Date: November 24, 2023
Macro/Traditional Finance (TradFi) Updates:
Fidelity's Ethereum ETF Filing: Fidelity joins others like BlackRock and Grayscale in seeking approval for an Ethereum ETF.
CoinShares Reports Continued Inflows: Digital ETPs mark an eighth week of inflows, led by Bitcoin and followed by altcoins like Solana and Ethereum.
Cryptocurrency and Blockchain Developments:
Ethereum's Blast Rollup Launch: New Paradigm-backed rollup with native yield for ETH and stablecoins attracts $290M in TVL.
Introduction of M2, Ethereum's Move VM-Based L2: Movement Labs launches M2, leveraging Celestia for data availability.
Bitcoin Surpasses Ethereum in Transaction Fees: The increase in fees was driven by a spike in Ordinals minting and trading.
Colony Lab's $10M Investment in Avalanche: Colony Lab aims at fostering network growth and development.
DeFi and Stablecoins Movements:
Pyth Network's Token Launch: Over 250M tokens distributed in an airdrop to about 90,000 wallets.
Tether's Largest-Ever Freeze: $225M worth of USDT frozen amid a U.S. DoJ investigation into human trafficking.
NFT Sector and Other Notable Highlights:
Blur's Season 3 Token Airdrop: 300M tokens distributed, with Season 4 set to integrate with the new L2, Blast.
CoinDesk's Acquisition by Bullish Exchange: This is a significant move in the crypto media landscape.
Panoptic's $7M Seed Round: Panoptic aims at developing its perps platform before a 2024 Ethereum mainnet launch.
OMTrade and Saga's Seed Fundings: OMTrade secures $6M and Saga raises $5M for a gaming-focused L1 ecosystem.
Zeal Wallet's Undisclosed Funding Round: Enhancing its Web3 and DeFi-focused wallet services.
Check out our latest publications:
Decoding Cross-Chain Interoperability
Data Insights: Exploring Crypto Fundraises
State of the Market: Turkey's Crypto Landscape
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