WAO ART #390

SEC engages in discussions with Coinbase and Grayscale about Ethereum ETFs. Coinbase presents data on Ethereum's classification as a commodity and the robustness of futures and spot markets. Experts have varying opinions on the approval of ETH ETFs, with concerns over regulatory scrutiny and the SEC's silence.

UK economy shows surprising resilience, defying expectations. British pound gains against the dollar, reaching a seven-month high. UK's shift towards mainstream politics and stable political environment credited for currency's strength.

ETFs can encourage people in India to explore crypto-based funds. ETFs in India have been successful and continue to show potential. ETFs offer exposure to a diverse range of assets and are more transparent and tradable than mutual funds.

Brazil leads the world in exports of seven food commodities. Brazil is the largest exporter of soybeans (56%), corn (31%), coffee (27%), sugar (44%), orange juice (76%), beef (24%), and chicken meat (33%). Brazil's agricultural productivity has increased by 58% since 2000.

Bitcoin breaks all-time high, surpassing $70,000 mark. OTC desks experiencing scarcity of Bitcoin, indicating increasing demand. Decline in Bitcoin reserves on exchanges suggests long-term investor confidence. Bitcoin Exchange-Traded Funds (ETFs) buying an average of 4,000 Bitcoins daily, amplifying buying pressure.

Gluwa's CEO, Tae Oh, visited Vice President Kashim Shettima of Nigeria. The meeting focused on enhancing Nigeria's digital landscape. Gluwa aims to collaborate with the Vice President on contributing to the financial and creative industries for Nigeria's digital transformation plans.

Cryptopia, a New Zealand-based cryptocurrency exchange, will start returning Bitcoin (BTC) and Dogecoin (DOGE) to account holders affected by the 2019 hack. The distribution process will begin within the next three months and will continue until the end of 2024 to return other cryptocurrencies of sufficient value.