Daily Report | Volatility Shares launches the first leveraged Ethereum ETF in the U.S.; Hong Kong SFC will conduct on-site office inspections of cryptocurrency platforms applying for licenses; Thailand introduces a new "digital nomad" visa
May 29 News Overview整理：Fairy, ChainCatcher
Important News:
- Hong Kong SFC to Conduct On-Site Office Inspections of Cryptocurrency Platforms Applying for Licenses
- Thailand Launches New "Digital Nomad" Visa, Extending Stay by Nearly a Year
- Hong Kong Government in Communication with SFC to Expedite Processing of All Virtual Asset Platform Applications
- AI-Driven Intent DeFi Platform Aperture Finance Completes $12 Million Funding Round, Led by Skyland Ventures
- Volatility Shares Launches First Leveraged Ethereum ETF in the U.S., Trading to Start on June 4
- Ripple Donates $25 Million to Cryptocurrency Super PAC Fairshake
"What Important Events Happened in the Last 24 Hours"
Hong Kong SFC to Conduct On-Site Office Inspections of Cryptocurrency Platforms Applying for Licenses
The Hong Kong Securities and Futures Commission (SFC) recently announced that it will conduct on-site office inspections of cryptocurrency platforms applying for licenses. The regulator emphasized that the 18 applicants "considered to have obtained licenses" must undergo inspections to obtain approval for their applications. These inspections will take place in the coming months, during which the VATP applicants deemed to have obtained licenses will submit their applications. The on-site inspections will focus on the protection of customer assets by cryptocurrency platforms and the Know Your Customer (KYC) processes to determine whether the companies comply with the SFC's regulatory requirements.
London Stock Exchange's New Cryptocurrency ETN Trades Only 200 Shares on First Day
Yesterday, the London Stock Exchange opened trading for cryptocurrency exchange-traded notes (ETNs), but only 200 shares were traded on the first day. Charlie Morris, head of ByteTree, stated, "This is a very strange situation. There was no warning or PR. It makes no sense; I just hope it's an appetizer before retail approval. But these are not funds; they are just a new share class of existing German and Swiss Bitcoin ETFs."
It is reported that the current ETNs are limited to purchases by regulated financial investors, excluding retail traders.
Thailand Launches New "Digital Nomad" Visa, Extending Stay by Nearly a Year
According to Cointelegraph, the Thai government has announced a new visa category for digital nomads and freelancers. It is reported that this visa allows them to work in the country for nearly a year, but details regarding tax and income requirements remain unclear. In recent years, the country has become a hotspot for digital nomads, attracting cryptocurrency traders and developers.
Reports indicate that the Thai government has introduced a new Thai Destination Visa (DTV) for foreigners wishing to work while on holiday. The DTV costs $270 (10,000 Thai Baht) and is valid for five years. The stay period for the DTV is 180 days, which can be extended for another 180 days by paying the same fee, allowing holders to work in Thailand for nearly 12 months each time. The visa stipulates that those working remotely in Thailand must provide at least approximately $13,650 (500,000 Thai Baht) as support guarantees for spouses and children.
Upbit to List Bounce (AUCTION)
South Korean cryptocurrency exchange Upbit will list Bounce (AUCTION), with trading set to begin at 18:50 local time.
Canada Expected to Adopt International Crypto Asset Reporting Framework (CARF) for Taxation by 2026
According to a supplementary document from the 2024 budget, Canada is expected to adopt the International Crypto Asset Reporting Framework (CARF) for taxation by 2026. CARF will impose new reporting requirements on crypto asset service providers (CASPs), such as cryptocurrency exchanges, crypto asset brokers and dealers, and crypto ATM operators, whether individuals or corporate entities.
Ripple Donates $25 Million to Cryptocurrency Super PAC Fairshake
Ripple has donated $25 million to the cryptocurrency super PAC Fairshake, bringing the total donations for this political action committee close to $100 million ahead of the elections in November this year.
Hong Kong Government in Communication with SFC to Expedite Processing of All Virtual Asset Platform Applications
According to reports from Hong Kong media, the Hong Kong government will maintain close communication with the SFC to expedite the processing of all platform applications, providing citizens and investors with more secure investment options. Looking ahead, Hong Kong will further improve its regulatory framework, including regulations for virtual asset over-the-counter service providers, to build a robust ecosystem for the virtual asset industry and promote its responsible and sustainable development.
