The Block
Quick Take Fold filed the S-4 filing with the U.S. SEC in part of its IPO plan through a merger with Nasdaq-listed firm FTAC Emerald Acquisition Corp. FLD will be the firm’s ticker symbol on the Nasdaq, according to the filing. Fold said it will continue to add bitcoin to its treasury.
Quick Take The U.S. Securities and Exchange Commission approved the Grayscale Bitcoin Mini Trust on Friday. The trust still needs its S-1 registration statement to go effective before trading.
Quick Take Ryan Salame “was mauled by a German Shepherd while visiting a friend’s home” on June 29, his lawyer said in a letter filed on Friday. Salame, previously the co-CEO of FTX Digital Markets, was sentenced to seven and a half years in prison after pleading guilty to criminal charges last year.
Quick Take Péter Szilágyi argues that the PeerDAS upgrade would hinder home stakers, typically those with simpler computing set ups, to participate in the Ethereum network.
Kamala Harris’ team wants to take a position on crypto, source says, as outreach to the industry forges onBitcoin breaks above $67,000 ahead of Trump’s upcoming keynote speechThere won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick saysThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take One in five Americans own crypto, according to a preview of Gemini’s 2024 State of Crypto survey. The full survey will be released in September. Gemini also found that 38% of Americans who do not own crypto say concerns surrounding how laws apply to the industry have discouraged them from getting involved.
As Kamala Harris becomes the presumptive Democratic nominee, the crypto industry is searching for indicators that could reveal how her potential presidency might impact bitcoin and the wider cryptocurrency sector.
Jersey City Mayor Steven Fulop told The Block the municipal pension fund is investing in bitcoin ETFs as an “inflation hedge.”Fulop, a gubernatorial candidate, is not alone as a politician in leaning into bitcoin to counter the rising cost of living.The mayor of the Garden State’s second-largest city said that extensive conversations would have to happen before the city invested in Ethereum ETFs or bitcoin outright.
Every summer in the crypto world seems to have a unique theme: ICOs, DeFi, NFT, and now, much to some people’s dismay, it’s memecoin summer.This column is adapted from The Scoop newsletter.
The State of Michigan Retirement System revealed that it owns 110,000 shares of the ARK 21Shares Bitcoin ETF worth around $6.6 million as of June 30.The Michigan pension agency follows the State of Wisconsin Investment Board and Jersey City in adding spot bitcoin ETF shares as a pension fund investment.
