21Shares US’ Post

Digital assets bulletin — Franklin Templeton "The cryptocurrency market grew by 20% in May, adding over US$420 billion to its market capitalisation ... The State of Wisconsin invested US$160 million in bitcoin ETFs. ... The US Securities and Exchange Commission (SEC) approved  the listing of spot Ether exchange-traded funds (ETFs) from  Grayscale, Bitwise, iShares, VanEck, Ark Invest, Invesco, Fidelity  and Franklin Templeton. ... The US Senate voted to overturn the SEC’s crypto policy known  as SAB 121 ... Gnosis Pay, a leading decentralized payment rail, partnered  with Visa to introduce a self-custodial Visa debit card linked to  a Safe smart account ... Mastercard launched its Crypto Credential service with initial  peer-to-peer transactions on exchanges like Bit2Me, Lirium and  Mercado Bitcoin" Available here: https://lnkd.in/e9uinBig Disclaimer: The views and opinions expressed in this report are those of the authors and do not necessarily reflect the views or positions of Islington Consultants. Islington Consultants does not provide legal, tax or investment advice and does not endorse the authors of this report. Readers should do their own research and seek advice before taking any action. #crypto #cryptocurrencies #defi #digitalassets #tokenization #rwa #blockchain #dlt #btc #eth

Why Ethereum ETPs (vs. ETFs) are so significant, & more FAQs https://lnkd.in/gB8MCQQ6 ETFs are trusts that primarily hold securities, ETPs are trusts that primarily hold non-securities. As a result, ETPs are registered on SEC Form S-1, which is generally used for offers and sales of securities of issuers that are not “investment companies” under the Investment Company Act of 1940 (the “40 Act”). In contrast, ETFs register on SEC Form N-1A, a form specifically designated for investment companies. Put simply, an investment company is an entity that is: * engaged in the business of investing, owning, holding, or trading in securities; and * owns “investment securities” having a value exceeding 40% of the value of the entity’s total assets (exclusive of U.S. government securities and cash items). This regulatory difference has significance. ETPs are treated like all other public companies and, while they must comply with the reporting and other requirements of the Securities and Exchange Act of 1934, they are not subject to the additional layer of regulation that comes with being a registered investment company. By contrast, ETFs, because they are in the business of investing in securities, become subject to the Investment Company Act of 1940, and must comply with its many restrictions on liquidity, affiliated transactions and a host of other compliance matters.

Binance - Binance and Option2Trade Whales Steady, Waiting for $1000 Token Dream - https://lnkd.in/d6fx-X3X Disclosure: This article does not represent investment advice. The content and materials appearing on this page are for educational purposes only. Whale investors holding Binance Coin and Option2Trade show firmness, emphasizing long-term confidence. Whales holding Binance Coin (BNB) and Option2Trade (O2T) are showing stability. These large-scale investors are maintaining

The development of a regulated exchange for digital currencies is being considered by the Swiss Stock Exchange (SIX Group), aiming to attract institutional investors by leveraging Switzerland's advanced crypto laws. This move follows the trail of another major traditional stock exchange, the Deutsche Börse, which launched its own crypto exchange, while Chicago-based stock exchange CBOE Global Markets shut its own down due to a lack of regulatory clarity in the US. SIX’s reputation as a leading traditional stock exchange provides significant confidence to institutional investors. The exchange’s potential move into cryptocurrencies could offer a safe passage into digital assets for large institutional players such as banks, pension funds, asset managers, and family offices. By extending its services into spot and derivative crypto trading, SIX aligns itself with Switzerland’s pro-crypto stance and robust regulatory framework. Headquartered in Delaware, USA, and operating in the heart of Zug’s Crypto Valley, NodeGate is best placed to help Web3 founders and investors leverage Switzerland’s positive stance. We offer capital raising advisory and investment partnering services, giving you access to our extensive network of founders and investors as well as legal, compliance, and technical partners. Let’s discuss how we can help you navigate through the Web3 world and achieve your growth and investment goals.

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐚𝐧𝐝 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬 𝐢𝐬 𝐚 𝐌𝐮𝐬𝐭 𝐟𝐨𝐫 𝐒𝐨𝐮𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 https://lnkd.in/e8rPeXRM This guide provides an overview of the different types of cryptocurrencies and offers insights on how to leverage this information to optimize your investment strategy and mitigate potential losses.

Electric Capital just released its 180-page annual developer report for 2023. It is worth spending time to go through it! Some of my reading notes: 1. One noteworthy observation is the potential correlation between newcomer developer fluctuations and the market cycle. 2. The ecosystem witnessed a surge of monthly active open-source developers from about 5000 five years ago to 24,000+. 3. Ethereum stood out as a frontrunner with an influx of 16K+ newcomer developers in 2023; most of its code was native and original. 4. 79% of developers actively worked on the top 200 protocols by network value, with Bitcoin and Ethereum absorbing 40% out of total developers since 2015. 5. 40% of Bitcoin open-source developers dedicated to L2s, e.g. Stacks and scaling solutions in 2023 6. By the end of 2023, Bitcoin and Solana dethroned Ethereum on NFT trading volume. 7. The distribution of developers is becoming more global, shifting out of developed to emerging economies. The U.S. lost 14% of its developer share since 2018; would be more helpful to have a detailed breakdown of the 14% loss, distinguishing between newcomer, emerging, and established developers. I want to thank the report's author Maria Shen and the Electric Capital team for this great report.

Is the future of digital economy powered by Ethereum? We think so. As more companies build on Ethereum, the network grows. An investment in ETH represents a share of the network that could drive the future of digital economy. Powered by Ethereum. CETH. The 21Shares Core Ethereum ETF provides a way to invest in Ethereum through a registered, familiar vehicle in your existing brokerage account. 👉 Learn more about CETH: https://bit.ly/21CETH 👉 View Prospectus: https://bit.ly/CETHpro The Fund maintains exposure to “spot” ether. The Fund is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940, unlike most exchange traded products or ETFs. The Fund is subject to significant risk. An investor may lose all their investment. The Fund is subject to heightened volatility. The Fund is not suitable for all investors. An investment in the Fund is not an investment in Ethereum.

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On July 11, Lookonchain reported a significant deposit and withdrawal of ETH from Elwood Technologies to Binance. The Elwood-linked address deposited 26,811 ETH worth around $83 million to Binance over the past three days and withdrew 24,463 ETH worth around $76 million from the centralized exchange over the past two days. This sparked speculation about potential selling pressure and market manipulation. Elwood Technologies, led by billionaire investor Alan Howard, is also in the spotlight due to news of investment bank Standard Chartered considering an acquisition of part of Elwood Capital, a subsidiary of Elwood Technologies. Standard Chartered's move would support a shift towards OTC settlement services and virtual asset service provider licenses. In addition, Lookonchain reported that Golem appears to have stopped selling ETH and staked 40,000 ETH worth around $124.6 million. Ethereum staking has reached record levels, accounting for around 34% of the entire supply. Despite these whale movements, ETH prices have not been significantly impacted, trading at $3,110 at the time of writing, down 3% over the past week. There is hope that an imminent spot ETF launch in the United States will boost sentiment and prices for ETH.