Weekly Update: 18 Jan 2024
1) BlackRock CEO Larry Fink backs Ether ETF [CoinDesk]
– The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization.
2) ProShares files for five leveraged and inverse bitcoin ETFs [The Block]
– One of those funds “seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Bloomberg Galaxy Bitcoin Index,” according to the prospectus materials.
3) Filecoin Foundation explores space for decentralized storage system [Cointelegraph]
– Filecoin Foundation president Marta Belcher explained that centralized architecture can face issues like files getting corrupted when in space.
4) Hong Kong Virtual Asset Consortium removes XRP from global crypto index [Cointelegraph]
– Solana took over XRP’s position in HKVAC’s top five cryptocurrencies global index, with AVAX replacing Tron amid market fluctuations in the past 30 days.
5) US senators call for investigation of SEC over ‘compromised’ Bitcoin ETF tweet [Cointelegraph]
– Senators Ron Wyden and Cynthia Lummis questioned the SEC’s lack of multifactor authentication and phishing-resistant hardware tokens for its X account.
6) Singapore bill would expand control over crypto financial products [Cointelegraph]
– The Monetary Authority of Singapore would be able to give written directions on conducting unregistered business among several new powers.
7) TrueUSD stablecoin depegs as holders dump $330M in TUSD [Cointelegraph]
– TUSD tumbled as low as $0.984 on Jan. 15, amid reports that holders are cashing out for USDT and reported difficulties posting real-time attestations of its reserves.
8) UBS and Citi will let some customers trade Bitcoin ETFs, contrary to rumors [CoinDesk]
– The banking giants’ decisions contrast with Vanguard’s decision to bar customers from buying bitcoin ETFs.
