded nodes, LSP connections, and self-hosted Lightning addresses. ▌Lido: Simple DVT module has been deployed to the Holesky test network Liquidity staking protocol Lido stated on the X platform that Lido’s simple DVT module has been deployed to the Holesky test network and will soon start testing with Obol Labs and Obol Labs. Therefore, the simple DVT module aims to illustrate that using DVT on mainnet is possible, while further enabling the flexibility of the Lido node operator set on Ethereum, and laying the concrete foundation for DVT-based modules that add scalability and lossy permissions in the near future. ▌Bloomberg Analyst: BlackRock may have received the "green light" from the SEC to list ETFs” Asset management party BlackRock’s iShares Spot Bitcoin ETF has been listed on the Depository Trust & Trust Corporation of Singapore (DTCC) under the stock code IBTC and may be listed on the Nasdaq stock exchange. Bloomberg ETF analyst Eric Balchunas speculated on the We still believe that multiple publishers will be approved and launched at the same time, and we will revise this view if we hear any correct opinions. ▌BlackRock S1 filing hints at October spot Bitcoin ETF readying seed capital American financial lawyer Scott Johnsson said on the Additionally, BlackRock stated in the filing that it hopes to prepare seed capital for a Bitcoin spot ETF in October. Scott Johnson said it's earlier than he thought, but it's probably nothing. Bloomberg analyst Eric Balchunas (Eric Balchunas) explained that a seed ETF refers to a bank or dealer (usually) providing financing funds to purchase some financing targets (in this case, Bitcoin), which can be publicly exchanged for market-traded ETF contributions on the first day. The seed funds are usually not very large, as long as they are enough to allow the ETF to operate. ▌Most Uniswap DAO members oppose issuing Uniswap Visa debit card According to Snapshot data, more than half of Uniswap DAO members who voted in a temperature check vote opposed the issuance of Uniswap-branded Visa debit cards. Abdullah Umar, Uniswap representative and head of Michigan Blockchain Governance, said at the governance forum: “Voting against this proposal, while the idea is a solution, I don’t think the DAO has much say. This proposal cannot be passed unless the DAO obtains some kind of trademark license or white label authorization. ” Fiat24 hopes to make the Uniswap Visa card available in 27 countries across the EU and be compatible with Apple Pay and Google Pay, with temperature check voting ending on October 27. ▌FTX creditor lawyer: The goal is to let users get their locked funds back in July next year Lawyers representing FTX creditors are working hard to push the bankruptcy case to achieve the goal of returning 90% of funds to users. Lawyers must obtain 75% support by December 1 from 60 individuals and entities in the creditor group and investors who sign up as members in the coming weeks. Eversheds Sutherland lawyer Sarah Paul said if the settlement plan is approved by creditors, it will still need approval from the bankruptcy court. The ultimate goal is to emerge from bankruptcy around July 2024, at which point users will be able to withdraw funds that have been locked since last year. ▌Crypto market turnover in the past 24 hours was nearly $180 million, 75% of which were short positions The crypto market saw a surge in cryptocurrencies as BTC surged significantly above $31,000. CoinGlass data shows that the encryption market volume in the past 24 hours was nearly $180 million, 75% of which was short positions. Bitcoin futures contribute the largest portion to the cryptocurrency crypto market, with Ethereum second highest, followed by altcoins Chainlink (LINK) and Solana (SOL). ▌Report: Global Near-Southeast Asian Crypto Trading Activity from the U.S. and Canada A report released by Chainaanalysis shows that the United States and Canada contributed 24.4% of global trading activity in the past year. Crypto trading volume in the United States exceeded $1 trillion between July 2022 and June 2023, and the region, along with Canada, accounted for almost a quarter of global trading volume. Large institutional investors are the main driver of this activity, with 76.9% of deal value in the region consisting of transactions of $1 million or more. The report stated that North America still dominates global DeFi transaction volume, but due to regulatory reasons, the contribution of decentralized protocols to overall transaction volume has been declining over the past year. ▌Base Launches Builder Grants Program Builder Grants Layer 2 NetworkBase announces the launch of the Builder Grants Program Builder Grants are small grants for developers with early-stage ideas or initial prototypes to build in their spare time. Grants currently range from 1-5 ETH and may be followed up. The program aims to stimulate developer activity in the base ecosystem and make the base an ideal place for builders.  ▌BTC breaks through $34,000 The market situation shows that BTC exceeded US$34,000 and is now trading at US$34,015.7, with an intraday increase of 13.73%. The market has grown significantly. Please control your risks. ▌China Merchants Macro: U.S. fiscal costs make interest rate cuts an important option next year China Merchants Macro Research Report pointed out that U.S. officials predict that the U.S. fiscal deficit rate will not be less than 5% in the next 10 years. McCarthy's cancellation indicates a mandatory commitment to tighten finances in November, but rigid spending will reduce the deficit. Moreover, the Federal Reserve has suffered substantial losses and is unable to repay the interest, so the cost of fiscal interest has actually risen significantly. The government's combination of high inflation, high interest rates and high leverage has never appeared. This round of interest rate hikes has put unprecedented pressure on the U.S. fiscal budget. We retain estimates that the current interest rate level requires the United States to assume that it will no longer be lower than 5%. Even if it is no longer weak, such high fiscal costs may not be what the U.S. government wants. There is no hope of raising taxes before the election, and interest rate cuts will still become an important option in the future. |
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