ETF News
- Bloomberg reports that ETFs could account for 10% of bitcoin’s market value within three years if the US approves a fund that invests directly in the cryptocurrency.
- Jacobi Asset Management has listed Europe’s first spot bitcoin ETF on Euronext Amsterdam, offering institutional investors access to bitcoin while meeting their ESG goals.
Exchange News
- Binance has asked a court for a protective order against the US SEC, claiming that the regulator is conducting a fishing expedition instead of seeking limited discovery.
- Customers of Dasset, a New Zealand-based crypto exchange, are unable to access their funds as the company has begun liquidation and is not responding to complaints.
Legal News
- A Chinese court has started the trial of Shenzhen Shikongyun Technology and its executives for their alleged involvement in an $83.3 million pyramid scheme.
Gaming News
- Immutable has begun public testing of Immutable zkEVM, a solution for game development that offers low cost, massive scale, security, and Ethereum smart contract compatibility.
Security News
- RocketSwap, a decentralized exchange, was hacked but has since eliminated vulnerabilities.
- PeckShield discovered that the exploiter bridged approximately $866,600 from Base to Ethereum.
DeFi News
- Compound, a DeFi lending platform, has launched on Coinbase’s Ethereum Layer 2 network Base, allowing users to borrow bridged USDC using ETH and cbETH as collateral.
Hot Take
The ETF market for bitcoin continues to show promise, with potential growth in the US if regulatory approval is granted. The crypto industry is also seeing advancements in spot bitcoin ETFs in Europe. However, security remains a concern, as demonstrated by the recent hack of RocketSwap. It’s important for investors to stay informed and cautious when participating in the crypto market.
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