This Week's Noteworthy Events(2024.1.2-2024.1.7)

ETF Expert: Bitcoin Spot ETF May Be Approved at Any Time After January 2nd

ETF expert Nate Geraci wrote on X platform, stating that discussions with Valkyrie Funds co-founder Steven McClurg have progressed significantly with the SEC regarding the structural concerns of a Bitcoin spot ETF. According to McClurg, they have engaged in extensive and detailed discussions, and they are “very close” to reaching an agreement. The expectation is that the Bitcoin spot ETF will create new fund shares in cash.

Furthermore, Geraci mentioned that the preparations related to ETF listing and backend infrastructure have been completed. He emphasized that the US SEC could approve the Bitcoin spot ETF at any time after January 2nd.

ETHGlobal Releases 2024 Hackathon Schedule, LFGHO to Commence on January 12th

ETHGlobal has officially announced its 2024 schedule, revealing plans to host 20 hackathon events, including LFGHO (January 12th - January 24th), Circuit Breaker (February 2nd - 21st), Pragma Denver (February 28th), Pragma London (March 14th), ETHGlobal London (March 15th - 17th), Scaling Ethereum 2024 (April 5th - 26th), Pragma Sydney (May 2nd), ETHGlobal Sydney (May 3rd - 5th), Pragma Brussels (July 11th), ETHGlobal Brussels (July 12th - 14th), ETHOnline 2024 (August 23rd - September 13th), ETHGlobal Singapore (September 20th - 22nd), Pragma San Francisco (October 15th - 17th), ETHGlobal San Francisco (October 18th - 20th), ETHGlobal Devcon 2024 (Tentatively November), and five additional events.

Bloomberg Analyst: BlackRock Plans to Inject $10 Million Seed Funding into its Bitcoin Spot ETF on January 3rd

Bloomberg analyst Eric Balchunas mentioned on X platform that BlackRock is expected to inject $10 million in seed funding for its Bitcoin spot ETF (ticker: IBIT) on January 3rd. This amount significantly exceeds their previous raise of $100,000 back in October.

Bloomberg analyst James Seyffart believes that while the injection of seed funding does not guarantee an immediate ETF launch, it might imply that the launch could happen shortly thereafter.

Web3 Game Gas Hero to Officially Launch on January 3rd

Gas Hero project leader Johnny announced that their game will officially launch at 11:00 AM Beijing time on January 3rd, 2024. Gas Hero is a Web3 game developed by the STEPN development team at Find Satoshi Lab.

Coinbase to Halt Trading for ATA, DREP, MONA, and SYLO

Coinbase has announced that it will temporarily halt trading for ATA, DREP, MONA, and SYLO around 2:00 PM Eastern Time on January 4, 2024. The platform has converted the order books for ATA, DREP, MONA, and SYLO to limit-only mode, allowing limit orders to be placed and canceled, potentially undergoing matching.

Cross-Chain Protocol ShuttleFlow Announces Shutdown; Website and DApp to Close Completely on January 6th

Conflux Network has announced the closure of the cross-chain protocol ShuttleFlow on November 8. Asset bridging operations will transition to Zero Gravity.

All user funds are secure. Users who previously bridged assets using ShuttleFlow and successfully claimed these assets on the target chain do not need to take any further migration actions. It is recommended that users who have completed asset bridging but have not yet claimed the assets on the target chain do so promptly. After the shutdown of ShuttleFlow's bridging service, Zero Gravity will offer limited functionalities to assist users in claiming unclaimed assets on the target chain. Users can find any unclaimed assets on ShuttleFlow's historical page.

The limited functionalities of the ShuttleFlow website and DApp will continue until January 6, 2024, at 22:00 (GMT+8). The ShuttleFlow website and DApp will completely close on January 6, 2024, at 22:00 (GMT+8).