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[The trading volume of the US spot Ethereum ETF on the second day of listing was approximately US$951 million]
According to data compiled by The Block Pro Research, U.S. spot Ethereum ETFs had a cumulative trading volume of about $951 million on Wednesday. On their first day of listing on Tuesday, these funds had a trading volume of $1.054 billion.
On the second day of listing, Grayscale Ethereum Trust (ticker: ETHE) once again led with a size of approximately $492 million, accounting for about 52% of the total trading volume. It was followed by BlackRock 's iShares Ethereum Trust (ETHA) ($256 million) and Fidelity Ethereum Fund (FETH) ($113 million).
[U.S. Senator Lummis may announce BTC strategic reserve legislation at the Bitcoin Conference]
According to FOX Business, three crypto industry executives familiar with the bill said that Republican Senator Cynthia Lummis of Wyoming, who supports cryptocurrency, is planning to announce BTC strategic reserve legislation at the Bitcoin Conference. Although the specific content of the bill is still unclear, according to a person who has seen the first draft, the purpose of the bill is to instruct the Federal Reserve to purchase Bitcoin and hold it as a reserve asset, just as the U.S. central bank holds gold and foreign currency, to help manage the U.S. monetary system and keep the value of the dollar stable.
As of press time, Lummis’ plans remain uncertain and the announcement could be delayed. But people who have had direct contact with some of Lummis’ staff said she hopes to announce her bill during Saturday’s session, and her staff is hopeful Trump will support the bill and the ideas behind it.
Lummis has been hinting at a big announcement on her X account this week, writing: "Big things coming up this week, stay tuned".
[Source: Coinbase Asset Management plans to launch tokenized money market fund]
Coinbase Asset Management is creating a tokenized money market fund to enter one of the hot financial sectors driven by cryptocurrency, Coindesk reported, citing people familiar with the matter.
In December, the company received in-principle approval from Abu Dhabi regulators to begin tokenizing traditional assets on the exchange’s ethereum scaling network, Base .
Coinbase Asset Management has been working with Bermuda-based Apex Group to help it promote tokenized funds, two people familiar with the matter said. Apex provides services such as custody, management, depository and administration of funds with more than $3 trillion in assets.
[SkyBridge founder: Harris is open to encryption and will take a more moderate approach to encryption]
Anthony Scaramucci , founder of SkyBridge, wrote on the X platform: "Harris has privately and publicly stated that she is open to cryptocurrencies (even willing to consider speaking at a Bitcoin conference). In the Biden administration, she is not dictating cryptocurrency policy. Harris and Warren are not friendly. In a Harris administration, Gensler will be fired and Warren will be marginalized as a financial services czar. Let us maintain bipartisan cooperation on cryptocurrencies, which will be healthier for the crypto ecosystem in the long run."
Scaramucci also said: "I admit that it was a mistake for Biden's people to hand her the keys to financial services. But the Democratic Party is not a monolithic entity, and Harris will take a more moderate approach to cryptocurrencies."
[ Bitstamp will begin distributing Bitcoin and Bitcoin Cash to Mt.Gox creditors on July 25]
According to The Block Pro, Bitstamp will begin distributing Bitcoin and Bitcoin Cash to Mt. Gox creditors on July 25.
[ Bitcoin Magazine CEO: US Vice President Harris will not give a speech at the Bitcoin Conference]
Bitcoin Magazine CEO David Bailey revealed on the X platform that US Vice President Kamala Harris will not speak at the Bitcoin 2024 conference in Nashville. David Bailey said: "This is not surprising. When she actively jails developers, forces our industry to develop overseas, and attacks PoW, what can she say to us... This will be a disaster for her. Now all eyes are on Trump."
[US Senate candidate John Deaton invests about 80% of his net worth in BTC or BTC-related products]
According to FOX Business reporter Eleanor Terrett, Massachusetts Senate candidate John Deaton's recent financial disclosure documents show that about 80% of his net worth is in BTC or BTC-related investments, and he also owns ETH, SOL and XRP.
Author: BitpushNews Mary Liu
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