Bitpush Editor's Daily Selected Web3 News:
【Bit returns above $110,000】
Market data shows that Bit has risen back to the $110,000 mark for the first time in two weeks, just $2,000 away from the historical high created in May.
【BlackRock's Spot Bit ETF Assets Exceed $70 Billion, Creating Fastest Growth Record】
According to The Block, BlackRock's Bit spot ETF fund "IBIT" has made history again. Within just 341 trading days, the fund's AUM has surpassed $70 billion, becoming the fastest ETF to reach this milestone.
According to Bloomberg senior ETF analyst Eric Balchunas, IBIT's speed is 5 times faster than the previous record holder SPDR Gold Trust (GLD), which took 1,691 days to reach this scale.
Currently, IBIT leads the Bit fund category with over $70 billion in AUM, with Fidelity's Bit ETF ranking second with approximately $31 billion in assets. IBIT has previously achieved 34 consecutive trading days of capital inflow.
IBIT was launched in January 2024, and by April of the same year, IBIT had held 2.8% of the total Bit supply. BlackRock only holds these Bits on behalf of its clients.
【US SEC Chairman Hints at More Open Attitude Towards Crypto Self-Custody】
US Securities and Exchange Commission Chairman Paul Atkins suggested a more open attitude towards self-custody at a crypto special working group roundtable titled "DeFi and the American Spirit" on Monday.
Paul Atkins stated: "The right to self-custody private property is a fundamental American value that should not disappear just because people go online. I support giving market participants greater flexibility to self-custody crypto assets, especially when intermediaries impose unnecessary transaction costs or limit the ability to participate in staking and other on-chain activities."
Paul Atkins also mentioned: "I believe we should not allow century-old regulatory frameworks to stifle innovation, as these technologies may disrupt, and more importantly, improve and advance our current traditional intermediary model. We should not be afraid of the future by default. I have asked commission staff to explore providing further guidance or rules to help registrants transact with these software systems in accordance with applicable law."
【KULR Seeks to Raise $300 Million through Common Stock Issuance to Acquire More Bit】
According to Coindesk, listed company KULR is seeking to raise up to $300 million by issuing common stock in the market. The company currently holds 800 Bits and plans to use the raised funds for general corporate purposes, including purchasing more Bits. It is reported that KULR has also leased 5,500 S-19 Bit mining machines through two agreements, totaling over $4 million.
【Telegram Founder: TON Becomes Blockchain with Highest Daily Non-Fungible Token Trading Volume】
Telegram founder Pavel Durov posted on his personal channel that the price of Collectible Gifts on the Telegram platform has significantly increased in the past 30 days, driving TON to become the blockchain with the highest daily Non-Fungible Token on-chain trading volume, second only to Ethereum if off-chain transactions are not counted.
【Bernstein: Ethereum Has Unique Selling Point as "Decentralized Computer"】
Wall Street broker Bernstein stated in a research report on Monday that the Ethereum Block has a unique selling point as a "decentralized computer", and interesting Block use cases such as stablecoins and tokenization originate from Ethereum. Perhaps because investors recognize the value proposition of the network as a decentralized computer, inflows to the Ethereum ETF have increased, with $815 million flowing into the Ethereum ETF in the past 20 days.
Analysts led by Gautam Chhugani stated that interesting Block use cases like stablecoins and tokenization are Ethereum's native use cases, and the Ethereum network enjoys the "largest market share" in these areas.
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