🦎🚀 Are We Really Back This Time? 🤔📈

Friday, November 10, 2023

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Spot ETH ETF Coming Soon?

BlackRock, the world's largest asset manager, is officially developing a spot Ether ETF, as confirmed in a 19b-4 filing on Thursday.

The filing for the proposed ETF, named the iShares Ethereum Trust, was submitted by Nasdaq shortly after BlackRock registered an entity in Delaware. BlackRock has been displaying growing interest in the crypto space and is presently awaiting a decision on a spot Bitcoin ETF application from the Securities and Exchange Commission (SEC).

In today's news, we have SEC's chair hinting on reboot of FTX, Celsius on track to exit bankruptcy and two new funds aimed to back crypto startups launching.

Read on!

24h Hot Searches Worldwide 🔥

GAMEE (-0.7%)
Niza Global (+14.6%)
Arbitrum (+6.2%)
Polygon (+2.3%)
Tectum (+10.0%)
Dione (+8.0%)
Botto (-10.2%)

Top 10 Layer–2 Solutions

Total TVL across the top 10 L2 Solutions increased by 45% from $3.0 billion to $4.3 billion from January 1, 2023 to October 31, 2023.

Newcomers Base, zkSync Era and Mantle now account for 11.0% of the top 10 market share in October 2023 while Gnosis more than doubled (2.47x) its TVL from $64.9 million to $160.1 million from January to October 2023.

We've recently dropped our Q3 Crypto Industry Report - watch this video to get a quick summary of the most important developments in the space!

Watch now!

Potential Revival of FTX

The token associated with the defunct FTX cryptocurrency exchange has surged over 80% in the past 24 hours.

This rally follows comments from the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, who suggested openness to a rebooted FTX as long as it adheres to legal regulations.

Decrypt

On Track To Exit Bankruptcy

Celsius Network, the failed crypto lending company, is set to exit bankruptcy after a judge approved its customer repayment plan in a Delaware bankruptcy court.

The plan involves creating a new entity, NewCo, with $450 million in seed funding. NewCo will concentrate on Bitcoin mining and staking, and ownership will be shared among Celsius' former customers and creditors.

Decrypt

Two New Funds

Standard Chartered's venture arm is partnering with Japanese financial services firm SBI Holdings to create an investment company with $100 million funding, aiming to invest in crypto startups.

Additionally, Lightspeed Faction, a blockchain-focused venture capital firm, is launching a new $285 million fund focused on early-stage projects.

The Block| CoinDesk