Summary of important breaking news on the morning of the 4th
This is a summary of notable news related to virtual currency until the morning of Japan time.
Nasdaq Updates Bitcoin ETF Application Documents (Attention: ★★★★☆)
US Nasdaq has updated the application form (19b-4) for BlackRock physical bitcoin ETF. A new document was added to the document stating that the company will conclude a surveillance sharing agreement with the cryptocurrency exchange Coinbase.
The reason for the update is that the SEC pointed out last Friday that it had not provided enough information about Bitcoin exchanges in the Surveillance Sharing Agreement. In response to this indication, Cboe included wording regarding plans to conclude a monitoring sharing agreement with Coinbase on the same day, including Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust, WisdomTree Bitcoin Trust, Wise Origin Bitcoin Trust, and ARK 21Shares Bitcoin ETF. I have resubmitted my application for five physical Bitcoin ETFs.
The monitoring sharing agreement is the lacking part that the SEC has pointed out in the application of physical bitcoin ETFs so far, and BlackRock and Fidelity will increase the odds of being approved by introducing such a mechanism. and
connection: What is an exchange traded trust “Bitcoin ETF”? | Why the application of BlackRock attracts attention
Stock prices of coinbase, etc. rise sharply (Attention: ★★★★☆)
Following the six ETF business alliances mentioned above, Coinbase’s stock price rose significantly, up 11.7% from the previous day.
Bitcoin-related stocks such as MicroStrategy and Marathon Digital also surged with trading.
- Coinbase｜$79.9 +11.7%
- MicroStrategy | $377.8 +10.3
- Marathon Digital | $15.3 +10.5
Bitcoin Depot Listed on Nasdaq (Attention: ★★★☆☆)
The shares of Bitcoin Depot, the world’s largest Bitcoin ATM operator, have been listed on the Nasdaq as “BTM”.
Bitcoin Depot has gone public through a merger with a special purpose acquisition company called GSR II Meteora (GSRM).
Bitcoin Depot is a Georgia-based company that operates over 6,000 ATMs worldwide. The company has plans to acquire other Bitcoin ATM companies in the future.
BAYC Azuki and others drop in price (Attention: ★★★☆☆)
The prices of blue chip NFTs such as BAYC and Azuki continued to fall.
BAYC hit a two-year low on July 3. The lowest price (floor price) has increased from 144.9 ETH, the highest level in 2022, to 27 ETH. At the time of writing, it is trading at 29.5 ETH.
Azuki’s price also dropped significantly, dropping from last week’s high of 17.2 ETH to 6.2 ETH. Regarding Azuki, there was confusion within the community due to the fact that the art of the new NFT series “Elementals” was very similar to the Genesis collection, and it was dumped.
connection: What is the relationship between the price drop of NFT collection Azuki and the new Elementals?