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Transformative Shift: COTI Leads the Future of Privacy with Ethereum Layer 2 Adoption

million, to fuel the holistic development of its ecosystem. This initiative is designed to support projects and developers who are aligned with COTI's mission of enhancing privacy, security, and scalability within the Ethereum ecosystem. The Ecosystem Growth Fund represents a significant investment in the future of blockchain technology and underscores COTI's dedication to fostering innovation and growth within the industry. Advancing Privacy with Garbling Circuits Technology COTI's transition to Ethereum Layer 2 signifies a strategic shift towards scalable privacy solutions within the blockchain space. The adoption of Garbling Circuits technology enhances the speed, efficiency, and security of COTI V2, positioning the firm as a pioneer in privacy-focused initiatives. Garbling Circuits technology opens doors to a wide range of applications, including privacy-preserving wallets, decentralized exchanges (DEXs), private AI training, governance mechanisms, and more. Part

Bitcoin ETF Contenders Race to Clear Final Hurdle for Approval

Bitcoin ETF contenders are facing a crucial deadline today as they have the opportunity to file any last-minute changes to their applications. This step is seen as the final hurdle for approval, and it involves the inclusion of authorized participant agreements. The authorized participant plays a crucial role in the creation and redemption of shares in an ETF, allowing investors to cash out. After months of negotiations between asset fund managers and the SEC, this stage is anticipated to be the final part of the application process.

According to Reuters, the SEC set a deadline of December 29 for Bitcoin ETF contenders to submit any amendments to their applications. In recent weeks, top contenders such as BlackRock and ARK Invest, led by Cathie Wood, have filed various amendments. Two key details have emerged from these filings. Firstly, the SEC appears to be requiring that Bitcoin ETFs follow a cash model, meaning that new funds must be created with cash instead of Bitcoin. Secondly, the SEC is insisting on authorized participant agreements being in place.

Failure to include both of these provisions in the amendment by today may result in the exclusion of the applicant from the Bitcoin ETF race, as explained by Bloomberg Senior ETF analyst Eric Balchunas. In a post on X (formerly Twitter) on Friday, Balchunas mentioned that he expects some authorized participants to be named today, although it is more likely that this will occur just days before the launch of a Bitcoin ETF. Notably, ARK Invest and 21 Shares submitted an amendment yesterday that included mention of authorized participant agreements, but the authorized participant was not named.

Experts in the field anticipate the approval of a spot Bitcoin ETF in the new year. Bloomberg Intelligence analysts have stated that there is a 90% chance that a Bitcoin ETF will begin trading by January 10. An ETF is an investment vehicle that tracks the value of an underlying asset, such as gold, foreign currencies, or Bitcoin. In the case of a spot Bitcoin ETF, it allows individuals to gain exposure to the digital coin by purchasing shares that mirror its price.


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