The official website of the Hong Kong Securities Regulatory Commission has listed the Bitcoin and Ethereum spot ETFs of three fund companies, ChinaAMC, Boshi and Harvest. The approval dates are all April 23, 2024. The relevant funds are not derivatives funds, specifically including: 1. ChinaAsia Bit Coin ETF (BUU163)#, stock code 03042, 09042, 83042; 2. China Ethereum ETF (BUU164)#, stock code 03046, 09046, 83046; 3. Boshi HashKey Bitcoin ETF (BUU104)#, stock code 03008, 09008; 4. Boshi HashKey Ethereum ETF (BUU105)#, stock code 03009, 09009; 5. Harvest Bitcoin Spot ETF (BUT244), stock code 03439, 09439; 6. Harvest Ethereum Spot ETF (BUU885), stock code 03179, 09179.
According to later news, the management fees of the Hong Kong Bitcoin/Ethereum Spot ETF are 0.3%, 0.6% and 0.99% respectively . Caixin reported that mainland investors are currently not allowed to participate in the trading of Hong Kong virtual asset spot ETFs .
According to The Block, the European Parliament passed new regulations to formally impose due diligence requirements on cryptocurrency companies to combat money laundering. The European Parliament voted on Wednesday to adopt a series of laws that will partially strengthen "due diligence measures and checks on the identity of clients," including so-called crypto asset managers. They must also report suspicious activity to authorities. As previously reported, the new law will affect cryptoasset service providers (CASPs), such as centralized crypto exchage, as well as many others, including gambling services.
Patrick Hansen, Circle's director of EU strategy and policy, said in a post on X that the vote results were expected. “The bill will now also be officially adopted by the EU Council and come into force in three years,” Hansen wrote on the . Hansen said the new law will apply to CASPs already regulated under MiCA (Crypto-Asset Market Regulation), which are required to follow standard KYC/AML procedures such as customer due diligence (CDD), etc. This is nothing new, Because all cryptocurrency exchanges and custodial wallet providers in the EU already comply with these obligations under the current AMLD5 regulations.
Hansen said that overall the final version is a "great outcome" for the crypto industry, and that previous versions of the proposed AMLR proposed a more stringent approach, which meant KYC for self-custodial sponsors/beneficiaries. , but thanks to industry efforts, a risk-based approach and various options were ultimately agreed upon.
Cryptocurrency mixing service Samourai Wallet Lianchuang arrested and charged with money laundering
According to The Block, the co-founder of crypto currency mixing service Samourai Wallet has been arrested. Prosecutors said they were suspected of laundering $100 million from Silk Road and other illegal markets. On Wednesday, Samourai CEO Keonne Rodriguez and Chief Technology Officer William Lonergan Hill were charged with operating the Samourai wallet. Prosecutors said Samourai was an unlicensed money transfer company that was involved in "more than $2 billion in illicit transactions and facilitated more than $100 million in laundered transactions on illicit darknet markets, including Silk Road." Rodriguez was arrested Wednesday morning and will appear before a judge in Pennsylvania. Hill was arrested in Portugal and the United States is seeking his extradition. Samourai's web server and domain name were also seized, and the app can no longer be downloaded from the U.S. Google Play store, prosecutors said. Rodriguez and Hill were charged with money laundering and unlicensed money transfer operations, with maximum prison terms of 20 years and five years respectively.
Animoca Brands' Web3 project Mocaverse has launched a community public sale of MOCA tokens
Mocaverse, a Web3 project owned by Animoca Brands, announced on the Sales results will be announced on May 7.
A total of 126,984,127 MOCA tokens were sold in the public sale, with a sales price of US$0.03938, a minimum purchase threshold of US$100 (supporting USDT, USDC), and a target fundraising of US$5 million; of which TGE unlocked 5%, and the remaining tokens were locked for 52 months after 3 months. Weekly linear release.
Yves La Rose, CEO of the EOS Network Foundation (ENF), disclosed the EOS new token economics proposal on the X platform to curb inflation with a fixed supply of 2.1 billion tokens and destroy 80% of the total future supply. Specifically, before the tokens are destroyed, there are 1.5 billion EOS circulating tokens, and the future inflation will be 8.85 billion tokens, with an annual inflation rate of 3%; after the tokens are destroyed, 1.5 billion EOS circulating tokens will be destroyed, and 80% of the future total supply will be destroyed. amount, to permanently curb inflation, 950 million tokens will be minted and distributed. Regarding EOS token allocation, 54.8% is the original token supply, 16.7% is allocated to the RAM market, 11.9% is allocated to staking rewards, 7.1% is allocated to the EOS Network Foundation, 4.8% is allocated to block producers, and 4% is allocated to EOS Labs, 0.7% allocated to middleware. In addition, the EOS token unlocking plan is to be halved every 4 years, and is planned to start at the block height when the circulating supply reaches 1.15 billion.
