● Grayscale CEO: Feeling optimistic after communicating with SEC about spot Bitcoin ETF
According to The Block, Grayscale Investments CEO Michael Sonnenshein said he was optimistic after communicating with the SEC about the spot Bitcoin ETF. He said: "We are optimistic and have been actively engaging with the SEC. The feedback we have received from them shows that the SEC wants to participate in resolving this issue and is eager to make progress on this issue."
Sonnenshein added that a timeline for approval had not yet been announced.
● BlackRock's latest spot Bitcoin ETF amendment mentions the possibility of Bitcoin being classified as a security
According to Golden Finance, BlackRock, the world's largest asset management company, mentioned the possibility of Bitcoin being classified as a security in the latest revised application for a spot Bitcoin ETF submitted to the U.S. Securities and Exchange Commission (SEC) on Monday. The new document updates the following details: If the U.S. Securities and Exchange Commission or state securities regulators take any enforcement action claiming that Bitcoin is a security, or the court makes such a ruling, it is expected to have a direct and significant adverse impact on the trading value of Bitcoin and spot Bitcoin ETF shares.
The document added that if a crypto asset is determined or asserted to be a security, it would likely be difficult or impossible to trade, clear, or custody in the United States through the same channels used by non-security crypto assets, which, in addition to having a significant adverse impact on the trading value of the crypto asset, could also seriously affect its liquidity and the ability of market participants to convert crypto assets into U.S. dollars.
Business litigation attorney Joe Carlasare said the update to BlackRock's S-1 filing was interesting. It looked silly, but it was clear the SEC wanted to use that wording in the filing.
● Cathie Wood: The biggest boost to Bitcoin's appreciation in the next five to ten years will come from institutions
According to Blockworks, Ark Invest CEO Cathie Wood said that the SEC's approval of a spot Bitcoin ETF could be the "final stamp of approval" for institutions considering getting involved in the crypto space. She said: "I think it all comes together. If you look at our expectations for Bitcoin's appreciation, we believe that the biggest boost to appreciation in the next five to ten years will come from institutions."
The executive has said that in the long run, the price of one bitcoin could reach $1 million or more.
● CME futures open interest reached $5.2 billion, close to all-time high
According to TechFlow, CME's futures open interest has reached $5.2 billion, $200 million less than the all-time high in late October 2021. IG Australia analyst Sycamore explained that CME's report submitted to the Commodity Futures Trading Commission on November 28 showed that the main players on its platform held a net short position at the time, with 20,724 short positions and 18,979 long positions. Sycamore added that investors will not be able to accurately understand the positioning of CME participants until CME releases its latest report on Tuesday, December 12.
● Bitcoin core developer: Ordinals and BRC-20 will disappear after the vulnerability is fixed, and the inscription chain is a feasible solution
Bitcoin core developer Luke Dashjr confirmed in a reply on the social platform that if the Bitcoin Core vulnerability he disclosed earlier is fixed, it means that Ordinals and BRC-20 will no longer exist. Another comment said that if the inscription wants to continue, a more environmentally friendly way is to create an inscription chain, similar to Ethereum's Layer 2, which only needs to submit hash values to Bitcoin regularly to run, right? Luke Dashjr replied, yes, that works. Then it doesn't even need to have a block size limit at all, and each node can set its own limit (or not).
● BNB Chain launches TVL incentive plan with a total bonus pool of up to $160,000
According to Foresight News, BNB Chain announced a TVL incentive plan to encourage project owners to deploy their projects on opBNB. According to the plan, BNB Chain will open applications to project owners from December 6 to December 14, 2023, and will conduct competitions from December 15, 2023 to January 14, 2024. The total prize pool is up to $160,000, and participating project owners will receive a corresponding share based on their ranking ratio in the competition.
● Binance TR receives information and data security certificate from BSI Turkey
Binance stated on X (formerly Twitter) that Binance TR has obtained the information and data security certificate issued by BSI Turkey. Binance will continue to protect the blockchain ecosystem and strengthen its commitment to security in accordance with international standards.
● Binance suspends AEUR spot trading and will provide reasonable compensation to affected users
Binance announced that due to the enthusiastic response of the community to AEUR and some users did not realize that AEUR was a stable currency when they purchased it, the demand surged in the short term, resulting in price deviations. Binance monitors the market 24 hours a day. After monitoring the situation, it has suspended AEUR/USDT, BTC/AEUR, ETH/AEUR, EUR/AEUR spot trading pairs at 02:31:59 (Eastern Time) on December 6, 2023 to avoid potential losses for other investors. The resumption time of the above AEUR spot trading pairs will be notified separately.
Binance stated that Binance has always adhered to the highest principle of protecting users to the greatest extent possible, and Binance will assist the AEUR project team in providing reasonable compensation to affected users within 72 hours after the release of this announcement.
For users who bought AEUR through the AEUR/USDT, BTC/AEUR, ETH/AEUR and EUR/AEUR spot trading pairs during the period from 01:41:16 (ET on December 6, 2023) to 02:31:59 (ET on December 6, 2023) (hereinafter referred to as the "Compensation Period"), and failed to successfully sell AEUR on the Binance spot platform before 02:31:59 (ET on December 6, 2023); Binance will compensate the relevant users for their net bought AEUR positions during the Compensation Period at the AEUR price on the Binance spot platform at 01:41 (ET on December 6, 2023) (i.e. 1 AEUR is 1.07999 USDT).
The compensation calculation method is:
Compensation for a single eligible user = (user’s net purchase amount of AEUR * user’s average purchase price of AEUR) - (user’s net purchase amount of AEUR * 1.07999 USDT)
Net AEUR purchase amount by users = Total AEUR purchased on Binance spot platform during the compensation period - Total AEUR sold on Binance spot platform during the compensation period
Average AEUR purchase price = Total USDT equivalent of AEUR purchased on Binance spot platform during the compensation period / Total AEUR purchased on Binance spot platform during the compensation period
