Headlines
Grayscale submits Ethereum mini trust registration application to SEC, plans to list on NYSE Arca
Digital asset investment management company Grayscale announced that it has filed a registration statement for the Grayscale Ethereum Mini Trust with the U.S. Securities and Exchange Commission (SEC).
The trust is designed to hold Ethereum and provide investors with a more cost-effective way 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 distribution of the mini-trust, Grayscale will transfer a portion of the Ethereum assets of its existing Grayscale Ethereum Trust (ETHE) to the new trust. ETHE shareholders will receive shares of the new trust on a 1:1 basis on the record date. After the distribution 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 2024 financial report, 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 the cost of Tesla's purchase of these bitcoins was $337 million.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is 66397.0 USD, with a daily change of -0.6 % ;
ETH's latest transaction price is $3218.97, with a daily change of +0.6 % ;
BNB's latest transaction price is $606.98, with a daily change of +0.3 % ;
ORDI's latest trading price is $47.97, with a daily change of -2.7 % ;
DOGE's latest trading price is $0.1599, with a daily change of -0.8 % ;
SOL's most recent trading price is $154.69, with a daily change of -1.5 % .
policy
▌The US SEC seeks comments on BlackRock’s revised spot Ethereum ETF proposal
The U.S. Securities and Exchange Commission (SEC) is seeking public comments on a revised version of BlackRock's proposed spot Ethereum exchange-traded fund (ETF). BlackRock proposed the ETF in November 2023, which aims to track the price performance of Ethereum. The SEC had postponed 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 requested comments within 21 days, which will be published on its website.
Blockchain Applications
ENS integrates browser-compatible .box domains
Ethereum 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, 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 domains are performed on the Ethereum blockchain.
Cryptocurrency
▌ K33 Research: Mt.Gox may release $9 billion worth of Bitcoin in the near future, which may put pressure on the price of the currency
K33 Research, a cryptocurrency research firm, released a report saying that the bankrupt cryptocurrency exchange Mt.Gox is preparing to distribute approximately 142,000 Bitcoins (BTC) and 143,000 Bitcoin Cash (BCH) to creditors, with a total value of more than $9 billion. This huge release of cryptocurrency by Mt.Gox may become a relevant negative price factor in the coming weeks.
▌ GBTC had a net outflow of US$67 million yesterday, and IBIT had a net inflow of US$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, the spot Bitcoin ETF only needs $4.2 million to achieve a net inflow.
Additionally, IBIT has seen 71 consecutive days of streak of net inflows, making BlackRock’s Bitcoin ETF the tenth-longest streak of inflows in ETF history.
▌ Kinto Lianchuang: RWA is a trillion-dollar opportunity
Victor Sanchez, co-founder of Kinto, said that the tokenization of real-world assets (RWA) may be the future of finance, and explained why BlackRock decided to get involved 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 run.
▌ Bitcoin Magazine: Bitcoin is ready to continue its bull run after halving
According to an analysis published by Bitcoin Magazine, Bitcoin is ready for a post-halving bull run continuation. The analysis shows that the market has completely reset from last month's overbought state and is ready to push upward again. On-chain indicators are exactly the performance of the expected end of the mid-cycle adjustment. Price indicators show that the bullish trend remains intact, and the derivatives market has restored balance from multiple aspects. Finally, global macro data is still consistent with the prediction that the economic slowdown will turn investors to safer assets, both in the United States and globally.
Important economic developments
▌The probability of the Federal Reserve 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 in 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, with large technology stocks rising across the board
The US stock market opened higher and ended higher, with the three major indexes collectively closing higher. The Nasdaq rose 1.59%, the S&P 500 rose 1.2%, and the Dow Jones Industrial Average 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 fundamental principles: incentives, transparency, decentralization, and collaboration. DeSci places a strong emphasis on transparency and supports free and open access to methods, data, and conclusions. DeSci fosters an environment of openness and accountability by encouraging transparency, making scientific research more reproducible and trustworthy. Collaboration is at the core of DeSci, which leverages distributed networks to enable cross-border, censorship-resistant collaboration. DeSci promotes diversity of viewpoints, expertise sharing, and group problem solving by eliminating institutional and geographic boundaries.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
