Gensler on ETFs: Ball in Issuers' Court 🏀
In today’s edition: 🔓❗️Urgent need for decentralized sequencers?, 🤝 Robinhood's $200M acquisition, and more!
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What’s Poppin’?
by Sage Young, Juan Aranovich, and Sam Sriram
SEC’s Gensler Says Timing of Spot Ether ETF Launch Depends on Issuers: Report
SEC Chair Gary Gensler implied that the ball is in the court of the spot ETF issuers when it comes to how soon a spot ether ETF may be listed.
Should Ethereum Layer 2s Urgently Decentralize Their Sequencers?
After layer 2 network Linea halted block production this week, many demanded the sequencers be decentralized. But is it necessary?
Q&A With Robinhood Crypto General Manager: Why the Crypto Giant Went to the EU
Robinhood’s crypto general manager Johann Kerbrat gave his perspective on the Bitstamp acquisition, the upcoming spot ether ETFs, and how the US regulatory landscape compares to others.
Daily Bits… ✍️✍️✍️
💵 Kraken is reportedly raising over $100 million in pre-IPO funding, aiming to complete the round by the end of this year.
📣 Former federal prosecutors and agents urged U.S. Secretary of State Antony Blinken to expedite efforts to secure the release of Tigran Gambaryan, a Binance executive detained in Nigeria.
🚨 Three individuals were charged in the US for the Evolved Apes NFT scam, which promised a video game but disappeared with $3 million, making it a classic "rug pull" scheme.
⚖️ The New York Attorney General sued two crypto pyramid schemes, AWS Mining and NovaTechFX, for allegedly scamming Haitian-Americans out of over $1 billion through deceptive investment promises.
❌ Bitcoin miner Core Scientific rejected CoreWeave's over $1 billion buyout offer, stating it undervalued the firm. The offer came on the same day they signed a 200 MW hosting deal for CoreWeave's HPC services.
💸 WWE legend Hulk Hogan allegedly deleted posts promoting a Solana memecoin, causing the token to drop $15 million in market cap within minutes. Screenshots of Hogan's promotions circulated online before the posts were removed.
The $$$ Corner…
🏖️ The Sandbox raised $20 million at a $1 billion valuation to enhance its decentralized metaverse for mobile devices. SAND token rose 4.5% following the announcement.
💰 Mountain Protocol closed $8 million in Series A funding led by Multicoin Capital to expand its USDM stablecoin supply. The goal is to grow USDM to 500 million tokens by the end of the year.
⛏️ Bitcoin miner Bitdeer is acquiring ASIC chip designer Desiweminer for $140 million in an all-stock deal. The Desiweminer team will join Bitdeer's ASIC design team in Singapore.
📹 Forward Research, the main contributor to Arweave, acquired the decentralized video-sharing platform Odysee, known for its anti-censorship stance. It has previously been criticized for minimal content moderation.
What Do You Meme?
📈 Your Market Update 📉
BTC is up .2%, trading at $71,092
ETH is down 1%, trading at $3,810
BTC dominance: 50.28%
Crypto market cap: $2.78T
*All data as of today, 04:38 am ET. Source: CoinGecko
Recommended Reads
Ethereum 2077: Understanding Blockchain Governance
Crypto Trader Digest: Group of Fools by Arthur Hayes
DL News: Ex-FTX exec to join boss Sam Bankman-Fried in prison. Who is Ryan Salame?
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