Rothschild investment company increases holdings of GBTC and ETHE

Summary of hotspots:

1. Rothschild Investment Corporation increased its holdings of GBTC and ETHE;

2. Gray CEO: The US Bitcoin ETF will definitely be approved, but it is only a matter of time;

3. The U.S. President’s Financial Markets Working Group will issue recommendations on stablecoin regulation within a few months;

4. Polygon launched a new department Polygon Studios, focusing on blockchain games and NFT fields;

5. Musk and Mu sister will have live discussion on Bitcoin at The Word Bitcoin conference

Hot text:

1. Rothschild Investment Corporation increases its holdings of GBTC and ETHE

According to documents recently filed with the US Securities and Exchange Commission, Rothschild Investments has once again purchased 103,059 Grayscale Bitcoin Trusts (GBTC), which brings its total GBTC holdings to US$4.2 million. In addition, the company purchased 13,817 ETHEs, bringing its total ETHE holdings to 6.3 million U.S. dollars.

2. Gray CEO: The US Bitcoin ETF will definitely be approved, it’s just a matter of time

Grayscale CEO Michael Sonnenshein said that the US Bitcoin ETF will definitely be approved, but it is only a matter of time. Grayscale remains committed to converting Grayscale Bitcoin Trust (GBTC) into an ETF. In order for the market to become more mature, all regulatory agencies need to approve the creation of this product in the United States, and this will eventually happen. (U.Today)

3. The U.S. President’s Financial Markets Working Group will release recommendations on stablecoin regulation within a few months

US Treasury Secretary Yellen today convened the President’s Financial Markets Working Group (PWG), the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation to discuss stablecoins. At the meeting, participants discussed the rapid growth of stablecoins, the potential use of stablecoins as a means of payment, and potential risks to end users, financial systems, and national security. The U.S. Financial Markets Working Group also listened to an introduction from the Department of the Treasury on the preparation of the stablecoin report. The report will discuss the potential benefits and risks of stablecoins, the current regulatory framework in the United States, and suggestions for resolving regulatory gaps. The working group is expected to issue recommendations in the coming months.

4. Polygon launched a new department Polygon Studios, focusing on blockchain games and NFT fields

Polygon, the expansion plan for Ethereum, launched a new studio, Polygon Studios, to promote its blockchain games and NFT work. The newly established Polygon Studios has three core goals: 1. To establish Polygon as a leader in the field of decentralized games; 2. To create a brand that can attract developers and investors into its NFT ecosystem; 3. To help position Polygon It is the preferred platform for the transition to Web3.0. Through the Polygon Gaming Studio project, the company aims to help developers create and operate decentralized games. Another project, Polygon NFT Studio, aims to help brand and intellectual property owners launch customized digital collections and markets.

Rothschild investment company increases holdings of GBTC and ETHE

5. Musk and Mu sister will have live discussion on Bitcoin at The Word Bitcoin conference

Bitcoin Magazine tweeted that the organizers of The Word Bitcoin conference have confirmed that there will be a live discussion at the event. Participants include Tesla founder Elon Musk, Twitter and Square founder Jack Dorsey, and ARK Fund founder CathiedWood. Note that The ₿ Word, which will be held on July 21, is a project around Bitcoin. It aims to uncover the mystery and stigma in the mainstream Bitcoin narrative, explain why and how institutions accept Bitcoin, and Raise public awareness of Bitcoin.

Rothschild investment company increases holdings of GBTC and ETHE

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/rothschild-investment-company-increases-holdings-of-gbtc-and-ethe/
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