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Daily News Summary 9/7

July 9, 2024 Tóth Balázs
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Dubai Launches New Blockchain Platform

The Dubai Customs Authority is launching a new blockchain platform to eliminate supply chain frictions within and beyond Dubai’s borders. This solution is part of Dubai’s “smart” city development and implementation plan, reflecting their vision of making Dubai a global hub for trade and logistics.

Second Spot BTC ETF Launches in Australia

DigitalX, a wealth manager focused on digital assets, has received regulatory approval to launch a spot Bitcoin exchange-traded fund (ETF) in Australia, making it the second Bitcoin ETF traded on the Australian Securities Exchange (ASX). The product will be introduced on July 12 under the ticker BTXX.

Ethereum ETF on the Horizon

In the United States, asset managers involved in spot Ethereum applications, such as VanEck, 21Shares, BlackRock, Fidelity, Franklin Templeton, and Grayscale, have started submitting amendments to the SEC. The new S-1 registration statements mainly include minor changes related to custody arrangements. Trading is expected to begin around July 15.

New zkVM Layer-2 on Bitcoin

ZKM, a sister company of Ethereum layer-2 Metis, plans to introduce a new layer-2 solution for Bitcoin. The GOAT Network will utilize zero-knowledge technology and, according to the team, will be the first to launch with a decentralized sequencer and a shared ownership model. Network node operators will earn yields from gas fees and mining rewards in the form of the network’s native GOAT token. The testnet is scheduled to launch this month.

Zodia Custody and Maple Finance Partner

Zodia Custody, an institutional crypto custodian backed by Standard Chartered, has announced a partnership with the lending platform Maple Finance. Under the agreement, Maple Finance will use Zodia Custody as its preferred custodian for global lending agreements. The integration is expected to take effect in the near future.
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