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01:29
Grayscale plans to convert its AAVE Trust into a spot ETF
BlockBeats News, February 14, according to The Block, Grayscale has submitted an application to the US Securities and Exchange Commission (SEC), planning to convert its closed-end AAVE Trust into an ETF, which is intended to be listed on NYSE Arca. This ETF will charge a 2.5% NAV sponsor fee (payable in AAVE), and a certain exchange will serve as the custodian and primary broker.
01:26
US Treasury Secretary Besant: If Democrats control the House after the midterm elections, the prospects for passing the CLARITY Act will be completely dashed
Jinse Finance reported that U.S. Treasury Secretary Scott Bessent stated that in the context of the current prolonged market downturn, promoting the passage of the CLARITY Act could help improve market sentiment. In an interview with CNBC on Friday, Bessent said that the advancement of the CLARITY Act has been hindered due to concerns from crypto industry executives, which has had a negative impact on the industry. He stated: "During this period of historic sell-offs, I believe that if we can clarify the direction on the CLARITY Act, it will bring great confidence to the market, and we can move forward on that basis." However, Bessent added: "If the Democrats take the House, which is not what I hope for, then the prospect of reaching an agreement will be completely dashed." Bessent said that considering the 2026 midterm elections may lead to a shift in the balance of power, it is crucial to push the bill through "as soon as possible" and have it sent to President Trump for signing before the U.S. spring (late March to late June). According to data from the U.S. House of Representatives, the Republicans currently hold a narrow majority with 218 seats to 214. On Polymarket, 47% of traders believe that the 2026 midterm elections will result in a "split Congress," with each party ultimately controlling one chamber.
01:24
Polymarket official shares and quickly deletes image, suggesting POLY token airdrop may be linked to platform fees
According to Odaily, Polymarket official Mustafa (@mustafap0ly) posted a picture on X last night and quickly deleted it. The image showed a screenshot of coding operations using Claude Code, with the task instruction: "Migrate the fee collection mechanism on the CLOB (Central Limit Order Book) from USDC.e to POLY. The relevant code is currently located in the staging branch."
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