● Bitwise submits spot Ethereum ETF application to SEC
According to Odaily Planet Daily, Bitwise has submitted a spot Ethereum ETF application to the U.S. Securities and Exchange Commission (SEC). Bitwise CIO Matt Hougan said that the spot Ethereum ETF should ideally be approved after May.
● Bitwise CIO expects institutions to inject more than $1 trillion into Bitcoin through ETFs
According to PANews, Bitwise Chief Investment Officer Matt Hougan said in the company’s latest weekly investor report that as due diligence is completed and further investments are approved, institutions are expected to inject more than 1 billion into Bitcoin through ETFs in the next year. Trillions of dollars. Hougan urges investment professionals to maintain a long-term view amid the current volatile state of the cryptocurrency market, especially Bitcoin.
● Brazilian Stock Exchange B3 plans to launch Bitcoin futures in April
According to Foresight News, Brazilian stock exchange B3 has obtained a license from the country’s securities regulator to offer Bitcoin futures, with trading scheduled to open on April 17. Its Bitcoin futures will be pegged to the Nasdaq Bitcoin Reference Price, with each contract priced at 10% of Bitcoin’s Brazilian real price. The futures contracts will be financially settled and will not buy or sell actual Bitcoin. But the company said the official launch date could still change.
● Report: Cryptocurrency losses from hackers and scams hit $336 million in Q1
According to Odaily Planet Daily, a report released by Immunefi shows that so far, the cryptocurrency industry has lost $336.3 million due to hackers and scams in the first quarter. DeFi continues to be the main target for hackers, accounting for 100% of the number of vulnerabilities discovered by Immunefi in the first quarter, while centralized (CeFi) platforms had zero vulnerabilities. Most of the damage was caused by just two projects, Orbit Bridge's $81.7 million and Munchables' $62 million. However, the number of attacks fell from 74 in the first quarter of 2023 to 61 in the first quarter of this year, a 17.6% quarter-on-quarter decrease. The $336.3 million loss recorded was a 23.1% sequential decrease compared to the $437.5 million loss recorded in the same period last year.
● SBF sentenced to 25 years in prison for multi-billion dollar fraud
SBF was sentenced to 25 years in prison in New York for defrauding billions of dollars, Foresight News reported, citing Reuters.
● Fed Chairman Powell focuses on protecting the job market, bond traders bet inflation will remain high
According to King Ten, Federal Reserve Chairman Powell has paid more attention to protecting the job market, encouraging a large number of bond traders to bet that inflation will remain high. “Powell is basically backing long the breakeven inflation rate,” said Tim Magnusson, chief investment officer at hedge fund Garda Capital Partners, referring to a trading strategy that profits from inflation-linked bonds outperforming regular U.S. Treasuries. Mark Cabana, a strategist at Bank of America, recommends going long on the 30-year break-even inflation rate. He believes that the Federal Reserve's interest rate cut guidance in the context of loose financial conditions, stronger growth expectations, and increased risks of upward inflation means higher inflation compensation.
