Bitpush editor selects Web3 news for you every day:
[ DRW Venture Capital holds nearly $200 million worth of spot BTC and ETH ETFs, of which more than $150 million are Grayscale ETHE products]
According to the latest 13F form filed with the U.S. Securities and Exchange Commission, DRW Venture Capital, the venture capital arm of Chicago-based high-frequency trading firm DRW Holdings, disclosed that it currently holds at least $195 million worth of spot BTC and ETH ETFs, which may be the company's first foray into crypto spot ETFs.
Among them, more than $150 million of the product is Grayscale Ethereum Trust (ETHE). In addition, ETHE is its third largest holding, second only to funds tracking the S&P 500 index and gold trusts.
The firm’s investments in BTC ETFs are more diversified, with holdings in Bitcoin ETFs issued by Ark and 21Shares , Bitwise , BlackRock , Fidelity , and Proshares .
[ Arkham : BitGo wallet suspected to have transferred $2 billion worth of Mt. Gox bitcoins, Mt. Gox repayment may have entered the final stage]
A wallet that received more than $2 billion in Mt. Gox bitcoins moved most of those funds to another wallet on Tuesday, according to Arkham Intelligence.
After confirming what appeared to be a test transaction completed Tuesday morning, Arkham Intelligence speculated in an X post that the wallet may belong to cryptocurrency exchange BitGo, which could mean the Mt. Gox repayment event is entering its final stages.
The data firm said: "A wallet that received $2.19 billion in Bitcoin from Mt. Gox just initiated a test transaction. This wallet, bc1q26, is most likely BitGo, the fifth and final exchange to work with the Mt. Gox trustee to distribute funds to Mt. Gox creditors. Are they about to distribute funds to creditors?" According to Arkham data, a few hours later, the bc1q26 wallet sent nearly $2 billion worth of Bitcoin to another wallet.
[U.S. Treasury bonds rose, and PPI growth was lower than expected, supporting the Fed's active interest rate cuts]
U.S. Treasuries rose as a weaker-than-expected U.S. producer price index (PPI) report supported the Federal Reserve's more aggressive cuts in borrowing costs this year. The rise in Treasuries on Tuesday pushed the yield curve down by at least 4 basis points, with the two-year yield falling about 5 basis points to just below 4% and the 10-year yield falling to around 3.9%.
"You can breathe a sigh of relief," said Jack McIntyre, portfolio manager at Brandywine Global Investment Management, after the weak PPI report kicked off a slew of economic data releases this week. Consumer prices and retail sales data will be released on Wednesday and Thursday, respectively, and are expected to help investors assess the size and pace of potential interest rate cuts by the Federal Reserve.
[Crypto PAC Fairshake plans to invest $12 million to support Ohio Republican candidate Bernie Moreno]
According to Coindesk, the crypto industry's leading political action committee (PAC) Fairshake plans to overthrow Ohio Democratic Senator and current Senate Banking Committee Chairman Sherrod Brown in their largest single campaign ever, and has allocated $12 million to support crypto ally and Republican candidate Bernie Moreno.
Bernie Moreno is reportedly trying to seize the Senate seat from Chairman Brown, who, as the current chairman, has been harshly critical of the digital asset space and has been reluctant to accept cryptocurrency legislation.
Additionally, Fairshake announced that it will invest approximately $3 million each to support U.S. Rep. Ruben Gallego (D-Ariz.) in the Arizona Senate race and Rep. Elisa Slotkin (D-Mich.) in the Michigan Senate race.
[Bloomberg: After winning the antitrust lawsuit, the US Department of Justice is considering requiring Google to split up]
According to Bloomberg, the U.S. Justice Department is considering asking Google (GOOG.O) to break up after a landmark antitrust victory, and people familiar with the matter said that if the Justice Department moves forward with the split plan, the most likely units to be divested are the Android operating system and Google's web browser Chrome. One of the people familiar with the matter said officials are also considering forcing the sale of the company's platform for selling text ads, AdWords.
It is reported that Google's forced split will become the largest corporate split in the United States since the split of AT&T in the 1980s.
[Bloomberg ETF analyst: Whether SOL ETF can be passed next year depends on whether the US government changes]
Bloomberg ETF analyst Eric Balchunas told CoinDesk that whether the SOL ETF can be passed next year depends on whether the government changes.
Eric further stated: “Gensler will not stay, and the government will not choose Gensler 2.0. If the Republicans take over, anything is possible, especially since Trump has been building some kind of relationship with these people and achieving some kind of breakthrough.”
Author: BitpushNews Mary Liu
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
