• Language & Exchange Rate Switch
  • Preference Settings
    Rise/fall colour
    Start-End Time of the Change
Web3 Exchange
Gate Blog

Your Gateway to crypto news and insights

Gate.io Blog Daily Flash | SEC approves Bitcoin futures fund ETF;25000 Bitcoins were liquidated after the Fed Reserve raised interest rates

Daily Flash | SEC approves Bitcoin futures fund ETF;25000 Bitcoins were liquidated after the Fed Reserve raised interest rates

06 May 12:29



Today's Topic - SEC approves Bitcoin futures fund ETF

On May 6, the Securities and Exchange Commission (SEC) approved ValkyrieXBTO Bitcoin futures fund ETF.

Will the SEC approve the Bitcoin spot ETF as well?



Today's Chart - After the announcement of interest rate hike, the market added 26,500 open interests of Bitcoin


Glassnode tweeted that after the Federal Reserve announced interest rate hike yesterday, the market added open interests worth over 26,500 Bitcoin.

However, in today's sell-off, almost all open interests (approximately 25000 Bitcoin) were liquidated.



Today's Influencer - Musk encountered an antitrust investigation

On May 6, according to Bloomberg, Musk encountered an antitrust investigation by the Federal Trade Commission (FTC) into the acquisition of Twitter and an investigation of delayed disclosure of changes in shareholding

Will Musk ride out the investigations?



Hot events yesterday - #South Korea allows IC0, #Vitalik Buterin #ENS the most successful


Gucci became the first luxury brand to accept cryptocurrency payment





South Korea's new government will allow IC0 to be issued





California issued an executive order on cryptocurrency and announced the blockchain roadmap




Vitalik Buterin: ENS is by far the most successful non-financial Ethereum application




TIME magazine publishers have submitted trademark applications for NFT and metaverse



Author: Gate.io Researcher: Byron B. Translator: Joy Z.
* This article represents only the views of the researcher and does not constitute any investment advice.
*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.
ETH/USDT + 2.34%
DOGE/USDT + 21.63%
BTC/USDT + 3.28%
ENS/USDT + 2.23%
Unbox Your Luck and Get a $6666 Prize
Register Now
Claim 20 Points now
New User Exclusive: complete 2 steps to claim Points immediately!

🔑 Register an account with Gate.io

👨‍💼 Complete KYC within 24 hours

🎁 Claim Points Rewards

Claim now
Language and Region
Exchange Rate
Go to Gate.TR?
Gate.TR is online now.
You can click and go to Gate.TR or stay at Gate.io.