【Data Intelligence】
Since June 1, ARK Fund has sold nearly 90,000 shares of GBTC
According to the holding data of ARK Ark Fund, since June 1, ARK Fund has sold a total of 89,986 shares of Grayscale GBTC. Jinse Finance previously reported that Grayscale hired the former U.S. Deputy Attorney General as legal counsel to promote the conversion of its GBTC into an ETF.
The probability of the Fed raising interest rates by 75 basis points in July is 96.9%
June 24 news, according to CME "Fed Watch": The probability of the Fed raising interest rates by 50 basis points in July is 3.1%, and the probability of raising interest rates by 75 basis points is 96.9%.
【 Regulatory News 】
Spanish Finance Ministry Considers New Crypto Tax Model
According to news on June 23, the Spanish Ministry of Finance is reviewing a new cryptocurrency tax model that will include reporting cryptocurrency holdings and the value of cryptocurrencies in euros to tax authorities. This differs from the existing model where cryptocurrency holders only report cryptocurrency trading profits, increasing the possibility of its application to cryptocurrency exchanges and custody companies. However, there is no reporting obligation if cryptocurrency holdings are less than 50,000 euros ($52,854).
【Industry Trends】
Binance forms a partnership with Ronaldo to issue a series of NFT collectibles
On June 23, Binance announced that it has established a multi-year exclusive partnership with Portuguese star Cristiano Ronaldo (C Ronaldo), and will issue a series of NFT collectibles on the Binance NFT platform. Iconic design.
Coinbase to Launch First Crypto Derivatives Product for Retail Traders
Coinbase Derivatives Exchange is launching its first crypto derivatives product this month, hoping to attract more retail traders. Coinbase will launch its first cryptocurrency derivative, Nano Bitcoin Futures (BIT), on June 27 on CFTC-regulated futures exchange Coinbase Derivatives (formerly FairX), according to a statement. “The global crypto derivatives market is $3 trillion in size and additional product development and accessibility will unlock significant growth,” the statement said. Earlier this year, Coinbase acquired FairX to launch crypto derivatives products. After receiving regulatory approval in late 2020, FairX launched its futures trading platform in May 2021. Coinbase said it is also awaiting regulatory approval for its Futures Commission Merchant (FCM) license to offer clients margin futures contracts.
TS Imagine Partners with Coinbase Prime to Offer Institutional Clients Access to Regulated Crypto Trading
Risk management solutions company TS Imagine has successfully entered into a partnership with Coinbase Prime to provide institutional clients with fully regulated access to cryptocurrency trading. TS Imagine clients can now connect to Coinbase Prime through TradeSmart, the full asset execution and order management system, and use the full range of crypto trading capabilities native to the TradeSmart platform. Additionally, institutional clients gain significant efficiencies by managing trades and investments in crypto and any other asset class within TS Imagine's SaaS platform.
Northern Trust Announces Formation of Digital Assets and Finance Group
Northern Trust has announced the formation of a Digital Assets and Finance Group, which will be led by current global head Justin Chapman, market advocacy innovation and research. The new team combines those responsible for supporting the rapidly growing digital asset market with those dedicated to providing market access and insight across traditional securities services markets. Pete Cherecwich, president of asset services at Northern Trust, said clients are increasingly interested in the development of digital markets and investing in digital assets, as well as allocations to more traditional asset classes such as equities, fixed income, alternative and private assets. Rather than creating separate lines of business, bringing together our focus on digital and traditional markets, we can continue to develop services and capabilities that truly reflect and support our clients' evolving investment strategies.
SIX Digital Exchange Launches SDX Web3 Service
SIX Digital Exchange (SDX) has designed a series of products SDX Web3 service for institutional customers. SDX Web3 service is aimed at the institutional customer base and will initially focus on the most prominent applications of Web3: cryptocurrency, NFT and other asset tokens. SDX Web3 services provide institutional clients with fully secure digital asset custody services. Starting with key cryptocurrencies and expanding to other classes of tokens, these services include key storage, transaction execution and monitoring of bank-level compliance standards, automated reporting and blockchain management.
Solana Labs will launch web3 mobile phone Saga and set up a USD 10 million ecological fund
Anatoly Yakovenko, CEO of Solana Labs, announced at an event in New York City that his team is developing a new Android phone, Saga, a device focused on Web3 that will include a Web3 dapp store, integrated "Solana Pay" to facilitate two-based QR code for on-chain payments, a mobile wallet adapter, and a "seed vault" (to store private keys). Anatoly Yakovenko said it will cost around $1,000 and deliveries are scheduled to begin in early 2023. Additionally, the Solana Foundation has pledged $10 million to incentivize developers to build applications utilizing its Solana Mobile Stack (SMS).