According to Advisorhub, two executives familiar with Morgan Stanley’s plans revealed that the company is exploring expanding Bitcoin sales to allow its approximately 15,000 brokers to solicit customers to buy. Like other peers, the company began offering related products after the Bitcoin ETF received regulatory approval in January this year, but until then it had only been offered on a non-solicited basis, meaning clients had to actively approach their advisors to invest. Allowing advisors to recommend these products could expand demand but also expose companies to additional liability risks.
Morgan Stanley is still trying to establish "protection rules" for promoted purchases, including risk tolerance requirements and limits on investment allocations and trading frequency, according to one of the executives. Neither executive offered a time frame for when the company might change its policies. "We're going to be very careful," the first executive added, "that we want to make sure that everyone has access to it. We just want to do it in a controlled way."
Peers at Morgan Stanley are taking a similarly cautious approach. Bank of America's Merrill Lynch and Wells Fargo launched related products soon after the Bitcoin ETF was approved, but only accepted inactive purchases, in some cases only for ultra-rich clients. For example, Merrill Lynch requires clients to have at least $10 million or more in assets to purchase a Bitcoin ETF.
Liquidity re-pledge protocol Renzo said on the X platform that after listening to community opinions, it decided to update the token application schedule, token economics and air investment qualifications. Snapshot and claim schedule: The snapshot time is still April 26, and the claim date is changed to April 30 (1 hour before Binance goes online). Token Economics: Community-oriented token allocation increased from 30% to 32%, airdrop allocation increased from 10% to 12%, with total Q1 supply increasing from 5% to 7% (comprised of liquidity and The foundation will bear the additional 2%), and the distribution for the second quarter will still be 5% of the total supply. Airdrop Eligibility: The minimum qualification for the airdrop per wallet is 360 ezPoints, most eligible wallets (more than 99%) will be fully unlocked at TGE, wallets with more than 500,000 ezPoints will have 50% unlocked at TGE, and the remainder will be unlocked at 3 Linear vesting over months.
According to Cointelegraph, in an April 23 filing with the U.S. District Court for the Western District of Washington in Seattle, former Washington prison warden Robert Palmquist said that if former Binance CEO Changpeng Zhao is sentenced to prison, he will “most likely” be in the FDC SeaTac served his sentence. Palmquist, who served as the facility's warden from 2003 to 2009, described the prison as having "little natural light" and being understaffed given the number of inmates. Palmquist said that if Zhao is imprisoned, his wealth and status as a public figure would expose him to threats to his physical and mental health, including but not limited to theft and extortion. He added that Changpeng Zhao would encounter inmates at various security levels and could fall prey to high-security predators due to his naivety about the prison experience and his financial resources.
FDC Seatac, located just south of Seattle-Tacoma International Airport, has a total of 794 inmates, according to its website. Previously, the prison had detained a member of the Proud Boys, who was charged with the attack on the U.S. Capitol on January 6, 2021, and a "crypto-anarchist" named Jim Bell. Bell, who was released in 2012, was charged with tax evasion in the 1990s for "political assassination" - promoting individuals to pay anonymous assassins to kill government officials.
Metaverse unit Reality Labs lost $3.85 billion in the first quarter of this year
Meta’s first-quarter earnings report released on Wednesday showed that its Metaverse division Reality Labs’ revenue was US$440 million, accounting for only about 1% of Meta’s total revenue and a year-on-year increase of about 30%. Meanwhile, Reality Labs reported an operating loss of $3.85 billion in the quarter. Reality Labs has accumulated losses of more than $45 billion since Meta began reporting the business unit separately at the end of 2020. During the company's earnings call, Meta CEO Zuckerberg said: "As we expand capital expenditures and energy expenditures for artificial intelligence, we will continue to focus on operating other businesses of the company efficiently. But in fact, even if we will Many existing resources are diverted to artificial intelligence, and until we have significant revenue from these new products, we will still meaningfully expand the scope of investment." Meta announced on Monday that it will work with third-party hardware companies to develop new VR. The headset uses the same Meta Horizon operating system as the Quest headset.
