Canary Capital has submitted a spot PEPE ETF application to the U.S. SEC
On April 9, The Block reported that Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tracking the spot price of the PEPE token.
In the filing, Canary noted PEPE launched in April 2023 with a total supply exceeding 420 quadrillion tokens, and highlighted the meme coin has no utility. The firm also submitted ETF applications last year tied to tracking the prices of MOG and Pengu.
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Cryptocurrency Fear and Greed Index Drops to 14, Market Remains in "Extreme Fear"
As of April 9, alternative data shows the cryptocurrency **Fear & Greed Index** stands at 14—down from 17 the previous day—keeping the market in "extreme fear" territory.
Note: The index ranges from 0 to 100 and incorporates the following metrics:
- Volatility (25%)
- Market Volume (25%)
- Social Media Hype (15%)
- Market Surveys (15%)
- Bitcoin Dominance Index (10%)
- Google Trends Analysis (10%)
### Key adjustments for U.S. English/breaking news style:
1. **Tighter structure**: Used "As of" (natural for date-based updates) and em dashes to highlight the daily drop (cleaner than parentheses for contrast).
2. **Terminology consistency**: Capitalized "Fear & Greed Index" (standard industry shorthand) and replaced "Bitcoin's" with "Bitcoin" (common in proper noun phrasing for the index).
3. **Readability**: Swapped "includes" for "incorporates" (more formal for data context) and added bullet points for metrics (easier to scan, standard in U.S. financial news).
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Morgan Stanley Bitcoin Spot ETF Sees First Day Inflow of Approximately $34 Million
April 9th, CoinDesk reported that Morgan Stanley’s Bitcoin spot ETF traded actively on its debut day, with over 1.6 million shares changing hands and roughly $34 million in inflows. Boasting a 0.14% fee—the lowest among comparable ETFs—the product underscores its price edge in the competitive market.
Backed by Morgan Stanley’s extensive wealth management network, MSBT is poised to gain traction as more investors are introduced to Bitcoin via their financial advisors.
Yet with the market controlled by a handful of major players, it remains uncertain whether the ETF can maintain its early momentum.
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「Fed Speak」: Concerns About Slowing Inflation Stem From Three Interconnected Factors
April 9 — Nick Timiraos, often called the Federal Reserve’s "megaphone" for his closely watched Fed coverage, noted that minutes from the central bank’s recent meeting show the "vast majority" of officials think the pace of inflation easing may be slower than expected.
The slowdown ties to three interconnected concerns: tariff impacts on commodity prices could take longer to fade; oil prices’ pass-through to core inflation; and years of inflation running above the Fed’s target, leaving expectations more vulnerable to fresh shocks.
(IG)
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U.S. Lawmaker Urges SEC to Investigate 'Suspicious' Trades During Iran War
On April 9, U.S. Rep. Ritchie Torres (D) called for the Securities and Exchange Commission (SEC) to investigate suspicious trading in oil and stock futures markets in the lead-up to former President Donald Trump’s decision last month to postpone a military strike on Iran.
“The speed, scale and structure of these trades are highly suspicious,” Torres said. “It’s clear the SEC and Commodity Futures Trading Commission (CFTC) cannot ignore this.”
The Democratic lawmaker also urged regulators to launch a formal probe into trading activity in oil, energy and stock futures markets in the minutes before Trump’s March 23 tweet, and to obtain trading records for accounts linked to those trades. (Jinse)
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WSJ: Iran Uses Cease-Fire to Tighten Grip on Hormuz, Limiting Daily Ship Crossings to About 12 and Charging Fees
**April 9 (Wall Street Journal) —**
Iran is tightening de facto control of the Strait of Hormuz under the U.S.-Iran ceasefire framework, limiting daily vessel transit to roughly 12 while requiring advance coordination fees and transit permits.
All vessels must first secure approval from Iran’s Islamic Revolutionary Guard Corps (IRGC). Data shows daily transit caps have dropped as low as 4 vessels since April—down from a pre-conflict daily average of over 100.
Iran is pushing a tiered fee system:
- Iranian cargo vessels: free transit
- Friendly-country vessels: subject to fees
- U.S./Israel-linked vessels: may face restrictions
Industry sources note supertanker fees could reach up to $2 million. Long-term implementation would let Iran exert significant control over roughly 20% of global oil supplies.
While the U.S. continues advocating for freedom of navigation in the strait, there are no signs Iran is easing restrictions. Analysts say this move has emerged as Iran’s
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