The Block
Quick Take Spot bitcoin ETF applicants have been slashing fees for their proposed funds over the last few days, as the competition heats up ahead of anticipated approval from the SEC. But how do the fees for the potential bitcoin funds stack up against some of the most popular traditional ETF products?
Quick Take Cosmos Hub community members are voting on a proposal to reduce the minimum inflation parameter from 7% to 0%. If approved, ATOM inflation will steadily reduce to zero if more than two-thirds of tokens are bonded on the network.
Bitcoin market volatility caused the asset’s price to rise to almost $48,000, before falling back into the $45,000 range in the past 24 hours.This price action led to $230 million in leveraged crypto positions getting liquidated on centralized exchanges.
Quick Take BlackRock has dropped its sponsor fee from 0.3% to 0.25% as it seeks to make its potential spot bitcoin ETF even more competitive. Other applicants have gone as low as 0.2%.
Quick Take Nomura’s Laser Digital and WebN Group have unveiled Libre protocol, which is fund tokenization infrastructure powered by Polygon technology. Institutional heavyweights Brevan Howard and Hamilton Lane are set to be the first to use the platform, which is scheduled to go live in Q1.
A security breach of the SEC’s official X account on Tuesday resulted in the announcement of a false approval of the highly anticipated spot bitcoin exchange-traded funds.The two senators gave the agency’s chair, Gary Gensler, a deadline of Jan. 23 to further explain the incident.
The ProShares Bitcoin Strategy ETF (BITO) amassed over $2 billion in assets, reaching an all-time high.The ETF reached $2,010,057,946 in assets at market close on Jan. 8.
Quick Take The safety team of X said that someone took control of a phone number associated with the SEC’s account, and the account “did not have two-factor authentication enabled.”
Fidelity plans to also provide a fee waiver until July 31, according to its latest filing.Despite the U.S. SEC’s X account hack, analysts expect the approval on Wednesday.
Quick Take The decade-old crypto custody business said it could offer digital payment token services in the city-state once it obtains the full Major Payment Institution license.
