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🌙 BlackRock’s ETF Beats Grayscale's

🌙 BlackRock’s ETF Beats Grayscale's

BlackRock’s iShares Bitcoin Trust, or IBIT, has surpassed the Grayscale Bitcoin Trust, or GBTC, in size.

Mike Gavela
May 29, 2024

Crypto Roundup - May 29

BlackRock's recent filings and developments in the cryptocurrency market have significant implications. The firm's Bitcoin ETF is outperforming GBTC, which is seen as a bullish signal for the broader crypto market. Additionally, BlackRock has filed an amended S-1 registration statement for an upcoming Ethereum ETF, providing more disclosures and clarity. Meanwhile, Mastercard has introduced a peer-to-peer crypto network featuring a vanity address system, further integrating cryptocurrency into mainstream financial systems.

Top Stories:

BlackRock's Bitcoin ETF is outperforming GBTC, viewed as bullish for the crypto market.
BlackRock files amended S-1 registration for an Ethereum ETF with additional disclosures.
Mastercard launches P2P crypto network with a vanity address system.

FUNDRAISES

EXCLUSIVE: Tokenization platform Fortunafi raises funds at $48 million valuation, unveils stablecoin protocol Reservoir
— The Block (@TheBlock__)
4:59 PM • May 29, 2024

We are excited to announce the closing of Supervillain Labs' $4.5M seed round!
This investment was co-led by Aptos Labs(@AptosLabs) and Neowiz's Intella X(@TeamIntella), with participation from four top global investors: Spartan Group(@TheSpartanGroup), KIP-CRIT Interactive… x.com/i/web/status/1…
— Supervillain Labs (@supervlabs)
12:01 AM • May 29, 2024

Web3 AI and gaming firm PlayAI raises $4.3 million in seed funding
— The Block (@TheBlock__)
3:04 PM • May 29, 2024

OTHER HEADLINES

Crypto Industry Cheers As SEC Must Pay $1.8 Million for ‘Gross Abuse’ of Power - Decrypt

A judge has sanctioned the SEC for its failed case against DEBT Box—and made sure he gets the case if it returns to court.

decrypt.co/232902/sec-sanction-gross-abuse-power-judge-win-for-industry

Biden campaign ramps up crypto industry outreach in surprising tone 'shift'

President Joe Biden’s re-election campaign has begun reaching out to key figures in the cryptocurrency industry, seeking guidance on "crypto community and crypto policy moving forward," sources told The Block.

www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024?utm_source=rss&utm_medium=rss

U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says

FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary.

www.coindesk.com/policy/2024/05/29/us-treasury-isnt-trying-to-ban-crypto-mixers-top-official-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

CRYPTO TWITTER (X)

gemini earn distribution breakdown
thoughts:
- this will be done in kind
- most of it will be btc at 960m and eth at 600m
- sol is surprisingly tiny at 40m
- alts not heavily impacted apart from a few select
these will be distributed in kind, which means we can expect some… x.com/i/web/status/1…
— kwaker oats (@kwaker_oats_)
2:28 PM • May 29, 2024

$PEPE is now worth more than every single major NFT project, across blockchains, combined.
— Stats (@punk9059)
1:56 PM • May 29, 2024

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