● Bloomberg analyst: Proshares short Ethereum ETF may be launched in early November
Bloomberg ETF analyst James Seyffart wrote on the X platform that ProShares' short Ethereum futures ETF (SETH) took effect on October 15, but will not be officially launched until a few weeks later, and is expected to be launched in early November.
● BlackRock: Bitcoin spot ETF application is still under SEC review
According to Bloomberg terminal information, BlackRock said its Bitcoin spot ETF application is still under review by the SEC.
● CoinDesk: The US SEC’s decision not to appeal Grayscale’s ruling paves the way for the approval of the Bitcoin ETF
According to CoinDesk, Bitcoin trading price rose to just below the $28,000 level. As of press time, it is now quoted at $27,805, with a 24-hour increase of 2.51%, reversing all losses in the past week. The rise appears to be a continuation of the reaction to the U.S. Securities and Exchange Commission’s (SEC) decision on Friday not to appeal Grayscale’s recent ruling.
The U.S. Securities and Exchange Commission (SEC) has apparently not appealed a court decision overturning Grayscale’s popular Bitcoin Trust to convert into a more investor-friendly exchange-traded fund (ETF), potentially paving the way for approval of the first U.S. Bitcoin ETF, according to a person familiar with the matter, helping to increase the likelihood that Grayscale’s Bitcoin Trust (GBTC) will transform into a more attractive ETF.
● BTC mining difficulty increased by 6.47% to 61.03T, setting a new record high
According to BTC.com data, Bitcoin ushered in a mining difficulty adjustment at block height 812,448, with the mining difficulty increased by 6.47% to 61.03 T, setting a new historical high. The difficulty of Bitcoin mining has increased by about 71.4% compared to mid-October 2022.
● Binance completed the 25th BNB destruction, destroying a total of approximately $453 million worth of BNB
Binance completed the 25th BNB quarterly destruction, destroying a total of 2,139,182 BNB, worth approximately US$453 million.
● Lido will no longer support SOL staking, and node operators will withdraw from November 17
According to official news, Lido announced that it will no longer support SOL staking, and will no longer support new SOL staking starting October 16, and node operators will withdraw from November 17. Starting February 4, 2024, Lido support on the Solana front-end will end, and after that, unstaking will only be possible through the command line interface (CLI). Lido stated that stSOL holders can still receive staking rewards during this period.
● CoinShares: Last week, digital asset investment products had a net inflow of $15.2 million, marking the third consecutive week of net inflows
According to the CoinShares report, digital asset investment products had a net inflow of $15.2 million last week, marking the third consecutive week of net inflows. Last week, Bitcoin investment products had a net inflow of $16.4 million, Ethereum investment products had a net outflow of $7.4 million, and investment products that shorted Bitcoin had a net inflow of $1.7 million. In addition, Solana investment products received another $3.7 million in inflows.
● CZ: Cryptocurrency enthusiasts prefer the UAE and Bahrain
“It feels like every crypto expert I know is in the UAE or Bahrain,” Binance CEO Changpeng Zhao (CZ) said on the X stage, Coin Edition reported. The main reason for the report's analysis is the cryptocurrency-friendly policies and active adoption of digital currencies in the UAE and Bahrain. The favorable regulatory atmosphere has attracted a large number of cryptocurrency enthusiasts, showing the rapid development of the encryption field in the Middle East. Community members believe that the Middle East’s open policies provide more possibilities and opportunities for cryptocurrency enthusiasts compared to the conservative attitude of the United States.
● Bloomberg Crypto Analyst: Tokenization of US Money Market Funds Exceeds $600 Million
Bloomberg crypto analyst Jamie Coutts CMT said on social media that TradFi is driving the growth of real-world asset tokenization (RWA) issued on public blockchains. More companies will join soon. Although the growth base is low, it is steadily rising. The tokenization of US money market funds exceeded $600 million, up from $100 million in the same period last year. While stablecoins may be the most important driver of blockchain adoption, NFT, GameFi, and now real-world asset tokenization (RWA), although in their infancy, still have great potential.
