Rumours: BlackRock is preparing to file an application for a spot ETH-ETF.
Amid rumors, Ethereum price rises above $2000.
https://x.com/milesdeutscher/status/1722632691982487672
Swell Network won the vote by EigenLayer and now swETH would have access to liquid restacking features.
https://x.com/swellnetworkio/status/1722584894122192991
Immutable announced a new partnership with Ubisoft, a video game creator and publisher, to create a new gaming experience that will further unlock the potential of web3.
With this partnership, Immutable continues in its ambition to bring digital ownership to players, while Ubisoft pursues its exploration of decentralization through its Strategic Innovation Lab.
https://www.immutable.com/blog/immutable-and-ubisofts-strategic-innovation-lab-pioneering-a-frictionless-web3-gaming-experience
The Japanese financial giant SBI Holdings will launch a $663 million Web3 fund within a year.
https://coinpost.jp/?p=490878
Shardeum has released its Whitepeper.
Tokenomics:
Max supply: 508 million SHM
Distribution:
▫️51% Community (259,080,000 SHM) – reward to validator and archiver nodes
▫️18% Sale (91,440,000 SHM) – 3 month cliff then 2 year daily linear vesting
▫️15% Team (76,200,000 SHM) – 3 month cliff then 2 year daily linear vesting
▫️11% Foundation (55,880,000 SHM) – unlocked at Token Generation Event (TGE)
▫️5% Ecosystem (25,400,000 SHM) – unlocked at TGE
Sale:
▫️Seed Round (September '22) - $0.80 per SHM, $18,719,600 raised
▫️Strategic Round (June '23) - $1.00 per SHM, $5,916,037 raised
https://x.com/shardeum/status/1722282927994646936
A revived FTX could work if new leadership does so with a clear understanding of the law, SEC chair Gary Gensler told CNBC.
The FTT price has increased by 45% in 24 hours.
https://www.cnbc.com/2023/11/08/secs-gensler-says-rebooted-ftx-is-possible-if-done-within-the-law.html
Australian crypto exchange CoinSpot might have suffered an exploit, according to blockchain sleuth ZachXBT.
Two of the exchange’s wallets appear to have lost more than 1,282 ETH ($2M) in a matter of 5 minutes.
https://www.theblock.co/post/262287/zachxbt-says-coinspot-wallets-appear-to-have-lost-around-2-million-of-crypto-in-possible-hack
FTX and Alameda further transferred out $38.5M worth of 7 assets to exchanges ~6hrs ago:
750,000 SOL ($31.2M)
325,501 ENS ($2.76M)
10.1M GMT ($2.22M)
642,702 LDO ($1.26M)
288,211 APE ($410K)
127,407 BADGER ($365K)
555,342 BNT ($323K)
Overall, as of Nov 8, FTX and Alameda Research have transferred out $350M worth of 36 assets to exchanges.
https://x.com/spotonchain/status/1722051562951041032
Illuvium will be added to Epic Games on November 28th.
The ILV price has increased by more than 15%.
https://x.com/illuviumio/status/1722235730695799152
Cryptocurrency exchange Binance has released a Web3 wallet.
The new product, which will work across 30 blockchain networks.
Binance's Web3 wallet will compete with the likes of MetaMask and Trust Wallet.
After the news, the TWT price has decreased by 25%.
https://www.coindesk.com/business/2023/11/08/binance-rolls-out-its-first-ever-self-custody-web3-wallet/
Lazarus BlueNoroff attacks the crypto industry again with new macOS malware.
https://x.com/im_23pds/status/1722055780567032169
Circle is considering going public early in 2024.
https://www.bloomberg.com/news/articles/2023-11-07/stablecoin-issuer-circle-internet-said-to-consider-2024-ipo
Co-founder Polygon will make announcements on the 9th and 14th November.
https://x.com/sandeepnailwal/status/1721989331588415643
Bitcoin continues to grow rapidly.
