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US Lawmakers Urge Treasury Secretary to ‘Fill Gaps’ in Crypto Regulations, Call for CFTC Oversight
US Lawmakers Urge Treasury Secretary to ‘Fill Gaps’ in Crypto Regulations, Call for CFTC Oversight

Policymakers in the United States are growing weary over the lack of clarity from regulators on crypto assets.

Cryptopotato·2024/02/07 21:55
Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy
Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy

The updated filing also introduces the possibility of ETH staking.

Crypto Slate·2024/02/07 21:37
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE

The partnership aims broaden ADGM's blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects.

Crypto Slate·2024/02/07 21:37
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing

Quick Take The process of creating and redeeming shares in exchange traded funds had earlier been at the forefront of meetings between the Securities and Exchange Commission and issuers looking to launch spot bitcoin ETFs.

The Block·2024/02/07 20:40
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch

BlockFi asserted that Three Arrows Capital owed them $129 million, while the latter countered with an even bigger claim.

Cryptopotato·2024/02/07 20:10
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan

Quick Take The cross-chain protocol Wormhole announced an airdrop for its W token. The protocol noted that 82% of the tokens will be initially locked and then disperse over a span of four years.

The Block·2024/02/07 18:36
Flash
22:51
Overnight News Summary for June 17
WTI crude oil futures price fell by $4.70, closing at $76.05 per barrel, a decline of 5.82%; Brent crude oil futures price dropped by $4.21, closing at $78.96 per barrel, down 5.06%. 2. SpaceX closed up 4.77% at $201.68, with a closing market capitalization of $2.65 trillion, at one point surpassing Microsoft and Amazon during the session. 3. SpaceX's cargo "Dragon" spacecraft detached from the International Space Station on the 16th, carrying scientific experiment samples and supplies back to Earth. 4. After the United States and Iran signed a Memorandum of Understanding this week, Iran can now sell its oil and fuel internationally. 5. A US-Iran framework agreement includes a plan to establish a $300 billion private investment fund to support the Iranian economy. This fund will only be launched after the formal final agreement is signed and does not include any government funding. Companies from the United States, the Gulf region, Asia, South America, and many African countries have already committed more than half of the funds. 6. Israel requested the US provide the text of the Memorandum of Understanding with Iran for review but was refused. 7. The Swiss Federal Department of Foreign Affairs confirmed that the framework agreement between the United States and Iran will be signed on the 19th at Mount Bürgen near Lucerne, central Switzerland. 8. Apple plans to launch a new AirPods model equipped with a camera by the end of 2027, to debut simultaneously with the second generation foldable iPhone; Apple will also release a twentieth anniversary iPhone model at the end of 2027. 9. The total amount of mergers and acquisitions advised by Goldman Sachs this year has surpassed $1 trillion, setting the fastest record in history.
22:48
After making a successful debut in perpetual contracts with $5.5 billion in volume, Kalshi plans to further expand its business.
Co-founder Tarek Mansour stated that the company is in discussions with regulators about adding more perpetual contracts, with the long-term goal of expanding this product line to other asset classes. Kalshi’s perpetual futures contract is the first of its kind approved by the U.S. Commodity Futures Trading Commission (CFTC), marking the company’s move to expand beyond its core event contract listing business.
22:43
U.S. Treasury options traders are divided on the Federal Reserve's rate path, focus on the tone of the Waller press conference
Golden Ten Data reported on June 17 that options traders are increasingly divided over the Federal Reserve's near-term interest rate path, with various bets ranging from rate cuts in the coming months to hikes of different magnitudes. Swap market pricing indicates that it is almost certain the Federal Reserve will keep rates unchanged at Wednesday’s meeting, and all attention will turn to Chair Waller’s first press conference in search of clues about future policy. Although the US and Iran are preparing to formally sign a temporary peace agreement, which has caused oil prices to fall to a three-month low and offered some relief to inflation pressures, future policy remains uncertain.
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