ChainCatcher news, according to market news, Hong Kong has approved the first structured product license for Bitcoin and cryptocurrency.

ChainCatcher news, according to cryptonews, Hong Kong's cryptocurrency brokerage Victory Securities has announced plans to launch structured products for professional investors by the end of this year. Structured crypto products are designed to provide customized returns by leveraging the performance of a single cryptocurrency or a combination of multiple cryptocurrencies, helping investors pursue higher potential returns and achieve various objectives.The brokerage announced that it has obtained regulatory approval from the Hong Kong Securities and Futures Commission. The company stated that this makes it the first licensed brokerage in Hong Kong to market and distribute cash-settled virtual asset structured products to professional investors.

ChainCatcher news, according to Cointelegraph, the National Bank of Bahrain has announced the launch of the first Bitcoin-linked structured investment product, designed specifically for institutional investors in the Gulf Cooperation Council, which consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

ChainCatcher news, according to Cointelegraph, DBS Bank will launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients, continuing to offer financial products linked to Bitcoin and Ethereum. Although DBS Bank did not disclose specific dates, the bank stated that the issuance of related cryptocurrency products will begin sometime in the fourth quarter of 2024.

ChainCatcher news, Galaxy's Vice President of Research Christine Kim published a summary of the 141st Ethereum Core Developers Consensus (ACDC) call.This week, developers discussed modifications to the Ethereum Consensus Layer (CL), various updates to the consensus layer specifications and engine API in the Pectra upgrade (including EIP7251 and Beacon block body, etc.), and how to address the proof computation issues for resource-constrained node operators (primarily Home Stakers) in PeerDAS. PeerDAS Devnet2 is expected to be rebuilt on the basis of the Pectra upgrade, rather than Deneb.

ChainCatcher news, New Fire Technology Holdings Limited (1611.HK) announced that its subsidiary New Fire Asset Management (Hong Kong) Limited ("New Fire Asset Management") has received approval from the Hong Kong Securities and Futures Commission for the application of License 1 (Securities Trading) and the upgrade of License 4 (Advising on Securities).New Fire Asset Management will add the business of distributing virtual asset (VA) related products to professional investors, including but not limited to VA funds, Bitcoin and Ethereum ETFs, and VA structured products. At the same time, as a holder of License 4, New Fire Asset Management has further been approved to provide virtual asset consulting services under License 4.

ChainCatcher news, according to official sources, the ssv.network DAO has announced that the SSV core team has officially restructured into SSV Labs. SSV Labs will play the role of the core contributor to the ssv.network protocol, providing various services to the SSV DAO and foundation, while actively participating in the development of the protocol.It is reported that SSV Labs holds two seats in the DAO and has become a service provider for the DAO through proposals, including marketing activities. The three pillars of the SSV network are contributors, the SSV Foundation, and the ssv.network DAO, aimed at ensuring compliance, self-innovation, and the natural expansion of the ecosystem.

ChainCatcher news, Guotai Junan International (01788.HK) announced the launch of a structured product based on a virtual asset spot ETF, making it the first in the Hong Kong market. As a distributor of virtual currency spot ETFs in Hong Kong, the company now supports investors in purchasing listed virtual asset ETF products and provides customers with a new way to invest in virtual asset ETF-linked notes (ELNs).In the future, Guotai Junan International will continue to closely monitor ETF market trends, constantly enrich its product portfolio, and provide virtual asset investment solutions for investors in Hong Kong and around the world.

ChainCatcher news reports that sources reveal the cryptocurrency exchange Bullish is restructuring Coindesk, with multiple executives and overseas teams being laid off.Bullish, led by former New York Stock Exchange president Tom Farley, announced the acquisition of CoinDesk last November.On February 9, Bullish announced the replacement of CoinDesk's long-time CEO Kevin Worth with Bullish's head of business development, Sara Stratoberdha.According to media reports, Bullish has replaced the former CoinDesk CEO, some original team executives, and overseas team members, including long-time CEO Kevin Worth, Chief Operating Officer and Media President Elinor Hirschhorn, Engineering Vice President John DeGuenther, and Global Strategy Executive Director Emily Parker, all of whom have left. Chief Content Officer Michael Casey will no longer serve in a full-time role but will continue to remain at CoinDesk in another capacity.

ChainCatcher message, OKX's structured product Snowball has been newly upgraded, with the addition of an online subscription method, zero trading fees, and the subscription threshold adjusted from 50,000 USDT to a minimum investment of 10 USDT, making it accessible for ordinary users. Additionally, Snowball offers various subscription periods to provide users with higher upside and downside protection. Open the OKX APP, select the structured products in the finance section, and you can access the Snowball trading page.It is reported that Snowball is a new structured product launched by OKX, which helps users achieve considerable risk-adjusted returns through its unique partial downside protection. If users expect the price of the coin to fluctuate within a certain range or moderately rise, they can choose the bullish Snowball; if users expect the price of the coin to fluctuate within a certain range or moderately fall, they should choose the bearish Snowball. For bullish BTC/ETH, an investment in USDT is required; for bearish BTC/ETH, the corresponding cryptocurrency must be invested.

ChainCatcher news, according to The Block, the team Cega, which focuses on building structured products for the volatile cryptocurrency market, announced today the launch of its "Dual Stream Product," offering up to 22% annual percentage yield (APY) for staked Ethereum (stETH) and ETH holders. This new product provides enhanced returns through options trading.

According to ChainCatcher news, as per the official announcement, OKX has exclusively launched a new structured product called Seagull, which officially went live and opened for subscription on November 8, 2023, at 20:00 (UTC+8).Seagull is a non-principal protected trend-based investment product. Users can experience Seagull immediately by visiting the structured products under the earning mode in the finance section on the OKX web or app. Currently, users can choose to invest in BTC, ETH, or USDT to earn considerable returns in a trending market.It is reported that, in addition to Seagull, OKX has launched a variety of structured products such as Shark Fin and Dual Currency Win.

ChainCatcher message, multi-chain structured product protocol Thetanuts Finance officially announced that it is expected to launch Thetanuts Finance v3 upgrade in the fourth quarter of 2023. Thetanuts Finance will become a decentralized on-chain options protocol, allowing users to go long or short on on-chain options. The v3 architecture of Thetanuts Finance will utilize existing core vaults, AMM, and lending markets.According to the data platform RootData, Thetanuts Finance completed a $17 million financing round led by Polychain Capital and others in April this year.

ChainCatcher message, previously, Bitget launched the principal-guaranteed structured product "Snowball," with the last period's bullish USDT/BTC settlement APR reaching 14%. This product opens for subscription every Wednesday at 2:00 PM (UTC+8).The Snowball product combines the product form of traditional finance and has undergone comprehensive optimization and enhancement. It achieves advantages such as principal guarantee, sustainable compounded returns, and growth in returns.

ChainCatcher news, White Star Capital announced the launch of its new fund Structured Growth Capital Fund I and completed its initial fundraising, the specific amount has not been disclosed.The new fund is co-managed by general partners Hemal Fraser-Rawal and Bryan McLoughlin, and it combines credit and equity capabilities within a single fund as a hybrid investment strategy. This is an all-weather investment strategy that allows investors to benefit from income during periods of higher interest rates while maintaining investments for long-term capital appreciation.