Today's News Highlights:

US SEC Chairman Gary Gensler Condemns Crypto Bill FIT21 Ahead of House Vote

Trump Campaign Accepts Cryptocurrency Donations, Including Dogecoin and Shiba Inu

Solana Wallet Phantom Acquires a16z-Backed Wallet-as-a-Service Platform Bitski

WisdomTree Approved to List Bitcoin and Ethereum ETPs on London Stock Exchange

Mocaverse Announces MOCA Airdrop Details, Moca NFT and Moca ID Holders Eligible for Allocation

EU Council Officially Approves AI Act, World's First Comprehensive AI Regulation

Six Spot Ethereum ETF Applicants Submit Amended 19b-4 Filings

Web3 Social Media Platform Farcaster Raises $150 Million, Led by Paradigm

Regulatory News

US SEC Chairman Gary Gensler Condemns Crypto Bill FIT21 Ahead of House Vote

According to The Block, US Securities and Exchange Commission (SEC) Chairman Gary Gensler publicly expressed his opposition to the Financial Innovation and Technology Act of the 21st Century (FIT21 Act) in a statement released on Wednesday.

In the statement, Gensler said, "FIT21 will create new regulatory gaps and undermine decades of precedent regarding the regulation of investment contracts, exposing investors and capital markets to immeasurable risks." The SEC Chairman's main argument is that HR 4763 undermines the classification of crypto assets as investment contracts, which would remove them from SEC oversight and hinder investor protection efforts. Gensler believes that FIT21 would allow crypto companies to self-certify their crypto investments and products as "decentralized" and belonging to a "special category" of "digital commodities," thereby avoiding SEC scrutiny. Gensler stated that the agency's ability to challenge these self-certifications would be limited by resource constraints, potentially leaving the vast majority of the crypto market unregulated. Gensler also noted that the bill excludes crypto trading platforms from the definition of exchanges and abolishes historically tested frameworks like the Howey Test, ultimately putting investors at risk.

Previously, several US House Democrats petitioned colleagues to join the camp supporting the FIT21 crypto bill; former US House Speaker Pelosi may support the FIT21 crypto bill. Sources say the US SEC is inclined to approve a spot Ethereum ETF.

Trump Campaign Accepts Cryptocurrency Donations, Including Dogecoin and Shiba Inu

According to The Block, US Republican presidential candidate Donald Trump announced that he will accept political donations in the form of cryptocurrencies. According to Trump's website, his 2024 campaign will accept Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu, among other cryptocurrencies.

Hong Kong Privacy Commissioner Rules Worldcoin Violates Privacy Ordinance, Orders to Stop Collecting Iris and Facial Images

According to Sing Tao Daily, the Hong Kong Privacy Commissioner completed an investigation into the Worldcoin project and released the findings today (22nd). After considering the facts of the case and the information obtained from the investigation, Privacy Commissioner Ada Chung ruled that Worldcoin's operations in Hong Kong violated the Privacy Ordinance regarding the collection, retention, transparency, access, and correction of personal data. The Worldcoin project was ordered to stop collecting iris and facial images of citizens in Hong Kong using iris scanning devices.

US Prosecutors Recommend 5-7 Years Imprisonment for Former FTX Executive Ryan Salame

According to Bloomberg, in a sentencing memorandum submitted to the Manhattan federal court on Tuesday, US federal prosecutors stated that former FTX executive Ryan Salame should be imprisoned for five to seven years. Prosecutors said the 30-year-old man admitted to committing "serious crimes that warrant a severe sentence to ensure Salame receives just punishment." Salame's lawyers argued that his sentence should not exceed 18 months. Salame will be sentenced on May 28.

WisdomTree Approved to List Bitcoin and Ethereum ETPs on London Stock Exchange

According to CoinDesk, WisdomTree's physically-backed Bitcoin (BTCW) and Ethereum (ETHW) exchange-traded products are expected to be listed on the London Stock Exchange for professional investors on May 28, with a ban on retail investors. They will charge a fee of 35 basis points.