BTC is now trading at $37233, +7.05% in 24 hours.
https://dropstab.com/coins/bitcoin
Michael Novogratz’s crypto financial services firm Galaxy Digital reported its third-quarter net loss of $94 million.
https://www.bloomberg.com/news/articles/2023-11-09/novogratz-s-galaxy-says-quarterly-loss-widened-ahead-of-bitcoin-etf-bid
“Crypto rally looks overdone,” according to JPMorgan analysts.
https://www.theblock.co/post/262324/jpmorgan-crypto-rally-looks-overdone
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.38T. Bitcoin is trading at $36.7K
dropstab | icodrops | twitter | telegram
U.S. Congress passed Tom Emmer's amendment to prohibit the SEC from using taxpayer-funded resources to pursue enforcement actions against the digital asset industry until Congress passes legislation that authorizes regulatory enforcement jurisdiction.
Tom Emmer says Gary Gensler is as ineffective as he is incompetent.
https://x.com/gopmajoritywhip/status/1722352006076023094
Binance's efforts to dismiss a U.S. Securities and Exchange Commission (SEC) lawsuit do not have a basis in the law, the federal regulator said in a filing.
The SEC pushed back against Binance and Binance.US's motion to dismiss the suit it brought earlier this summer, saying the motion relies on "distorted" and "tortured" interpretations of both federal law and precedents.
https://www.coindesk.com/policy/2023/11/08/binance-has-no-real-argument-for-dismissing-sec-suit-regulator-says/
The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a spot bitcoin exchange traded product (ETF).
https://www.coindesk.com/policy/2023/11/08/us-sec-said-to-open-talks-with-grayscale-on-spot-bitcoin-etf-push/
Injective celebrates the 2nd year anniversary of the Injective mainnet launch.
Some of the accomplishments of the Injective ecosystem and community: https://x.com/Injective_/status/1722265709881991638
#InjectiveTurns2
Polygon Labs and NEAR Foundation are collaborating on the development of a zero-knowledge (ZK) prover for Wasm blockchains.
Wasm (WebAssembly) is a popular framework for running complex programs in a browser that offers comparable performance to native computer apps and helps power popular applications.
In Web3, the Wasm Virtual Machine serves as a runtime in blockchains such as Near and Polkadot and is different from the Ethereum Virtual Machine.
https://polygon.technology/blog/polygon-labs-and-near-foundation-collaborate-to-build-a-zkwasm-prover-as-a-component-for-polygon-cdk
Trust Wallet has introduced Trust Wallet WaaS.
Trust Wallet's Wallet as a Service (WaaS) enables businesses to provide a wide variety of decentralized services to their users.
https://trustwallet.com/ru/blog/introducing-trust-wallet-WaaS-powering-decentralized-services-for-every-business
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.34T. Bitcoin is trading at $35.3K
dropstab | icodrops | twitter | telegram
Wintermute CEO says NEAR Foundation refuses to honor its $11.2 million commitment to repurchase FTX shares.
https://x.com/evgenygaevoy/status/1722019361810968737
The Biden administration wants new powers from Congress to aid in a crackdown on the illicit use of cryptocurrencies, citing digital asset flows allegedly connected to Palestinian militant group Hamas.
https://www.wsj.com/articles/congress-must-aid-fight-against-illicit-use-of-crypto-treasury-official-says-1bebab02
GMX today launches a 12-week liquidity and trading stimulus programme with a 12 million ARB (~$13 million) allocated from Arbitrum DAO.
Of the 12 million, up to 2 million tokens can be used as grant incentives for other developers and protocols that advance Arbitrum’s growth by building on GMX V2.
Distribution of the incentives takes place per week.
The GM Liquidity Incentives are divided into two types:
1. Incentives for GM Liquidity Providers
2. Incentives for migrating GLP liquidity to the GM pools
Trading incentives
While trading on GMX, you’ll earn trading fee rebates in ARB tokens. These fee rebates can add up to cover the total cost of GMX’s base trading fees (though never more than that).
Trading incentives will be paid out against all qualified trades during every weekly epoch.
Grant incentives
Three categories of grant incentives are recognised:
1.Micro Grants, with a budget of up to $10K.
2. Open Grants, with a budget of up to $100k.
3. Requests For Proposal; more extensive grants, requested by GMX to address specific needs.
https://gmxio.substack.com/p/how-gmx-will-utilise-the-12-million