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Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy
Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy

The updated filing also introduces the possibility of ETH staking.

Crypto Slate·2024/02/07 21:37
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE

The partnership aims broaden ADGM's blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects.

Crypto Slate·2024/02/07 21:37
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing

Quick Take The process of creating and redeeming shares in exchange traded funds had earlier been at the forefront of meetings between the Securities and Exchange Commission and issuers looking to launch spot bitcoin ETFs.

The Block·2024/02/07 20:40
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch
BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There’s a Catch

BlockFi asserted that Three Arrows Capital owed them $129 million, while the latter countered with an even bigger claim.

Cryptopotato·2024/02/07 20:10
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan
Cross-chain protocol Wormhole announces airdrop and 4-year tokenomics plan

Quick Take The cross-chain protocol Wormhole announced an airdrop for its W token. The protocol noted that 82% of the tokens will be initially locked and then disperse over a span of four years.

The Block·2024/02/07 18:36
Ether options open interest indicates bullish sentiment about potential May spot ETH ETF approval, analyst says
Ether options open interest indicates bullish sentiment about potential May spot ETH ETF approval, analyst says

Open interest in ether options suggests bullish anticipation regarding the potential approval of a spot ETH ETF in May, an analyst said.Ether’s price increased by over 2% on Wednesday, changing hands for $2,395, according to The Block’s Price Page.

The Block·2024/02/07 18:04
Flash
09:36
Invesco Nasdaq Technology ETF: Secondary market price premium, trading resumes after suspension on June 16
Golden Ten Data reported on June 15 that the Invesco Nasdaq Tech ETF announced that recently the fund’s secondary market trading price has been significantly higher than its indicative net asset value per share, resulting in a substantial premium. On June 15, 2026, the closing price was 2.740 yuan, while the closing indicative net asset value per fund share was 2.2292 yuan. To protect investors’ interests, the fund will be suspended from trading from the opening on June 16 and will resume at 10:30 (UTC+8). Redemption operations will continue as usual during the suspension. If the premium does not effectively decrease on June 16, the fund reserves the right to implement further suspension measures.
09:36
Deutsche Bank: Aftermath of Iran War May Impact European Credit Bond Market
```htmlGolden Ten Data reported on June 15 that Deutsche Bank strategists stated European corporate bonds are susceptible to subsequent impacts from the Iran war, and both investment-grade and junk bond spreads are expected to widen by the end of the year. The credit strategy team led by Steve Caprio currently maintains an underweight position in euro-denominated credit within global asset allocation, adopting a more cautious stance compared to dollar-denominated credit. They noted that the aftermath of the Iran war is manifesting more rapidly. “Stubborn inflation, rising shipping costs, potential storage chip shortages affecting key cyclical industries, and ongoing tariff uncertainty are all negative factors, especially in Europe. At least from now until year-end, market prospects mean greater differentiation in credit performance and wider spreads.” The strategists expect euro investment-grade bond spreads to widen nearly 20 basis points to 95 basis points by the end of this year, while junk bond spreads are expected to widen 77 basis points to 345 basis points. For dollar investment-grade bonds, they forecast spreads will moderately widen by 10 basis points to 82 basis points by year-end, and junk bond spreads are expected to widen by 39 basis points.```
09:36
Bitget launches Community Product Experience Officer Program, offering cash and benefit rewards
Foresight News reported that the Bitget platform officially launched the first phase of the "Community Product Experience Officer Program" today, with the first event running until June 26. The program is open to all users, aiming to collect product feedback, feature suggestions, and bug reports in real scenarios, in order to promote optimization of the trading experience and the development of new features. Submissions will be evaluated based on product value, feasibility, and innovation, with high-quality feedback receiving priority in the product evaluation process, as well as the opportunity to participate in subsequent optimization, testing, and co-creation initiatives, including face-to-face communication with the product team.To encourage community co-creation, the event offers multiple reward mechanisms: users who submit high-quality content can receive up to 3,000 USDT in cash rewards; outstanding participants will also obtain official identity verification, fast-track promotion to the Fan Club, and long-term community co-creation benefits. In addition, users who share the event on social media platforms such as X with the hashtag #BitgetCommunityProductOfficer have a chance to receive a random cash airdrop. For event details and participation, please refer to the official Bitget platform.
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