AI&NFT&Metaverse

Yangzhou Issues "Metaverse Industry Cultivation and Development Action Plan (2024-2026)"

According to the official website of the Jiangsu Provincial Government, Yangzhou recently issued the "Metaverse Industry Cultivation and Development Action Plan (2024-2026)," aiming to achieve a metaverse-related industry scale of 10 billion yuan by 2026, driving the city's software and information service industry revenue to exceed 20 billion yuan. The plan includes four major actions: enhancing innovation capabilities, attracting and cultivating industry leaders, integrating application scenarios, and building an industrial ecosystem. The actions involve promoting metaverse-related enterprises to penetrate the VR wearable device industry chain, developing AI service platforms, and creating digital IPs and digital human images with Yangzhou characteristics. The plan also aims to attract industry leaders, incubate specialized metaverse technology companies, and encourage film production, game development, and software R&D companies to adopt a crowdsourcing development model. Additionally, it seeks to create typical metaverse application scenarios, build industrial metaverse open platforms, and explore virtual brand endorsements and virtual live economy. The plan also emphasizes the research and deployment of new network technologies like 5G-A/6G and satellite internet, and encourages local universities to establish metaverse-related majors.

Mocaverse Announces MOCA Airdrop Details, Moca NFT and Moca ID Holders Eligible for Allocation

Animoca Brands' Web3 project Mocaverse announced partial details of the MOCA airdrop distribution on the X platform: Moca NFTs will account for 10% of the total MOCA supply (31.7% of the entire network incentive distribution), with one-third unlocked at TGE (more details to be disclosed); the Moca ID airdrop will be launched in two phases; the TGE unlock for "network incentives" will increase from 15% to 20%; the total airdrop amount cap will be unlocked by the first two batches of network rewards distribution (first batch - TGE unlock, second batch TGE+1 month unlock); consideration will be given to including external communities in the airdrop distribution, including but not limited to strategic partnerships and marketing incentives, subject to final changes. 

Specifically: 

  • Moca NFT holders (circulating NFTs only): 10% of MOCA supply, users need to hold NFTs at the time of airdrop claim to be eligible, with one-third unlocked at TGE, one-third vested weekly over 12 months, and one-third reserved for future incentives;

  • Moca ID holders: The airdrop for Moca ID holders will be executed in two rounds, the first round with no vesting period, and the second round post-TGE, details to be announced. A minimum RP threshold will be required for airdrop eligibility (to be announced along with the mechanism near TGE). RP is a form of proof of participation, and the airdrop will be distributed non-linearly based on participation;

  • Using network incentives: The remaining network incentives (and other network tokens) will be distributed to all participants based on the value-based mechanism of the Moca network, including MOCA holders, Moca ID, and Moca NFT holders.

EU Council Officially Approves AI Act, World's First Comprehensive AI Regulation

According to CLS, on Tuesday local time, the EU Council officially approved the AI Act, the world's first comprehensive regulation on artificial intelligence (AI). The European Commission proposed the AI Act in 2021 to protect citizens from the harms of this emerging technology. After multiple rounds of negotiations and consultations, the European Parliament approved the act in March this year. As the two main legislative bodies of the EU, the EU Council and the European Parliament play the roles of the upper and lower houses, respectively. The EU AI Act imposes strict transparency obligations on high-risk AI systems, while requirements for general AI models are lower. With both legislative bodies having approved it, the act will be published in the EU Official Journal and will take effect 20 days after publication.

Microsoft Releases Multiple AI Product Updates at Midnight, Altman Teases New OpenAI Model

According to Jiemian News, on May 22, the Microsoft Build 2024 Developer Conference was held in Seattle, USA. The tech giant released more than 50 updates, ranging from AI infrastructure to model product implementation. Notable updates include: Team Copilot, transforming personal intelligent assistants into team assistants; Microsoft Fabric, providing SaaS solutions with real-time intelligence; Azure AI, introducing new cutting-edge models and multimodal capabilities; and Cobalt chips, updating self-developed AI chips. Microsoft

At the beginning of his speech, Microsoft CEO Satya Nadella talked about two dreams for computers: "One is to make computers understand us, rather than us understanding computers; the other is to help us reason, plan, and act effectively based on information in an increasingly information-rich world."

OpenAI CEO Sam Altman teased OpenAI's new model at the conference, stating that the new modalities and overall intelligence will be key to OpenAI's next model. He said the model will be smarter, more powerful, and safer, and GPT-4o will be faster and cheaper. Altman noted that the industry has not experienced a platform shift for some time, but it is currently undergoing such a period. He advised developers to take advantage of this moment, "Now is not the time to delay plans or wait for the next opportunity. This is a special moment, and many things will happen in the coming years, with many great new things starting to emerge."

