The US SEC has postponed its decision on the proposed Invesco Galaxy spot Ethereum ETF. The SEC will decide on whether to approve or reject the ETF on July 5, 2024. The SEC has recently softened its stance on approving such products, suggesting that regulators remain cautious about the digital asset market and may need more time to assess risks and regulatory frameworks. This move is of great significance to the development and regulatory trends of the digital asset market, and investors and the industry are closely watching the SEC's decision.
Exodus Movement, a bitcoin wallet manufacturer, has been approved to list its common stock on the New York Stock Exchange. Exodus CEO JP Richardson said that their common stock is tokenized on the Algorand blockchain, making Exodus the only company in the United States to tokenize common stock on the blockchain. The SEC's qualification means that Exodus has been approved to offer and sell its Class A common stock to investors in accordance with Regulation A of the Securities Act, allowing Exodus to raise funds from the public in a regulated manner. This move marks the further integration of the cryptocurrency industry into the financial market, and also provides Exodus with broader opportunities and challenges for its future development.
Microsoft is preparing to launch a new AI model, called MAI-1, which is large enough to compete with models from Google, Anthropic, and OpenAI. This shows Microsoft's ambition and strength in the field of artificial intelligence. MAI-1 is led by Mustafa Suleyman, the former leader of Google AI, who most recently served as CEO of artificial intelligence startup Inflection. Microsoft hired most of Inflection's employees and spent $650 million to purchase its intellectual property. This shows that Microsoft attaches great importance to artificial intelligence technology and talents, and is expected to bring new improvements to its competitive position in the field of AI.
Tiger Brokers has launched virtual asset trading services in Hong Kong, supporting 18 virtual assets, including Bitcoin and Ethereum, as well as traditional securities. This will provide Hong Kong professional investors with a more convenient investment channel without having to open multiple accounts on different platforms. This move shows the development trend of the financial technology industry and also reflects investors' continued interest in digital assets. The integration of the virtual asset market and the development of the traditional financial market complement each other and are expected to further promote the recognition and application of digital assets around the world.
Hong Kong Bitcoin Spot ETF holds 4,388 coins;
Net inflows and outflows of US Bitcoin spot ETFs yesterday (May 6) were +3391.26 Bitcoins (+217 million USD);
BTC: Bitcoin has continued to have net inflows for 2 consecutive days, which is a good sign from the macro perspective. The daily level closed with a spindle line, and at 03:00 in the morning, it just stepped back to the 62700 position. It is still in a state of volatility during the day. As long as it does not break 62700 in the short term, there is a possibility of further upward rebound. Just wait patiently. In the process of the bull market, short-term fluctuations can be ignored in the long run.
ETH: Linked to Bitcoin trend.
Today's hot topics: Web3.0; DeFi;
