Bitcoin 🤜 Silver
In today’s edition: 🗳️ Aave V3's BNB Chain vote, 🚨 Concern over token unlock, 🔝 BlackRock's ETF achievement, and more!
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What’s Poppin’?
by Sam Sriram and Sage Young
Aave DAO to Begin Voting Friday on Whether to Deploy V3 on BNB Chain
The vote to deploy Aave V3 on the blockchain network associated with Binance was created one day after Aave Labs proposed a strategy to integrate its GHO stablecoin across several blockchain networks.
Bitcoin Surpasses Silver to Claim Second Spot in US Commodities ETFs AUM
With nearly $30 billion in assets under management, Bitcoin is now the second largest asset class after gold in US commodities ETFs.
Arbitrum Commands Nearly Half of Total Market Share in Ethereum Rollups: Nansen
Arbitrum has “robust fundamentals,” according to a Nansen analyst, but investors are concerned about its upcoming $2 billion token unlock.
On Wednesday, a federal court in New York heard oral arguments in Coinbase’s motion to dismiss the SEC’s case against it for, among other things, allegedly acting as an unregulated securities exchange. Notably, Judge Katherine Polk Failla pressed the SEC to explain how it has jurisdiction over Coinbase in the case by defining what it considers a security.
Sam Enzer, a partner at Cahill Gorden & Reindel who represents Coinbase but not in this matter, joined Unchained to discuss why this case is so significant for the crypto industry, how he believes the government contradicted itself on the crucial definition of what constitutes a security, why he thinks the judge will not dismiss the case at this early stage, how the Ripple and Terraform Labs cases could be used by each side, and why he thinks Judge Failla is such a perfect choice to rule in this case.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Daily Bits…✍️✍️✍️
🪙 Tether reportedly acquired an additional 8,888 bitcoins for $380 million, maintaining its position as the 11th-largest Bitcoin holder.
📈 BlackRock's Bitcoin ETF, IBIT, rapidly reached $1 billion in assets under management within its first week of trading.
🛡️ Manta Network experienced a DDoS attack during the issuance of its MANTA token, causing delayed transactions and network slowdown.
🤫 In China, crypto trading is covertly occurring in everyday locations like cafes and laundromats to circumvent the country's ban on cryptocurrency.
🔗 Conflux Network is introducing an EVM-compatible solution to facilitate interoperability between Bitcoin and its Layer 1 blockchain.
Today in Crypto Adoption...
🤝 China established a metaverse working group including major tech firms like Huawei and Tencent, focusing on standardization and industry growth.
🇭🇰💹 Venture Smart Financial Holdings in Hong Kong aims to launch its spot Bitcoin ETF in Q1, targeting $500 million in assets under management by year-end.
The $$$ Corner…
💰 Flowdesk, serving as a liquidity provider for Grayscale's Bitcoin ETF, closed a $50 million Series B round to enhance its OTC services and expand in Singapore and the U.S.
🌍 Ethereum staking platform Kiln secured $17 million in funding to expand its operations, with plans for a new headquarters in Singapore.
What Do You Meme?
Recommended Reads
CoinDesk: Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules by Sandali Handagama
Unchained: What Is the Double-Spending Problem in Blockchain?
DL News: Taiwan’s new president, a blockchain fan, is already setting up new crypto rules
📈 Your Market Update 📉
BTC is down 2.3%, trading at $41,403
ETH is down 1.1%, trading at $2,488
BTC dominance: 47.29%
Crypto market cap: $1.71T
*All data as of today, 06:00 am ET. Source: CoinGecko
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