Project Updates

Standard Chartered Bank Executive: Bitcoin Expected to Hit All-Time High Over the Weekend

According to The Block, Geoff Kendrick, Head of FX Research and Digital Assets Research at Standard Chartered Bank, expects Bitcoin to hit an all-time high over the weekend, reaching the March 14 level of $73,798. Kendrick added that this week's optimism around the potential approval of a spot Ethereum ETF has made him more confident in his Bitcoin price target, which is $150,000 by the end of 2024 and $200,000 by the end of 2025. Kendrick also noted that recent days have been more constructive, with increased inflows into spot Bitcoin ETFs, bringing the total to a record high of $12.9 billion.

Gala Community Initiates "Temporary GALA Token Contract Upgrade and Token Burn" Governance Proposal

According to the official governance website, the Gala community has initiated a "Temporary GALA Token Contract Upgrade and Token Burn" governance proposal. The proposal states that due to recent security incidents resulting in the unauthorized minting and sale of approximately 600 million GALA tokens and the permanent locking of approximately 4.4 billion tokens, this proposal aims to formally burn these approximately 4.4 billion GALA tokens, as well as approximately 600 million GALA tokens from the GALA treasury, to ensure the stability and sustainability of the ecosystem. Due to the upgradable nature of the GALA contract, the proposed changes will not require exchanges to redeem or relist and can be executed without affecting all GALA token users. This move will involve upgrading the GALA contract, including the explicit and irreversible destruction of the same number of unauthorized tokens or tokens deemed illegally obtained by law enforcement, and enhancing the contract's security features to prevent future unauthorized access or breaches.

Earlier news reported that the Web3 gaming platform Gala Games was hacked yesterday, and the attacker has since returned approximately $22.5 million worth of ETH.

Cosmos Launches Cross-Chain Auction Platform Hydro for Efficient Liquidity Deployment in Cross-Chain Ecosystems

According to official news, Cosmos announced the launch of the cross-chain auction platform Hydro. Hydro is a bidding and governance platform for efficiently deploying liquidity in cross-chain ecosystems and is a core part of the "ATOM wars." Hydro draws on the "Curve wars" on Ethereum, applying a similar model to enhance governance and strategic liquidity provision. Hydro will enable Cosmos Hub and other projects to leverage the demand from other projects to add ATOM and other token liquidity to their systems. Hydro offers key features such as token locking, voting rights, bidding rules, voting rules, and fund allocation rules. Native token holders lock their tokens on the platform in exchange for "Hydro locked tokens," granting them influence over fund allocation decisions through a series of periodic auctions. Projects compete for access to these funds through the governance power of hATOM holders (although Hydro may accept multiple native tokens for locking in the future, the current focus is on ATOM/hATOM). This process operates as an auction market. Fund allocation to projects is temporary (similar to loans), promoting competition and ensuring resources are distributed to multiple projects over time.

Coinbase Partners with Meta, Ripple, and Others to Form Technology Anti-Fraud Alliance to Combat Online Fraud and Financial Scams

According to the official blog, cryptocurrency exchange Coinbase announced the launch of a technology anti-fraud alliance with industry leaders such as Match Group (parent company of Tinder and Hinge), Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organization (GASO) to combat online fraud and financial scams. This collaboration aims to protect and educate users, emphasizing that scams are a technology-wide issue, not limited to social media, cryptocurrency, or finance. Coinbase stated, "By sharing knowledge and best practices, we strive to create a safer digital environment."

ConsenSys CEO: Ethereum Spot ETF Could Lead to Ethereum Supply Shortage

According to DL News, Ethereum co-founder and founder and CEO of crypto infrastructure company ConsenSys, Joe Lubin, stated that if an Ethereum spot ETF is approved, the resulting "demand flood" for Ethereum could lead to a supply shortage. Lubin explained that institutions already exposed to Bitcoin through the newly launched Bitcoin ETF are "most likely to want to diversify their investments into the second approved ETF," and the natural, pent-up demand to buy Ether through the ETF will be quite large. However, compared to the approval of the Bitcoin spot ETF in January this year, there will be less supply available to meet this demand. In the case of Bitcoin, authorized participants (i.e., companies that buy Bitcoin daily on behalf of the ETF) can simply purchase idle Bitcoin on exchanges or through over-the-counter counterparties. But on-chain data shows that over 27% of the total Ethereum supply is staked on the Ethereum network. These Ethers are locked in contracts, earning yields for their owners.

