Headline
▌Grayscale submits registration application for Ethereum Mini Trust to SEC, intends to list on NYSE Arca
Digital asset investment management company Grayscale announced that it has submitted a registration statement for Grayscale Ethereum Mini Trust to the U.S. Securities and Exchange Commission (SEC).
The trust is designed to hold Ethereum and provide investors with a more cost-effective channel to invest in Ethereum. Grayscale plans to list the trust's shares on the New York Stock Exchange Arca under the ticker ETH after obtaining SEC approval.
As an initial allocation of the mini trust, Grayscale will transfer part of the Ethereum assets of its existing Grayscale Ethereum Trust (ETHE) to the new trust. ETHE shareholders will receive shares of the new trust at a 1:1 ratio on the record date. After the allocation is completed, the two trusts will operate as independent NYSE Arca listed products.
▌Tesla's Bitcoin holdings did not increase or decrease in the first quarter
Tesla released its first quarter financial report for 2024, and it was observed that the company's Bitcoin assets did not increase or decrease, and the size of its assets remained unchanged. According to data tracked by Bitcoin Treasuries, Tesla holds 9,720 BTC, making it the third largest public holder of the asset, second only to software company MicroStrategy (MSTR) and mining company Marathon (MARA). At the time of writing, Tesla's BTC is worth approximately $647 million, and Tesla's cost of purchasing these bitcoins was $337 million.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $66,397.0, with a daily increase or decrease of -0.6%;
ETH's latest transaction price is $3,218.97, with a daily increase or decrease of +0.6%;
BNB's latest transaction price is $606.98, with a daily increase or decrease of +0.3%;
ORDI's latest transaction price is $47.97, with a daily increase or decrease of -2.7%；
DOGE's latest transaction price is $0.1599, with a daily increase or decrease of -0.8%；
SOL's latest transaction price is $154.69, with a daily increase or decrease of -1.5%。
Policy
▌U.S. SEC Solicits Comments on BlackRock's Revised Spot Ethereum ETF Proposal
The U.S. Securities and Exchange Commission (SEC) solicits public comments on a revised version of BlackRock's proposed spot Ethereum exchange-traded fund (ETF). BlackRock proposed the ETF in November 2023, which is designed to track the price performance of Ethereum. The SEC had delayed its decision on the proposal in January and accepted Nasdaq's amendments on April 19. The revised document discusses the creation and redemption process of the ETF. The SEC asked for comments within 21 days, which will be published on its website.
Blockchain Applications
▌ENS Integrates Browser-Compatible .box Domains
The Ethereum Domain Name Service ENS has integrated browser-compatible .box domains, which are considered ICANN-approved top-level domains and are the first on-chain TLDs included in the ENS Manager application (alongside .eth). With the release of this version, users can register .box domains through the manager application, which can be used with Web2 services such as email and website hosting. Domains hosted on .box are searchable and indexable on major browsers such as Google Chrome and Safari, and are therefore also compatible with email services. All registrations and transfers of .box domain names are executed on the Ethereum blockchain.
Cryptocurrency
▌K33 Research: Mt.Gox may release $9 billion in Bitcoin in the near future, which may put pressure on the price of the currency
K33 Research, a cryptocurrency research institution, released a report saying that the bankrupt cryptocurrency exchange Mt.Gox is preparing to distribute about 142,000 Bitcoins (BTC) and 143,000 Bitcoin Cash (BCH) to creditors, with a total value of more than $9 billion. Mt.Gox's huge cryptocurrency release may become a relevant negative price factor in the coming weeks.
▌GBTC had a net outflow of $67 million yesterday, and IBIT had a net inflow of $37.8 million
According to HODL15Capital data, on April 23, GBTC had a net outflow of $67 million, BlackRock IBIT had a net inflow of $37.8 million, EZBC had a net inflow of $2 million, and BITB had a net inflow of $23 million. Based on the current data, it only takes $4.2 million for the spot Bitcoin ETF to achieve a net inflow.
In addition, IBIT has had a continuous net inflow for 71 consecutive days, making BlackRock's Bitcoin ETF the tenth longest continuous inflow in the history of ETFs.
▌Kinto co-founder: RWA is a trillion-dollar opportunity
Kinto co-founder Victor Sanchez said that the tokenization of real-world assets (RWA) may be the future of finance, and explained why BlackRock decided to participate in this action. RWA is a trillion-dollar opportunity. These big institutions realize that blockchain technology can go from 0 to 100 in a bull market.
▌Bitcoin Magazine: Bitcoin is ready for a post-halving bull run
According to an analysis published by Bitcoin Magazine, Bitcoin is ready for a post-halving bull run. The analysis shows that the market has completely reset from last month's overbought state and is ready to move upward again. The on-chain indicators are exactly the performance of the end of the expected mid-cycle adjustment. Price indicators show that the bullish trend remains intact, while derivatives markets have regained balance on multiple fronts. Finally, global macro data remains consistent with the forecast that the economic slowdown will shift investors to safer assets, both in the United States and globally.
Important Economic Dynamics
▌The probability of the Fed keeping interest rates unchanged in May is 95.9%
According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in May is 95.9%, and the probability of a 25 basis point rate cut is 4.1%. The probability of the Fed keeping interest rates unchanged by June is 83.2%, the probability of a cumulative 25 basis point rate cut is 16.3%, and the probability of a cumulative 50 basis point rate cut is 0.5%.
▌The three major U.S. stock indexes closed higher, and large technology stocks rose generally
The U.S. stock market opened higher and the three major indexes closed higher. The Nasdaq rose 1.59%, the S&P 500 rose 1.2%, and the Dow rose 0.69%. Large technology stocks rose across the board, with Netflix up more than 4%, Nvidia up more than 3%, Meta up more than 2%, Tesla, Microsoft, Google, and Amazon up more than 1%, and Apple up slightly.
Golden Encyclopedia
▌What is decentralized science?
Decentralized Science (DeSci) within the Web3 framework is a paradigm shift in scientific research characterized by four basic principles: incentives, transparency, decentralization, and collaboration. DeSci places great emphasis on transparency and supports free and open access to methods, data, and conclusions. DeSci creates an open and accountable environment by encouraging transparency, making scientific research more reproducible and credible. Collaboration is at the core of DeSci, which leverages distributed networks to enable cross-border, censorship-resistant collaboration. DeSci promotes diversity of viewpoints, sharing of expertise, and group problem solving by eliminating institutional and geographic boundaries.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational reference only and is not intended as actual investment advice. Please establish the correct investment philosophy and be sure to raise your risk awareness.
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