Weekly Update: 26 October 2023
1) Blackrock’s spot bitcoin ETF now listed on Nasdaq trade clearing firm [Cointelegraph]
– Exchange-traded fund analyst Eric Balchunas said the addition was “all part of the process” of a crypto ETF being listed and traded and a positive sign for SEC approval.
2) Grayscale court victory over SEC in spot bitcoin ETF case made final [CoinDesk]
– The D.C. Circuit Court of Appeals ruled in favor of Grayscale, instructing the SEC to reverse its rejection of the asset manager’s spot bitcoin ETF application.
3) A new EIP aims to revamp the tokenized vaults standard for RWAs [Blockworks]
– A new Ethereum Improvement Proposal, or EIP, aims to introduce asynchronous deposit and redemption flows as an extension to the existing ERC-4626 tokenized vault standard.
4) Digital Euro project moves to ‘preparation’ phase [CoinDesk]
– The European Central Bank (ECB) is moving its digital euro project to a preparation phase, which could pave the way for a “potential future decision” to issue one.
5) Hong Kong to tackle money-laundering risks in crypto regulation amid JPEX fallout, says customs chief[SCMP]
– Hong Kong customs chief stresses the importance of regulating cryptocurrency exchanges due to money-laundering risks following the JPEX scandal, hinting at potential oversight without confirming specifics.
6) Maker annualized revenue soars past $200 million to new all-time high [Decrypt]
– The stablecoin issuer’s revenue is up on high U.S. treasury yields and increased yields for DAI holders through Gnosis chain integration.
7) PetroChina completes first international crude oil trade in digital yuan: report[CoinDesk]
– PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
8) U.S. Treasury seeks to name crypto mixers as ‘Money Laundering Concern’[CoinDesk]
– Under pressure to address reports that Hamas and other terrorist groups are partially funded with crypto, Treasury’s FinCEN proposed a rule to categorize mixers as a threat.