Lubin said, "A lot of Ethereum is used in core protocols, decentralized financial systems, or DAOs." In other words, the market value of Ethereum is not only lower than Bitcoin—which makes Ether's price more sensitive to capital inflows—but also a significant portion of its supply is unavailable for ETF use. Additionally, new activities on Ethereum will lead to the destruction of a large amount of existing Ether supply over time, further limiting supply.

Six Spot Ethereum ETF Applicants Have Submitted Revised 19b-4 Filings

According to Watcher.Guru, six spot Ethereum ETF applicants have submitted revised 19b-4 filings, including VanEck, Fidelity, Franklin, Ark Invest, Grayscale, and Invesco Galaxy.

Earlier today, it was reported that Grayscale's latest spot Ethereum ETF application has removed staking language, and Fidelity has excluded the possibility of earning staking rewards in its S-1 registration statement. Later news indicated that CoinShares and Valkyrie will not apply for a spot Ethereum ETF; financial lawyer Scott Johnsson stated that the spot Ethereum ETF may take time in the S-1 application approval process, as the spot Bitcoin S-1 filing took four months to approve.

Jupiter Launches Giant Unified Market Plan and Forms GUM Alliance to Incorporate All Assets into a Single Market

Solana ecosystem trading aggregator Jupiter announced on the X platform that it is launching the "Giant Unified Market (GUM)" plan, aiming to bring all assets, including Meme coins, real-world assets, stocks, and forex assets, onto the Solana chain and index them on Jupiter, allowing users to trade all assets in a single market. To achieve this vision on Solana, Jupiter is launching the GUM Alliance, composed of top asset, liquidity, and distribution teams, and will complete three main tasks with these partners in the coming months: 1. Bringing more assets to Solana; 2. Creating liquid markets for these assets; 3. Integrating these markets into Jupiter and promoting their adoption.

zkSync Plans to Conduct TGE This Week and Airdrop in Mid-June

According to The Block, citing sources, zkSync plans to conduct a token generation event (TGE) this week and an airdrop in mid-June (around June 13). Sources said that zkSync's token issuance (including the airdrop) will take place within 30 days after the TGE, with a total supply of 21 billion tokens. zkSync hopes to use ZK as its token, but due to Polyhedra Network already using that code, some issues have arisen. Sources said zkSync can still use ZK and emphasized that Binance has not yet listed Polyhedra's token.

Ripple CLO: Gary Gensler Has Become a "Tricky Political Burden" for U.S. Authorities

According to The Block, as the hype around the potential approval of a spot Ethereum ETF intensifies, Ripple Chief Legal Officer Stuart Alderoty described U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler as a "tricky burden." Responding to discussions about the SEC becoming a hot topic before the election, Alderoty wrote on X, "Gensler overplayed his hand. He thinks crypto is an easy target, and he likes being the person everyone loves to hate. He thinks he's above congressional oversight. Those days are over. He is now a tricky political burden." This view continues the noticeable and sudden shift in the Democratic Party's attitude towards cryptocurrency before the November election. Some claim that the SEC's sudden request for exchanges to amend their spot Ethereum ETF filings indicates its desire to appear more crypto-friendly as the industry plays an increasingly important role in garnering votes. A person familiar with the matter said, "This is a completely unprecedented situation, which means it's entirely political," specifically referring to the agency's sudden request for amendments. This view was underscored by yesterday's news that former U.S. President and current Republican candidate Trump's campaign team is now accepting cryptocurrency.

Open Campus to Sell Major Nodes of EDU Chain, Details to Be Announced in June

According to the official blog, Web3 education platform Open Campus announced the upcoming sale of major nodes of EDU Chain, a Layer 3 blockchain designed specifically for education by Open Campus. The major node sale will include pre-sale and public sale, with details to be announced in June.

The major node sale of EDU Chain aims to

The tiered approach encourages early participation, with node prices increasing at each level. A portion of the sequencer fees will be paid to the main node operators to thank them for helping to validate transactions on the EDU chain, and the main nodes can be transferred one year after the sale.

