Is It ETH's Time Now? 🚀
In today’s edition: 👨⚖️ Celsius' bankruptcy exit, 🤓 Circle's latest update, 💸 ARK's investment shuffle, and more!
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What’s Poppin’?
by Brandy Betz, James Rubin, and Samyuktha Sriram
BlackRock Files Ethereum ETF Plan With Nasdaq
The filing follows the financial service giant’s registration of its iShares Ethereum Trust in Delaware earlier in the day but it must still receive regulatory approval.
Circle Releases USDC and EURC Upgrades
Circle’s v2.2 upgrade will reduce gas costs, improve support for account abstraction and enhance security for transactions on EVM blockchains.
Crypto Lender Celsius Receives Court Approval to End Bankruptcy Case
A U.S. bankruptcy judge approved the firm’s reorganization plan, which will return some crypto assets to customers and form a new company around mining and staking.
Cathie Wood’s ARK Buys 1.1M Robinhood Shares but Sells More GBTC
The investment firm remains bullish on the trading platform, which offers trading services for 15 cryptocurrencies, and it also continued to sell off its Grayscale Bitcoin Trust holdings.
Last week, OpenSea, the former frontrunner in the NFT marketplace, confirmed the layoff of half its workforce as the NFT markets seemed to bottom out.
gmoney, NFT collector and founder of 9dcc, joins Unchained to provide insight into the once-dominant NFT marketplace’s fall from grace. He talks about the competitive dynamics that challenge the platform's market share and whether a token launch could help. In addition, gmoney delves into why the NFT market has been “abysmal,” what could potentially catalyze its revival, and how he thinks creator royalties will evolve.
Daily Bits…✍️✍️✍️
🔓 Poloniex is reportedly experiencing a security breach, with over $60 million in crypto assets affected.
👮♂️ Kraken collaborated with UK police to return over $2 million in stolen cryptocurrency to scam victims, marking a successful crypto asset recovery operation.
⚖️ Irina Dilkinska, OneCoin's legal chief, pleaded guilty to money laundering and wire fraud, potentially facing a decade in prison for her role in a crypto pyramid scheme.
💱 UBS Group is set to offer select wealthy clients the ability to trade futures-based crypto ETFs in Hong Kong, following similar moves by competitor HSBC.
Some tokens are 📈📈
🔄 FTX's native token FTT jumped by 90% following SEC Chairman Gensler's remarks on legal compliance for crypto ventures.
🐶 Solana's meme coin Bonk (BONK) saw a 66% increase, reflecting a broader bullish sentiment in the Solana ecosystem post-Bankman-Fried trial.
📊 Huobi Token (HT) climbed 25%, hitting a five-month peak amid a surge in trading volume and a potential shift in market trends.
Today in Crypto Adoption...
🔒 The EU Parliament passed the Data Act with a smart-contract kill switch provision, potentially impacting the legality of most smart contracts.
🔐 India's Central Bureau of Investigation partnered with Liminal for the management of seized digital assets, enhancing security and compliance.
The $$$ Corner…
🌱 Lightspeed Faction launched a $285 million fund to invest in early-stage blockchain startups, offering both capital and crypto-native expertise.
🏗️ Polygon Labs unveiled an $85 million grant program, distributing 110 million MATIC to support development in DeFi, gaming, and social media sectors.
💰 Crypto venture capital firm Maven 11 aims to raise $100 million for its third fund, with a third already committed and plans to close by mid-next year.
💼 Block Scholes, a crypto analytics firm based in London, secured $3.3 million in funding to enhance its team and product development.
What Do You Meme?
Recommended Reads
Jameson Lopp on why Bitcoin should blow your mind
Unchained: What Is Tokenomics? A Beginner’s Guide
📈 Your Market Update 📉
BTC is up .8%, trading at $37,107
ETH is up 9.6%, trading at $2,099
BTC dominance: 49.54%
Crypto market cap: $1.46T
*All data as of today, 07:10 am ET
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