05/08 #ByToken Key quick-read daily reports (daily output, follow and like, no messages missed)
▰ Grayscale withdraws its Ethereum futures ETF application
Grayscale has submitted a notice to the SEC to withdraw its application for an Ethereum futures ETF, with the final decision date scheduled for May 30.
▰ SEC Chairman warns the crypto market is highly risky
SEC Chairman Gary Gensler pointed out that there are frauds and legal problems in the encryption market, and investors lack necessary information disclosure and need to be more vigilant.
▰ Once FTX completes asset sales, it can distribute US$16.3 billion to creditors
FTX stated that once all assets are sold, up to US$16.3 billion in cash will be available for distribution, which will be a rare high compensation amount in a bankruptcy case.
▰ Wintermute provides liquidity to Hong Kong ETFs
Crypto trading firm Wintermute will provide liquidity to Hong Kong Bitcoin and Ethereum ETFs, partnering with OSL Digital Securities and HashKey HK Exchange.
▰ Avail starts the second phase of airdrop activity
Polygon project Avail has launched the second phase of airdrop activity, providing rewards to Clash of Nodes participants and PoS Liquid Stake protocol users.
▰ Layer1 blockchain Peaq launches token on CoinList
Peaq will launch native PEAQ tokens on CoinList to provide support for DePIN and machine RWA areas, restricting participation in some regions.
▰ Vitalik Buterin proposes EIP-3074 alternative
Ethereum founder Vitalik Buterin proposed an alternative to EIP-3074, aiming to improve the ease of use of crypto wallets.
▰ Susquehanna International buys Bitcoin ETF
Asset management company Susquehanna International has purchased $1.3 billion worth of Bitcoin spot ETFs.
▰ CBOE changes Franklin Bitcoin ETF rules
Chicago Board Options Exchange proposed to amend the Franklin Bitcoin ETF rules to adjust the time when baskets are created for cash transactions.
▰ Bybit cooperates with Ethena Labs to launch USDe mortgage trading pair
Bybit partners with Ethena Labs to launch USDe collateralized trading pairs and incorporate them into spot trading for Bitcoin and Ethereum.
▰ Galaxis completes US$10 million in financing
Singapore-based Web3 platform Galaxis has raised $10 million in funding and is about to launch a token aimed at helping creators and brands launch NFT collections.
▰ Botanix Labs announced the completion of US$11.5 million in financing
Botanix Labs completed $11.5 million in financing and focuses on building Spiderchain technology to protect decentralized, Bitcoin-based financial systems.
▰ CoinShares: Digital asset investment products experienced capital outflows for the fourth consecutive week
Global digital asset investment products have experienced capital outflows for the fourth consecutive week, especially newly issued ETFs in the United States recording measurable capital outflows for the first time.
▰ 168 asset management companies disclosed their holdings of BlackRock IBIT
168 asset managers disclosed their holdings of BlackRock IBIT, with the largest two based in Hong Kong.
▰ On May 7, the net outflow of grayscale GBTC funds was US$29 million.
HODL15Capital monitoring shows that on May 7, grayscale GBTC had a net outflow of US$29 million, ARKB had an inflow of US$3 million, and there was no other inflow or outflow.