Matrixport: DeFi’s total TVL recently increased to $108 billion, a new high since May 2021 | Binance Morning Report (May 28)

● Matrixport: DeFi’s total TVL recently increased to $108 billion, a new high since May 2021

According to Odaily Planet Daily, Matrixport posted on the X platform that although DeFi has been lagging behind in this bull market, after a short period of consolidation, the total TVL has recently increased to US$108 billion, reaching the highest level since the Luna/Terra crash in May 2021. As Ethereum spot ETFs are likely to be unable to provide staking income, the relevant TVL has increased by US$17 billion in the past week, of which Lido has benefited the most. Overall, this is good news for Ethereum.

● The ETF Store President expects the SEC to approve the spot Ethereum ETF S-1 within a few weeks

According to BlockBeats, on May 28, Nate Geraci, president of The ETF Store, wrote, “No one knows exactly when the U.S. SEC will approve the spot Ethereum ETF S-1 (registration statement), but I expect it to be approved in the next few weeks. 2 to 3 months at most. Now it’s just a matter of how long the SEC wants to delay.”

● Global Bitcoin ETFs hold more than 1 million Bitcoins, with US ETFs leading the way

According to Odaily Planet Daily, according to data from Bold.report, all Bitcoin exchange-traded funds (ETFs) in the world currently hold more than 1 million Bitcoins in total. These ETFs are distributed in many countries including the United States, Sweden, Hong Kong, Germany, Switzerland, Canada, Brazil and Australia. Among them, the US ETF leads, with Grayscale GBTC holding about 292,000 BTC, followed by BlackRock IBIT holding about 280,000 BTC and Fidelity FBTC holding 162,000 BTC. The three giants hold a total of about 734,000 BTC.

● BlackRock IBIT and Grayscale GBTC have similar BTC holdings

According to Odaily Planet Daily, Dune data shows that BlackRock IBIT holds 284,027 BTC, accounting for about 33.7% of its holdings, while Grayscale's GBTC holds 288,084 BTC, accounting for about 34.2% of its holdings. The difference between the two is only 4057 BTC.

● Victory Securities applies for a Hong Kong virtual asset exchange license and may launch security token issuance business by the end of the year

According to Foresight News, Victory Securities Executive Director Chen Peiquan said that the company is applying for a Hong Kong virtual asset exchange license and is expected to launch a security token issuance (STO) business by the end of the year. In addition, Chen Peiquan also revealed that the number of new account openings at Victory Securities in April and May this year was three times that of March.

● The EU draft considers MEV as market abuse and proposes strict regulatory standards

As reported by WuSaid, the European Securities and Markets Authority (ESMA) defines maximum extractable value (MEV) as a clear example of illegal market abuse in its draft technical standards under its proposed Markets in Crypto-Assets (MiCA) regulation. Crypto commentator Patrick Hansen pointed out that almost all EU regulated crypto businesses, including exchanges and brokers, are required to detect and report MEV instances through comprehensive “suspicious transaction or order reports” (STORs).

Actors involved in MEV may face investigations and enforcement actions not only from EU regulators, but also from international regulators. The deadline for consultation feedback set by ESMA is June 25, and the final standard is expected to have a significant impact on the EU crypto regulatory environment.

● Argentina and El Salvador hold talks on Bitcoin adoption, plan to sign cooperation agreement

According to PANews, Argentine regulators have held talks with Salvadoran authorities on Bitcoin adoption. Senior officials from Argentina's National Securities Commission (CNV) met with the head of El Salvador's National Digital Asset Commission (CNAD) last week. The two sides discussed a cooperation agreement related to digital assets. Argentine officials hope to learn from El Salvador's experience in using Bitcoin as legal tender and plan to sign a cooperation agreement. The dialogue aims to strengthen cooperation between the two countries in Bitcoin and crypto asset regulation and promote Argentina's development in this field.