Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

BlackRock and Nasdaq Meet with SEC: Crucial Step for Bitcoin ETF Approval

BlackRock and Nasdaq met with the SEC's Division of Trading and Markets to discuss BlackRock's bid to launch a spot Bitcoin ETF. The meeting included key personnel from both BlackRock and Nasdaq, as well as Associate Directors from the SEC's Division of Trading and Markets.

The discussion centered around Nasdaq's proposed rule change to list and trade shares of the iShares Bitcoin Trust under NASDAQ Rule 5711(d). This rule provides guidelines for the listing of Commodity Based Trust Shares, including compliance requirements.

This meeting follows BlackRock's recent amendment to its S-1 application, in which the proposed iShares Bitcoin Trust gained a new ticker, IBIT, and switched to a cash only ETF. This means that new shares of the fund can only be created with cash, not Bitcoin.

It's worth noting that this is not the first meeting between BlackRock and the SEC regarding its Bitcoin ETF application. In November, the asset manager met with the regulator to discuss a proposed rule change that would make it easier for Wall Street Banks to participate in the ETF by shifting risk to crypto market makers.

BlackRock's initial filing for a spot Bitcoin ETF in June had a significant impact on the crypto industry, reinvigorating hopes that such a financial instrument would finally be approved by the SEC. The regulator had previously rejected every single Bitcoin ETF application it received.

With a January 2024 deadline approaching, the discussions between BlackRock, Nasdaq, and the SEC are crucial in determining the fate of the proposed Bitcoin ETF. Investors and market participants eagerly await the SEC's decision, as the approval of a Bitcoin ETF could have far-reaching implications for the cryptocurrency market.

Email Post

Comments

Post a Comment

Trending Stories