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Market Updates on March 27
Market Updates on March 27

Bitget·2024/03/27 03:18
Tidal, Hashdex announce trading of spot bitcoin ETF upon completion of fund conversion
Tidal, Hashdex announce trading of spot bitcoin ETF upon completion of fund conversion

The pair renamed the original Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF.The U.S. spot bitcoin ETF is expected to invest 95% of its assets in spot bitcoin, according to the announcement.

The Block·2024/03/27 01:04
SEC seeks $1.9B from Ripple in proposed final judgment
SEC seeks $1.9B from Ripple in proposed final judgment

Ripple CEO and chief legal officer said on Monday that the SEC was seeking nearly $2B in its case

Blockworks·2024/03/27 00:58
FTX Gets Two Dozen Buyers to Sell Majority of its Stake in Anthropic for $884 Million
FTX Gets Two Dozen Buyers to Sell Majority of its Stake in Anthropic for $884 Million

FTX’s sale of a portion of its stake in Anthropic will fetch the bankrupt crypto exchange over $884 million.

Cryptopotato·2024/03/26 23:55
Osmosis, dYdX, Synthetix Spearhead DeFi Development Surge, Uniswap Trails Behind
Osmosis, dYdX, Synthetix Spearhead DeFi Development Surge, Uniswap Trails Behind

Osmosis has been identified as the DeFi project with the highest level of development activity, contrasting with Uniswap, which has shown slower progress.

Cryptopotato·2024/03/26 22:10
Fifth Richest Bitcoin Address Transfers $6 Billion in BTC Amid Surge Past $70K
Fifth Richest Bitcoin Address Transfers $6 Billion in BTC Amid Surge Past $70K

The 94,500 BTC have remained untouched since 2019 when the funds were received by the whale address.

Cryptopotato·2024/03/26 20:25
Flash
16:01
Trump Threatens New Strike on Iran Today, US Stocks Extend Losses, Gold Plunges 3.54% intraday
BlockBeats News, June 10th, according to Bitget market data, after Trump threatened to take action against Iran again today, the US stock market saw a further decline. The Nasdaq fell by nearly 1.5%, the Dow Jones fell by 1.2%, and the SP 500 Index dropped by 0.94%. Spot gold continued its decline, falling by over $20 in the short term, a daily decline of 3.54%. WTI and Brent crude oil both saw a short-term increase of over $1, with an intraday increase of 2%, now trading at $90.78 per barrel and $92.77 per barrel, respectively.
15:39
trade.xyz has launched perpetual contracts for Western Data (WDC), with up to 10x leverage.
BlockBeats News, June 10th, according to official sources, trade.xyz has launched perpetual contracts for the U.S. stock storage sector stock Western Digital (WDC), with up to 10x leverage.
14:48
Sickle Slashes at Index Fund Investors: S&P Dow Jones Indicates SpaceX Eligible for Fast Inclusion in Some Indexes
BlockBeats News, June 10th. Just as the scythe was swung towards index fund investors and American retirement savings accounts, S&P Dow Jones Indices has just announced that SpaceX is eligible for rapid inclusion in certain indexes. However, compared to other index providers, S&P has already shown some convergence. In addition to S&P Dow Jones Indices, other independent index providers have also adjusted their rules for mega IPOs like SpaceX to be quickly included in their indexes. FTSE Russell recently implemented a new rapid entry mechanism, allowing eligible mega-cap companies (such as SpaceX) to be included in the Russell 1000/2000/3000 and FTSE Global Equity Index Series just 5 trading days after listing, mainly based on market capitalization thresholds. Furthermore, Nasdaq (especially Nasdaq 100) has also introduced new "rapid entry" rules, allowing mega IPOs like SpaceX to be included approximately 15 trading days after listing, forcing ETFs and funds tracking the Nasdaq 100 to buy a large number of shares in the short term. Recently, S&P Dow Jones Indices made minor rule adjustments to some of its broad market indexes, mainly relaxing the requirements for public float. These indexes include the S&P Total Market Index and Dow Jones U.S. Total Stock Market Index. After the adjustment, newly listed companies with low public float but large market capitalization, like SpaceX, can be included shortly after listing without the need to meet the strict 12-month listing and profitability thresholds of the S&P 500. Fortunately, S&P will maintain its existing eligibility requirements for major benchmark indexes like the S&P 500, rejecting the proposal to accelerate the rapid inclusion of mega-cap companies like SpaceX in the benchmark index after listing. There will be no shortening of the current 12-month "seasoning period" for new listings, nor exemptions based on company size from the existing profitability and public float requirements. This means that SpaceX will have to wait at least one year after listing to be included in the S&P 500.
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