BlackRock lowers physical Bitcoin subscription threshold to $1 million, IBIT cumulative conversion exceeds $5 billion

'Operation Lighthouse' went after child sex abuse materials, working with law enforcement to round up more than 14,000 investigative leads.

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[LayerZero to Launch Financial Institution-Focused Exchange ATLAS This Fall] According to The Information, LayerZero will launch the blockchain exchange ATLAS for financial institutions this fall. The platform is built on the Zero blockchain. ATLAS does not offer consumer-facing applications and serves as an underlying exchange for other trading platforms and financial institutions. Initially, the platform will support spot crypto token trading and perpetual futures trading, with plans to expand to prediction contracts, futures, and options in the future. Citadel Securities, Depository Trust & Clearing Corporation (DTCC), and Intercontinental Exchange (ICE) are exploring applications of the Zero blockchain.

OKX-BTC/USDT is currently trading at $78999.90, with a 5-minute decline of 0.06%. Please pay attention to market fluctuations.

According to Bloomberg, BlackRock has lowered the minimum trading size for investors to purchase ETF shares in physical Bitcoin from $25 million to $1 million. Robbie Mitchnick, head of digital assets at BlackRock, stated that its spot Bitcoin ETF IBIT has completed over $5 billion in such conversions. This mechanism allows investors to transfer Bitcoin into funds holding the same asset and exchange ETF shares through authorized participants or market makers. The minimum threshold for Bitwise to process such transactions has been lowered from $100 million to $3 million. Bloomberg reported that as US regulators allowed physical subscriptions last summer, the market infrastructure for the migration of cryptocurrency assets to ETFs is continuing to expand.