Planet Daily | Bitcoin leveraged ETF launched; HSBC allows customers to buy and sell Bitcoin ETF (June 27)

Headlines

Ark Invest: Bitcoin has reached an important turning point

“Sister Wood” Cathie Wood’s Ark Invest recently stated that BlackRock’s application for a spot bitcoin ETF may be an important turning point for bitcoin to gain institutional acceptance. In an email on Monday, Ark Invest noted that “BlackRock’s decision to apply for a Bitcoin ETF suggests that large institutional players are optimistic about the digital asset’s long-term prospects.”

Industry news

Volatility Shares Launches Its 2 x Bitcoin Strategy ETF Today

Volatility Shares plans to launch its 2 x Bitcoin Strategy ETF ( BITX ) today. The fund seeks investment results equivalent to twice the single-day excess return of the S&P CME Bitcoin Futures Daily Roll Index. Cryptocurrency traders in the U.S. will now have convenient and liquid access to leveraged bitcoin exposure through a traditional brokerage account, eliminating the need for a cryptocurrency trading account during a time of legal uncertainty for such platforms, a company spokesperson said.

HSBC Hong Kong allows customers to buy and sell virtual asset ETFs listed on Hong Kong Stock Exchange

HSBC, the largest bank in Hong Kong, today allows its customers to buy and sell virtual asset ETFs listed on the Hong Kong Stock Exchange. It is also the first bank in Hong Kong to allow customers to buy and sell virtual asset ETFs listed on the Hong Kong Stock Exchange. The move will expand local users’ exposure to cryptocurrencies in Hong Kong. Currently, cryptocurrency ETFs listed in Hong Kong include CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.

The negative premium rate of Grayscale GBTC narrowed to 31.32%

According to Coinglass data, the grayscale GBTC negative premium rate has narrowed to 31.32%, which is close to the level in mid-September 2022. The trust premium rates of other mainstream currencies are as follows: ETH: -46.74%; ETC: -57.34%; LTC: -45.90%; BCH: -18.24%; ZEC: -20.62%.

Bitcoin Lightning Network Capacity Reaches 5,630 BTC, Hit All-Time High

The Bitcoin Lightning Network capacity reached 5,630 BTC on Saturday, refreshing the peak record of 5,620 BTC on April 18; it was worth more than 172 million U.S. dollars in U.S. dollars, which also hit a record high. Over the past 12 months, Lightning Network capacity has grown by 42% and 105% in Bitcoin and USD terms, respectively, as adoption continues to grow. (The Block)

FTX Debtors Releases Second Investigative Report: FTX Still Owes Customers $8.7 Billion

FTX Trading Ltd. (FTX.com) and its affiliated debtors today announced the release of a second report detailing the commingling and misuse of customer deposits at FTX.com by the FTX management team. As of the filing date, FTX.com Exchange owes customers approximately $8.7 billion. A third survey report is expected to be published in August 2023.

Project Highlights

Azuki Elementals will be available in a Dutch auction on June 28th

The public sale of Azuki Elementals will start at 0:20 on June 28, Beijing time. Each wallet can mint up to 3 Elemental. The public sale will take place as a Dutch auction with a starting price of 2 ETH. Across all stages, the total supply for sale is 10,000 pieces. According to previous news, Azuki Elementals will be pre-sold on June 28, and Azuki and BEANZ holders will receive airdrops of soul-bound tokens.

Huang Licheng sold 19 BAYC again yesterday, the third sale in 10 days

Data on the chain shows that Huang Licheng’s address sold 19 BAYC again at a price of 651.56 ETH in Blur yesterday.

According to the news on June 24, Huang Licheng sold several BAYC, MAYC and Azuki NFTs in the past 4 hours.

DWF Labs raises 700 million JASMY from Gate.io

According to Lookonchain monitoring, DWF Labs proposed 700 million JASMY from Gate.io, which is about 3.1 million US dollars. According to previous reports, JASMY token deployers deposited a total of 770 million JASMY into Gate io this afternoon, or about $3.43 million.

