Others Join Coinbase In Case Against SEC

Arbitrum Unveils Phase 2 With Lower Fees, Stellar Launches Soroban Contracts

Welcome to Coinfeeds Daily Digest! Today we cover BlackRock having unveiled a tokenized, Ethereum-based BlackRock USD Institutional Digital Liquidity Fund, and Paradigm and the Crypto Coincil having joined Coinbase in its court case against the SEC regarding its rulemaking for the industry. Furthermore, Stellar has finally launched Soroban smart contracts after 2 years of testing for more effective dApp development, and Arbitrum has rolled out its Phase 2 upgrade directly focused on reducing network fees. Also, Immutable and Polygon have partnered to launch a $100 million blockchain gaming fund.

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More Organizations Join Coinbase In Crypto Rules Case Against SEC

Coinbase Inc., along with its allies Paradigm and the Crypto Council for Innovation, has taken a stand against the U.S. SEC by challenging the regulatory body in court. The contention arises from the SEC's approach to treating crypto assets as traditional securities, a stance that Coinbase and its allies argue is fundamentally flawed. Despite Coinbase's request in 2022 for the creation of more concrete rules, the SEC has yet to comply, leaving the industry in a state of regulatory uncertainty. | Read More

BlackRock Creates Tokenized Fund On Ethereum

BlackRock has introduced a tokenized asset fund on the Ethereum blockchain, named the BlackRock USD Institutional Digital Liquidity Fund. Prior to this, the company had already made headlines by launching a bitcoin ETF and filing for an ether ETF. This launch is particularly noteworthy, as it comes amid speculation about the approval of spot Ethereum ETFs. | Read More

Immutable and Polygon Launch $100M Gaming Fund

Two major Ethereum scaling solutions, Immutable and Polygon Labs, have come together with venture capital firm King River Capital to launch a groundbreaking $100 million investment fund. Named the Inevitable Games Fund, this initiative has garnered support from notable backers including Abu Dhabi's Alpha Wave Ventures, among others. | Read More

Arbitrum Rolls Out 'Phase 2' Upgrade, Cuts Fees

Arbitrum has recently launched a significant upgrade referred to as 'Phase 2', marking a pivotal moment in its development. This upgrade, which includes the integration of the Dencun upgrade and the ArbOS 'Atlas', is set to drastically reduce gas fees on the network. Despite the reduction in fees, Arbitrum still faces stiff competition from other L2 solutions like Base and Optimism. | Read More

Stellar Launches Soroban Smart Contracts

The Stellar network has taken a significant leap forward with the introduction of Soroban on its mainnet. Soroban is a smart contracts platform that has been integrated into the Stellar network after two years of rigorous testing. It employs WebAssembly (WASM) for the deployment of smart contracts, enabling developers to create dapps with greater efficiency and flexibility. | Read More