The Block
Bitcoin investment funds, including ETFs, now manage over one million BTC — worth around $67 billion at current prices.The bulk, over 83% of this sum, is attributed to U.S. spot and futures bitcoin ETFs.
Cathie Wood’s Ark Invest offloaded another 134,749 Coinbase shares on Monday — worth $30.9 million.COIN surged a further 11% to $229.15 as of market close yesterday — the highest level in more than two years.
Quick Take Taiwan’s Financial Supervisory Commission is studying the possibility of a special act focused on crypto and plans to release preliminary results in September.
Quick Take Fantom seeks to liquidate Multichain Foundation to claw back lost assets in the exploit that occurred last July.
Quick Take Over 31.5 million ether, currently valued at $115 billion, is staked on Ethereum. The amount ether staked exceeds 26% of Ethereum’s supply.
Quick Take The SEC last week objected to Terraform Labs’ $166 million payment to retain Dentons as its special counsel. Terraform Labs called the SEC’s legal objections a “troubling example of government overreach.”
Quick Take The SEC delayed making a decision and asked for public comment for two proposed spot Ethereum ETFs from Fidelity and BlackRock. The agency asked specifically about whether Ethereum’s proof of stake mechanism raised ” unique concerns about ether’s susceptibility to fraud and manipulation.”
MicroStrategy, which owns 193,000 bitcoin, had its shares skyrocket by more than 23% on Monday as the price for the cryptocurrency trade above $67,000.The company’s stock of bitcoin exceeded a value of $13 billion.
Quick Take The second highest ever CryptoPunk sale took place for 4,500 ETH, worth nearly $16 million. The sale was of CryptoPunk #3100, one of nine so-called “Alien Punks.”
Legal issues make the denial of spot ether ETFs by May more likely than the general sentiment, according to crypto lawyer Jake Chervinsky.Opinions on the likelihood and significance of spot ether ETF approvals this year remain varied.
