Clayton has frequently promoted Bitcoin (BTC) as a store of value during his time as chairman of the SEC. Jay discussed Bitcoin and how it should be controlled in the future during his appearance with CNBC's Squawk Box broadcast on Wednesday.
Valkyrie Launches Innovative Balance Sheet ETF
Valkyrie Funds launched its exchange-traded fund (ETF) yesterday, which tracks public companies that keep Bitcoin on their balance sheets. The new ETF aims to provide investors with exposure to Bitcoin by retaining firms that invest, trade or hold Bitcoin on their balance sheets, directly or indirectly. This includes companies such as MicroStrategy, Block (formerly Square), Tesla, Coinbase and PayPal, among others.
ECB and Bank of England Grapple with Inflation
The monetary policy committee of the Bank of England (MPC) decided to raise the bank rate to 0.25% on Thursday in order to reduce inflation, according to the minutes of the committee. The committee voted eight to one in favor of a rate hike. ECB's interest rates have not changed. Similar to the Fed's policy, ECB plans to reduce net asset purchases before raising rates. Eurozone inflation is expected to remain high next year but falls over the year, reflecting the UK and the US outlook.
CME Ethereum Open Interest Hits 10% Of Future Market Milestone
The growth rate of CME's Ether futures has reached a new record high, pushing it into the forefront of futures trading. For the first time, the total open interest on CME has surged above $1 billion amid growing popularity for ether futures trading, making it an important trading platform for Ethereum futures.
Central Bank of Russia Plans to Ban Bitcoin
According to a report published by Reuters on Thursday, the Central Bank of Russia is trying to ban citizens from investing in Bitcoin and cryptocurrency due to concerns that the activity will pose a risk to the country's financial stability.
$800,000 Worth of Ethereum Are Burned Every Hour
According to the data available now, about $800,000 worth of burn is taking place every hour in Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Ethereum burns began after the network's London hard fork release on August 5.
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