Grayscale: Form S-3 filed as part of effort to convert GBTC to ETF
Odaily News Huidu posted on the Grayscale explains the S-3 form. Typically, an issuer will submit a registration statement for an initial public offering of equity securities registered under the Securities Act on Form S-1. However, GBTC is eligible to use Form S-3, a shorter document incorporated by reference into its SEC disclosures and reports, because its shares have been registered under the Securities Exchange Act of 1934 since January 2020, and meet other SEC requirements. Before GBTC can be converted into an ETF and shares issued in a registered manner under Form S-3, NYSE Arcas 19b-4 petition must be approved, a Regulation M exemption or other relief must be obtained, and the Form S-3 must be issued by SEC declares it effective.
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a certain whale sold 5.338 million PONS at an average price of $0.6779, worth $3.67 million, driving the PONS price down 4% from $0.6968 to $0.6688. PONS was previously the largest on-chain asset of this address, with an entry price of approximately $0.7154. This sale resulted in a loss of about $200,000.
Odaily News: Crypto industry figure Jordy posted on X platform that former Hack VC partner Hsin-Ju Chuang has been found dead, and expressed condolences. According to a screenshot of a report shared by Jordy, 37-year-old Hsin-Ju Chuang resided in North Las Vegas and was found dead last month near a remote exit off Interstate 15 in the Mojave Desert. Investigators have not yet determined the cause of death.Hsin-Ju previously claimed that she was required to continue working during a medical emergency and was threatened with being blacklisted from the industry if she left before an event was completed. She rejected Hack VC's settlement offer and had planned to publicly release evidence related to her tenure on August 26. Hack VC stated that it has noticed the relevant content, is concerned about Hsin-Ju's health condition, but said that its understanding of the events differs significantly from what Hsin-Ju published, and that it would not publicly discuss details out of privacy considerations.
Odaily News: According to an official announcement, Binance will list the OURAUSDT USD-M Pre-IPO perpetual contract at 08:30 (UTC) on September 23, 2026, with a maximum leverage of 20x and support for multi-asset mode.
According to Lookonchain monitoring, a newly created address bought 269,500 UNI worth $2.84 million, while another address separately bought 138,400 UNI worth $1.23 million.
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