Crypto Market Cap | Fidelity launching a spot bitcoin ETF & Twitter CEO steps down | Market Color
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U.S. Treasury Secretary Janet Yellen has said that U.S. federal regulations are already in-line with those of the FATF crypto guideline and as such some non-custodial entities won’t be subjected to transaction reporting (source).
The Federal Reserve Bank of New York and the Bank for International Settlements’ (BIS) Innovation Centre have launched the New York Innovation Centre (source).
Grayscale sent a letter to the SEC claiming that the agency’s willingness to approve a futures-based product but not a spot product is “arbitrary and capricious” and could constitute a violation of the Administrative Procedure Act (APA) (source).
Jack Dorsey, CEO of Twitter, has stepping down from his position. (source).
A DeFi hack has resulted in around $31 million in various cryptocurrencies has been stolen from MonoX, a DeFi platform which offers liquidity pools (source).
Kelly Strategic Management, has filed for a U.S. Ether futures ETF, with the US SEC (source).
Fidelity launching a spot bitcoin ETF in Canada this week, called the Fidelity Advantage Bitcoin ETF (FBTC), and it will directly invest and purchase physical Bitcoin (source).
Purpose Investments has launched new bitcoin and Ethereum EFT in Canada, with the key difference compared to other ETF, being investor will be paid a monthly yield (source).
Coinbase is set to acquire Unbound Security, a crypto custody infrastructure firm specializing in multiparty computation (MPC) technology (source).
CrossTower Inc. provides this content for general information purposes, to better inform you on your digital asset investment journey. We do not provide investment recommendations or provide tax advice. Please consult your investment professional or tax advisor if you require assistance in these areas.
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