Developments
- BlackRock is working on launching a spot ETH ETF called the iShares Ethereum. source
- The European Parliament approved an act that would require smart contracts to have a kill switch. The next steps towards the act being implemented would be approval from the European Council. source
- Circle has released v2.2 for their stablecoins - USDC and EURC. The update decreases gas costs, increases the security of transactions involving them on EVM chains, and provides improved support for account abstraction which enables developers to build products where users can pay gas in USDC or EURC. source
- Ark Invest and 21Shares are getting ready to launch 5 new ETF‘s that will give investors exposure to digital assets, including Bitcoin and Ethereum futures contracts. source
- Riot Platforms, a Bitcoin mining firm, has released their 2023 Q3 report which shows increased revenues by 11.2% from $46.3 million to $51.9 million compared to their Q3 2022 reports. Additionally, they mined 1,106 BTC compared to 1,042 BTC in Q3 2022. source
- Immutable has partnered with Ubisoft’s Strategic Innovation Lab to “a new gaming experience to further unlock benefits for players through the power of web3”. source
- A New York judge approved Celsius’ plan to restart under the name “NewCo” which would see the distribution of $2 billion BTC and ETH to Celsius customers as well as NewCo Stock. source
- Polygon has relaunched their grant program “Polygon Village” which will use 110 million MATIC ($90 million) to fund both projects both existing and being developed on the chain. source
- Former Flashbot’s co-founder, Stephane Gosselin, has released a Telegram bot named ‘Alfred’ which allows users to trade tokens on Ethereum while protecting against MEV. source
- HTX and Tron founder, His Excellency Justin Sun, has asked via his Twitter if the public would like to see Inscriptions come to Tron. source
- Chainlink staking v0.2 will launch to the public on December 11th 2023. The pool will have 45 million LINK in rewards. Early access will open on December 7th. source
- USDC’s Circle is considering going public via an initial public offering (IPO) in early 2024 as reported by Bloomberg. Previously, Circle was valued at $9 billion when it attempted to go public via a blank check merger deal with Concord Acquisition Corp in 2021, which was ultimately terminated in December 2022 due to the transaction timing out. source
- Illuvium, a game built on Immutable X, was listed on the Epic Games Store today. In response, the project's token, ILV, has surged by 22% in the last 24 hours. Previously, Illuvium raised $15 million in seed funding and another 4,018 ETH and 239,388 sILV2 (valued at $72 million in June 2022 and $26 million today if unconverted) in an NFT land sale in June of 2022. The game is set to be available to the public for download on November 28th as "Early Access."
- The SEC could approve spot BTC ETF’s as a minimum 8 day temporary window opens up starting tomorrow. source
- OpenSea’s valuation has been reduced by 90% from $13.3 billion to $1.4 billion or less by Coatue, an asset management company that co-led a $300 million round for OpenSea in 2022. Coatue also marked down its stake in MoonPay by 90%. source
- HSBC has partnered with Metaco, which is a Ripple owned company. Metaco provides infrastructure for financial and non-financial institutions to securely build their digital asset operations including tokenized securities custody service for institutional clients. The service aims to go live in 2024. source
- The FTX estate moved an additional $38.5 million of assets to exchanges today, $31.2 million of which was SOL. This brings the total assets moved to exchanges at $350 million so far. source
- Robinhood to expand its Crypto services into the EU. It will also be establishing a UK brokerage in the next few weeks. source
- BlackRock is working on launching a spot ETH ETF called the iShares Ethereum. source
- The European Parliament approved an act that would require smart contracts to have a kill switch. The next steps towards the act being implemented would be approval from the European Council. source
- Circle has released v2.2 for their stablecoins - USDC and EURC. The update decreases gas costs, increases the security of transactions involving them on EVM chains, and provides improved support for account abstraction which enables developers to build products where users can pay gas in USDC or EURC. source
- Ark Invest and 21Shares are getting ready to launch 5 new ETF‘s that will give investors exposure to digital assets, including Bitcoin and Ethereum futures contracts. source
- Riot Platforms, a Bitcoin mining firm, has released their 2023 Q3 report which shows increased revenues by 11.2% from $46.3 million to $51.9 million compared to their Q3 2022 reports. Additionally, they mined 1,106 BTC compared to 1,042 BTC in Q3 2022. source
- Immutable has partnered with Ubisoft’s Strategic Innovation Lab to “a new gaming experience to further unlock benefits for players through the power of web3”. source
- A New York judge approved Celsius’ plan to restart under the name “NewCo” which would see the distribution of $2 billion BTC and ETH to Celsius customers as well as NewCo Stock. source
- Polygon has relaunched their grant program “Polygon Village” which will use 110 million MATIC ($90 million) to fund both projects both existing and being developed on the chain. source
- Former Flashbot’s co-founder, Stephane Gosselin, has released a Telegram bot named ‘Alfred’ which allows users to trade tokens on Ethereum while protecting against MEV. source
- HTX and Tron founder, His Excellency Justin Sun, has asked via his Twitter if the public would like to see Inscriptions come to Tron. source
- Chainlink staking v0.2 will launch to the public on December 11th 2023. The pool will have 45 million LINK in rewards. Early access will open on December 7th. source
- USDC’s Circle is considering going public via an initial public offering (IPO) in early 2024 as reported by Bloomberg. Previously, Circle was valued at $9 billion when it attempted to go public via a blank check merger deal with Concord Acquisition Corp in 2021, which was ultimately terminated in December 2022 due to the transaction timing out. source
- Illuvium, a game built on Immutable X, was listed on the Epic Games Store today. In response, the project's token, ILV, has surged by 22% in the last 24 hours. Previously, Illuvium raised $15 million in seed funding and another 4,018 ETH and 239,388 sILV2 (valued at $72 million in June 2022 and $26 million today if unconverted) in an NFT land sale in June of 2022. The game is set to be available to the public for download on November 28th as "Early Access."
- The SEC could approve spot BTC ETF’s as a minimum 8 day temporary window opens up starting tomorrow. source
- OpenSea’s valuation has been reduced by 90% from $13.3 billion to $1.4 billion or less by Coatue, an asset management company that co-led a $300 million round for OpenSea in 2022. Coatue also marked down its stake in MoonPay by 90%. source
- HSBC has partnered with Metaco, which is a Ripple owned company. Metaco provides infrastructure for financial and non-financial institutions to securely build their digital asset operations including tokenized securities custody service for institutional clients. The service aims to go live in 2024. source
- The FTX estate moved an additional $38.5 million of assets to exchanges today, $31.2 million of which was SOL. This brings the total assets moved to exchanges at $350 million so far. source
- Robinhood to expand its Crypto services into the EU. It will also be establishing a UK brokerage in the next few weeks. source