Later news, Animoca Brands announced its plan to purchase more EDU tokens from the open market.

Solana wallet Phantom acquires a16z-backed wallet-as-a-service platform Bitski

According to The Block, Solana wallet Phantom has acquired the wallet-as-a-service platform Bitski, backed by notable investors such as Andreessen Horowitz (a16z) and Galaxy Digital. As part of the Bitski acquisition, Phantom plans to introduce embedded wallets into Solana to provide an easy onboarding experience similar to web2. Users will soon be able to register and log in to Phantom using only their email addresses. Phantom co-founder and CEO Brandon Millman stated that the Bitski team, including its co-founders, will join Phantom and expand its current team of over 80 people. Bitski has raised at least $25.5 million in funding, with investors including a16z, Galaxy Digital, Coinbase Ventures, Winklevoss Capital, Kindred Ventures, American billionaire rapper Shawn "Jay-Z" Carter, and former American professional tennis player Serena Williams. To date, Phantom has raised a total of $118 million in funding, with investors including a16z, Paradigm, Solana Ventures, Variant, and Alliance.

Cross-chain protocol deBridge announces the launch of governance token DBR with a total supply of 10 billion

According to The Block, cross-chain interoperability protocol deBridge has announced the launch of its governance token DBR. DBR is based on the Solana chain, with a total supply of 10 billion tokens. The token distribution plan includes allocating 20% to community launch and its community, with an initial circulating supply of 1.8 billion DBR. Of the remaining supply, 26% is allocated for ecosystem support, 20% for core contributors, and 17% for strategic partners. deBridge aims to decentralize governance power to the community through a DAO. DBR token holders can stake their tokens to participate in DAO governance voting, deciding on protocol parameters, including election activities.

Foreign media: Do Kwon met with the Prime Minister of Montenegro before being arrested, and the two may have reached a transaction agreement

According to Protos citing Montenegrin media, Terraform co-founder Do Kwon and former executive Han Chang-joon purchased a luxury apartment in the Serbian capital Belgrade before heading to Montenegro. They may have met with Montenegrin Prime Minister Milojko Spajić at some point before their arrest. Former Montenegrin Prime Minister and current MP Dritan Abazović claimed that the two might have been associating with Serbian elites and evading law enforcement agencies with a larger scheme in mind. Abazović stated that sources told him Do Kwon and Prime Minister Milojko Spajić met at Topalovićeva 4 in Belgrade, and Spajić might have reached an agreement with Do Kwon to purchase millions of dollars worth of Terra/Luna tokens for a hedge fund named Das Capital, registered in Bulgaria and headquartered in Singapore. Spajić was able to buy these tokens at 10 cents and sell them at $118, although there is no evidence to support this claim. It is worth noting that Spajić did work at Das Capital, but it is unclear when he last helped the company with transactions and whether the hedge fund is involved in cryptocurrencies.

A single multi-signature wallet holding permissions for 12 Ethereum L2 networks may put $121 million at risk

According to Cointelegraph, a multi-signature crypto wallet with permissions from 12 different blockchain networks has recently drawn attention. If this wallet is compromised, the involved networks could face a risk of up to $121 million in funds loss. L2Beat researcher Luca Donno revealed that these networks include Zora, Aevo, Hypr, Orderly, Ancient8, Lyra, Mode, Pgn, Parallel, and Metal—all created using Conduit rollup creation software. However, Conduit founder Andrew Huang stated that this wallet requires three out of five signatures from the team to execute transactions, with private keys stored in hardware wallets, making it possible to compromise only through "physical means to obtain the private keys of 3/5 individuals." To further enhance security, Huang plans to upgrade the system to a seven-out-of-five multi-signature in the coming weeks. He believes that as Layer 2 enters the decentralized "second stage," centralization risks will be further reduced. Data shows that multiple Conduit-based networks use the same wallet to handle tasks such as network upgrades and bridging. L2Beat data indicates that the Aevo account has "unrestricted upgrade permissions" and the ability to "potentially access all funds." The total locked value (TVL) of Conduit network Lyra exceeds $20 million, with L2Beat listing the same wallet as "ConduitMultisig," also having the ability to "access all funds."

