Hut 8 completes merger with USBTC, common shares to begin trading on December 4
Odaily News Hut 8 Mining Corp. (Nasdaq/TSX: HUT) announced the completion of its business combination with USBTC and officially operates Hut 8 Corp. as a U.S.-registered entity, managing 825 MB at 11 sites. watts of energy, and has self-mining, hosting, hosting services and high-performance computing capabilities. According to the press release, New Hut common shares will trade on Nasdaq and the Toronto Stock Exchange under the ticker symbol HUT beginning on December 4, 2023. Hut 8 shareholders will receive 0.2 New Hut common shares for every Hut 8 share held, and USBTC shareholders will receive 0.6716 New Hut common shares for every USBTC share held.
People familiar with the matter: OpenAI plans to sell shares at a valuation of approximately US$86 billion, and the bidding deadline has been extended to January 5, 2024
Odaily News According to people familiar with the matter, OpenAI plans to sell shares at a company valuation of approximately US$86 billion, and the bidding deadline has been extended to January 5, 2024. (Golden Ten)
Bloomberg Analyst: Spot Bitcoin ETF approval window expected to be between January 5 and 10, 2024
Odaily News Bloomberg analyst James Seyffart said on the X platform that the approval window for spot Bitcoin ETFs is expected to be between January 5 and 10, 2024. According to the SEC filing, the comment period for Franklin/Hashdex ends on January 5 and the comment deadline for Ark/21 is January 10.
SEC Commissioner Hester Peirce says the agency should regulate cryptocurrencies more efficiently
Odaily News SEC Commissioner Hester Peirce cited the SECs handling of charges against cryptocurrency startup LBRY, saying the agency was unclear about why it filed lawsuits against certain companies and not others. The SEC first accused LBRY of selling unregistered securities in March 2021 and decided to litigate rather than settle. A judge later ruled that its token was subject to regulatory oversight and ordered LBRY to pay more than $100,000. Peirce told an audience at the Blockchain Association Policy Summit on Thursday that the LBRY case was her “low point” as a commissioner. Enforcement is always a little haphazard to some extent because we as a committee can bring a lot of cases in many different areas and we have to pick and choose, Peirce said. We have to make resource allocation decisions about where to spend our resources. Make sense? Were cherry-picking old cases, and there doesnt seem to be a pattern in a lot of the encryption cases we bring, Peirce later added.
Circle: Does not provide banking services to Justin Sun, Tron Foundation or HTX
Odaily News In a letter to U.S. Senators Sherrod Brown and Elizabeth Warren, Circle refuted what it called false accusations that it facilitated illegal financial activities. It also said it does not provide banking services to Justin Sun, the TRON Foundation or Huobi, now renamed HTX. Circle does not assist or finance Hamas (or any other illegal actor), directly or indirectly, the company said in the letter. Circle also does not provide banking services to Justin Sun. Mr. Sun or any entity owned or controlled by Mr. Sun , including the Tron Foundation or HTX, currently does not have an account with Circle.” The letter continued: “To date, the U.S. government has not specifically designated Mr. Sun or his entities as Specially Designated Nationals. Nonetheless, Circle has announced that in 2023 All accounts held by Mr. Sun and his affiliates were terminated in February 2020.” The TRON Foundation and HTX did not immediately respond to requests for comment. (The Block)
Binance successfully pilots the world’s first three-party cryptocurrency agreement
Odaily News Binance announced that it has successfully executed the world’s first cryptocurrency trilateral agreement with a third-party banking partner. The solution enables institutional investors to escrow assets to third-party banking partners in the form of fiat equivalents such as Treasury bills, with the additional benefit of earning returns on the assets. This project is the first in a series of pilot projects launched by Binance. Binance said it is currently the only cryptocurrency exchange in the industry to offer such a solution. The solution connects traditional and cryptocurrency markets, directly addressing the counterparty risk issue that institutional investors are currently most concerned about. It replicates a framework commonly seen in traditional financial markets, allowing investors to allocate crypto assets proportionally based on their risk tolerance. Catherine Chen, Binance VIP and Institutional Director, said: “Our professional team continues to try to explore bank tripartite agreements and draw on the trading behavior of traditional markets to develop a set of solutions to ensure that our institutional customers can effectively optimize their mortgages. Commodity and Cryptocurrency Investments.”
The meme currency MUNGER soared by more than 31,000% in the 15 minutes after Charlie Munger’s death, and then plummeted by more than 98%.
Odaily News: Fifteen minutes after Charlie Munger’s death, a MEME coin (MUNGER) with the same name soared by more than 31,000%. However, details of the token’s smart contract were exposed: it was revealed that the contract allowed developers to limit the sale of the asset. Since then, MUNGER prices have fallen by more than 98%. (Coindesk)
JPMorgan Chase: DeFi and NFT markets show initial signs of recovery
Odaily News JP Morgan said in a report that DeFi NFT activity has increased in recent months as expectations for the approval of a US-listed spot Bitcoin (BTC) exchange-traded fund (ETF) have improved sentiment in the cryptocurrency market. recovery. The report states that this growth comes after nearly two years of deceleration, so there is optimism that the worst may be over in terms of the medium-term trajectory of DeFi/NFT activity. Analyst Nikolaos Panigirtzoglou said that while we have no doubt that the recent resurgence in DeFi/NFT activity is a positive sign, we think it is too early to get excited about it. (Coindesk)
Intective will undergo a mainnet upgrade in the coming weeks
Odaily News Injective officially issued a message on the X platform stating that the Injective mainnet upgrade will be released within a few weeks.
Lido launches community staking education series
Odaily News Lido posted on the