BlackRock's Bitcoin ETF Now Welcomes Wall Street
Cambridge Says ETH Uses 28x Less Energy Than Amex, Celestia Integrates With Polygon, SSV Launches Mainnet
Welcome to Coinfeeds Daily Digest! Today we cover BlackRock amending their spot Bitcoin ETF to make access easier for Wall Street and traditional banks, Coinbase unveiling an Abu Dhabi-regulated platform on Base that will help bring TradFi assets on-chain, and El Salvador is confident they will sell out the newly opened Bitcoin "Freedom Visa" by end of year. In product news, Polygon is launching a sustainability dashboard to track the impact of blockchain tech on the environment, Celestia is to integrate its data availability layer with the Polygon CDK as the company is now partners with Polygon, and Starknet is introducing "Devonomics" — a program that will reward ecosystem developers with a slice of network operator fees, starting with distribution of $3.5M in fees.
Market Update
News
BlackRock's Bitcoin ETF Amendment Welcomes Wall Street
BlackRock, the world's largest asset manager, has updated its application for a spot bitcoin exchange-traded fund (ETF), introducing a mechanism that could attract Wall Street banks to become more involved in the digital assets space. | Read More
Coinbase to Bring TradFi On-Chain With Project Diamond
Project Diamond is a platform that enables the issuance and trading of digital debt instruments. These instruments are designed to function on Base, Coinbase's Ethereum scaling network, tailored for institutional investors, providing them with the means to operate within the blockchain ecosystem. | Read More
Polygon Labs Launches Sustainability Dashboard
Polygon Labs has unveiled a new sustainability dashboard in a significant move towards environmentalism. Developed in partnership with the Crypto Carbon Ratings Institute, this tool is designed to shed light on the environmental footprint of Polygon. | Read More
El Salvador Expects To Sell Out Bitcoin Visas By EOY
The government of El Salvador has set a cap of 1,000 citizenship slots per year, and they are confident that these will be fully allocated by the end of 2023. This confidence is bolstered by the recent rebound in El Salvador's bond market and the strengthening status of Bitcoin in the market. | Read More
Cambridge: Ethereum Uses 28x Less Energy Than American Express
A recent study by the University of Cambridge has revealed that Ethereum's energy consumption is significantly lower than some traditional financial services and corporate businesses. This news comes on a positive note for those concerned about the environmental footprint of crypto. | Read More
KuCoin Settles for $22M with NYAG, Exits New York
KuCoin has settled with the New York Attorney General's office, resolving allegations of operating without proper registration and violating securities laws. The settlement requires KuCoin to pay a total of $22 million, which includes both fines and refunds to affected customers. | Read More