🦎🚀 To 40K and beyond!

Monday, December 4, 2023

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BTC Hits 40K!

Bitcoin surged past $40,000 during the weekend, showcasing a swift rebound in its value based on CoinGecko's data.

The upward trend in Bitcoin's price reflects growing enthusiasm for an anticipated approval of a Bitcoin spot exchange-traded fund (ETF) in the US. Several companies have applied to operate these funds, with the SEC engaging in meetings with select firms.

In other news, Arbitrum DAO approves an additional $23 million 'backfund' for projects lacking initial grants, the launch of Jupiter's live airdrop eligibility checker, and Zodia Custody's integration into Metaco's network for global sub-custodian services.

Read on!

24h Hot Searches Worldwide 🔥

Baby Doge Coin (+10.4%)
Bitgert (-13.9%)
Tectum (+0.9%)
Bonk (+29.8%)
Celestia (+6.4%)
Syscoin (+17.4%)
Solcasino Token (-2.4%)

Who is Lobbying For Crypto in the US This Year?

10 crypto companies account for a disproportionate 53.9% of the industry's US lobbying spend this year.

This includes Coinbase, Binance, Kraken, and Ripple, which have all been under recent regulatory scrutiny.

Where is bitcoin's price going? Find out what the institutions and analysts are predicting in this video!

Watch now!

Another Round of Grants

The Arbitrum DAO voted 2-1 to allocate 21.1 million tokens ($23.5 million) to 26 additional projects under the Short-Term Incentive Program (STIP).

Among these projects, Gains Network (GNS) secured the largest grant of 4.5 million tokens ($5 million), followed by Stargate Finance (STG) and Synapse (SYN), each receiving 2 million tokens ($2.2 million) and Wormhole with 1.8 million tokens ($2 million).

The Block

Jupiter Airdrop Eligibility

The Solana-based DeFi aggregator, Jupiter, has unveiled more details for users regarding their share of the 4 billion total JUP tokens available.

Jupiter's website now hosts a live portal enabling users to link their wallets and find out the amount of JUP tokens they'll receive. However, the timeline for the actual claiming process remains unspecified.

Decrypt

Rise Of Custody Providers

Zodia Custody, supported by Standard Chartered, announces its integration into Metaco's network, which is owned by Ripple.

This network specializes in the secure storage and settlement of digital assets for global institutions, aiming to eliminate counterparty risk.

The popularity of crypto storage and settlement networks has surged, especially after the industry turbulence witnessed last year with the collapse of firms like FTX.

CoinDesk

Crypto bankruptcy claims allow creditors to potentially recoup losses by selling their claims to other parties, offering an alternative to waiting for bankruptcy proceedings to conclude.

Learn about crypto bankruptcy claims and 3 platforms that aim to increase liquidity and efficiency in claims trading to benefit both claim holders and potential buyers.

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