WAO ART #350

Bitfarms, a cryptocurrency mining company, is expanding its operations in Paraguay by securing land near the Itaipú Dam to build a 100MW mining site. The company aims to benefit from the region's renewable energy resources and promote environmentally sustainable bitcoin mining.

Invesco and Galaxy Asset Management have announced a reduction in the Sponsor Fee for the Invesco Galaxy Bitcoin ETF, lowering the total expense ratio from 0.39% to 0.25%. Invesco will also waive the entire fee on assets up to $5B for the first 6 months of operations, effectively bringing the total expense ratio to 0.

The UK has not approved retail access to cryptocurrency exchange-traded funds (ETFs), despite global acceptance. The Financial Conduct Authority (FCA) banned retail sales of crypto-related derivatives, including ETFs, due to risks from highly leveraged products.

Nigeria's crypto regulations have been criticized for favoring foreign companies over domestic startups. The Nigerian SEC issued licensing requirements for virtual asset service providers (VASPs), including cryptocurrency exchanges, which include high capital requirements and other guidelines.

The South Korean crypto karaoke platform, Somesing, was hacked and 730 million SSX tokens were stolen. These tokens are valued at around $11.5 million, but a majority of the stolen tokens were not yet distributed.

The Australia Diamonds defeated the England Roses 69-49 in a netball match at the raucous Leeds Arena. The near-5,000 crowd created an incredible atmosphere, cheering on the home team's every move. However, Australia proved to be too strong, extending their lead throughout the game.

BlackRock's Bitcoin ETF is surpassing the Grayscale Bitcoin Trust in terms of trading volume, indicating a potential shift in the market. GBTC has experienced significant outflows since its launch, but the inflows of other spot Bitcoin ETFs, BlackRock and Fidelity, suggest a weakening of GBTC's selling pressure.