5h ago
📢 Today’s Top Crypto Headlines:
🇺🇸🇭🇰 Expansion of Spot Crypto ETFs
• SEC now allows ETF issuers to file S-1 registrations without delayed amendments, activating 20 days post-filing
• New ETFs launching this week:
• Bitwise Solana Staking ETF
• Canary Litecoin ETF
• Canary HBAR ETF (Tuesday)
• Grayscale Solana Trust ETF (Wednesday)
• Hong Kong: ChinaAMC Solana ETF debuted Oct 27, trading HK$11.39 M first day
• Management fee: 0.99% | Currencies: HKD, RMB, USD | No staking support
🏦 MicroStrategy Earns S&P Credit Rating
• S&P Global assigns B- (“junk”) rating to MicroStrategy, citing BTC exposure and low liquidity
• Marks the first-ever credit rating for a Bitcoin-focused firm
• Could attract institutional investors seeking rated instruments; potential upgrades may expand access
💰 ETHZilla Share Buyback Strategy
• ETHZilla (ETHZ) sold $40 M ETH, using $12 M for share repurchases (~600 K shares)
• Part of a $250 M buyback program to close its market-value gap vs NAV
• Shares surged +14% post-announcement, signaling investor confidence
•May set a new model for DAT firms addressing valuation inefficiencies
🌐 Citi × Coinbase Institutional Partnership
• Citibank partners with Coinbase to improve crypto-fiat conversion and cross-border settlement for institutions
• Upcoming launch: on-chain stablecoin payments with programmable, conditional features
• Aimed at bridging traditional finance ↔ crypto through efficient, compliant infrastructure
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