【Elite Viewpoint】
U.S. OCC Acting Comptroller: Encrypted Market Turmoil Strengthens Regulatory Caution
Michael Hsu, acting director of the U.S. Office of the Comptroller of the Currency(OCC), said on a conference call that the recent turmoil in the crypto market has reinforced regulatory caution. The OCC released its semi-annual risk outlook on Thursday, which again highlighted digital assets as an area that could pose a danger to lending platforms. Hsu noted that the agency has been closely monitoring conditions in the industry, including the sudden collapse of TerraUSD, earlier OCC guidance directing banks to seek approval from the agency before launching new crypto activities, and that his agency will continue to pursue "adoption for cryptocurrencies." prudent and prudent approach".
Powell: The era of regulation of stablecoins and digital financial markets has arrived
According to news on June 23, Federal Reserve Chairman Powell said: The era of regulation of stablecoins and digital financial markets has arrived, and it is important to complete this matter as soon as possible. If there is a digital dollar, it needs to be issued by the Federal Reserve. Anything that involves payment, the Federal Reserve should participate in the supervision. We do not want the privately issued stable currency to become a digital dollar. Not sure if we need a digital dollar right now.
【What to watch today】
The cross-chain bridge Horizon between Ethereum and Harmony was attacked, and the loss amounted to about 100 million US dollars
According to news on June 24, Horizon, an asset cross-chain bridge between Ethereum and Harmony developed by Layer1 public chain Harmony, was attacked, and the loss amounted to about 100 million US dollars. Harmony said that it has cooperated with relevant departments and experts to track down the attackers and recover the stolen assets. In addition, Harmony said that the trustless Bitcoin cross-chain bridge has not been affected, and the exchange has been notified and the Horizon cross-chain bridge has been suspended. The attacker's address is 0x0d043128146654C7683Fbf30ac98D7B2285DeD00.
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All the latest information
South Korea faces pressure to approve crypto ETFs following US SEC's Ethereum ETF approval, amid growing interest in cryptocurrencies. The country's cautious stance contrasts with its vibrant crypto market, driven by increasing investor participation and altcoin trading preferences.
WeatherlyGoogle's AI Overviews feature, aimed at simplifying search results with quick summaries, faced criticism for providing inaccurate and misleading information, highlighting challenges in AI accuracy and contextual understanding. Google pledged swift action to address concerns and enhance reliability, emphasizing the importance of rigorous testing and ethical deployment of generative AI technologies.
AnaisCaitlyn Jenner has acknowledged her association with meme coin adviser Sahil Arora, whom she claims “scammed” her. Despite this, she remains committed to investing in and promoting the JENNER token.
KikyoCryptocurrency owner Michael regained access to his forgotten Bitcoin wallet with current value amounting to millions after hackers used educated guesses and a stroke of luck to recover his password. Meanwhile, growing concerns over online fraud prompt banks like Kroo to ban cryptocurrency transactions, emphasising the need for caution in the volatile crypto market.
WeatherlyNFTs were deemed nearly obsolete after the initial crypto market frenzy subsided. At their zenith, NFTs fetched tens of millions of dollars. However, a study revealed that the trading volume in the NFT market had dropped.
CatherineA viral story in Chinese social media tells of a man who discovered the 4000 bitcoins his father bought in 2015, now valued at over 2 billion RMB.
AlexRussia and Brazil use cryptocurrency for payments to China, while a Hong Kong exchange license applicant with mainland ties withdraws. A prominent Chinese airdrop studio is robbed, and former largest crypto exchange Mt. Gox moves significant funds. Bitcoin decouples from gold, increasing its correlation with tech stocks.
MiyukiCrypto user Michael lost the wallet password for 43.6 bitcoins stored in 2013, then worth only $5,300, now nearly $3 million. With the help of hardware hacker Joe Grand and his friend Bruno, they discovered an exploitable vulnerability and successfully cracked the password.
WeiliangIggy Azalea joins a growing list of celebrities linked to alleged serial scammer Sahil Arora, as a project bearing her name nets $300,000 in its presale.
KikyoAptos blockchain experienced a massive surge in transaction volume, driven primarily by the "tap-to-earn" game Tapos Cat, which generated over 115 million transactions in a day. While this showcased Aptos' scalability, questions arise about its sustainability and the need to expand beyond clicker games to foster genuine utility and long-term growth.
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