Coinbase Urges SEC To Approve Ethereum ETF
First Blockchain-Validating Soccer Team, DCG Challenges Genesis Settlement With NY, Circle STARKs Have Arrived
Welcome to Coinfeeds Daily Digest! Today we cover Digital Currency group calling its subsidiary Genesis' settlement with New York 'subversive' and arguing that the settlement favors certain parties and violates bankruptcy laws, and a risk management firm Gauntlet terminating its 4-year partnership with Aave over its concerns about inconsistent guidelines and objectives, which is now looking for a replacement partner. We also cover Paris Saint-Germain, the first soccer team to become a blockchain validator, which has chosen the Chiliz Chain, as well as Polygon and StarkWare touting the newly released Circle STARKs as a breakthrough for zero-knowledge proofs that will further address and help with the current limitations of Ethereum L2 networks. Furthermore, Ronin has added the Kaidro RPG after the launch of the Pixels token, and Coinbase is urging the SEC to approve the listing of Grayscale's proposed spot Ethereum ETF.an.
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Coinbase Urges SEC to Approve Grayscale’s Spot Ethereum ETF
Coinbase's Chief Legal Officer, Paul Grewal, spearheaded the submission to the SEC, providing a comprehensive argument that includes legal, technical, and economic justifications for the approval of the spot ether ETF. A key point in Grewal's argument is the classification of Ethereum as a commodity, rather than a security. | Read More
Polygon and StarkWare Say Circle STARKs Are a ZKP Breakthrough
A groundbreaking collaboration between Polygon Labs and StarkWare has emerged, introducing a new cryptographic proof known as 'Circle STARKs.' This innovative technology aims to revolutionize how transactions are processed on Ethereum's layer-2 networks, promising to make them faster and more cost-effective. Circle STARKs aim to accelerate the proving process for rollups, thereby making transactions faster and reducing costs. | Read More
Paris Saint-Germain is First Soccer Team to Validate a Blockchain
Paris Saint-Germain (PSG), the renowned French soccer club, has announced its new role as a network validator for the Chiliz Chain blockchain. This initiative marks PSG as the first soccer team to delve into blockchain validation. It sets a precedent for how sports teams can engage innovatively with digital technologies and their fanbases. | Read More
DCG Calls Out Genesis' Settlement With NY as 'Subversive'
The dispute originates from a settlement agreement between Genesis and the New York attorney general, intended to address allegations of investor fraud. According to DCG, the settlement's terms unfairly favor certain creditors over others, thereby violating established bankruptcy laws. This accusation suggests that the settlement could be seen as a ‘subversive arrangement’. | Read More
Risk Manager Gauntlet Ends Relationship with Aave
Gauntlet, a blockchain risk management firm, has announced the termination of its relationship with Aave, a leading decentralized lending platform. This decision marks the end of a four-year partnership that saw Gauntlet serve as a 'Risk Steward' for Aave, providing essential risk management services to the platform's DAO. | Read More
Ronin Adds Kaidro RPG Following 'Pixels' Token Launch
Sky Mavis, the innovative team behind the Ronin blockchain and the popular game Axie Infinity, has announced their latest project, Kaidro. Originally planned for Immutable X, Kaidro has found its home on Ronin, promising a unique gaming experience exclusive to this platform. PIXELS, another game that has captivated players on the Ronin network, combines the charm of classic games like Harvest Moon and Animal Crossing with modern crypto elements. | Read More