BlackRock has converted $2 billion worth of spot Bitcoin into ETF shares over the past 10 months

Bloomberg ETF analyst @ JSeyff revealed that despite BlackRock executives preparing to launch a Bitcoin ETF, Larry Fink still had doubts about Bitcoin. Due to internal board discussions and events such as the FTX crash, the project was almost halted multiple times. Currently, BlackRock operates the world's largest spot Bitcoin ETF.

Bank of New York Mellon and Citadel Securities completed a three-way repo transaction using token US treasury bond bonds, which is the first time that token assets are used in major three-way repo platforms. Citadel Securities purchased two-year US treasury bond through Bank of New York Mellon on the Tradeweb platform. The token representation of the treasury bond was recorded on the private digital ledger of Bank of New York Mellon, and the settlement was completed within minutes. Castle Securities will use the asset as collateral for overnight third-party repurchase financing, with cash provided by Bank of New York Mellon. Bank of New York Mellon plans to launch more digital cash and tokenized deposit functions, and expects to extend the operation of traditional settlement platforms to European and Asian trading hours next year. (Source: Bank of New York Mellon)

The French Finance Committee has passed a bill requiring mandatory disclosure of self managed Bitcoin wallets holding assets exceeding 100000 euros starting from December this year. （The Bitcoin Historian）

Citadel Securities and BNY completed the first token based US treasury bond bond transaction based on blockchain. （Watcher.Guru）

Boston Fed President Collins said that interest rates may need to be raised before the end of this year to curb inflation, and policy decisions depend on future economic data. Collins predicts that the US economy will continue to grow, the labor market will remain close to full employment, and inflation will gradually fall back to 2%. Collins also pointed out that the demand for AI may drive an investment boom, leading to an overheated labor market. The ongoing pressure of tariffs and energy prices also poses challenges in the context of the Iran War, and it is necessary to observe whether high inflation spreads. (Source: Jin Shi)