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Coinbase & Grayscale Tango with SEC Amid ETF Drama, ARK Cashes Out COIN, and Bitcoin Bets on Volatility
Dance of Diplomacy & Disagreement with Regulators, Profit-Making Moves, the Intrigue of Surveillance Mechanisms, and a Potential Bitcoin Breakout Amid Economic Indicators!"
Welcome to Daily Digest, where we surface trending news in crypto-based on conversations we found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.
Here are the trending news items over the last 24 hours. If you’d like to see it’s realtime updated version, head over to our website here
Coinbase Soars After Reaching Cboe Surveillance Sharing Agreement for 5 Bitcoin ETF Applications
Shares of Coinbase surged 16% after the crypto exchange reached a surveillance-sharing agreement with Cboe's BZX Exchange for five of its spot bitcoin ETF applications. This agreement is crucial for ETF applications as it helps prevent market manipulation.
Grayscale Calls Out SEC For Approving Leveraged Bitcoin Futures ETF While Denying Spot
Grayscale, the owner of the world's largest Bitcoin fund, has criticized the U.S. Securities and Exchange Commission (SEC) for approving a leveraged Bitcoin futures ETF while denying its spot ETF application. Grayscale argues that the approval of the leveraged ETF strengthens its case that the SEC's denial is discriminatory.
Cathie Wood’s ARK sells 135k Coinbase shares as COIN hits $90
Pro-Bitcoin investment veteran Cathie Wood's firm, ARK Invest, has sold 135,152 Coinbase shares, worth $12 million, from its ARK Innovation ETF. This marks the second time Wood has taken profits from Coinbase shares this year.
Grayscale CEO: BlackRock ETF filing a ‘moment of validation’ for Bitcoin
The recent surge in spot Bitcoin exchange-traded fund (ETF) filings, including BlackRock's entrance into the Bitcoin ETF race, is seen as a "moment of validation" for Bitcoin, according to Grayscale Investments CEO Michael Sonnenshein.
Bank of China trials offline payments for digital yuan via SIM cards
Bank of China is conducting trials for an offline payment system that connects to SIM cards, specifically designed for the digital yuan. This initiative is part of China's efforts to expand the use cases for its central bank digital currency.
BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level
BlackRock's application for a spot bitcoin ETF in the U.S. has sparked interest due to its surveillance mechanisms. The application includes a Surveillance-Sharing Agreement (SSA) that allows suspicious trades to be flagged to authorities.
Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI
Crypto traders and analysts are preparing for potential volatility in Bitcoin as the focus shifts to the U.S. Consumer Price Index (CPI) report for June. The Bollinger Bands indicator, which measures volatility, has tightened significantly, indicating a potential breakout.
Manta launches a new L2 for zk applications , making it easier for devs to make the jump to ZK applications.
Ironforge launches in Beta for their developer platform meant to help Solana devs deploy serverless apps.
CoW Swap introduces hooks, making it easy to bundle multiple actions
Alluvial raises $12M Series A for their enterprise grade staking solution
Ambient, a decentralized trading protocol raises $6.5M led by Blocktower.
Coinfund backs Giza’s pre-seed round, which works on giving smart contracts ability to work with ML models.
As always, stay tuned for more updates in the crypto space!