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Showing posts with the label china crypto news

WuBlockchain Weekly: Unexpected Approval of Ethereum Spot ETF: Potential Impacts and Top10 News

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1. SEC Approves BlackRock and Fidelity’s Eight Ethereum ETFs on Thursday link Ethereum Spot ETF Receives SEC Approval, ETH Recognized as a Commodity On Thursday evening Eastern Time, the U.S. Securities and Exchange Commission (SEC) disclosed that it has approved Form 19b-4 filings for eight issuers of Ethereum ETFs, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. Although ETF issuers still need to have their S-1 registration statements become effective before trading can commence, it is currently unclear how long this process will take. Some analysts speculate it could take several weeks. In the meantime, VanEck has promptly submitted a revised S-1 application for its spot Ethereum ETF. BlackRock’s spot Ethereum ETF has already been listed on the DTCC website with the ticker symbol ETHA. Consensys remarked that Thursday’s approval indicates that the SEC regards ETH as a commodity rather than a security, contrasting with its previ...

Asia's weekly TOP10 crypto news (Jan 16 to Jan 22)

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Author:Lily Editor:Colin Wu 1. Korbit requires employees’ families to report their Korbit accounts to the company link On the 16th, the Korean exchange Korbit announced that it will monitor the Korbit accounts of executives and employees’ family members to strengthen internal control standards and avoid improper transactions and conflicts of interest. 2. Upbit to support SHIB’s fiat transactions and GAL’s BTC transactions link South Korea’s largest exchange, Upbit, will support SHIB’s fiat transactions and GAL’s BTC transactions; it only supports deposits from the ERC-20 network, and does not support deposits through other networks such as BNBChain. 3. South Korea to allow Security Token Offerings (STO) link The South Korean government stated that it will allow the issuance of security tokens (STO) and establish a safe token circulation system. The regulations including the issuance and circulation of STO will be announced early next month. 4. Curve Finance announces addition of Ch...

Weekly project updates: Solana Meme BONK trading volume climbs, popular tokens' large unlock in January, etc

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1. Solana’s weekly summary a. 21.3M SOL will be unlock ed in 2023, accounting for 4% of total supply link According to Solana Comapss, 21.3 million SOL (about $214 million) will be unlock ed in 2023, accounting for 4% of the total supply. Of these, 1,816,357 SOL will be unlock ed on Jan. 7. b. Huobi will list BONK (Bonk) on January 3, 2023 link Huobi is scheduled to list BONK (Bonk) on January 3, 2023. The BONK spot trading (BONK/USDD) will open when the deposit volume meets the demand of market trading. BONK is a new meme coin on Solana with a total supply of 100 trillion. c. Solana Meme BONK has recently become popular, with trading volume climbing link Solana Meme token BONK relies on the airdrop to Solana NFT, anti-”Alameda” and the revival of Solana DEX culture to sweep the community. BONK is the Token with the highest trading volume in the Solana ecosystem after USDC and SOL in the past 24h. Huobi also announced the listing. However, the top 20 holders of BONK accounted for a...