Weekly Update: 29 Feb 2024
1) Valkyrie CIO anticipates spot Ethereum ETF approval will take 1-2 years [The Block]
– A spot ether ETF won’t be coming anytime soon, but it could come in the next year or two, Valkyrie Chief Investment Officer Steven McClurg said in an interview with The Block on Thursday.
2) US Fed analysts warn foreign CBDCs and stablecoins could lead to ‘erosion of dollar’s role’ [Cointelegraph]
– According to the paper, a large, stable foreign CBDC is unlikely to affect the dollar’s utility as a value storage mechanism, but its use as a medium of exchange could be dampened.
3) Crypto custodian Finoa offers Centrifuge’s tokenized T-bill fund [CoinDesk]
– Tokenized assets pioneer Centrifuge is linking its Anemoy fund to Finoa’s 300-plus crypto institutions.
4) Frankfurt to host new EU money laundering watchdog tasked with monitoring crypto [CoinDesk]
– The Anti-Money Laundering Authority is part of a broader effort by the European Union to combat illicit fund flows, and is ready to begin work as early as Friday, officials said Thursday.
5) FSB will standardize global incident reporting for institutions with crypto [Cointelegraph]
– The proposed reporting format is part of the international agency’s support for the G20 crypto asset roadmap adopted last year.
6) IMF urges careful design, slow introduction for Pacific Island digital currencies [Cointelegraph]
– The island nations have common challenges and widely varying conditions. Just don’t use crypto, the IMF says.
7) Ripple’s XRPL taps Axelar for RWA, cross-chain communication [Cointelegraph]
– The partnership between Ripple and Axelar is part of a strategic move into tokenizing real-world assets.
8) SEC seeks comments on Bitwise, Grayscale Bitcoin ETF options [Cointelegraph]
– The U.S. SEC is seeking comments on a proposed rule change that would allow investors to trade options on Bitwise and Grayscale Bitcoin ETFs.