BlackRock IBIT’s inflows accounted for 24% of total flows across all the firm’s ETFs
According to Bloomberg senior ETF analyst Eric Balchunas, BlackRock is very pleased with the successful performance of its Spot Bitcoin ETF (IBIT). This ETF’s global inflows account for 24% of all BlackRock’s ETF flows, making it an outstanding performer among its 1,000 ETFs. Currently, IBIT's total assets under management exceed $18 billion, second only to Grayscale's funds. In addition, The Block data shows that the cumulative trading volume of all spot Bitcoin ETFs is close to 230 billion US dollars, indicating that this type of financial product has received great attention from investors. Balchunas mentioned this data during an online panel discussion about Hong Kong’s recently approved spot cryptocurrency ETF, saying that this achievement even caught the attention of BlackRock CEO Larry Fink. Since the IBIT ETF was listed in the United States in January this year, it has attracted capital inflows for more than 70 consecutive days, becoming one of the most successful exchange-traded funds in history.
Galxe launches GAL staking feature, reward pool approaches $5 million
Web3 infrastructure and digital credential network Galxe has announced the launch of staking functionality for GAL tokens. By staking GAL tokens, users will be able to participate in upcoming governance upgrades, vote on proposals, and unlock exclusive rewards through the Galxe Earn platform. Galxe Earn's genesis reward pool includes collaborations with Arbitrum, Polyhedra and Merlin, with a total reward of nearly $5 million.
X CEO: A new smart TV app called X TV App will be launched
X CEO Linda Yaccarino announced on her Twitter account @lindayaX that a new smart TV app called the X TV App will be launched soon. The application aims to provide users with a high-quality, immersive large-screen entertainment experience. The X TV App will include the following features: Trending video algorithm: Provides tailor-made popular content to ensure users are always updated. AI-driven themes: Organize videos according to themes to provide a personalized viewing experience. Cross-device experience: Users can start watching a video on their phone and continue on their TV. Enhanced video search: Find content faster with improved video search capabilities. Seamless screencasting: Users can easily cast from mobile devices to the big screen to enjoy videos. Wide availability: The app will be available soon on most smart TVs. Yaccarino also mentioned that the team is under construction and invited community members to share their opinions, emphasizing that the X TV App is built for the community . The HashKey Bitcoin and Ethereum ETF will waive its management fees for the first 4 months.
According to the official website of the Hong Kong Securities and Futures Commission, Boshi Global Exchange Traded Fund (ETF) open-end fund company announced that it will waive management fees for its sub-funds Boshi HashKey Bitcoin ETF and Boshi HashKey Ethereum ETF. This exemption is from April 30, 2024 to August 31 of the same year.
Binance founder and former CEO Changpeng "CZ" Zhao apologized for his "poor decision-making" and accepted "full responsibility" for his actions in a letter submitted to a judge on Tuesday, CoinDesk reported. responsibility". Changpeng Zhao is scheduled to be sentenced on April 30, after he and Binance reached a settlement with the U.S. Department of Justice (DOJ) on charges in November 2023. Although Zhao Changpeng gave up his right to appeal against a sentence of up to 18 months at the time, the U.S. Department of Justice has now sought a 36-month prison sentence. In the letter, Changpeng Zhao told U.S. Judge Richard A. Jones of the Western District of Washington that "I have no excuse for failing to establish the necessary compliance controls at Binance," and assured that this would be his only time with The criminal justice system is in conflict. Changpeng Zhao said he hopes to support biotech startups and youth in the future.
In addition to Zhao Changpeng's letter, there were 161 other letters of support from family members, friends, etc., requesting leniency. Changpeng Zhao's sister, Jessica Zhao, a former Morgan Stanley managing director, said that despite his brother's mistakes, his purpose in life was to do good things for others. She cited the FTX incident as an example and said that Changpeng Zhao ensured that Binance never misused any customer funds. He He Yi, another co-founder of Binance and the mother of Changpeng Zhao’s three children, wrote: “If the cryptocurrency industry is compared to the ‘Wild West,’ then CZ is the guardian of this wilderness.” She Mentioned: "Even the United States has not yet decided how to regulate and define this industry. As a founder who has never managed a company of this scale, he will definitely encounter blind spots." Zhao Changpeng's wife Yang Weiqing mentioned an example, That is, although Binance withdrew from the Japanese market several months ago, it still donated tens of millions of yen to disaster-stricken areas in Japan in 2018. Rachel and Ryan, Zhao's children at an American university, provided an anecdote in support of their father and asked the judge not to define Zhao's character solely by this incident.
