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Major Crypto News Nov. 17th
- Fidelity files for ETH spot ETF, highlighting investor protection.
- Worldcoin price drops after CEO Altman's exit from OpenAI.
- FTX creditors offered up to 65% payout (a 30% rise) amid recovery.
- SEC delays Global X and Franklin Bitcoin spot ETF decisions.
- SEC postpones Hashdex Ethereum ETF decision to 2024.
- Republic selects Avalanche for Republic Notes (digital asset based on 750+ assets).
- EigenLayer's second mainnet phase set for early 2024 to enhance Ethereum.
- Evmos to enable ERC-20 compatibility for Cosmos tokens.
SEC delays Global X's spot Bitcoin ETF application
Update: SEC delays also Franklin Templeton's spot Bitcoin ETF application
CME Options saw Record-High
- Derivatives trading on CME surged by 73.5% to $57.4 billion.
- BTC futures volume rose 73.4% to $44.1bn, ETH futures up 60.6% to $10.2bn.
- BTC and ETH options on CME surged by 142% and 107% respectively, hitting $1.75bn and $532M.
Note: Institutional interest in BTC and ETH is on the rise in the new market cycle.
Major Crypto News Nov. 16th
- Coinbase Unveils Onchain Payment Protocol for Enhanced Crypto Payments on Commerce Platform.
- Aave Companies Rebrands as Avara and Acquires Web3 Startup Los Feliz Engineering.
- Polygon Network Sees Record Transactions and Spike in Gas Fees Due to PRC-20 Token Activity.
- BlackRock Files for iShares Ethereum Trust, a Spot Ethereum ETF with the SEC.
- CoinShares Secures Option to Acquire Crypto ETF Assets from Valkyrie Investments.
- Taproots Wizards Raises $7.5M for Bitcoin Ordinals Project, Led by Standard Crypto.
- Jupiter on Solana Launches Retrospective Token Airdrop for Early Users (950,000 wallets).
Note: To be eligible for the first Jupiter Airdrop round, you needed to have a minimum of $1000 in swap volume.
Major Crypto News Nov. 15th
- New York Financial Regulator Enhances Oversight on Crypto Token Listings and Delistings.
- SEC Delays Decision on Hashdex’s Bitcoin and Ethereum Futures ETFs Conversion to Spot ETFs.
- Binance and Gulf Energy Set to Launch Crypto Exchange in Thailand in Early 2024.
- Commerzbank Wins Crypto Custody License in Digital Assets Push.
- Paxos to Launch New USD-Backed Stablecoin in Singapore, Receives Regulatory Approval.
- Mainstream Companies (like NHL) Shift Away from 'NFT' Branding, Opt for 'Digital Collectibles'.
- South Korea's National Pension Service Invests $19.9M in Coinbase Shares.
- PancakeSwap Debuts Gaming Marketplace with Web3 Integration.
Major Crypto News Nov. 14th
- OKX and Polygon Labs Launch X1 Layer 2 Testnet with OKB as Native Token.
- Delaware Authorities Refer Fake BlackRock XRP Filing Authors to Law Enforcement.
- Blockchain,com Raises $110M in Series E Round Led by Kingsway Capital.
- Standard Chartered SC Ventures Launches Tokenization Platform 'Libeara' for RWAs.
- Crypto,com Secures Virtual Assets Service Provider License in Dubai.
- Disney Partners with Dapper Labs to Launch Disney Pinnacle, a Digital Pin NFT Platform.
- dYdX Chain Enters Beta Mainnet Stage, Enabling Active Trading on Cosmos-Based Layer 1.
Update CPI:
CPI Y/Y: 3.2%
CPI M/M: 0.0%
Core Y/Y: 4.0%
Core M/M: 0.2%
Layer Zero Labs Introduced Today VerifiedUSD ($USDV)
- A 1:1 pegged omnichain stablecoin backed by short-term treasuries and repos.
- $USDV launches today on Ethereum, Avalanche, Binance Smart Chain, Optimism, and Arbitrum.
