Overnighters,
Episode 589:
Collect the Cover: awrd.gg/5725
The TL;DL
Volatility Bitcoin ETF Launches Tuesday - The first leveraged Bitcoin futures exchange-traded fund (ETF) in the United States is set to launch on Tuesday. This comes after the U.S. Securities and Exchange Commission (SEC) did not reject the application from Volatility Shares Companies for the 2x Bitcoin Strategy ETF, indicating a growing interest in Bitcoin-focused ETFs.
Valkyrie Files for Spot BTC ETF - Valkyrie Funds, known for its Bitcoin Strategy ETF and Bitcoin Miners ETF, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new Bitcoin ETF. The new ETF, dubbed the Valkyrie Bitcoin Fund, will hold Bitcoin and aims to reflect the performance of the CME CF Bitcoin Reference Rate, New York Variant.
Belgium Boots Binance - Belgium's top financial regulator, the Financial Services and Markets Authority (FSMA), has ordered Binance, the world's largest cryptocurrency exchange, to immediately stop serving local customers. This action was deemed a violation of a prohibition, adding to the regulatory scrutiny Binance is currently under.
One Banker’s View of Crypto - Fabio Panetta, a key figure in the European Central Bank (ECB), has expressed his concerns about the future of cryptocurrencies. He believes that the inherent volatility and certain features of blockchain technology render digital assets as nothing more than a tool for gambling.
Hong Kong’s Post FTX Regulations - Following the bankruptcy of the FTX crypto exchange, Julia Leung Fung-yee, the CEO of Hong Kong's Securities and Futures Commission (SFC), stressed the importance of incorporating virtual assets into the regulatory framework. She believes that the only way to encourage innovation and rebuild market trust after FTX's collapse is to integrate virtual asset providers into the regulatory system.
Etherscan’s AI Code Reader - Etherscan, a well-known Ethereum block explorer and analytics platform, has introduced a new tool named "Code Reader." This tool uses artificial intelligence to access and interpret the source code of a specific contract address, offering users insights into contract's source code files.
Crypto Overnighter Podcast (6/24/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.
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