4E: The stablecoin business model attracts attention, Ark increases its holdings in BitMine to布局 Ethereum assets
ChainCatcher news, according to 4E observations, the U.S. Securities and Exchange Commission (SEC) suddenly halted the "accelerated approval" of Bitwise's cryptocurrency index fund (BITW) conversion application on Tuesday, stating that it will conduct further review at the committee level. The fund includes mainstream assets such as BTC, ETH, XRP, SOL, and DOT, and is seen as a diversified cryptocurrency investment target. Analysts believe that the SEC's move may be related to its efforts to establish a unified standard for cryptocurrency ETF listings.Meanwhile, 21Shares submitted an S-1 application for the ONDO ETF to the SEC, reflecting the ongoing institutional interest in the on-chain asset yield sector.According to informed sources, the prediction market platform Polymarket is considering launching its own stablecoin to control the revenue generated from its current USDC reserves. Given its closed ecosystem and the absence of complex compliance deposit and withdrawal processes, this model is feasible both technically and regulatory-wise. Additionally, Polymarket plans to acquire the U.S. compliant exchange QCEX to re-enter the U.S. market.Another significant move comes from ARK Investment, where "Cathie Wood" has led her fund to subscribe to $182 million worth of shares in the Ethereum asset management company BitMine, which also announced that part of the funds will be used to purchase ETH, further investing in the Ethereum ecosystem.Furthermore, SpaceX issued an internal warning to investors, stating that Musk may return to U.S. politics or take on a key position again. This news is listed as a "risk factor" in the company's investment offering documents, marking the first time such wording has appeared.4E reminds investors that current macro and policy expectations are frequently disturbed, and attention should be paid to the evolution of stablecoin legislation, ETF approval trends, and potential changes in U.S. politics that could impact market sentiment.