DIVA Protocol launched the main network and issued DIVA tokens, and airdrop applications have been opened

DIVA Protocol has been deployed on Ethereum, Polygon, Arbitrum One, Gnosis. Meanwhile, the DIVA token has been officially launched with a maximum supply of 100 million. Currently, users can check the total qualifications for DIVA airdrops. 34 million DIVA have been allocated to protocol contributors, Pre-seed round investors and testnet event participants. DIVA Protocol is a decentralized derivatives protocol that provides users with a variety of derivatives investment products. In addition, the agreement also provides derivative solutions, aiming to create a DIVA-based ecosystem, and developers can develop dApps based on the agreement.

Investment and Financing

Web3 company SPYCE.5 completed 1 million euros in financing, IOTA co-creation David Sønstebø participated in the investment

Web3 infrastructure startup SPYCE.5 recently announced the completion of 1 million euros in financing, with angel investor and IOTA co-founder David Sønstebø participating. SPYCE.5 provides sustainable blockchain and Web3 infrastructure, data and digital identity as a service, and helps enterprises take advantage of blockchain infrastructure and application advantages through scalable and user-friendly tools and Web3 plug-and-play platform, Allow users to easily use decentralized and sustainable technology.

“Web3+” fintech company Velo Labs completes $10 million in financing led by DWF Labs

Fintech company Velo Labs has announced the completion of a $10 million funding round led by DWF Labs. Velo Labs mainly uses blockchain technology to create a compliant financial ecosystem. The funds will be used to develop its “Web3+” financial ecosystem and promote the global flow of assets without trust, formless, borderless and unlimited . Velo Labs’ products and services include multi-asset trading on Universe and the upcoming crypto payment super app Orbit.

Metaverse gaming platform AvatarLife completes $1.5 million seed round led by Info Edge Ventures

Metaverse game platform AvatarLife completed a $1.5 million seed round of financing led by Info Edge Ventures. Funds from this round of financing will be used for product development, community building, and expanding its global team. It is reported that Info Edge Ventures is the investment arm of Info Edge India Ltd, the parent company of Naukri.com. This is Info Edge Ventures’ third investment in gaming, following investments in fantasy esports platform Fanclash and VR-based toymaker Mirana.

Hut 8 to Receive $50M Line of Credit from Coinbase Credit

Mining company Hut 8 Mining Corp announced that, along with its subsidiary Hut 8 Holdings Inc., it has entered into a $50 million credit line agreement with Coinbase Credit, Inc. as lender. Borrowed funds will be used for general corporate purposes.

Regulatory Trends

Coinbase CEO: U.S. is wasting early lead, needs sound crypto regulations

Coinbase CEO Brian Armstrong tweeted that the U.S. is wasting its early lead, partly because SBF embarrassed some politicians and regulators who now want to be tough on cryptocurrencies. Everyone else is moving on, and no one in the UK, UAE, etc. is really talking about FTX. The solution to this problem is to have sound regulations so consumers are protected and these problems stop happening.

Binance Drops Plans to Delist Multiple Privacy Coins in Europe

Binance stated that in order to comply with local regulations, the company has revised the classification method and decided to cancel the plan to delist various privacy tokens in Europe. “After careful consideration of feedback from our community and several projects, we have revised the way privacy coins are categorized on our platform to comply with EU-wide regulatory requirements.”

People familiar with the matter: Binance has withdrawn its Austrian license application

Binance recently withdrew its license application to the Austrian Financial Market Authority (FMA), according to people familiar with the matter. Authorities are said to be working behind the scenes to exert pressure. In an interview with Finance Forward, a Binance spokesperson said, “We cannot provide details of our discussions with regulators, but wherever Binance operates, we will continue to act on our commitments. In Europe, our current focus It’s about making sure we’re fully compliant with the MiCA-related requirements when they roll out late next year.