US Fidelity to apply for physical Bitcoin ETF Sui Foundation denies selling staking rewards | Summary of important breaking news on the morning of the 28th

Summary of important breaking news on the morning of the 28th

This is a summary of notable news related to virtual currency until the morning of Japan time.

Preparing to apply for Fidelity Bitcoin ETF (Attention: ★★★★☆)

US financial giant Fidelity is reportedly in the process of applying for a physical Bitcoin ETF.

The company tried to apply again in 2021, but it was rejected by the SEC. This time, like BlackRock and WisdomTree, it is highly likely that structures will be introduced that address the “lack of oversight sharing agreements with regulated markets related to physical Bitcoins” that the SEC has pointed out.

connection: Bitcoin spot ETF, 3 new companies apply, re-challenge in response to SEC concerns

connection: What is an exchange traded trust “Bitcoin ETF”? | Why the application of BlackRock attracts attention

Sui Foundation Denies Token Sale (Attention: ★★★★☆)

The Sui Foundation, the development affiliate of the Sui blockchain, has denied that it is selling the staking rewards of locked SUI tokens on Binance.

The purpose of this communication is to share information regarding the tokenomics of the Sui Network including the SUI token supply and certain distributions of SUI tokens.

—Sui Foundation (@SuiFoundation) June 27, 2023

It all started with users pointing out that the foundation sent 625,000 SUI tokens for staking rewards to Binance on May 31, despite the lack of a token release schedule. In a statement on the 28th, the Sui Foundation stated that it “does not sell staking rewards or other tokens from locked and non-circulating staked SUI on Binance or otherwise,” Certain transactions were payments that were subject to contractual lockups.”

connection: Gree Partners with Mysten Labs, Plans to Join Sui as Validator and Develop Web3 Games

Prime Trust Bankruptcy (Attention: ★★★★☆)

The Nevada State Department of Financial Institutions has filed with the court to become the trustee of Prime Trust, a cryptocurrency custody company that is said to have recently suffered financial difficulties. It appears to have actually gone bankrupt.

Prime Trust has run out of money to repay customers and has lost access to some wallets, according to Nevada Department of Financial Institutions filings. Specifically, it has more than $85 million in cash owed to its customers, but only about $3 million in cash remains and $69 million worth of cryptocurrency to pay to its customers. Current inventory is said to be about $68 million.

TrueUSD, the issuer of the stablecoin TUSD, used Prime Trust but recently issued a statement that it had no exposure. However, there seems to be growing concern that the Prime Trust is involved in custody of the TUSD backing assets recently issued by Binance.

connection: Suspension order to US custody company Prime Trust Unable to handle withdrawals

HKVAC Cryptocurrency Index Announced by Hong Kong Cryptocurrency Consortium (Attention: ★★★☆☆)

HKVAC, a private organization that promotes Hong Kong’s cryptocurrency market, has released an index for cryptocurrency exchanges to reference. Wu Blockchain reported on the 27th.

Indices include BTC, ETH, stablecoins as well as WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB , TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS.

Hong Kong rating agency HKVAC announced its virtual asset index, in addition to BTC ETH stablecoins, including WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT , WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS.…

— Wu Blockchain (@WuBlockchain) June 27, 2023

Hong Kong’s Monetary Authority requires retail investors to be able to trade stocks that are in at least two indices.

Azuki “Elementals” mint sold $38 million (Attention: ★★★☆☆)

Azuki from the NFT collection has reportedly sold $38 million for mints in his new collection “Elementals”.

“Elementals” is Azuki’s expanded collection, unveiled at last week’s event in Las Vegas, comprising 20,000 pieces. Mint price 2 he ETH, sold out in Azuki and Beanz holders priority sale before public sale. The current floor price is 1.65 ETH, below the sale price.

Azuki Elementals have sold out in the presale with the entire allocation going to the Azuki and BEANZ community.

Trading and reveal will open shortly. pic.twitter.com/CVk3kRIqU6

— Azuki (@Azuki) June 27, 2023

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