Global X withdraws Bitcoin ETF application Arbitrum submits AIP proposal

Headlines

▌Global X officially submitted a withdrawal application for its Bitcoin ETF

Documents released by Bloomberg analyst James Seyffart show that Global X has officially submitted a withdrawal application for its Bitcoin ETF (Global Withdrew from the competition, but now officially."

▌Arbitrum submitted an AIP proposal to deploy ArbOS20

Arbitrum submitted an AIP proposal to deploy ArbOS20 Proposal, this AIP proposes multiple improvements to the Arbitrum chain, including the ability to issue bulk L2 transactions as blobs on L1 Ethereum at a lower cost using EIP 4844. The proposal also includes improvements to the Ethereum Dencun upgrade included in Most changes are supported.  

The current proposal is currently undergoing security review. Once the audit is completed, the proposal will be updated accordingly and the audit report will be released to the public.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 43,009.9 US dollars. Intraday increase or decrease-0.80%;

ETH’s recent transaction price was US$2,346.61, with intraday gains and losses+0.23%;

BNB’s recent transaction price was US$307.8, with an intraday increase or decrease-0.52 %;

The recent transaction price of 3.00%;

DOGE’s recent transaction price was US$0.0799, with intraday gains and losses-1.58%;

ADA’s recent transaction price was US$0.5136, with intraday gains and losses-1.61%;

SOL’s recent transaction price was US$101.34, rising during the day Decline-3.19% .

Policy

▌The US SEC plans to temporarily withdraw the lawsuit against DEBT Box

The US SEC submitted a brief to the court today, planning to withdraw the lawsuit against DEBT Box. "While the Commission recognizes that its counsel should prefer to engage with the courts, sanctions are not appropriate or necessary to resolve these issues," the SEC said in its brief.  

The SEC first sued Digital Licensing Inc., doing business as DEBT Box, in July last year, and admitted in late December that it had made inaccurate statements and faced sanctions for the misleading statements. .  

FOX Business reporter Eleanor Terrett said that in theory, the revocation opens the door for the SEC to file new lawsuits against Debt Box in the future. If the judge accepts the motion to dismiss, it does not necessarily mean that the agency will get away with it. The judge may choose to impose monetary sanctions against the agency for misleading the court.

▌Terraform Labs says bankruptcy filing will allow it to appeal SEC lawsuit

According to Reuters, Terraform Labs said in a filing that its latest bankruptcy filing will enable it to file a "life-or-death" appeal in a securities fraud case filed by the U.S. SEC.  

The case is set to go to trial in March on the SEC's remaining fraud charges, and such appeals typically require companies to post a bond of 110% of the total value of the judgment before proceeding to trial. "The exact size of the penalty judgment remains unknown, but it is likely to exceed the debtor's assets. Without Chapter 11 protection, the debtor may have to liquidate after trial," Chris Amani, director of operations at Terraform, wrote in a court filing. It is reported that Terraform Labs intends to argue in the appeal that the SEC has no authority over the company because its cryptocurrency tokens are not “securities.”

▌The chairman of the U.S. House Financial Services Committee urges the CFPB to reconsider digital payment application regulations

U.S. House of Representatives Financial Services Committee Chairman Patrick McHenry urges the U.S. Consumer Financial Protection Bureau (CFPB) to reconsider digital payment application regulations.  

Lawmakers are concerned that the rule, titled “Defining Larger Participants in the Market for Universal Digital Consumer Payment Apps,” which seeks to segment the market for consumer payments apps, fails to understand the Potential harm to consumers. They also said: “The CFPB’s approach creates more regulatory uncertainty and may undermine the digital asset industry’s functionality in digital asset trading.” Due to the lack of clarity, lawmakers asked the CFPB to reopen the comment period and extend it for 60 days.

Blockchain application

▌Dencun upgrade has been launched on the Sepolia test network

The Dencun upgrade has been launched on the Sepolia testnet, the second of three testnets run through Dencun simulations. Dencun went live on the Goerli testnet earlier this month, but was initially unable to be finalized.  

On February 7, Dencun will go online on its final Ethereum testnet, Holesky. Afterwards, the developer will sign the date Dencun is activated on the main blockchain. The testnet replicates the main blockchain and allows developers to make any changes to the protocol or its decentralized applications in a low-risk environment.

