Author: American Coins & Gold

Hong Kong-Listed Bitcoin ETFs Could Unlock Up to B in Demand, Crypto Firm Says
Singapore-based Matrixport expects mainland Chinese investors to move billions into potential Hong Kong-listed spot BTC ETFs through the Stock Connect program.

Bitcoin Stable Near K as GBTC Outflows Pick Back Up
The Thursday total ETF flow was negative, with GBTC leading the pack

Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
“A lot of things can go wrong,” in Ethena’s yield-generation strategy, said Folkvang CEO Mike van Rossum.

Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl
The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who’ve pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported.

Ondo Spikes 8% as Ondo Finance Tests Instant Conversion From BlackRock's Tokenized Fund to USDC
Stablecoin issuer Circle introduced a new smart contract function earlier Thursday to allow near-instant, around-the-clock redemptions from BlackRock’s BUIDL fund for USDC stablecoins.

Thai Crypto Exchange Bitkub May Be Valued as High as B in IPO: CEO
Jirayut Srupsrisopa said earlier this month that an IPO was planned for next year.

Aptos Falls 16% Over Past Week, Lagging Ahead of 0M Token Unlocking Event
Nearly 25 million of locked-up APT tokens will be released Friday including to early investors, TokenUnlocks data shows.

Willem Schroé: Building Botanix, a Bitcoin Layer 2 That Brings the EVM to Bitcoin
A Belgian polymath and his team are building a “spiderchain” network that harnesses both bitcoin’s sound money properties and Ethereum’s technological capabilities.

Avi Eisenberg May Testify in 0M Crypto Fraud Trial, Defense Says
The crypto trader is facing up to 20 years in jail if convicted on all counts.

The SEC’s Suit Against Uniswap Is an Opening Attack Against DeFi
The DEX received a Wells Notice from the regulator, suggesting an enforcement action is imminent. While we don’t know the nature of the potential charges, the news raises the threat of legal jeopardy for decentralized finance.