ChainCatcher news, financial technology giant Revolut's CEO Nikolay Storonsky has denied the idea of the company going public on the London Stock Exchange, calling it "irrational" compared to the U.S. market.Nikolay Storonsky criticized the UK's 0.5% stamp duty on stock trading and emphasized that limited liquidity is a major drawback for the company considering an IPO in London. Nikolay Storonsky stated, "The liquidity in the UK is poor, so it is much worse compared to the U.S., and also, due to the stamp duty, the costs are much higher. This is just unreasonable."He pointed out that unless the UK can provide a more competitive environment, the U.S. market remains a reasonable choice for Revolut's potential listing.

ChainCatcher news, according to CryptoSlate, BlackRock's iShares Bitcoin Trust (IBIT) has become the third highest fund in net inflows year-to-date among U.S. ETFs in 2024, attracting $26.174 billion.As of now, IBIT's year-to-date return is 48.52%, with assets under management reaching $30.1 billion, surpassing many traditional ETFs in both net inflows and performance. Furthermore, IBIT's year-to-date return is nearly twice that of the second highest return among the top ten funds by flow ranking. However, IBIT's total assets under management (AUM) are more than ten times smaller than those of the other top four funds.Just yesterday, on November 7, IBIT saw a net inflow of $1.1 billion in a single day, a figure that exceeds the annual inflow of all ETFs in the U.S. outside the top 150. This significant inflow surpasses the year-to-date total inflows of most of the approximately 3,300 ETFs in the U.S. market.

ChainCatcher news, most of the star tech stocks in the US stock market rose, with Intel (INTC.O) up over 5%, Nvidia (NVDA.O) up 3%, and AMD (AMD.O) and Micron Technology (MU.O) up over 1.5%. (Jinshi)

According to ChainCatcher news, as reported by Jinshi, the "seven giants" of the US stock market opened with a sharp decline: Apple fell by 9.6%, Microsoft by 4.8%, Nvidia by 14.3%, Google by 6.5%, Amazon by over 8%, and Tesla by more than 10.85%. By calculation, the total market value of the aforementioned seven tech companies decreased by $1.29 trillion, with Apple dropping $321 billion and Nvidia decreasing by $378 billion.

ChainCatcher news, crypto market maker QCP Capital released a report stating that two important pieces of news have emerged recently: Wisconsin purchased $100 million worth of BlackRock's BTC spot ETF, observing whether other national institutions or pension funds will follow suit; the second-largest asset management company in the U.S., Vanguard, appointed former BlackRock executive and crypto-friendly Salim Ramji as the new CEO, which may indicate that it will soon issue a Bitcoin ETF.At the same time, QCP Capital believes that CPI data will decline, which will be favorable for risk assets. They recommend that investors buy during market downturns and provide two accumulation options strategies: within the next 12 weeks, buy at $56,500 as long as the BTC price is below $70,000; within the next 20 weeks, buy at $56,000 as long as the BTC price is below $80,000.

ChainCatcher news, Reuters reported that Kaiko analyst Dessislava Aubert stated that due to regulatory requirements to suspend services, Binance US's market share in the U.S. has dropped from 22% in April to 0.9% on June 26; Coinbase's market share in the U.S. surged from 48.4% in June to 55%, as the exchange was designated as a partner by Fidelity and other asset management companies for applying for a spot Bitcoin ETF.Additionally, Bitcoin rebounded to a one-year high of $31,458 at the end of this quarter, but the overall spot trading volume in the second quarter fell to its lowest level since 2020. (source link)

ChainCatcher news, according to The Block, Binance.US's market share of trading volume has dropped to 4.35%, down from 16.05% in April. Meanwhile, Binance.US's current monthly trading volume is $1.69 billion, significantly lower than $17.63 billion in March. (source link)

According to ChainCatcher news, The Block reported that after being sued by the U.S. Securities and Exchange Commission (SEC), the market depth of the top 25 crypto assets on Binance.US plummeted by 78%. Crypto market data provider Kaiko stated that the reason for the depth decline may be the exit of market makers. (Source link)

ChainCatcher news, Polygon Labs stated on its social platform that the Polygon network is developed outside the United States, deployed outside the United States, and continues to focus on supporting the global community of the network. From day one, MATIC has been an important part of ensuring the security of the Polygon network. "Given our focus on network security, MATIC will not be available for the U.S. market."In addition, Polygon Labs announced that it will release an "exciting" technical announcement this week. (source link)

ChainCatcher news, Binance.US market data shows that the current trading price of Bitcoin on Binance.US has a premium of six to seven hundred dollars compared to markets like Binance and Coinbase, and Ethereum on Binance.US also has a continuous premium of several tens of dollars compared to other trading platforms. In this regard, there are currently rumors in the market that the premium in the BTC/USD price on Binance.US is due to market makers exiting in anticipation of regulatory actions. Previously, in February, Binance.US attracted the attention of the U.S. Securities and Exchange Commission (SEC) due to trading with affiliated companies. (source link)