ChainCatcher news, after obtaining approval from the Israel Securities Authority (ISA), six mutual funds tracking the price of Bitcoin (BTC) will be listed in Israel next week.The six companies will start operating on December 31, the same day, which is a condition set by the regulators. Investment company executives stated, "The investment companies have been pleading for ETF approval for over a year and began sending out prospectuses for Bitcoin funds mid-year. But the regulators have acted independently. They must check the details."

ChainCatcher news, Bitcoin Magazine editor The Bitcoin Historian revealed on X that the insurance giant MassMutual purchased over 5,000 bitcoins four years ago, which have now increased fivefold, with a market value of approximately $500 million.

ChainCatcher news, the crypto insurance brokerage Native has completed a $2.6 million seed round financing, led by Nexus Mutual.Native will provide $20 million of on-chain insurance for each risk and will operate a fund pool on Nexus Mutual.Ben Davies, co-founder and CEO of Native, stated in an interview: "Native's role is to help address the long-standing issue of underinsurance in the market. Without a liquid insurance market, no industry can thrive, which is why we have established an on-chain commercial insurance brokerage, something that the market truly lacks."

ChainCatcher news, the Securities and Exchange Commission (SEC) of Thailand has proposed new regulations allowing mutual funds and private funds to invest in digital assets, in line with international developments and to meet the growing interest of institutional investors. A draft proposal released on Wednesday is seeking public comments on the revision of standards for funds investing in digital assets.The SEC proposed allowing securities firms and asset management companies to provide services to large investors interested in investing in crypto-related products (such as ETFs), creating more opportunities for investors to diversify their portfolios under expert management.

ChainCatcher news, according to the Hong Kong Radio website, the Deputy Financial Secretary of Hong Kong, Huang Weilun, stated that in recent years, the Hong Kong government has focused its policy on promoting innovation in the financial industry, including advancing the development of virtual assets and financial technology. Therefore, it is collaborating with the Hong Kong Stock Exchange to enhance connections with the mainland through the connectivity system, achieving a win-win cooperation in the range and opportunities of investment products.

ChainCatcher news, Franklin Templeton CEO Jenny Johnson stated that she is a strong fan of blockchain technology. The company conducted a parallel experiment using traditional methods and blockchain to process account records for six to eight months. Jenny Johnson noted that the results were very positive, "We were surprised by how much lower the costs were to run it on-chain."Johnson stated, "Blockchain is a very efficient technology. We believe that blockchain will bring many new investment opportunities, and all ETFs and mutual funds will eventually appear on-chain."Additionally, Johnson acknowledged the practicality of generative AI systems but also warned that it is somewhat like "a student who excels in English but fails in math."

ChainCatcher news, as reported by Bitcoin Magazine, shows that according to the SEC's 13F filing, insurance giant MassMutual has held a position in Bitcoin ETF, with the specific amount not yet disclosed.

ChainCatcher news, 0xHer.AI has launched a new official website and roadmap, announcing the establishment of the HER DAO Global Women's Mutual Aid Alliance, supporting women users worldwide in learning to use AI and cryptocurrency to increase their income.It is reported that 0xHer.AI has received support from over 200 influential female KOLs in the global cryptocurrency industry, and will provide online training courses verified by OpenAI's AI technology to help female users learn to use AI and cryptocurrency to improve employment and increase income. They plan to offer loan services to female entrepreneurs in the Web3 industry, supporting over 20 female entrepreneurial projects.

ChainCatcher news, representatives of the Government of the People's Republic of China and the Government of the Republic of Singapore signed the "Agreement between the Government of the People's Republic of China and the Government of the Republic of Singapore on Visa Exemption for Holders of Ordinary Passports" in Beijing. The agreement will officially take effect on February 9, 2024 (Lunar New Year's Eve).At that time, holders of ordinary passports from both sides can enter each other's countries visa-free for tourism, family visits, business, and other private matters, with a stay not exceeding 30 days. Activities such as work and news reporting that require prior approval, as well as stays exceeding 30 days in the other country, must obtain the appropriate visa before entering the other country.

