Bitpush Editor's Daily Selected Web3 News:
【FHFA Director: Ordered Fannie Mae and Freddie Mac to Prepare for Incorporating Cryptocurrencies into Mortgage Assets】
On Wednesday local time, Federal Housing Finance Agency (FHFA) Director Pulte posted on social media: "After in-depth research and following President Trump's vision of making the US the 'crypto capital', today I ordered Fannie Mae and Freddie Mac to prepare to list cryptocurrencies as recognized assets in mortgage loan applications." This directive marks a potential major shift in the US government's support for corporate asset review standards in assessing mortgage loan qualifications, while also aligning with the Trump administration's established goal of promoting cryptocurrency adoption in the US.
【SharpLink Gaming Purchases Additional 5,989 ETH, Cumulative Holdings Reach 194,000】
According to @EmberCN monitoring, Nasdaq-listed SharpLink Gaming (stock code: SBET) purchased an additional 5,989 ETH through Galaxy Digital in the past day, with a transaction amount of approximately $14.47 million.
The company has currently invested approximately $507 million to purchase and hold 194,000 ETH, with an average cost basis of around $2,611 per ETH, currently experiencing an overall unrealized loss of about $36 million.
【Invesco and Galaxy Submit Solana ETF S-1 Registration Statement to US SEC】
Investment management company Invesco Ltd and crypto-focused company Galaxy Digital LP have joined the Solana ETF competition. The subsidiaries of both companies submitted a registration statement to the US Securities and Exchange Commission on Wednesday, applying for the "Invesco Galaxy Solana ETF". The statement indicates that if approved, the fund will trade on the Cboe BZX exchange with the ticker "QSOL".
Invesco Capital Management LLC will serve as the sponsor, Bank of New York Mellon will manage the fund, and Galaxy will be responsible for token acquisition. The statement also notes that Coinbase Custody Trust Company, LLC will serve as the custodian for SOL.
【US SEC Commissioner Hester Peirce: Crypto ETF In-Kind Redemptions "Imminent"】
US Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that in-kind redemptions for cryptocurrency exchange-traded funds (ETFs) may be imminent.
At a panel discussion at the Bitcoin Policy Institute on Wednesday, Commissioner Peirce was asked about the SEC's potential approval of in-kind creation and redemption. She responded: "These (applications) are going through the process... so I think this is definitely 'imminent' at some point. I can't predict, but we've heard a lot of interest."
Multiple companies, including BlackRock, have been requesting the SEC for months to allow Bitcoin ETFs to conduct in-kind creation and redemption, rather than mandatory cash mode. Nasdaq submitted a Form 19b-4 on behalf of BlackRock in January seeking this change, with other companies following suit.
Companies had been discussing the redemption process technical details long before the SEC approved spot Bitcoin ETFs a year ago. At the time, the SEC preferred the cash mode, requiring BlackRock and other companies to remove Bitcoin from storage, immediately sell, and return cash to investors. Bloomberg ETF analyst James Seyffart previously stated in January that allowing in-kind redemption mechanisms would make fund trading more efficient.
【Fintech Company SoFi to Resume Crypto Trading Services and Launch Blockchain-Based Global Remittance Business】
Fintech company SoFi announced that it will launch new global remittance services and cryptocurrency investments later this year. According to the announcement, SoFi members will be able to buy, sell, and hold various cryptocurrencies like Bitcoin and ETH later this year. The company ultimately plans to offer stablecoins and other services, including lending capabilities secured by crypto assets, expanded payment options, and introducing new staking functions.
SoFi stopped providing crypto trading services in 2023 to become a regulated bank. However, SoFi stated that the Office of the Comptroller of the Currency (OCC) issued two interpretive letters in March and May, allowing national chartered banks to provide cryptocurrency custody, execute transactions, hold stablecoin reserves, and other related activities. Self-service international remittance (also called global remittance) is expected to be launched later this year. SoFi Money members will be able to send money to people in dozens of countries. Members can initiate remittances by entering the recipient's contact information and USD amount in the SoFi app. The company stated: "Funds will be automatically transferred through secure, reputable blockchain networks, converted to local currency at the destination, and quickly deposited into the recipient's account, with completely transparent exchange rates and fees, all available 24/7 in the SoFi app."
【Tether CEO: Tether Will Become the Largest Bitcoin Miner by End of 2025】
Tether CEO Paolo Ardoino stated that their Bitcoin mining business plays a crucial role in securing their investments, with total holdings exceeding 100,000 BTC, and the company may become the world's largest Bitcoin miner by the end of this year.
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