- It utilizes ColorTrace, an innovative algorithm by LayerZero Labs, for on-chain attribution.
- $USDV introduces a novel way to distribute rewards from stablecoin assets, fostering ecosystem growth.
- $STBT, with daily rebasing to $1, distributes yield rewards from underlying assets.
- $USDV prioritizes on-chain transparency and auditability, offering Proof-of-Reserve (PoR) via Chainlink.
Market Data for This Week
Monday
- US - OPEC Report
Tuesday
- US - CPI Inflation (OCT)
- UK - Employment Report (OCT)
- CN - Industrial Production (OCT)
- JP - GDP (Q3)
Wednesday
- US - Retail Sales (OCT)
- US - PPI Inflation (OCT)
- US - NY Empire State Manf. Index (NOV)
- UK - CPI Inflation (OCT)
Thursday
- US - Philly Fed Manf. Index (NOV)
- US - Import Export Price Index (OCT)
- CA - Housing Starts (OCT)
Friday
- US - Housing Starts (OCT)
- US - Building Permits (OCT)
- UK - Retail Sales (OCT)
- EU - CPI Inflation (OCT)
Crypto Week ahead Watchlist
- Nov. 17: Another deadline for SEC's decision on spot BTC ETFs.
- Nov. 17: $22.6M of APE tokens unlocked, primarily allocated to the team & contributors.
- Perpetual DEXs saw increased trading volume and revenue due to recent volatility (Sector to Watch!).
- Nov. 14th: Polygon (MATIC) to announce major news.
- Vela (VELA) launching a 90k $ARB reward trading competition, its biggest event.
- CAKE's vCAKE veTokenomics Upgrade coming this month.
Update Sector Overview
Today we have published the first Sector Overview for CryptoBullets members.
More reports and overviews will follow!
If you join us today you will have the opportunity to receive this report and much more.
Get it here: @cryptobullets_bot
Don't miss your chance to get an overview of growing and emerging crypto sectors.
Being early has always been rewarded in the crypto space.
Thanks,
The Alchemic One (TAO)
As of Yesterday, Digital assets have attracted over $1Bn in inflows this year, signaling a positive shift in sentiment.
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Major Crypto News Nov. 9th
- BlackRock Confirmed to be Developing Spot Ether ETF: iShares Ethereum Trust.
- UBS Group Enables Trading of Crypto-Linked ETFs for Wealthy Clients in Hong Kong.
- Roblox CEO Envisions Future Interoperability with NFTs on the Platform.
- FTX Token (FTT) Surges Over 80% Following SEC Chair's Comments on Potential Reboot.
- Crypto Lender Celsius Makes its way out of Bankruptcy Following Judge's Order.
- Circle Launches v2.2 Upgrade for USDC and EURC Stablecoins.
- EROCU & Kraken Assist in Returning £1.9M in Stolen Cryptocurrency to Victims After 2018 IOTA Scam.
- Lightspeed Faction Launches $285M Inaugural Fund for Early-Stage Crypto and Blockchain Startups.
- Standard Chartered's SC Ventures and SBI Holdings to Invest $100M in Crypto Startups.
- Polygon Labs Launches Polygon Village 2.0 with $91.3M Grant Program for Ecosystem Growth.
Ethereum Spot ETF?
- iShares Ethereum Trust registered in Delaware.
- Similar to BlackRock's iShares Bitcoin Trust registration timeline (7days before filed the ETF application with the SEC).
- Suggests a potential ETF application filing with the SEC in the near future.
Security Alert
Possible Vulnerability Detected on Trader Joe DEX. Users advised to avoid trading and transactions until the team can solve it.
BTC Spot ETF
Today is another dealine for some BTC Spot ETF decisions.
So expect news on this soon.
Extra Note:
Currently the BTC price reacted to the rumor that the SEC's Trading & Markets division has engaged with exchanges regarding spot bitcoin ETFs (19b-4s) and is advising them to use cash creates instead of in-kind creates.
