ChainCatcher news, The ETF Store President Nate Geraci tweeted that the U.S. Securities and Exchange Commission (SEC) has received an application to convert the Grayscale Digital Large Cap Fund (GDLC) into an ETF. Currently, GDLC holds approximately 77% BTC and 17% ETH, with the remainder in SOL, XRP, and AVAX. The SEC is currently soliciting public comments on this.Previous news, Grayscale submitted an application to the SEC to convert its mixed crypto fund Digital Large Cap Fund (GDLC) into an ETF.

ChainCatcher news, the NYSE Arca has submitted an application to the U.S. Securities and Exchange Commission (SEC) to adopt the new rule 8.800-E, which will allow the listing and trading of investment products based on commodities and digital assets. At the same time, the exchange specifically proposed to list and trade shares of Grayscale's Grayscale Digital Large Cap Fund under this new rule.Previous news, Grayscale applied to the U.S. Securities and Exchange Commission on October 15 to convert its Digital Large Cap Fund into an ETF, which is primarily composed of Bitcoin (accounting for nearly 75%) and Ethereum (approximately 19%), with the remainder including SOL, XRP, and AVAX.

ChainCatcher news, the Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance & Technology Network (GFTN) to promote the development of Singapore's fintech ecosystem and drive greater synergy and networking with the global fintech community.The first phase of measures includes developing a regulatory sandbox framework, establishing cross-border payment connections, piloting digital assets and tokenization, and facilitating the adoption of artificial intelligence (AI). GFTN will collaborate with MAS to advance industry and policy dialogue in the areas of payments, asset tokenization, and AI/quantum.

ChainCatcher message, according to @ai_9684xtpa monitoring, Galaxy Digital has withdrawn 10,750 ETH from Binance in the past 15 minutes, worth approximately 28.19 million dollars.In addition, Galaxy Digital also received AAVE worth 3.02 million dollars from address 0x3EA...36B5a.

ChainCatcher news, according to CoinShares' latest weekly report, last week saw a net inflow of $901 million into digital asset investment products, accounting for 12% of total AUM so far this month, making it the fourth largest month for inflows. The total inflow for this year currently stands at $27 billion, more than double the $10.5 billion inflow in 2021.Bitcoin saw an inflow of $920 million, while Ethereum experienced an outflow of $35 million; Solana and blockchain stocks saw inflows of $10.8 million and $12.2 million, respectively.

ChainCatcher news, the latest research report from blockchain infrastructure company Blockdaemon points out that as the 2024 U.S. presidential election approaches, the regulatory landscape for digital assets is expected to make significant progress in 2025. The report indicates that two key regulatory policies are currently in the legislative process: the proposal to repeal SAB 121 and the landmark "21st Century Financial Innovation and Technology Act" (FIT21).Among them, the FIT21 bill was passed in the House of Representatives in May 2024 with bipartisan support. The core content of the bill includes clearly defining the regulatory boundaries between the SEC and CFTC, establishing standards for identifying the commodity and security attributes of digital assets, and creating a legal framework for financial institutions to conduct digital asset custody services.Blockdaemon predicts that with strong bipartisan support, the FIT21 bill is expected to pass the Senate in 2025 and ultimately be signed into law, which will enable the U.S. to play a leading role in balancing innovation and consumer risk.

ChainCatcher news, Galaxy Digital's research director Alex Thorn posted on the X platform that Memecoins exist at the intersection of two factors: concerns over the lack of successful crypto use cases and the despair of young people regarding the bleak economic outlook.

ChainCatcher news, Aark Digital announced the launch of the Arkham Bounty Program on X, aiming to recover recently stolen funds. The bounty is divided into two types:Bounty 1: A reward of up to 6,100 ARKM (or 10,000 USDC) for actionable intelligence that directly leads to reporting to CEX or freezing/recovering stolen assets;Bounty 2: For those who contribute to the successful recovery of stolen assets, the team will offer a reward of 207,912.83 USDC and 3.62 ETH, or 15% of the stolen amount as a white hat reward.It is reported that Aark Digital recently experienced a security incident, where unauthorized parties accessed and stole approximately 1,386,085 USDC and 24.143 ETH, totaling around 1.5 million USD.

