LianGuai Morning Post | Europe’s First Spot Bitcoin ETF Listed, Embedded with Renewable Energy Certificates

Europe's First Spot Bitcoin ETF Listed with Renewable Energy Certificates

Headline

▌ Europe’s First Bitcoin ETF Listed, with Renewable Energy Certificates

LianGuai reports that less than a week after the US Securities and Exchange Commission postponed its decision on approving a Bitcoin ETF, Europe has launched its first Bitcoin ETF. Jacobi Asset Management listed the first Bitcoin ETF in Europe on the Amsterdam-based Pan-European Exchange, with the trading code BCOIN and regulated by the Guernsey Financial Services Commission (GFSC). Index provider Wilshire Indexes partnered with Jacobi to provide benchmarks for BCOIN and future products. The ETF product also utilizes a decarbonization strategy, with the cryptocurrency platform Zumo providing a solution for verifiable Renewable Energy Certificates (REC), allowing institutional investors to enjoy the convenience of Bitcoin while still meeting ESG goals.

▌Exactly Protocol: Suspension Lifted, Measures Taken to Strengthen Processes

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On August 19, Exactly Protocol announced that the suspension would be lifted at 11:51 PM UTC on August 19 and stated that measures have been taken to strengthen processes. Previously reported, according to blockchain security company De.Fi’s monitoring, DeFi lending protocol Exactly Protocol has lost over 7,160 ETH (approximately $12.04 million). In order to ensure user safety, the protocol has been suspended (users can still withdraw assets). The team is dealing with the matter and will share more detailed information as soon as possible.

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Market

As of press time, according to coinmarketcap data:

Bitcoin (BTC) recently traded at $26,083, with a daily change of+0.05 %;

Ethereum (ETH) recently traded at $1,667.66, with a daily change of+0.31 %;

Binance Coin (BNB) recently traded at $216.8, with a daily change of+0.23 %;

XRP recently traded at $0.51978, with a daily change of+2.58 %;

Dogecoin (DOGE) recently traded at $0.063667, with a daily change of+0.66 %;

Cardano (ADA) recently traded at $0.2678, with a daily change of+1.41 %;

Polygon (MATIC) recently traded at $0.576, with a daily change of-0.55 %.

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Policy

▌SEC May Approve Multiple Ethereum Futures ETF Applications

LianGuai reports that the US Securities and Exchange Commission (SEC) may approve multiple Ethereum futures exchange-traded fund (ETF) applications simultaneously, according to sources cited by The Wall Street Journal. Since July, the regulatory agency has received numerous applications from investment firms, including requests combining Bitcoin (BTC) and Ethereum strategies. As of now, the SEC has not instructed these firms to withdraw their applications, which is different from similar requests in 2021 where companies were instructed to withdraw. According to sources from The Wall Street Journal, this indicates that the regulatory agency will not prevent the launch of the fund within weeks. At least 16 Ethereum or Bitcoin-Ethereum futures ETF applications are awaiting regulatory approval.

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Blockchain Applications

▌New Ethereum Test Network Named “Holesky” to Launch Next Month

LianGuai reported that as the Ethereum Goerli test network is set to retire in January 2024, a new Ethereum test network named “Holesky” will be launched next month. The name follows the tradition of naming test networks after train stations, and “Holesky” is derived from Nádraží Holešovice, a subway station in Prague. Although Holesky is designed similarly to Sepolia, its purpose is more focused on infrastructure and protocol development. Meanwhile, Sepolia will remain the preferred testing ground for Ethereum-based applications. Unlike Sepolia, Holesky will have a fixed supply of testnet tokens. However, the upper limit of 1.6 billion tokens is still much higher than the total supply of ETH on the mainnet, which is currently around 120 million.

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Cryptocurrency

▌MicroStrategy’s Bitcoin Holdings Currently Unrealized Loss of Over $620.876 Million

LianGuai reported that user Maartunn posted that MicroStrategy currently holds 152,800 BTC with an average purchase price of $29,672. The current price of Bitcoin is $25,830, resulting in an unrealized loss of $620,876,000.

▌Total Trading Volume in the Cryptocurrency Market on the 18th was $79.118 Billion, with a Daily Increase of 6.6%

On August 19th, according to CoinGecko data, the total trading volume in the global cryptocurrency market on August 18th was $79.118 billion, representing a daily increase of approximately 6.6% compared to August 17th ($74.22 billion).

▌Blue Chip NFT Floor Prices Continue to Decline, with an Average 7-day Decrease of Over 10%

On August 19th, according to Blur data, the floor prices of blue chip NFTs continue to decline, with the following examples: Bored Ape Yacht Club (BAYC) dropped to 26.2 ETH, a 7-day decrease of 16.69%; Mutant Ape Yacht Club (MAYC) dropped to 5.06 ETH, a 7-day decrease of 13.68%; Azuki dropped to 4.08 ETH, a 7-day decrease of 16.89%; DeGods dropped to 4.14 ETH, a 7-day decrease of 41.19%; Pudgy Penguins dropped to 3.75 ETH, a 7-day decrease of 8.27%.

▌INJ will Unlock 2.86 Million Tokens on the 21st, Accounting for 3.41% of Circulating Supply

On August 19th, according to TokenUnlocks data, INJ will unlock 2.86 million tokens in 44 hours (August 21st), accounting for 3.41% of the circulating supply, with a value of approximately $22.31 million. The current cumulative unlock of INJ accounts for 93.47% of the total supply.

▌Arbitrum to Unlock $1.24 Billion Worth of ARB Tokens on March 16th, 2024

LianGuai News, according to Token Unlocks, Arbitrum will unlock 1.11 billion ARB tokens worth $1.24 billion at a market price of $1.12 on March 16, 2024. The unlocked amount is equivalent to 87% of the token’s circulating supply of 1.275 billion. As of the time of writing, over 5 billion ARB tokens are still locked. Additionally, Token Unlocks mentioned in a tweet that after the unlock on March 16, Arbitrum will unlock more ARB on the 16th of every month for the next 4 years.

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Important Economic News

▌India Plans to Ban the Export of Rare Metals such as Lithium, Beryllium, Niobium, and Tantalum

According to the Business Standard, the Indian government is considering the possibility of banning the export of rare metals such as lithium, beryllium, niobium, and tantalum. This strategic measure aims to ensure self-sufficiency in important mineral resources for the country. These rare metals are crucial for India’s defense, aerospace, and mechanical manufacturing sectors. It was reported that in mid-July, the Indian government approved amendments to the mining law, allowing commercial mining of rare metals such as lithium, beryllium, niobium, tantalum, and zirconium. (Gold10 Data App)

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LianGuai Encyclopedia

▌Blockchain Blindness

UTXO cannot see the data on the blockchain, such as random numbers and the hash of the previous block. This flaw deprives script languages of the potential value based on randomness, severely limiting their applications in other areas such as gambling.

Disclaimer: LianGuai, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.

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