X platform plans to hide users' "like" information, Vitalik suggests Farcaster emulate this policy using zupoll technology

Engineers at social media platform X stated on the X platform that X is making likes private. Public likes incentivize wrong behavior. For example, many people are reluctant to like potentially "sharp" content for fear of retaliation from trolls or to protect their public image. Soon, users will be able to like without worrying about who will see it. Additionally, the more posts users like, the better the recommendation algorithm will become for them. 

In response, Ethereum co-founder Vitalik Buterin commented: "This is a great decision. Preference falsification is a big problem in society, and we need to see people's honest opinions. It would be cool if Farcaster could emulate this and implement ZK likes. Maybe they could borrow zupoll's technology."

Funding News

Web3 social media platform Farcaster completes $150 million funding round led by Paradigm

According to The Block, Web3 social media platform Farcaster has completed a $150 million funding round led by Paradigm, with participation from a16z crypto, Haun Ventures, USV, Variant, and Standard Crypto. The new funds will be used to increase daily active users and hire more engineers. Farcaster is a decentralized social media platform based on Optimism, allowing users to better control their data and enabling developers to enhance the platform through mini-apps. According to previous reports, in March of this year, sources revealed that Farcaster developer Merkle Manufactory was about to complete a funding round led by Paradigm, with a valuation of approximately $1 billion. Farcaster had previously completed a $30 million funding round in July 2022, led by a16z.

Binance Labs announces investment in derivatives trading platform Aevo

Binance Labs announced an investment in Aevo, a high-performance Layer 2 (L2) platform built on the OP Stack, supporting perpetual contracts, pre-launch futures, and options trading, using a single margin account on the same platform. Aevo is a decentralized derivatives trading platform focused on options and perpetual contracts. Its technical architecture functions as an off-chain order book with on-chain settlement on Ethereum and uses Celestia as a high-throughput data availability layer to improve scalability. Supported by Paradigm, Dragonfly, and Coinbase Ventures, Aevo is a rebranded version of the previous DeFi options protocol Ribbon Finance and was voted on in the Ribbon Finance RGP-33 governance proposal. So far this year, Aevo's derivatives trading volume has exceeded $80 billion, generating over $30 million in fees, with an average of 50,000 monthly active users (MAU) on the platform. As part of its future roadmap, Aevo will launch vault strategies, yield products, and Aevo staking. It will allow developers to deploy their dApps on Aevo L2 without permission.

Important Data

Total open interest in Ethereum futures contracts across the network reaches approximately $15.4 billion, setting a new all-time high

Coinglass data shows that the total open interest in Ethereum futures contracts across the network has risen to 4.1 million ETH (approximately $15.4 billion), an increase of 4.55% in the past 24 hours, setting a new all-time high in dollar terms (still short of the 2022 peak of 5 million ETH in ETH terms). Among them: Binance ranks first with 1.58 million ETH (approximately $5.94 billion) in open interest in Ethereum contracts. Bybit ranks second with 850,000 ETH (approximately $3.19 billion) in open interest in Ethereum contracts.

Wintermute withdrew 5.68 million OP from Kraken 22 hours ago, worth approximately $16.12 million

According to The Data Nerd monitoring, 22 hours ago, Wintermute withdrew 5.68 million OP (worth approximately $16.12 million) from Kraken. Currently, their wallet holds 6.4 million OP (worth approximately $17.81 million).

U.S. Bitcoin spot ETFs had a total net inflow of $306 million yesterday, continuing a 7-day net inflow

According to SoSoValue data, yesterday (Eastern Time, May 21), Bitcoin spot ETFs had a total net inflow of $306 million. Yesterday, Grayscale ETF GBTC had a single-day net outflow of $0.00, with a historical net outflow of $17.611 billion. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of $290 million, bringing its historical total net inflow to $15.991 billion.

Next is Fidelity's ETF FBTC, with a single-day net inflow of $25.8039 million. Currently, FBTC's historical total net inflow has reached $8.576 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $58.91 billion, with an ETF net asset ratio (market value to total Bitcoin market value ratio) of 4.29%. The historical cumulative net inflow has reached $13.173 billion.

PANews APP feature update, download and experience now!

[Comments] Speak freely, exchange views

[Floating Window] Resume reading anytime

[In-text Search] Quickly locate, go straight to the core