● WisdomTree submitted a revised prospectus for its spot Bitcoin ETF, leaving only Franklin to submit
According to PANews, Bloomberg analyst James Seyffart tweeted that WisdomTree has submitted a revised prospectus (S-1 document) for its spot Bitcoin ETF to the US SEC. This means that Franklin is the only one among the 12 Bitcoin spot ETF applicants that has not yet submitted a revised prospectus.
● BlackRock submits S-1 application for spot Ethereum ETF
According to BlockBeats, on November 16, BlackRock submitted the S-1 application for its spot Ethereum ETF to the U.S. Securities and Exchange Commission (SEC).
● CoinShares receives exclusive option to acquire Valkyrie Funds
According to PR Newswire, European digital asset investment company CoinShares International Limited announced that it has obtained an exclusive option to acquire Valkyrie Funds LLC from Valkyrie Investments Inc. Valkyrie Funds LLC is an investment advisory company of the US digital asset management company, specializing in actively managed cryptocurrency exchange-traded funds (ETFs). CoinShares' option to acquire Valkyrie Funds from Valkyrie Investments is valid from now until March 31, 2024.
As part of the acquisition option transaction, the two companies have finalized a brand licensing agreement. Throughout the option period, Valkyrie Investments has been granted a limited, revocable, global license to use the "CoinShares" name in its S-1 filings with the SEC. If the SEC approves the Valkyrie Bitcoin Fund, Valkyrie Investments plans to incorporate the CoinShares name, marking the first time CoinShares has offered mainstream crypto passive products in the U.S. market.
● Tether plans to invest $500 million to become one of the world's largest Bitcoin mining companies
According to PANews, Tether Holdings Ltd. is planning to invest about $500 million in the next six months to become one of the world's largest Bitcoin mining companies by building its own mining facilities and taking stakes in other companies. Paolo Ardoino, Tether's incoming CEO, said the company is building Bitcoin mines in Uruguay, Paraguay and El Salvador, each with a capacity of between 40 and 70 megawatts, with the goal of increasing its share of the total computing power running the Bitcoin network to 1%. Tether expects its direct mining operations to generate 120 megawatts of power by the end of 2023, and 450 megawatts by the end of 2025.
● US SEC asks Musk to testify in its investigation into Twitter acquisition
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) said Musk should testify in its investigation into its $44 billion acquisition of Twitter. The SEC said last month that it was investigating Musk's purchase of Twitter shares in 2022, but Musk refused to participate in the investigative interview in September. Musk and his lawyers asked the judge on November 2 to dismiss the SEC's motion for Musk to testify, saying that Musk had testified twice and the SEC's actions had exceeded its authority. The SEC said on Thursday that it was authorized to seek testimony and documents in its investigation. After the last interview, the SEC obtained new documents.
● German Bundestag wants to make Bitcoin legal tender
According to Golden Finance, Joana Cotar, a member of the German Bundestag, said in an interview that she supports making Bitcoin a legal tender in Germany. She hopes to initiate a "preliminary review" of the legal framework to formally recognize Bitcoin as the country's legal tender.
To further promote the issue and raise awareness in the German parliament, Cotar launched the “Bitcoin in the Bundestag” initiative to help spread the word about the benefits of Bitcoin so that the legislature can make informed decisions. The lawmaker declared that she is completely focused on Bitcoin and has no interest in other cryptocurrencies on the market.
● CZ: Binance and Gulf collaborate to showcase Thailand’s blockchain potential; Gulf Binance receives regulatory approval in Thailand
Binance founder and CEO Changpeng Zhao (CZ) posted on the X platform that Binance and Gulf have cooperated to demonstrate the potential of Thailand's blockchain, and Gulf Binance has obtained regulatory approval in Thailand. According to Cryptopolitan, Gulf Binance, a joint venture between Binance and Gulf, has been approved by the Thai Securities and Exchange Commission to begin operations. The platform will initially be limited to invitation-only participants before being opened more widely to the public. It is planned to be launched publicly in early 2024.