One noteworthy letter of support came from Binance’s head of financial crimes compliance and former U.S. Treasury Department agent Tigran Gambaryan, who is currently in a Nigerian jail over Binance’s dispute with Nigeria. The letter was written before his arrest on January 1, 2024. Gambaryan wrote: “While acknowledging CZ’s past mistakes, I can attest that his integrity, business insights, and philanthropic actions have had a ripple effect that has impacted not only Binance’s corporate philosophy, but also positively impacted lives around the world.” Letters of support were also delivered from former U.S. Ambassador to China Max S. Baucus, McGill University Professor Jeremy R. Cooperstock, Columbia University Associate Professor Ronghui Gu, Morgan Stanley Managing Director Sean Yang, and members of the ruling family of the United Arab Emirates. .
Chain game developer InfiniGods completes US$8 million in Series A financing
According to official news, blockchain game developer InfiniGods completed $8 million in Series A financing, with Pantera Capital exclusively investing. InfiniGods previously completed a US$9 million seed round of financing in 2022, led by Pantera Capital, with participation from Framework Ventures, Jefferson Capital, Animoca Brands and Double Peak. It is reported that InfiniGods has created web and mobile games that contain mythological elements. The gameplay includes puzzles, strategy and city construction. InfiniGods co-founder Owen O'Donoghue spent 11 years at Meta, where he helped grow Meta's games division and helped game developers publish, monetize and scale their games.
The number of addresses holding stablecoins increased by 15% this year to 93.6 million
According to rwa.xyz data, the number of addresses holding stablecoins has increased by 15% this year, reaching 93.6 million, a record high. There are currently 35 stablecoins with a total market value of US$157 billion. Among all stablecoins, Tether (USDT), which leads with a market capitalization of $114.07 billion, accounts for more than 80% of stablecoin addresses, followed by USDC and BUSD. The number of addresses transferring stablecoins has also increased rapidly over the years. In March alone, the number of active stablecoin addresses exceeded 26 million for the first time. Data shows that nearly 20 million or 77% of these addresses are based on TRON and Binance Smart Chain (BSC), mainly representing the participation of retail investors.
Rune DOG’s market value is currently close to $350 million
Magic Eden data shows that the market value of the rune DOG•GO•TO•THE•MOON (referred to as DOG) has reached 5399.99 BTC, approximately US$347 million, and the price is currently quoted at 5.4 sats (approximately US$0.0032). Prior to yesterday’s news, Ordinals developers announced that they had airdropped 100 billion DOG tokens to Runestone holders.
According to monitoring by HODL15Capital, the trading volume data of Bitcoin spot ETFs on April 24 are as follows: BlackRock IBIT US$1.17 billion, Grayscale GBTC US$523 million, Fidelity FBTC US$486 million, ProShares BITO US$275 million, ARKB US$173 million, BITB $101 million.
Data: Grayscale GBTC had a net outflow of US$130 million on April 24
On April 24, Grayscale GBTC had a net outflow of US$130 million, Bitwise BITB and Franklin EZBC had no inflow/outflow, and ARKB had a net inflow of US$4 million.
Upbit rides South Korea’s cryptocurrency boom to join top five global exchanges
According to Bloomberg, Upbit’s trading volume accounts for more than 80% of South Korea’s total trading volume. Frenetic trading by local investors means that Upbit is now ranked in the top five in the world by trading volume, neck and neck with Coinbase. Upbit's customers accounted for nearly a fifth of total deposits from its major banking partners last year, prompting a scathing rebuke from a South Korean lawmaker. Now, new legislation enacted to protect investors could inadvertently tighten Upbit’s stranglehold on the market.
Nam HyeonJoon, a spokesman for Bithumb, South Korea's second-largest trading platform, said that under the new regulatory system, cryptocurrency exchanges will have to increase reserves, obtain investor protection insurance and strengthen monitoring of suspicious transactions, which requires both "capital It also requires manpower.”
“The cost of complying with these requirements is likely to be considerable for both existing and new entrants,” said Simon Seojoon Kim, CEO of Korean venture capital firm Hashed, adding that exchanges with deep resources like Upbit will It is easier to meet new standards, and Hashed does not invest in local exchanges to avoid conflicts of interest under South Korea’s regulatory system.
According to on-chain analyst Ember's monitoring, 6 hours ago, the 0x435...7cb address (which should belong to Justin Sun) that has recently been withdrawing ETH and stablecoins from Binance continued to withdraw 7,127.9 ETH (approximately US$22.28 million) from Binance. This address has purchased a total of 154,570 ETH (approximately US$490 million) through Binance withdrawal + on-chain purchase since April 1, with an average price of US$3,140.
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