Golden Morning News | SEC decides to postpone the filing of 7 Bitcoin ETFs including BlackRock

Headline

▌****SEC has made a decision to postpone the filing of 7 Bitcoin ETFs including BlackRock

As of press time, the U.S. SEC has postponed seven Bitcoin ETF filings, namely BlackRock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, WisdomTree Bitcoin Trust, and Invesco Bitcoin Trust. Galaxy Bitcoin ETF, Valkyrie Bitcoin Fund, Bitwise Bitcoin ETP Trust.

According to the document, the regulator will not make a decision on the various proposed rule changes until October, with new deadlines for iShares, Wise Origin, Invesco Galaxy, VanEck, and WisdomTree on October 17, and Valkyrie on October 19. , Bitwise’s deadline is October 16, by which time the SEC can approve, deny, or postpone its decision again.

Quotes

As of press time, according to coinmarketcap data:

The latest transaction price of BTC is 25929.3 US dollars, with an intraday increase and decrease of -3**.67**%;

The latest transaction price of ETH is 1645.99 US dollars, with an intraday change of -2**.55**%;

The latest transaction price of BNB is 216.69 US dollars, with an intraday change of -2**.13**%;

The latest transaction price of XRP is US$0.5106, with an intraday change of -1.38%;

The recent transaction price of DOGE was US$0.0637, with an intraday increase or decrease of -2**.40**%;

The latest transaction price of ADA is US$0.2554, with an intraday increase and decrease of -1.45%;

SOL’s recent transaction price was US$19.728, with an intraday increase or decrease of -2**.98**%.

policy

▌SEC delays decision on Fidelity’s spot Bitcoin ETF

SEC delays decision on Fidelity’s spot Bitcoin ETF (Wise Origin Bitcoin Trust). The SEC stated that the Commission believes it is appropriate to specify a longer period for taking action on the proposed rule changes to allow the Commission sufficient time to consider the proposed rule changes and the issues raised therein. Pursuant to Section 19(b)(2) of Act 5, October 17, 2023 is designated as the date for the Commission to approve or deny a proposal, or to initiate proceedings to determine whether to deny a proposal.

▌WisdomTree Bitcoin spot ETF approval time has been postponed to October 17

According to the relevant procedures, the SEC needs to respond to the Bitcoin spot ETF application submitted by WisdomTree before September 2. SEC documents show that the SEC has postponed the time for this approval to October 17.

Blockchain Application

▌****Relic Protocol transplants all Ethereum data to Layer 2

The Relic Protocol, developed by blockchain security company ChainLight, provides a trust-minimized way for smart contracts to call Ethereum data, replacing platforms such as Etherscan with pure mathematical precision. The V2 version launched today will also bring this data to Other blockchains, starting with zkSync Era, Relic’s zero-knowledge proofs allow smart contracts to access historical data without an intermediary.

Bayo Akins, head of business development at zkSync developer Matter Labs, noted that Relic is the first oracle provider on zkSync to use zk-SNARKs as part of its oracle design.

Cryptocurrency

▌****Bitwise Requests Withdrawal of Its Bitcoin and Ethereum Market Cap Weighted Strategy ETF Application

According to a screenshot of a document posted by Fox Business reporter Eleanor Terrett on social media, Bitwise has requested to withdraw its application for the “Bitcoin and Ethereum Market Value Weighted Strategy ETF” submitted on August 3. The fund aims to provide investors with market cap-weighted exposure to BTC and ETH futures contracts.

▌****Florida Governor Ron DeSantis cancels encrypted campaign donations

Florida Governor Ron DeSantis has canceled a campaign event where he reportedly plans to announce accepting cryptocurrency donations in support of his 2024 presidential campaign, according to local media Miami Herald. The reason for the cancellation was the approach of Hurricane Idalia, a storm that hit the Florida coastline on August 30 before moving into Georgia.

According to DeSantis’ campaign website, the candidate only accepts fiat currency donations using credit cards.

▌****CME surpasses Bybit to become the second largest bitcoin futures market

Bitcoin prices fell 12.8% between Aug. 16 and Aug. 17, resulting in a $2.4 billion drop in total futures open interest. Notably, CME was the only exchange whose open interest was not affected. According to CoinGlass data, CME Group surpassed Bybit to become the second largest bitcoin futures trading platform on August 17, with an open interest of $2.24 billion.

It’s worth noting that CME Group exclusively offers monthly contracts, unlike perpetual contracts or inverse swaps, which are the crypto exchange’s most traded products. Additionally, CME contracts are always cash-settled, while crypto exchanges offer contracts based on stablecoins and BTC, and these differences lead to differences in open interest between CME and crypto exchanges.

▌****Analyst: Declining exchange Bitcoin reserves highlight the confidence of long-term holders

CryptoQuant data shows that Bitcoin held by centralized exchanges decreased by 4.1% this month. As of the end of August, centralized exchanges held 2,010,346 Bitcoins, a decrease of 86,305 Bitcoins from the beginning of the month. This is the highest since January 2018. Minimum reserve level.

CryptoQuant data analyst Adam Mourad said: “The large number of bitcoins moving from trading platforms to safe cold wallets highlights the confidence of long-term investors.”

▌****Investors who bought GBTC at low prices in December last year have made a profit of 137%

In December last year, GBTC lost nearly 50% of its value relative to its Bitcoin holdings, and traders who bought on dips at that time are now sitting on huge gains. According to data from Ycharts, when U.S. stocks opened on Thursday, GBTC stock price was $19.71, up 137% from $8.29 on December 13 last year.

GBTC’s sharp rise since December 13 has surpassed that of Bitcoin itself, which has seen its price increase by 48% from $17,800 to around $26,300.

Important Economic Updates

▌****Bank of China: We are stepping up the formulation of specific implementation rules to start the adjustment of deposit and loan interest rates as soon as possible

The Bank of China issued an announcement on the adjustment of the existing first-home loan interest rates, saying that it will promote the reduction of existing first-home loans in an orderly manner in accordance with the requirements of the “Notice of the People’s Bank of China and the State Administration of Financial Supervision on Relevant Matters Reducing the Existing First-Home Loan Interest Rates” Commercial personal home loan interest rates work. In accordance with the principles of marketization and rule of law, we will provide customers with efficient and convenient online and offline services, and actively play the role of finance in improving people’s livelihood and expanding consumption. Under the guidance of relevant departments, specific implementation rules are being formulated as soon as possible and interest rate adjustments will be carried out as soon as possible. (Jinshi Data APP)

Golden Encyclopedia

▌****Side Channel Attack

Side-channel attacks target the physical achievability of a system, not its algorithms. They exploit information leaked during device operation, such as power consumption, electromagnetic radiation, or timing changes to carry out attacks. These subtle leaks can give attackers insight into sensitive data such as encryption keys, potentially compromising the security of cryptocurrency hardware wallets.