Bitpush's Weekly Web3 News Highlights:
Trump campaign now accepts cryptocurrency donations
Fox reporter Eleanor Terrett said on X platform that the Trump campaign is now accepting cryptocurrency donations.
The donaldjtrump.com website page shows that it supports eight cryptocurrency donations, including Bitcoin, Ethereum, SOL, XRP, Dogecoin, etc., and writes: "To showcase President Trump's success as a defender of American freedom and innovation, we proudly offer you an opportunity to contribute to the campaign using cryptocurrency. Your support is needed to save our country from Biden's failure. While Biden imposes a lot of regulations and red tape on all of us, President Trump is ready to accept new technologies that will make America great again."
[The U.S. House of Representatives voted to pass the Republican-backed encryption FIT21 bill]
The U.S. House of Representatives passed the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21, by a vote of 279 to 136. House Financial Services Committee Chairman Patrick McHenry, who will retire when his term ends in January 2025, told reporters at a briefing on Tuesday that he will "do everything we can from Congress" and said he will get bipartisan support. "My time as chairman and my time in Congress is coming to an end, but the policy is not," he said.
The bill will still go to the Senate for a vote. Senior lawmakers in the Democratic-controlled Senate have reportedly shown no interest in the bill and have opposed it in the past. Investment bank TD Cowen said earlier this month that the bill "has no chance of becoming law in this Congress."
[Fox reporter: The US SEC and issuers have begun dialogue on S-1 documents, and the conclusion is that "there is still work to be done"]
Fox reporter Eleanor Terrett wrote on the X platform that she had heard that dialogue had begun between SEC staff and issuers regarding S-1 filings, and concluded that there was still "work to be done" on these issues.
[The U.S. SEC has approved the 19B-4 forms of 8 spot Ethereum ETFs, but it will take some time for them to be officially listed]
The U.S. SEC has approved 19B-4 forms for eight spot Ethereum ETFs, including those from BlackRock , Fidelity, and Grayscale. Although the form has been approved, ETF issuers need to make the S-1 registration statement effective before they can begin trading. The SEC has just begun discussing the S-1 form with issuers, and it is unclear how long the process will take, but some analysts speculate that it may take weeks.
Bloomberg ETF analyst James Seyffart added: “I think if they tried really hard, it could be done in a few weeks, but there are many examples in history where this process has taken more than three months.”
[ Galaxy Digital Report: If the spot Ethereum ETF is approved, it may start trading in July or August]
According to a new report from Galaxy Digital, a spot Ether ETF, if approved, could be listed on exchanges in July or August.
Galaxy Digital said in the report that the risk profile of a spot Ethereum ETF is "significantly" higher than that of a spot Bitcoin ETF, which could prolong the time it takes for regulators to make a decision on the fund. The process of approving a fund and listing it on a trading platform could also take longer due to the various decentralized applications built on the Ethereum network, the report said. The researchers said these dapps "add a range of possible disclosable [items]," which could make it more difficult for a spot Ethereum ETF to obtain final regulatory approval and begin trading.
[ Ethereum 's next upgrade, Pectra, is scheduled to be launched at the end of the first quarter of 2025]
ETH Daily announced that Ethereum core developers plan to launch Ethereum's next upgrade, Pectra, including the EVM Object Format (EOF), at the end of the first quarter of 2025. The upgrade will use PeerDAS, a data availability sampling solution that uses existing peer-to-peer components within Ethereum.
In addition, the developers also agreed to replace the account abstraction EIP-3074 with the update proposal EIP-7702 proposed by Vitalik. EIP-7702 enables EOA to act as a smart contract wallet during transactions. Pectra consists of the Prague upgrade of the execution layer and the Electra upgrade of the consensus layer. The final scope of the upgrade is still under discussion and some changes may occur, such as postponing Verkle to the Osaka hard fork.
Twitter: https://twitter.com/BitpushNewsCN
BitPush TG Exchange Group: https://t.me/BitPushCommunity
Bitpush TG subscription: https://t.me/bitpush
Btok subscription: https://btok360.com/bitpush
