A new S-1 filed with the U.S. Securities and Exchange Commission (SEC) shows that WisdomTree has filed for an exchange-traded fund (ETF) based on Ethereum. The ETF plans to list on the Cboe BZX Exchange, the same market on which it plans to list shares of a proposed bitcoin ETF.

Binance CEO Changpeng “CZ” Zhao has said that he does not believe “anyone can shut it [bitcoin] down now, given that this technology, this concept, is in 500 million people’s heads.”

CipherTrace’s transaction tracking and wallet attribution software is set to start supporting Binance Smart Chain (BSC) data, which has a more or less decentralized base layer on it running decentralized finance (DeFi) applications.

Sponsored: Invictus Capital, the alternative investment firm offering a range of dollar-denominated backed blockchain-based investment funds, has so far offered investors unparalleled returns. In the last year the top-performing funds, Crypto20 and Crypto10 Hedged, have achieved an increase of 979% and 441% respectively, and the Invictus Margin Lending (IML) fund boasted an industry-leading performance of 20% APY.

Top stories in the Crypto Roundup today:

• WisdomTree Files for Ethereum ETF with the SEC
• Bitcoin Cannot be Shutdown, says Binance CEO CZ
• Binance Smart Chain Integrates CipherTrace to Track Money Laundering
• Sponsored: Learn More About Invictus Capital's $10,000 Giveaway

WisdomTree Files for Ethereum ETF with the SEC

A new S-1 filed with the U.S. Securities and Exchange Commission (SEC) shows that WisdomTree has filed for an exchange-traded fund (ETF) based on Ethereum. The ETF plans to list on the Cboe BZX Exchange, the same market on which it plans to list shares of a proposed bitcoin ETF.

The WisdomTree Ethereum Trust hasn’t settled on a ticker yet, or a custodian, and has the Delaware Trust Company as its proposed trustee. The proposal will be updated as it goes forward. If approved, it would allow investors to gain exposure to the price of ETH without holding the cryptocurrency.

WisdomTree is the second organization to apply for an Ethereum ETF after VanEck, which submitted its application earlier this month. Both entities plan to list the funds on the Cboe exchange.

The SEC, it’s worth noting, is yet to approve any cryptocurrency ETF, with many bitcoin ETFs being rejected over the last few years. Multiple cryptocurrency ETFs are, however, already trading in Canada.

Bitcoin Cannot be Shutdown, says Binance CEO Changpeng “CZ” Zhao

Binance CEO Changpeng “CZ” Zhao has said that he does not believe “anyone can shut it [bitcoin] down now, given that this technology, this concept, is in 500 million people’s heads.”

Per his words, fighting off bitcoin and other cryptocurrencies at this point would be similar to refusing to accept Amazon’s internet business model when the e-commerce giant started in the early 1990s.

Zhao added cryptocurrencies aren’t here to destroy traditional finance or government-backed fiat currencies, but instead to provide more “freedom of money.” To him, they are “just a new tool that can increase the freedom of money all around the world.”

The CEO added he does not see a competition with regulators when there is “a way for us to work together.” Zhao said he is “not smart enough to predict what’s gonna happen, which one’s gonna be hot, which one users [are] gonna adopt,” Binance, he said, is organized to “just have lots of experiments.”

Binance Smart Chain Integrates CipherTrace to Track Money Laundering

CipherTrace’s transaction tracking and wallet attribution software is set to start supporting Binance Smart Chain (BSC) data, which has a decentralized base layer on it running decentralized finance (DeFi) applications.

CipherTrace has had Binance itself as a client for some time, and the move could appease regulators regarding the experimental DeFi space, an area that the global anti-money laundering watchdog, the Financial Action Task Force (FATF), has said is under its radar.

The announcement comes after hacks and exploits on the BSC saw a growing movement calling for rollbacks on the blockchain. Binance has said that these rollbacks aren’t possible, as no one controls the network. Binance spokesperson Simran Alphonso said:

“We cannot do any rollbacks because we do not have any sort of authority over the chain. We do have the ability to provide tools to monitor exploitations, hacks and scams.”

CipherTrace works closely with global regulators in areas like anti-money laundering.

Compound Revenue and Emissions

Compound has generated $0.1305 in revenue per dollar issued on their own token over the past six months. That ratio has remained mostly stable over time, outside of a notable spike in early May caused by a sharp decline in emissions and a rise in the value of $COMP.

Learn More About Invictus Capital's $10,000 Giveaway

Invictus Capital, the alternative investment firm offering a range of dollar-denominated backed blockchain-based investment funds, has so far offered investors unparalleled returns. In the last year the top-performing funds, Crypto20 and Crypto10 Hedged, have achieved an increase of 979% and 441% respectively, and the Invictus Margin Lending (IML) fund boasted an industry-leading performance of 20% APY.

The total assets under management (AUM) of funds managed by the company's team of veteran investment professionals peaked at $112 million in February, and ended the quarter at just over $100 million — a 50% growth over the quarter. The InvictusCapital.com token (ICAP), which allows loyal investors the chance to share in Invictus Capital’s success, has appreciated over 400% since its launch in Q1 this year. 

As part of the company’s broader plan to become a global leader in alternative asset investing, Invictus has integrated Binance Smart Chain based assets for fund investments. This integration solves the pain of high fees associated with using Ethereum and Bitcoin.

To celebrate the newly launched Binance Smart Chain (BSC) feature, a $10,000 giveaway will be distributed randomly to ten lucky users. 

The promotion starts on 30 April 2021 and ends on 31 May 2021 at 11:59 GMT and it’s not available to U.S. residents. Read more about the promotion rules here.

Disclaimer:

Cryptocurrency trading involves high risk, and is not suitable for all investors. Before deciding to trade cryptocurrencies, tokens or any other digital asset you should carefully consider your investment objectives, level of experience, and risk appetite.

Its content does not constitute financial advice. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice.

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