Tag: 星鏈

The U.S. SEC has approved the listing of multi-crypto asset commodity trust options on NYSE American, enabling trusts holding multiple crypto assets to issue options—previously only single-asset trusts were permitted. Approval prerequisites include each crypto asset meeting high liquidity standards, maintaining a minimum average daily market capitalization of $700 million over the past 12 months, and the trust’s shares complying with ETF option listing requirements.

Despite increased institutional buying, Bitcoin demand continues to face pressure. Data shows that retail and whale selling has exceeded incremental institutional buying, indicating the market is in a distribution phase overall. Bitcoin's price is down approximately 45% from its all-time high, and U.S. investor buying is also weakening. A short-term rebound may occur if geopolitical tensions ease.

Paul Grewal, Coinbase's Chief Legal Officer, stated that the stablecoin provisions of the U.S. Clarity Act are very close to reaching an agreement. He countered banking industry concerns that stablecoin yields could trigger deposit outflows, noting there is currently no evidence supporting this claim, and emphasized that this issue should not be conflated with other challenges facing the banking sector.

The crypto political action committee Fellowship PAC has appointed Tether executive Jesse Spiro as its chair to strengthen industry political lobbying. This move comes as the U.S. stablecoin regulatory bill—the CLARITY Act—faces delays due to key disagreements, including whether stablecoin holders should be permitted to earn yield. Companies including Coinbase have expressed reservations about the draft legislation. With the midterm elections approaching, the crypto industry is actively advocating for a more favorable policy environment.

South Korean cryptocurrency exchange Bithumb announced it has postponed its IPO plan from the originally scheduled 2025 to before 2027, having engaged auditing firms to strengthen internal controls—following prior penalties from South Korean regulators for violations of anti-money laundering (AML) regulations. Meanwhile, Dunamu, operator of South Korea’s other major exchange Upbit, still plans to go public this September.

SPAC Future Money (FMACU) completed a $112 million IPO on Nasdaq, issuing 11.2 million units at $10 per unit. Each unit consists of one share of common stock and one right, which will trade separately under the tickers "FMAC" and "FMACR" in the future.

European crypto asset management firm CoinShares will list on Nasdaq via a SPAC merger on April 1, with an estimated valuation of $1.2 billion. The company manages approximately $6 billion in assets under management (AUM) and offers investment products including a Bitcoin ETF. This listing aims to accelerate its expansion into the U.S. market through equity financing.

On March 31, Ethereum spot ETFs recorded a single-day net inflow of $31.17 million, led by BlackRock’s ETHA with $24.7 million in net inflow. The total assets under management (AUM) of Ethereum spot ETFs currently stand at $11.978 billion, with cumulative net inflows reaching $11.559 billion—representing 4.71% of Ethereum’s total market capitalization.

On March 31, U.S. bitcoin spot ETFs recorded a single-day net inflow of $118 million. BlackRock’s IBIT led with $98.42 million in net inflows, followed closely by Fidelity’s FBTC. The total assets under management (AUM) for these ETFs now stand at $87.46 billion, with cumulative net inflows exceeding $56.1 billion to date.

Solana's DEX trading volume in March fell to $5.55B—the lowest since September 2024—alongside a decline in network fees. Although Ethereum has expanded its DEX market share via its Layer 2 ecosystem, Solana's ecosystem profitability remains resilient: over the past 30 days, it hosted more DApps generating over $1M in revenue than any other major blockchain, continuing to attract developer and capital attention.

Hong Kong's first batch of compliant stablecoin licenses was not issued as scheduled in March. The Hong Kong Monetary Authority (HKMA) responded that it is fully accelerating the licensing process. The market had previously closely watched potential first-wave licensees such as HSBC and Standard Chartered, but the authorities have yet to disclose the specific reasons for the delay or a revised timeline. Currently, the HKMA is engaging in close communication with the first batch of applicants, while applications for the second batch are also underway—Futu Securities and OSL Group are viewed as strong contenders.

OpenAI has completed a $122 billion funding round, achieving a post-money valuation of $852 billion. The funds will be used to accelerate the global expansion and application of AI technologies, aiming to lead progress in the AI field through large-scale development.