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US Lawmakers Urge Treasury Secretary to ‘Fill Gaps’ in Crypto Regulations, Call for CFTC Oversight
US Lawmakers Urge Treasury Secretary to ‘Fill Gaps’ in Crypto Regulations, Call for CFTC Oversight

Policymakers in the United States are growing weary over the lack of clarity from regulators on crypto assets.

Cryptopotato·2024/02/07 21:55
Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy
Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy

The updated filing also introduces the possibility of ETH staking.

Crypto Slate·2024/02/07 21:37
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE

The partnership aims broaden ADGM's blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects.

Crypto Slate·2024/02/07 21:37
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing

Quick Take The process of creating and redeeming shares in exchange traded funds had earlier been at the forefront of meetings between the Securities and Exchange Commission and issuers looking to launch spot bitcoin ETFs.

The Block·2024/02/07 20:40
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch

BlockFi asserted that Three Arrows Capital owed them $129 million, while the latter countered with an even bigger claim.

Cryptopotato·2024/02/07 20:10
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan

Quick Take The cross-chain protocol Wormhole announced an airdrop for its W token. The protocol noted that 82% of the tokens will be initially locked and then disperse over a span of four years.

The Block·2024/02/07 18:36
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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