● The number of Binance global users exceeds 170 million
Binance CEO Richard Teng posted on the X platform that the number of Binance global users has exceeded 170 million.
● Grayscale files a revised S-3 document with the SEC aiming to convert GBTC into a Bitcoin spot ETF
According to PANews, Bloomberg analyst James Seyffart posted on X that according to public documents, Grayscale once again submitted a revised S-3 document to the SEC today, aiming to convert GBTC into a Bitcoin spot ETF. Analysts noted that Grayscale has compromised and is accepting the SEC’s “cash-only creation/redemption of shares” requirement.
● Hashdex once again discusses Bitcoin spot ETF with SEC
According to PANews, Bloomberg analyst James Seyffart said at X that Hashdex will meet with the U.S. Securities and Exchange Commission (SEC) again on December 27 to discuss a Bitcoin spot ETF. Notably, this meeting was with staff from the SEC Chairman’s Office (Gary Gensler’s office), rather than most previous meetings with the “Trading and Markets” or “Corporate Finance” divisions.
● Bitcoin market value enters the top 15 global currencies
According to analysis by Bitcoin credit card company Bold, as of December, Bitcoin has successfully ranked among the top 15 currencies in the world and has become the only cryptocurrency among the top 20 currencies in the world. According to data from CEIC and CoinGecko, as of November 19, Bitcoin’s market capitalization has reached $732.5 billion.
At the same time, the Indian rupee ranks second in the world with an M1 money supply of $693.1 billion. In November, Bitcoin was second only to the Swiss franc, which had an M1 money supply of $749.1 billion, according to CEIC data.
● Data: Various ETFs and Grayscale trusts hold 793,034 BTC, accounting for 3.8% of the total Bitcoin issuance.
According to Planet Daily, CoinGecko posted on the
● ETFGI report: Globally listed crypto ETFs have attracted $1.6 billion in net inflows year to date
Golden Finance reported that a report from ETF research company ETFGI showed that globally listed crypto ETFs have attracted a net inflow of US$1.6 billion so far this year, including an increase of US$1.31 billion in November alone. This total investment is nearly double the $750 million in net cryptocurrency ETP inflows in 2022. Among the 150 cryptocurrency funds, the top 20 ETFs attracted the largest investment volume, with a total of $1.3 billion in inflows in 2023.
The ProShares Bitcoin Strategy ETF (BITO), launched during the cryptocurrency bull run in October 2021, witnessed the largest individual inflows, receiving an additional $278.7 million in inflows in 2023.
● Sleepless AI’s token economics and roadmap announced, with the project’s latest valuation of US$200 million
According to a research report released by Binance Research on the Web3+AI companion game platform Sleepless AI (AI), the project has raised US$3.7 million through three rounds of private token sales and has sold 7.6% of the total supply of AI tokens. The latest valuation was US$200 million. As of December 26, 2023, the total supply of AI tokens is 1,000,000,000, with a post-listing circulating supply of 130,000,000 (approximately 13% of the total token supply). Regarding its token sale and economics, 7.00% of the total token supply is allocated to the Binance Launchpool, 1.00% to the initial airdrop, 18.00% to investors, 18.00% to the project team, and 29.00% to the short-term growth fund ;27.00% allocated to Long-term Treasury Funds (non-negotiable).
According to previous news, Binance New Coin Mining launched the 42nd phase of the project, using BNB, FDUSD, and TUSD to mine Sleepless AI (AI).
● Hong Kong Securities and Futures Commission: For public fund products with virtual assets accounting for more than 10%, the management agency must apply
According to PANews, the Hong Kong Securities and Futures Commission recently issued regulations that set strict conditions for management companies, investment strategies and custody institutions of public fund products that hold more than 10% of virtual assets. The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority also issued a notice on the virtual asset-related activities of intermediaries and are ready to accept applications for fund recognition, including virtual asset spot ETFs. In addition, companies that manage virtual asset funds must have good compliance records and relevant experience. Virtual asset funds can only invest in assets on licensed platforms in Hong Kong and must follow strict investment strategies and custody requirements. Sales agencies must also Customers conduct virtual asset knowledge assessment.
