Crypto asset management company (AMC) Hashdex has entered the race for a Bitcoin exchange-traded fund (ETF) spot in the US. In this regard, Hashdex has also has submitted an application to the US Securities and Exchange Commission (SEC) for a Bitcoin futures ETF that will contain spot Bitcoin.
Investment funds known as ETFs trade on the stock market and draw their value from a base portfolio of securities, including stocks, bonds, commodities, and other financial instruments. Bitcoin ETFs follow the value of BTC and trade on conventional stock exchanges rather than cryptocurrency exchanges.
Incidentally, Hashdex will not rely on the Coinbase surveillance sharing arrangement, in contrast to recent filings, and will instead purchase spot Bitcoin through physical exchanges on the CME market.
Hashdex aims to include spot Bitcoin in its Bitcoin futures ETF and change the name, altering its ticker to Hashdex Bitcoin ETF, according to a 19b-4 filing by NYSE Arca with the SEC.
Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal
Three former Rogue Pepecoin team members, now turned renegade, have been implicated in the inexplicable $16 million withdrawal from the multisig wallet of the Pepecoin (PEPE) project.
On August 24, 2023, the PEPE community saw that $16 million worth of PEPE had been taken out of the Pepe multisig wallet and sent to numerous exchanges, which caused the price of PEPE to drop by almost 15 per cent amid concerns of a possible rug-pull.
One of the anonymous founding members of Pepecoin clarified the situation in a post on X (Twitter) on August 25, 2023 and gave a notice from the @pepecoineth account outlining what they believe had happened.
Three team members allegedly abruptly took money from the multisig before entirely abandoning the project and handing full authority over to the lone survivor, according to the statement.
New Evidence Emerges In $1.5 Billion Multichain Exploit
New evidence has now emerged in the $1.5 billion Chinese cross-chain technology Multichain exploit.
Evidence now suggests to the possibility that Multichain funds were taken in connection with a larger Chinese government crackdown on cryptocurrencies as part of an anti-money laundering effort. Adding to the mystery is an alleged phoney ID that the CEO of the protocol, who is known only as “Zhaojun He”, allegedly used to register Multichain’s operations.
Earlier on May 21, 2023, authorities in China had detained “Zhaojun He”. The core crew of Multichain, which was based in Shanghai, was also detained. However, neither the reason for detention nor the charges for the same were ever made public.