For understanding: Cash creates are preferred because broker dealers 'cannot' directly deal in bitcoin.
We are preparing surprises for you.
If you have Telegram Premium you can support us and boost CryptoBullets.
You can boost us here: /channel/cryptoBLTS?boost
Thanks,
The Alchemic One (TAO)
p.s: Be sure to turn on your notifications.
You don't want to miss what's coming next week.
Trust us. You really don't want to miss it 🙂
BlackRock has officially filed for a spot Ethereum ETF with the U.S. Securities and Exchange Commission.
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SEC delays Hashdex's application to convert from a Bitcoin futures ETF to an ETF that hold both futures and spot.
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First Bitcoin Move
Congratulations to all TL;DR readers who prepared themselves after the last issue on Sunday.
Now, we'll see where it goes from here and whether the patterns repeat themselves.
The most important thing is that you were prepared for this kind of BTC move and have been able to protect your positions since Sunday.
More updates to come.
Thanks,
The Alchemic One (TAO)
p.s.: Turn on your notifications. There may be a few surprises in the coming weeks for everyone : )
U.S. CPI in 25 mins
Forecast:
CPI Y/Y: 3.3%
CPI M/M: 0.1%
Core CPI Y/Y: 4.1%
Core CPI M/M: 0.3%
Major Crypto News Nov. 13th
- Aave resumes normal operations after security vulnerability fix.
- Bithumb plans IPO in South Korea in H2 2025.
- Fnality raises $95M in funding led by Goldman Sachs and BNP Paribas.
- Fake BlackRock filing causes temporary XRP price surge.
- Crypto industry pushes back against proposed regulations on broker reporting.
- Cboe to launch Bitcoin and Ether margin futures in January.
- Terraform Labs acquires Pulsar Finance for cross-chain analytics.
- Aave launches Lens Protocol V2 for enhanced social experiences.
- Ondo Finance collaborates with Axelar for cross-chain tokenization.
It seems that an iShares XRP Trust has been registered in Delaware.
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Digital Asset Fund Flows - Weekly
- Received $293M in inflows last week, totaling over $1Bn in the past 7 weeks.
- Total assets under management (AuM) increased by 9.6% in the last week and 99% since the beginning of the year.
- Ethereum received $49M in inflows and Solana had $12M.
- Blockchain equity ETFs saw $14 million in inflows, the highest since July 2022.
A Crypto Storm Could be on the Horizon
Indicators are pointing towards the potential direction we may soon follow.
We show you what the data tells us.
Additionally, we have a lot of updates for you this week.
They will assist you in making better informed decisions.
Don't miss the new CryptoBullets TL;DR issue.
Get it here: @cryptobullets_bot
And Enjoy your Sunday!
Thanks,
The Alchemic One (TAO)
P.S.: Congratulations to all those who seized the opportunity and utilized the information from the TAO Portfolio Tracker. You should now have a new Portfolio All-Time High : )
DeFi Developments of The Week
- Radiant Capital launched cross-chain money market on Ethereum mainnet
- Arbitrum's ARB ecosystem incentives have started, and ARB staking proposal approved by DAO
- Polygon Labs and Near partnering for ZK prover for Wasm chains
- Velodrome released Relay incentive engine for veVELO lockers
- AAVE paused Aave V2 Ethereum market due to critical vulnerability, proposal for fix made
- Uniswap DAO voted for Uniswap V3 deployment on Scroll
- Lido Finance approved SSV Network's distributed validator technology module for diversification
- Notional Finance released Notional V3 fixed-rate lending protocol on Arbitrum
- Jupiter Exchange launched novel perpetual DEX on Solana, similar to GMX
Poloniex wallet seemingly drained of $18.5M in cryptocurrency.
Update: More than $63M so far.
Update2: More than $100M now.
BlackRock Eth ETF confirmed in Nasdaq filing.
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- CME Futures Open Interest achieves a historic milestone.
- Surpasses 100,000 BTC for the first time ever.