GBTC's negative premium rate narrowed to 14%｜Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Binance temporarily suspends new UK user registrations while it is looking for a new FCA-authorized approver.
• CZ: Binance had a hardware failure today and it only took 10 seconds for the engine to automatically switch over to the backup system.
• Bitget launches the Bitget Card program, to be supported in 180 countries/regions.
• Bitget launches futures quant, an investment bot based on AI technology.
• Bitget Wallet now supports the Scroll mainnet.
• OKX Web3 wallet has now integrated with the layer 2 network Scroll. OKX NFT marketplace now supports Polygon zkEVM, and has so far integrated 18 mainstream public chains.
• Coinbase announced that Germany will become its regional talent hub.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC+8)

2.Cryptocurrency Trends:

• Cointelegraph: The team received fake news via Telegram, and an employee published the message without editorial approval. U.S. Securities and Exchange Commission (SEC): "Careful what you read on the internet. The best source of information about the SEC is the SEC."
• ProShares will launch a ETHUSDT"> short Ethereum futures ETF in early September.
• Uniswap will implement a 0.15% swap fee on certain token trades made through its front end.
• FTX creditors have all agreed to support a restructuring plan to be filed by December 16.
• GBTC's negative premium rate has narrowed to 14% marking its lowest level since December 2021.
• HashKey Group will be an official sponsor of Hong Kong FinTech Week and will host the VIP Opening Ceremony on October 30th.
• dYdX Trading Inc. has officially become a Public Benefit Corporation.

3.Financing Trends:

• The Sui Foundation has announced its grants list, with a total of 15 projects receiving around US$1.06 million in funding.
• Solana-based multisig protocol Squads has closed a US$5.7 million funding round led by Placeholder.
• DWF Labs enters into a liquidity partnership agreement with BinaryX to increase the liquidity of the BNX token.
• Web3 file management application Fileverse raised US$1.5 million in a pre-seed round led by Gnosis Chain and Factor.

4.Regulatory Trends:

• South Korea's financial regulatory authority will establish standards for virtual asset listing processes, internal management, issuance, and circulation volumes.
• South Korea's Ministry of Education prepares to develop guidelines for handling donations of virtual assets.
• The Basel Committee on Banking Supervision is proposing to implement risk disclosure requirements for bank crypto assets in 2025.