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- U.S. Bitcoin ETFs Now Larger Than Silver ETFs by Assets Under Management | Cryptocurrency Trends
U.S. Bitcoin ETFs Now Larger Than Silver ETFs by Assets Under Management | Cryptocurrency Trends
Jarseed, Bitget Research
2024/01/19
1. Mainstream Exchange Trends:
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Binance to list memecoin dogwifhat (WIF) 1–50X USDT-M futures on the Solana network on January 18, 12:15 PM (UTC+8).
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Binance lists Manta (MANTA) and opens MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY trading on January 18, 6:00 PM (UTC+8).
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Bitget lists Manta Network (MANTA) on January 18, 6:00 PM (UTC+8).
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Crypto exchange Bithumb to list the MANTA/Korean won pair on January 18. Trading is scheduled to begin on January 18, 6:00 PM (UTC+8).
2. Cryptocurrency Trends:
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Dymension publishes DYM tokenomics: the initial supply is 1 billion, and the inflation rate will be dynamically adjusted according to validators.
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Conflux announces the launch of its EVM-compatible Bitcoin Layer 2 solution, which will allow Conflux to seamlessly manage Bitcoin-based assets such as BTC and xRC20 tokens (e.g., BRC20 and ARC20) through smart contracts. Users can connect to the Bitcoin network's various asset types or transfer assets to the Bitcoin chain.
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Sam Kazemian, founder of stablecoin protocol Frax Finance, says in an interview that the company is planning to launch Fraxtal, a Layer 2 blockchain, in February. "The current timeline is the first week of February. Etherscan will support it on day 1 with Fraxscan, and a huge slew of projects will debut soon after launch," Kazemian said.
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January 18: CoinDesk reports that MetaMask is testing a feature called "transaction routing," which is designed to provide optimal execution and enhance the user experience.
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The Block reports that according to Jag Kooner, head of derivatives at Bitfinex, U.S. bitcoin ETFs have surpassed silver ETFs by assets under management (AUM) after just one week of trading, making them the second-largest ETF commodity class in the U.S.
3. Financing Trends:
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Safary, a Web3 analytics platform, announces it has raised $2.4 million in pre-seed round funding led by Lemniscap, with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures, and 20 Web3 angel investors, 14 of whom are members of the Safary community.
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French cryptocurrency 573d897a-4504-4515-abfb-1a93caee5bf8 maker Flowdesk raises $50 million in Series B funding led by Cathay Innovation, with participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Ripple, and Bpifrance (a French state-owned investment bank).
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Kiln, an Ethereum staking platform, raises $17 million in a funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, and LBank. The new funding round is an extension of Kiln's $17.6 million Series A round announced in November 2022.
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Crypto exchange WOO X raises $9 million in a funding round to improve liquidity. Investors include Wintermute, Time Research, Presto Labs, Pulsar, AlphaLab Capital, Efficient Frontier, Amber, and Riverside Hedge.
4. Regulatory Trends:
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The Block reports that in a policy briefing earlier this week, Jeong Jung-hoon, Deputy Minister of the Tax and Customs Office of the Ministry of Economy and Finance, says that South Korea's legislature, the National Assembly, should discuss whether or not to include crypto gains as part of a plan to abolish income tax on financial investments.
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Lianhe Zaobao reports that a spokesman for the Monetary Authority of Singapore (MAS) says that the collective investment schemes (CIS) available to retail investors in Singapore are regulated under the Securities and Futures Act and cover ETFs. Retail investors are limited in the types of assets they can invest in. At present, Bitcoin and other digital payment tokens (cryptocurrencies, DPTs) are not eligible assets for retail CISes.
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Thailand's capital markets regulator lifts restrictions on retail investors buying digital tokens backed by real estate and infrastructure projects to facilitate fundraising for these securities.
Descargo de responsabilidad: Este contenido incluye opiniones de terceros, y no garantizamos su exactitud. Los precios de las criptomonedas son sumamente volátiles; haz tu propia investigación y toma decisiones en conformidad.