ChainCatcher news, according to China Business News, HarmonyOS has announced the establishment of an open ecosystem for meta-services, which includes digital renminbi. This means that HarmonyOS users can use the corresponding services without downloading the digital renminbi app, allowing them to make payments with digital renminbi as soon as they get their phones, innovatively achieving a deep integration of legal digital currency functions with the mobile operating system.It is understood that in terms of cooperation with the HarmonyOS system, the next step for digital renminbi will be to strengthen its deep integration with the HarmonyOS system, enrich the application and management functions of the digital renminbi wallet, jointly develop financial middleware, and support interaction with other financial applications, thereby providing safer and more convenient digital renminbi services. At the same time, it will enhance risk monitoring and risk prevention capabilities, using security detection technology to ensure the authenticity and reliability of the mobile operating environment, while protecting user privacy and security, improving the central bank's penetrating regulatory capabilities for digital renminbi, and achieving comprehensive business management and risk prevention. In addition, digital renminbi will help HarmonyOS strengthen its financial service ecosystem, covering more smart IoT devices through the integration of digital renminbi and open-source HarmonyOS.It is understood that through cooperation with HarmonyOS, digital renminbi will form a replicable and promotable model, advancing in-depth cooperation with other domestic mobile phone manufacturers, achieving the embedding of digital renminbi in a componentized form within the underlying operating systems of domestic phones, and building central bank management capabilities that adapt to the open ecosystem of digital renminbi. On this basis, it will continuously improve the cooperation model with mobile phone manufacturers and operating system vendors, creating a collaborative and win-win ecosystem.

ChainCatcher news, Turkey's Garanti BBVA Bank launched Garanti BBVA Digital Assets last year as part of its fintech subsidiary. The company launched its wallet in June and has now confirmed it is using a combination of Ripple Custody and IBM's technology.Garanti BBVA has updated the status of its digital asset products. Garanti BBVA Kripto CEO Korcan Abalı stated, "We have seen a clear demand and growing interest from customers in digital assets. To meet this demand, we established Garanti BBVA Digital Assets in 2023, currently providing services under the name Garanti BBVA Kripto for BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL."So far, it has 14,000 digital asset customers, serving a main bank of 12 million digital customers and 11.6 million mobile customers.

ChainCatcher news, according to Cointelegraph, Binance Thailand CEO Nirun Fuwattananukul published an opinion piece in the Bangkok Post, pointing out that Thailand's digital asset market is shifting from retail-led to institution-led, helping Thailand become a fintech hub in Southeast Asia.Fuwattananukul stated that the new regulations proposed by the Thai Securities and Exchange Commission (SEC) on October 9 are a key step in the maturation of Thailand's cryptocurrency market. The regulation will allow institutional-grade mutual funds and private equity funds to invest in crypto products, such as U.S. spot crypto ETFs. He emphasized that this is not only about legitimizing Bitcoin but also about creating a mature ecosystem for the coexistence of traditional finance and crypto assets.Additionally, Fuwattananukul noted that the tokenization of real-world assets (RWA) is becoming a major trend in Thailand. According to research by Tren Finance, the RWA tokenization industry could grow 50 times by 2030. Traditional banks in Thailand are exploring the conversion of conventional assets such as bonds, real estate, and stocks into blockchain-tradable digital assets.

ChainCatcher News, U.S. state securities regulators have stated that most of their investigations and enforcement actions in 2023 stem from technology and digital assets.In new investigations launched in 2023, 343 cases involved digital assets, 144 involved staking, and 205 involved social media fraud. The North American Securities Administrators Association stated in a release earlier this week that these numbers represent a "significant increase" compared to 2022.According to the 2024 Enforcement Report released on Tuesday, throughout the entire calendar and fiscal year of 2023, state regulators also reported 214 cases involving stocks and equity, as well as 145 cases involving Ponzi schemes and pyramid schemes. The report was compiled through a survey of NASAA members, including responses from 49 member jurisdictions of the association.

ChainCatcher news, the Pennsylvania House of Representatives passed the "Bitcoin Rights" bill, providing regulatory clarity for digital assets. This move comes against the backdrop of increasing uncertainty regarding cryptocurrency regulation at the federal level, continuing the trend of legislatures and governors across the country attempting to establish some rules for the U.S. crypto industry.The bill passed with a majority of 176 votes to 26, with support from 76 Democrats and all 100 Republicans.The bill protects residents' rights to self-custody of digital assets, ensuring they can use Bitcoin as a means of payment and providing clear guidelines for taxing Bitcoin transactions.The bill was drafted by the external Bitcoin advocacy organization Satoshi Action Fund, which is the latest initiative to help lawmakers understand the nuances of blockchain technology and Bitcoin. SAF has successfully assisted 20 other states in drafting and passing similar legislation, with four bills in Oklahoma, Louisiana, Montana, and Arkansas becoming law.

