📱 Will You Buy This One?
In today’s edition: 💰 9,000 BTC to Coinbase, 🚀 New ETF proposal by Grayscale, 🔝 Core Scientific's resurgence, 🚫 Socket hit by major exploit, and more!
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What’s Poppin’?
by Sam Sriram, Sage Young, and Brandy Betz
Solana Mobile Is Making a Second Crypto Smartphone
The announcement comes about a month after Solana Mobile indicated it couldn’t fulfill all outstanding orders of its first crypto-integrated Android smartphone, named Saga, which sold out in the United States and European Union.
Grayscale Sends 9,000 Bitcoin to Coinbase as GBTC Outflows Top $1.2 Billion
Crypto asset manager Grayscale sent close to $400 million worth of Bitcoin to Coinbase as investors pulled funds from GBTC.
Grayscale Pursues New Bitcoin Covered-Call ETF
If approved, the exchange-traded fund would offer investors income from the Grayscale Bitcoin Trust ETF’s price returns.
Bitcoin Miner Core Scientific to Relist Shares After Bankruptcy Exit
Core Scientific expects to re-list its shares on the Nasdaq at the end of the month as the bankrupt Bitcoin miner completes the final steps in its reorganization plan.
Exploiter Steals Several Millions From Interoperability Protocol Socket
Socket announced it has paused the affected contracts and urged users to revoke all transaction approvals for protection.
Thursday was a momentous day in crypto as the first SEC-approved spot Bitcoin ETFs finally began trading after more than a decade of waiting, and by almost all accounts, it was a huge success, with more than $625 million in inflows on the first day of trading.
Bitwise CIO Matt Hougan and VanEck head of digital assets research Matthew Sigel joined Unchained to discuss their approaches towards selling their products in the market, the challenges of competing with larger firms like BlackRock and Fidelity, the fee wars and where those are headed, the importance of specialist expertise in the crypto investment space, and how Bitcoin prices might react to all the new supply in the market.
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…✍️✍️✍️
🔧 Ethereum developers deployed the Dencun upgrade on the Goerli testnet, a step towards implementing proto-danksharding on the Ethereum mainnet.
⚖️ The trial for former Terraform Labs CEO Do Kwon has been postponed to March, as he faces challenges in leaving Montenegro.
👨👩👦 The parents of Sam Bankman-Fried, founders of FTX, are seeking to dismiss a lawsuit filed against them, denying involvement in fraudulent transfers.
🔍 The EU Banking Authority extended its anti-money laundering guidelines to include crypto firms, aiming to standardize regulatory compliance.
🌏 The UN reported on Tether's significant involvement in illicit activities in East Asia and Southeast Asia, with Tether rebutting the focus on its stablecoin. Meanwhile, 🔒 Cantor Fitzgerald's CEO confirmed Tether's claim of having billions in reserves to back its USDT stablecoin.
🌊 Manta Pacific surpassed Base as the fourth largest scaling solution according to L2Beat, with its native layer 2 platform on the Manta Network.
🔚 Crypto advocate and U.S. presidential candidate Vivek Ramaswamy withdrew from the race, endorsing Donald Trump after the Iowa caucus.
🏛️ Justin Sun, facing SEC charges, reinstated the previously dissolved TRON Foundation and delayed his trial for fraud and market manipulation.
Today in Crypto Adoption...
🔄 Chainlink integrated with Circle’s cross-chain transfer protocol to secure USDC stablecoin transfers across different blockchains.
🔄 ProShares filed prospectus materials for five new leveraged and inverse Bitcoin ETFs, following the recent approval and trading of spot Bitcoin ETFs.
💵 Morgan Stanley discussed the potential of cryptocurrencies like Bitcoin and stablecoins to challenge the U.S. dollar's global financial dominance.
The $$$ Corner…
💸 Ego Death Capital launched a $100 million fund to invest in companies driving the growth of the Bitcoin ecosystem.
🚗 CoinFund spearheaded a $11.5 million Series A funding round for Digital Infrastructure Inc, developer of the decentralized DIMO car data network.
What Do You Meme?
Recommended Reads
Unchained: An Introduction to ERC-4337 (Account Abstraction) Standard
Grace Deng on Liquid Restaking Tokens
Figment Capital on the Proof Supply Chain, an important component of ZK infrastructure
📈 Your Market Update 📉
BTC is down .4%, trading at $42,660
ETH is up .4%, trading at $2,540
BTC dominance: 47.34%
Crypto market cap: $1.77T
*All data as of today, 06:55 am ET. Source: CoinGecko
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