Daily Report ｜LPL Financial plans to complete the evaluation of the Bitcoin spot ETF within three months; Sun Yuchen claims to destroy 20 million HT, and after the operation, the circulating total of HT will be reduced to 134 million
FTX plans to sell its 8% stake in Anthropic, valued at approximately $1.4 billion; the total number of accounts on the Arbitrum chain has surpassed 14 million, with active accounts accounting for 96%.Organizer: Luan Peng, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. LPL Financial Plans to Complete Bitcoin Spot ETF Evaluation in Three Months
According to ChainCatcher and Bloomberg, LPL Financial, the largest independent advisory service platform in the U.S., is currently reviewing the recently approved Bitcoin spot ETF. The platform manages trillions of dollars in assets. LPL stated that it needs three months to evaluate the new spot ETF. Rob Pettman, head of wealth management solutions at LPL Financial, said, "We just want to see how they perform in the market. After the three-month evaluation, the platform will decide which funds to offer or whether they need more time to assess the ETF."
Currently, financial advisors using LPL can purchase Grayscale's GBTC for their clients, as this trust has been available for purchase on the LPL platform before converting to an ETF. Nine other funds, including BlackRock's IBIT and Fidelity's FBTC, are under evaluation. (Source link)
2. FTX Plans to Sell 8% Stake in Anthropic, Valued at Approximately $1.4 Billion
According to ChainCatcher and The Block, FTX has submitted a motion seeking to sell the Series B preferred shares of Anthropic held by its sister company Alameda Research, valued at approximately $1.4 billion.
FTX's former CEO SBF invested $500 million in Anthropic in October 2021. FTX also submitted a separate motion requesting the court to shorten the review period for the sale motion so that it can be heard at the next bankruptcy court hearing on February 22. The deadline for objections to the motion is February 15. (Source link)
3. Justin Sun Announces Plan to Burn 20 Million HT, Reducing Circulating Supply to 134 Million
According to ChainCatcher, Justin Sun announced on the X platform that he will burn 20 million HT, valued at $60 million, which were obtained through user exchanges. It is reported that after the burn operation is completed, the circulating supply of HT will be reduced to 134 million. (Source link)
4. Total Number of Accounts on Arbitrum Exceeds 14 Million, with 96% Active Accounts
According to ChainCatcher and Dune data, the total number of accounts created on the Ethereum Layer 2 network Arbitrum is 14.054 million, with approximately 13.53 million active accounts, accounting for about 96.2%. Additionally, the total number of transactions on Arbitrum has reached approximately 515 million, with over 4.233 million contracts created on-chain. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
1. 《 In-Depth Analysis of Popular Innovation Frames on the Farcaster Protocol 》
Why are Frames the Next Big Hit?
Farcaster is actively innovating, providing new possibilities for social interaction in the web3 space. Farcaster is a revolutionary social protocol built on Ethereum and Optimism, giving users unparalleled control over their data while fostering a vibrant ecosystem of interconnected applications and experiences.
2. 《 MIIX Capital: $PYTH Project Research Analysis Report 》
Pyth Network is developed by Douro Labs as a next-generation price oracle solution aimed at providing valuable on-chain financial market data to projects, protocols, and the public through blockchain technology, including cryptocurrencies, stocks, forex, and commodities. Pyth Network collects first-hand data from over 90 trusted data providers, including well-known exchanges, market makers, and financial institutions, for use by smart contracts and other on-chain or off-chain applications.
The flourishing Bitcoin public chain ecosystem may be the most mainstream narrative in the crypto space in 2024, with Bitcoin cross-chain transactions being one of the hottest sectors, accompanied by news of significant financing.
On January 30, it was reported that the decentralized exchange (DEX) Portal, based on Bitcoin, raised $34 million in a seed funding round, with participation from Coinbase Ventures, OKX Ventures, Arrington Capital, and Gate.io Ventures. The funds will be used for the development of Portal. Portal is a cross-chain atomic swap protocol that provides decentralized trading and wallet services. Portal plans to launch its product on the mainnet and expand its ecosystem to reduce custodial risks.
In fact, as early as September 2021, Portal completed $8.5 million in financing, with investors including Coinbase Ventures, OKEx Blockdream Ventures, and Tether co-founder Craic Sellars, among others, making for a luxurious lineup. Notably, its founding team has laid out plans for the Bitcoin on-chain ecosystem early on, demonstrating long-term vision, which is undoubtedly influenced by the unique experiences of its founders. Eric Martindale, co-founder and CEO of Portal, has been working in Bitcoin for 10 years, serving as the open-source lead at Blockstream, engineering lead at BitPay, advisor at Lemniscap, and is also the inventor of Fabric.