ChainCatcher news, according to Bloomberg, Tether Holdings Ltd. is attempting to persuade Turkey to use digital assets to completely reform the country's boron market, marking the latest sign of the cryptocurrency industry's efforts to leverage the commodities sector for further growth. Sources revealed that the stablecoin issuer Tether proposed to government officials the creation of digital tokens representing borate minerals using blockchain technology. Tether also suggested the idea of establishing a digital asset exchange in Istanbul. A Turkish government official stated that the boron proposal is currently not feasible, while an official from Turkey's Ministry of Energy indicated that negotiations with Tether are still in the early stages.It is reported that boron products are primarily used in the manufacture of ceramics, detergents, fertilizers, and glass. Turkey's monopoly supplier, the state-owned Eti Maden General Directorate, estimates that the country's boron reserves account for over 70% of the world's total reserves.

ChainCatcher news, according to Bloomberg, Tether Holdings Ltd. is attempting to persuade Turkey to use digital assets to completely reform the country's boron market, marking the latest sign of the cryptocurrency industry's efforts to leverage the commodities sector for further growth.Informed sources revealed that the stablecoin issuer Tether has proposed to government officials the creation of digital tokens representing borate minerals using blockchain technology. Tether has also suggested the idea of establishing a digital asset trading platform in Istanbul.A Turkish government official stated that the boron proposal is currently not feasible, while an official from Turkey's Ministry of Energy indicated that negotiations with Tether are still in the early stages. It is reported that boron products are primarily used in the manufacture of ceramics, detergents, fertilizers, and glass. Turkey's monopoly supplier, the state-owned Eti Maden General Directorate, estimates that the country's boron reserves account for over 70% of the world's total reserves.

ChainCatcher news, according to The Block, the European digital securities issuance platform STOKR has completed a $7.98 million financing round, planning to use most of the funds to establish one of the first corporate Bitcoin reserves in Europe. This round of financing was led by Fulgur Ventures, including 100 Bitcoins (approximately $6.78 million) and €1.2 million in cash (totaling €7.4 million).STOKR stated that it will follow MicroStrategy's strategy and actively expand its Bitcoin reserves in the coming years. Additionally, the company plans to launch Bitcoin-based tokenized assets and develop institutional tokenization infrastructure on native Bitcoin Layer 2 technologies (such as Liquid Network). STOKR's co-CEO Arnab Naskar said that establishing a Bitcoin reserve is an important step for the platform's development in the field of Bitcoin derivatives tokenization.Furthermore, according to the Web3 asset data platform RootData, STOKR is a digital marketplace for alternative investments, allowing users to access a diversified world of alternative assets through investments in Bitcoin mining, real estate, music royalties, and more. At STOKR, both institutional and retail investors can access diverse and high-quality investment opportunities while retaining direct control over their investments. STOKR is regulated as a virtual asset service provider by the Luxembourg CSSF (Financial Supervisory Authority), providing turnkey solutions for young and growing companies seeking capital in the EU. These solutions cover all elements of institutional-grade asset tokenization, including complex investment structures, smart contract management, AML/KYC verification, payment rails (both cryptocurrency and fiat), and comprehensive lifecycle management of digital securities.

ChainCatcher news, according to The Block, the European digital asset platform STOKR has completed a $7.98 million funding round, planning to use most of the funds to establish one of the first corporate Bitcoin reserves in Europe. This round of financing was led by Fulgur Ventures, including 100 Bitcoins (approximately $6.78 million) and €1.2 million in cash (a total of €7.4 million).STOKR stated that it will follow MicroStrategy's strategy and actively expand its Bitcoin reserves in the coming years. In addition, the company plans to launch Bitcoin-based tokenized assets and develop institutional tokenization infrastructure on native Bitcoin Layer 2 technologies (such as Liquid Network).STOKR's co-CEO Arnab Naskar said that establishing a Bitcoin reserve is an important step for the platform's development in the field of Bitcoin derivatives tokenization.