The Block
A total of six crypto-based spot ETFs will begin trading in Hong Kong beginning April 30.Initially, three spot bitcoin and three spot ether ETFs are officially approved to launch at the end of the month.
Popular bitcoin payments app Strike has launched its long-awaited services to eligible customers in Europe. Strike’s “Send Globally” feature allows users to make fast and low-cost local currency remittances using Bitcoin’s Lightning Network.
After the recent fourth halving event, analyst firm Glassnode says bitcoin has surpassed gold in terms of issuance scarcity.Bitcoin has held above the $66,000 mark over the past 24 hours, according to The Block’s Price Page.
Worldcoin says its subsidiary World Assets may routinely sell WLD tokens to meet increasing demand for orb-verified World IDs and support network growth. The subsidiary expects to sell between 0.5 million and 1.5 million WLD tokens per week over the coming months, the project noted.
Grayscale’s GBTC recorded $66.88 million in net outflows, while funds from BlackRock, Ark Invest and Bitwise recorded net inflows, according to SosoValue data.
Quick Take Main proponents of the Worldcoin project, Sam Altman and Alex Blania, have met with Malaysian officials — including the nation’s prime minister — as the two executives seek to bolster government relations. The “proof-of-personhood” crypto project has recently implemented moves designed to demonstrate Worldcoin’s commitment to protecting privacy and users’ personal data after facing several instances of government scrutiny.
The SEC is calling for a New York court to impose $5.3 billion worth of fines on Terraform Labs and its co-founder Do Kwon, citing their roles in the 2022 Terra-Luna collapse. The two parties are contesting the amount of the civil penalties, with Terraform Labs arguing a maximum fine of $3.5 million and Kwon offering to pay $800,000.
Quick Take Block, a digital payments firm co-founded by Jack Dorsey, finished developing a three-nanometer Bitcoin mining chip. Block is ultimately working toward offering standalone Bitcoin mining chips and its own full mining system.
In January, the SEC delayed deciding on BlackRock’s spot Ethereum ETF and later on April 19, Nasdaq filed an amendment to the proposal.In the amended filing, the exchange discussed the ETF’s creation and redemption process.
Standard Chartered has revised its outlook and no longer anticipates the approval of spot Ethereum ETFs in May. However, the bank maintains an optimistic view in the long run, expecting eventual approval.
