Daily Report ｜Data: DeFi lending service company Altitude has completed a $6.1 million seed round financing; Bloomberg: Fidelity has chosen Jane Street and Cumberland DRW as counterparties for the Bitcoin spot ETF
BlackRock and VanEck have resubmitted the S-1 update for their Bitcoin spot ETF; WisdomTree's Bitcoin spot ETF code BTCW has been listed on the DTCC website in the U.S.Organizer: Luan Peng, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Data: DeFi Lending Service Altitude Completes $6.1 Million Seed Round Financing
According to ChainCatcher, DeFi lending service Altitude announced the completion of a $6.1 million seed round financing, with participation from Tioga Capital, New Form Capital, Flow Ventures, UDHC, GSR, Owl Ventures, and others.
It is reported that the Altitude protocol automatically manages collateralized debt by real-time adjusting the loan-to-value (LTV) ratio, maximizing capital efficiency while maintaining a secure liquidation risk status. Altitude has successfully completed on-chain testing and will soon enter the closed testing phase. (Source link)
2. BlackRock and VanEck Resubmit Bitcoin Spot ETF S-1 Update Filing
According to ChainCatcher, the SEC's official website shows that BlackRock and VanEck have resubmitted the Bitcoin spot ETF S-1 update filing. (Source link)
3. Bloomberg: Fidelity Chooses Jane Street and Cumberland DRW as Bitcoin Spot ETF Counterparties
According to ChainCatcher, Bloomberg reports that Fidelity Investments has selected Jane Street and Cumberland DRW as counterparties for its spot Bitcoin ETF, pending regulatory approval. (Source link)
4. WisdomTree Bitcoin Spot ETF Code BTCW Listed on US DTCC Website
According to ChainCatcher, the spot Bitcoin ETF "Wisdomtree Bitcoin Trust" (code BTCW) launched by asset management company WisdomTree has been listed on the US DTCC (Depository Trust & Clearing Corporation) website, with the Create/Redeem section showing as N. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
In 2023, the total market capitalization of cryptocurrencies saw a significant rebound, growing from $1 trillion at the beginning of the year to over $1.6 trillion by the end, which is seen as a clear signal that the crypto market is emerging from the "crypto winter." Besides the overall data showing a significant rebound, various sectors within the crypto industry have also seen different "highlights" emerge.
Looking back at 2023, both the global macro backdrop and the Web3 field were filled with uncertainties. Although the crypto market showed slight signs of recovery, the global macro economy remained under downward pressure, regional conflicts erupted suddenly, and aspects such as culture and consumption were lackluster. Traditional industries faced varying degrees of impact, and in the macro-connected Web3 field, the BTC spot ETF process accelerated, with major events such as CZ's resignation under US regulation and SBF's conviction breaking old norms, while AI technology represented by ChatGPT began commercial use.
"Narratives" are a main thread driving the crypto industry, where investment institutions and the market create new narratives, and investors question and understand these narratives. Looking ahead to 2024, reviewing the annual reports released by dozens of top crypto institutions, most institutions show an optimistic attitude towards the upcoming crypto market in 2024.
SoSo Value summarizes eight key narrative keywords you should know by interpreting these reports, starting from understanding "narratives" and combining its own insights, helping you position for the "clear bull market" anticipated by institutions, while hoping readers can avoid investment traps brought by market "uncertainty" and "reflexivity."
The annual reports and articles selected for this report come from: a16z, Coinbase, Messari, Hashed, Matrixport, Spartan, Binance, Delphi Digital, Pantera, and other institutions…
2. "The Block Annual Report Summary: Reviewing 2023 and Looking Ahead to 2024"
This report, "2024 Digital Assets Outlook," is written by The Block Research team, providing an in-depth analysis of four aspects: the performance of the digital asset market and prices in 2023, the role of infrastructure providers and regulators, the scale and evolution of blockchain platforms, and the development of on-chain applications. Below are the highlights compiled by Foresight News.
Bitcoin's performance will once again surpass most stocks, and the performance of Bitcoin mining stocks will again exceed that of Bitcoin; the tokenization of real-world assets (RWA) will be realized, provided that you can trade tokens, stocks, and bonds in one place; this is the last "super cycle" for digital assets before TradFi normalizes the industry; killer applications will emerge in gaming, AI, and DePIN fields; Ethereum will once again become the universal asset of "long blockchain."