ChainCatcher news, according to Tech in Asia, London-based cryptocurrency startup Immix has completed a $2.7 million seed round financing, led by MassMutual Ventures, with participation from Ripple.It is reported that this round of financing will be used to develop Immix's trading platform and enhance the execution capabilities of its market-making products. Immix was originally a cryptocurrency hedge fund and has now shifted to an unhosted trading system for institutional investors.

ChainCatcher news, the DeFi insurance protocol Nexus Mutual has staked 6,624 Ethereum, worth approximately $11 million, to the liquidity staking platform Kiln through the decentralized asset management protocol Enzyme.

ChainCatcher news, according to CoinDesk, the DeFi insurance protocol Nexus Mutual has established a partnership with the UK company InShare, which manages mutual insurance organizations. Nexus will add a portion of its $274 million on-chain capital pool capacity to the mutual organization The Retail Mutual, which is a UK-based mutual organization consisting of over 5,000 shop owners and small retail businesses.According to the agreement, if The Retail Mutual incurs more than 57% of community contributions in any given year and a single claim exceeds £200,000 ($255,000), Nexus will provide compensation. The Retail Mutual generates approximately £2 million in annual revenue, so if the claim amount exceeds £1.14 million, Nexus will cover the excess portion.

ChainCatcher news, according to The Block, the DeFi insurance platform Nexus Mutual DAO exchanged 14,390 ETH (27.3 million USD) from its "security insurance module" for Rocket Pool rETH liquid staking tokens through the CoW Swap DEX aggregator, as part of Nexus Mutual's broader diversification strategy.Previously, an investment committee within Nexus Mutual DAO suggested reallocating funds from its insurance module (which provides insurance against security events such as hacks) to liquid staking Ethereum.

ChainCatcher news, FTX debtors and FTX Bahamas joint provisional liquidators have reached a cooperation agreement on the terms of mutual participation in legal proceedings in each jurisdiction. "According to the cooperation agreement, the parties will begin to work together to share information, protect assets, and return them to their remaining assets, while coordinating litigation against third parties and exploring strategic alternatives to maximize stakeholder recoveries, in order to enhance stakeholder recovery rates." This agreement is subject to approval by the courts of Delaware and the Bahamas.The parties also agreed to dispose of Bahamian real estate in a process led by the provisional liquidators and supervised by the courts of both jurisdictions, as well as to confirm the process for the remaining cryptocurrency assets controlled by the Bahamas Securities Commission in the Fireblocks accounts previously disclosed by the FTX debtors. Both parties expressed satisfaction that the cryptocurrency assets are protected by the Bahamas Securities Commission and reached an agreement on the process for handling the remaining assets under its control. (Source link)

ChainCatcher news, DeFi insurance platform Nexus Mutual disclosed today that due to the default of the crypto hedge fund and credit company Orthogonal Trading, it incurred a loss of 2,461 ETH, accounting for 1.6% of its total assets, which does not affect its daily operations or ability to pay claims. Additionally, the market maker Auros Global failed to repay a loan of 2,400 wETH to Maple, and there are another 6,000 wETH in outstanding active loans in the same pool. Nexus stated that the amount of this loss is temporarily unknown but will not exceed the losses incurred from Orthogonal Trading.Yesterday's report indicated that Orthogonal Trading has defaulted on a total loan of 36 million USD from the institutional lending protocol Maple Finance, which accounts for about 30% of Maple Finance's active loan volume. The loan comes from the M11 USDC pool and the M11 WETH pool operated by Maven 11. Nexus Mutual previously deployed 29 million USD to the M11 WETH pool on Maple Finance to earn yields in August of this year. (Source link)

ChainCatcher news, Huobi co-founder Du Jun tweeted, "Support the argument, only by exposing each other's shortcomings and supervising each other can the assets of centralized institutions become more transparent, and the interests of retail investors can be relatively protected, leading to healthier industry development."In addition, he added, "This war between CZ and Sam, if it can lead centralized institutions to implement 100% reserves or other measures to promote asset transparency, would be very beneficial for the development of the entire Crypto industry. Government regulatory agencies would also be happy to see everyone form industry self-discipline, rather than a chaotic situation where investors' interests are not reasonably protected, and in the end, when the regulatory hammer falls, everyone suffers." (source link)