BlackRock, Nasdaq and SEC Discuss Bitcoin ETF
Insights into Bitcoin ETF talks, reversal in Do Kwon’s extradition case, and BloXroute's new U.S. sanctions policy.
Welcome to another edition of Datawallet Daily, your go-to source for the latest insights in the world of digital assets. Here are the key stories of the past 24 hours:
BlackRock, Nasdaq and SEC Discuss Bitcoin ETF
Representatives from BlackRock, Nasdaq, and the U.S. Securities and Exchange Commission held their second meeting within a month to discuss the necessary rule changes for listing a Bitcoin exchange-traded fund. The discussion focused on Nasdaq Rule 5711(d), which sets criteria for listing Commodity-Based Trust Shares, emphasizing requirements for market integrity and protection against fraud.
This meeting follows BlackRock’s recent revision of its spot Bitcoin ETF proposal, now including cash redemptions to align with SEC preferences.
.@BlackRock, @Nasdaq, and @SECgov had the second meeting in less than a month regarding rule changes needed to allow for a bitcoin ETF listing. @thesamreynolds reports.https://t.co/8ofA2Lwjn5
— CoinDesk (@CoinDesk) December 20, 2023
Montenegro Court Revokes Do Kwon’s Extradition Approval
The Montenegro Appellate Court overturned the High Court of Podgorica’s decision to approve the extradition of Terraform Labs co-founder Do Kwon to the U.S. or South Korea. This development, announced on December 19, 2023, followed Kwon’s defense successfully challenging the High Court’s ruling, citing significant procedural violations.
The case will be retried at the Podgorica Basic Court. Kwon, arrested in March 2023 for using falsified travel documents, is implicated in the collapse of the Terra blockchain and its associated cryptocurrencies. The U.S. and South Korea seek his extradition for his role in a scheme resulting in substantial market losses.
👀 The Montenegro Appeals Court has blocked Terra’s Do Kwon’s extradition after it decided the legal conditions for his extradition to the U.S. had not been met. https://t.co/q4Z5NXvQKp
— Cointelegraph (@Cointelegraph) December 19, 2023
BloXroute Will Restrict Transactions Tied to U.S. Sanctions List
Ethereum relay provider BloXroute has announced that it will begin rejecting transactions that include addresses listed on the U.S. Office of Foreign Assets Control (OFAC) sanctions list. This decision, aimed at maintaining compliance with U.S. Treasury requirements, will not significantly impact Ethereum’s decentralized and resilient nature, according to bloXroute.
The change has sparked some criticism on social media, with users questioning the balance between supporting Ethereum’s ethos and adhering to regulatory compliance. This move follows similar actions by other crypto entities like Tether, which froze crypto addresses on the OFAC list, signaling a broader trend toward compliance within the cryptocurrency industry.
ICYMI: BloXrout will reject transactions with OFAC-blacklisted addresseshttps://t.co/nzDI40IeNe
— The Block (@TheBlock__) December 20, 2023
Injective’s INJ Up 3,000% Year-to-Date After Recent Jump
Injective (INJ), the native token of the Injective layer 1 blockchain, has experienced a staggering 3,000% increase in its year-to-date value, reaching a record high of $39.15. Injective’s blockchain, based on Cosmos, integrates AI with decentralized finance and boasts features like auto-executing smart contracts.
Despite having a total value locked of $18 million, its trading volume soared to $600 million in the past day. The recent price surge indicates traders’ growing interest in AI narratives within the crypto space, similar to assets like Fetch.ai (FET) and the Graph (GRT).
Spurred by artificial intelligence hype and airdrop farmers, @Injective_'s native token $INJ has risen by 3,000% to a record high of $39.15 in 2023.
— CoinDesk (@CoinDesk) December 19, 2023
Reporting by @oknightcryptohttps://t.co/ubunJSzkcZ
Other breaking news
- OKX Wallet Users Urged to Update App for Security
- IOSCO Releases Policy Recommendations on DeFi
- Trader Earns $2M from $450 Bet on Avalanche’s COQ Inu Meme Coin
- China to Define Clear Development Path for Web3, NFTs
- Magic: The Gathering Bans AI Art Following Controversy
For the latest updates on digital asset markets follow us on X @Datawalletcom.