▌Stellar: The vote to upgrade the Stellar mainnet to Protocol 20 has been postponed to February 20< /strong>

Stellar stated on the X platform that in response to feedback from the ecosystem about non-critical errors, Stellar network validators have postponed the vote to upgrade the Stellar main network to Protocol 20. With the vote postponed, the focus turns to preparing for the new vote, starting with the deployment of a new version of Stellar Core on February 2.  

The specific schedule is: February 2: Core 20.2 candidate version; February 6: Core 20.2 stable version release and testnet reset and upgrade; February 20: Target Protocol 20 Upgrade Voting and Phase 0.  

Stellar said the timeline may change, but the overall plan for a phased rollout will remain the same.

▌On-chain prediction market Polymarket bets on Trump winning The chance of the U.S. election is 54%

The on-chain prediction market Polymarket bets that Trump has a 54% chance of winning the U.S. election. Investors have invested nearly $3.5 million in this effort. The current president With Joe Biden's odds at 38%, Vivek Ramaswamy had the third-highest total bet at over $2.2 million. It is reported that trading in the election winner market will expire on November 5, 2024, the U.S. Election Day.

▌anetaBTC: Aneta V2 has integrated the BitcoinJS library to improve payment processing functions

anetaBTC Aneta V2 development update was announced on the

▌Synthetix deploys SIP-237 upgrade to simplify staking migration from Ethereum to Optimism

Synthetix announces that it has implemented SIP-237 upgrade that allows users to migrate their staked SNX and sUSD debt to Optimism without destroying existing sUSD debt, thus simplifying the staking experience. After migration, users will receive the same fee allocation every week no matter where they stake. .

Cryptocurrency

▌Transak partners with Visa in 145 countries Cryptocurrency exchange for fiat currency launched The Visa Direct platform converts its cryptocurrency holdings into local fiat currencies and can be spent at more than 130 million merchant locations served by Visa. It is reported that Visa Direct’s exchange service can be completed in nearly 30 minutes or less, which is a significant improvement compared with traditional banking services that usually take several days.

▌Glassnode: Most long-term holders are still unwilling to sell BTC at current prices

< strong>▌Coinbase drops to 46th among financial apps in App Store

Following December 25, 2023 After soaring to 16th in the ranking of financial applications on the Apple App Store, Coinbase's ranking fell back to 46th as of January 30.  

The Block senior research analyst said: “With crypto asset prices falling and new venues for retail traders now having access to cryptocurrencies without leaving their prime brokerage, we see It’s no surprise that Coinbase’s app popularity has begun to decline.”

▌ Data: 9 ETFs other than GBTC purchased nearly 150,000 BTC in 12 trading days

Data compiled by CC15Capital show that 9 spot Bitcoin ETFs other than GBTC purchased nearly 150,000 BTC in 12 trading days Nearly 150,000 BTC were purchased during the trading day, worth approximately US$6.5 billion.

▌Data: Coinbase Since Spot Bitcoin ETF Launch The average daily outflow is about 10,000 BTC

Glassnode data shows that since the launch of the U.S. Spot Bitcoin ETF, Coinbase has experienced daily outflows of at least 10,000 BTC.

Important Economic Trends

▌Shanghai further relaxes housing purchase restrictions: An agent shows the number of reservations Doubled

On January 30, the Shanghai Municipal Housing and Urban-Rural Development Management Committee and the Municipal Housing Administration jointly issued the "Notice on Optimizing the City's Housing Purchase Restriction Policy", which stipulates that from January 31 From now on, non-local residents who have paid social insurance or personal income tax in Shanghai continuously for 5 years or more can purchase only one house in areas outside the outer ring (except Chongming District). After the policy was released, non-Shanghai residents who received the news joked that they “instantly felt a sense of belonging” and said they would start viewing houses after the year. Real estate companies have put up posters to promote various projects located in the outer ring area, and intermediary stores located in the outer ring area have also become busy quickly, with the number of appointments for house viewings doubling in the middle of the week. (The Paper)

Golden Encyclopedia

▌What does it mean to revoke a smart contract?

Revoking a smart contract usually means disabling or terminating its functionality on the blockchain. For example, revocation may prevent access to a user's crypto wallet and the ability to move tokens. Additionally, revoking a smart contract stops the ability to view a user’s token balance or public address.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.