Bitcoin spot ETFs have a 90% chance of being approved by January 2024Bloomberg analysts say the approval of spot Bitcoin exchange traded funds (ETFs) is almost certain. They believe there is a 90% chance of obtaining approval before January 10, 2024
Bitcoin spot ETFs have a 90% chance of being approved by January 2024
Bloomberg analysts say the approval of spot Bitcoin exchange traded funds (ETFs) is almost certain. They believe there is a 90% chance of obtaining approval before January 10, 2024.
Bloomberg analysts James Safat and Eric Barkunas stated that communication between fund managers and the Securities and Exchange Commission (SEC) regarding spot Bitcoin ETFs has become more active.
The recently updated spot Bitcoin ETF prospectus from Ark and 21Shares has added at least five pages of new text, indicating that the dialogue with the SEC is constructive, which usually only occurs when the fund is about to be approved
Reuters reported on Friday that the SEC has decided not to appeal the August court ruling, which stated that its rejection of Grayscale's ETF proposal was "arbitrary and arbitrary". Bloomberg reported on Saturday that the dialogue between Grayscale and the SEC will begin after the SEC decides not to appeal.
The FTX address has pledged 5.5 million $SOL and 24000 $ETH, with an estimated annual revenue of over 9 million US dollars
On chain data shows that the address marked as FTX bankruptcy property has recently pledged over 5.5 million $SOLs (approximately $122 million at current prices) and over 24000 $ETHs (approximately $30 million at current prices).
According to CoinDesk, based on the current annualized proceeds from pledges, these $SOLs will generate over $8 million in revenue annually, while $ETH will generate approximately $1 million in revenue.
Last month, a judge from the US bankruptcy court approved a motion proposed by FTX to allow the exchange to sell, pledge, and hedge its holdings of cryptocurrency assets to repay creditors. At that time, FTX held a total value of approximately $3.4 billion in cryptocurrencies, including $1.16 billion in SOL, $560 million in BTC, $192 million in ETH, and $119 million in XRP.
Solana Becomes an Ecological Partner in the Dubai Free Economic Zone
According to Cointelgraph, the Solana Foundation has announced that it has become one of the ecological partners of the Dubai Multi Commodity Center (DMCC) in the United Arab Emirates, which is one of the three free economic zones in the UAE.
Solana will provide technical and business development support for members of the DMCC encryption center. The company will also provide webinars and educational courses on various Web3 topics, and continue to carry out existing grant projects at DMCC.
The ecological partner list of DMCC also includes multiple entities such as cryptocurrency exchange Bybit, digital asset market maker DWFLabs, Web3 incubator TDeFi, and venture capital fund Brinc. The total number of members of the center is officially 23000 companies.
The report states that the US government is one of the largest Bitcoin holders, holding over $5 billion in BTC
The US government has become one of the largest holders of Bitcoin, with an estimated value of over $5 billion. This estimate is based on three major confiscation actions related to Bitfinex hacking attacks and SilkRoad, which means the actual holdings may be larger. According to data analysis from public documents, encryption company 21. Co estimates that the US government still holds approximately $5.3 billion worth of 194188BTC. These bitcoins are mainly stored in encrypted storage devices called hardware wallets, stored offline, and managed by the Ministry of Justice and the Internal Revenue Service.
Confiscated assets do not immediately belong to the government. The US Marshal Service, as the main agency responsible for selling confiscated property, only obtains ownership of confiscated Bitcoin after a clear confiscation judgment is issued by the court. The US government will also sell some confiscated Bitcoin through the auction system from time to time, in accordance with court liquidation orders.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