AI-Driven Intent DeFi Platform Aperture Finance Completes $12 Million Funding Round, Led by Skyland Ventures
According to PR Newswire, AI-driven intent DeFi platform Aperture Finance has completed a Series A funding round, raising a total of $12 million, with a project valuation of $250 million. This round of funding was led by venture capital firms such as Skyland Ventures, Blockchain Founders Fund, and Krypital Group, with participation from notable investors including Alchemy, SNZ, Stratified Capital, Tide, Cipholio, ViaBTC, CatcherVC, and Double Peak.
Researchers Recover 43.6 Bitcoins Worth Over $2.96 Million by Cracking a 20-Character Password
According to The Block, two researchers helped a man recover the lost password to his cryptocurrency wallet, which contained 43.6 bitcoins currently valued at approximately $2.96 million.
Blockchain Game Developer Supervillain Labs Completes $4.5 Million Seed Round Funding, Co-Led by Aptos Labs and Intella X
According to official news, blockchain game developer Supervillain Labs announced the completion of a $4.5 million seed round funding, co-led by Aptos Labs and Intella X, with participation from Spartan Group, KIP-CRIT Interactive Contents Fund, Presto Labs, and Planetarium Labs.
PayPal Obtains Cryptocurrency Trust License in New York
According to Ledger Insights, the New York State Department of Financial Services (NYDFS) has recently granted PayPal Digital a limited-purpose trust license, typically held by digital asset custodians and stablecoin issuers. Last August, PayPal launched its stablecoin PYUSD, issued by Paxos Trust Company. The acquisition of this trust license by PayPal may aim to take over the custody of PayPal customers' crypto assets and shift stablecoin issuance in-house.
Volatility Shares Launches First Leveraged Ethereum ETF in the U.S., Trading to Start on June 4
According to CoinDesk, the 2x Ether ETF (ETHU) launched by Volatility Shares will become the first leveraged Ethereum ETF in the U.S. The company announced on its website that trading will begin on June 4.
It is reported that this launch comes about a year after Volatility Shares launched its 2x Bitcoin Strategy ETF in June 2023. The U.S. Bitcoin spot ETF eventually received approval from the U.S. Securities and Exchange Commission (SEC) and began trading approximately seven months later.
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Interview with Sun Yuchen: I Don't Think Jia Yueting is a Fraud, Running a Company is My Only Hobby
Sun Yuchen is always a hot topic in the crypto world. From eye-catching statements on social media to anecdotes from his personal life, every little detail piques everyone's curiosity. Today, Hua Zong engaged in a two-and-a-half-hour conversation with Sun Yuchen on his podcast "Kicking Off," discussing topics ranging from his plans to invest in Jia Yueting's IP e-commerce company to interesting stories about coconut chicken in legends.
Behind the "Escape Plan" of Friend.tech's Founder: Coin Prices and Active Users Decline Together
In the ever-changing landscape of Web3 social networks, an announcement from the Friend.tech protocol has caused a stir in the market. Recently, its co-founder (alias Racer) posted on social media, hinting at the intention to migrate the Friend.tech protocol from the current Base platform, which immediately led to a significant drop in the price of the protocol's native token, FRIEND. According to CoinGecko, on the day of the announcement, the price of FRIEND fell to $1.01, with a 24-hour decline of 32.2%.
On-chain data shows that "Brother Ma Ji," Huang Licheng's address has accumulated 4,873 ETH (approximately $15.35 million) to buy FRIEND at an average price of $1.9, currently facing a floating loss of $7.54 million. Projects facing the risk of being "cut" are still rare, and the crypto community has also circulated comments about Friend.tech being "done." So what exactly went wrong with Friend.tech, which once dominated SocialFi?
Interview with Trader Paleking: From $30,000 Small Retail Investor to $50 Million Fund Trader, How to Develop Expert Trading Strategies?
In a "non-intervention bull market," being able to correctly identify which asset can outperform Bitcoin is the strongest alpha.
FC: When did you enter the market?
Paleking: I started trading coins for the first time in October 2017, and the first thing I traded was called EOS. At that time, I turned $10,000 into $100,000. I first learned about EOS, and only later did I find out about Bitcoin and Ethereum, so EOS played a role in breaking me into this circle.
