SEC Seeks Public Comment On Ether ETFs
Coinbase To Integrate Lightning With Lightspark, UK's Setting Up Digital Securities Sandbox
Welcome to Coinfeeds Daily Digest! Today we cover the SEC opening its inbox again for public comments with a deadline of May 24th regarding Ethereum ETFs ahead of its decision, and the UK regulators are looking to open the first cohort of their Digital Securities Sandbox (DSS) in Autumn this year. Coachella is launching an Avalanche-based NFT quests blockchain game to try and bring more engagement, Coinbase is setting up with Lightspark to integrate Bitcoin Lightning, and Minecraft/Roblox-like Ethereum game Hytopia is nearing its Beta launch following an $8 million node sale. Also, the cross-chain platform Wormhole's W token airdrop has invited a number of scammers and spoof tokens that caused a W price drop.
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SEC Asks For Public Comment On Ethereum ETF Proposals
The SEC has recently made headlines by inviting public comments on three proposed spot Ethereum ETFs from notable financial institutions, including Fidelity, Grayscale, and Bitwise. This move is a crucial step in the regulatory process that could potentially lead to the approval of these ETFs, marking a significant development in the market. | Read More
Coachella Launches Avalanche NFT Quests Game
The Coachella Valley Music and Arts Festival, known for its eclectic mix of music, art, and cultural experiences, has taken a leap into the future of event engagement by introducing Coachella Quests. This blockchain-based game, developed in partnership with Avax’s Ava Labs, merges the physical thrill of the festival with the cutting-edge world of web3 technology. | Read More
Coinbase to Integrate Bitcoin Lightning with Lightspark
Coinbase's decision to integrate the Bitcoin Lightning Network through Lightspark is a strategic move to enhance its customer experience by offering instant, cheaper transfers. Lightspark brings to the table an enterprise-grade platform that simplifies the complexity of managing a Lightning node, which is essential for facilitating transactions on the Lightning Network. | Read More
Minecraft-inspired Ethereum Game Hytopia Nears Beta After $8M Node Sale
The gaming world is on the brink of a significant evolution with the upcoming beta launch of 'Hytopia', a sandbox game that draws inspiration from popular titles like Minecraft and Roblox. The game recently completed a successful funding round, raising over $8 million through the sale of nodes on its Ethereum layer-2 network, Hychain. | Read More
UK Regulators Target Autumn For Launch Of Digital Securities Sandbox
Bank of England and the FCA have earmarked autumn 2024 as the earliest start date for the first cohort of participants in the DSS. This timeline underscores the meticulous planning and preparation involved in ensuring the digital securities sandbox's success. The focus of the DSS will be on facilitating the use of blockchain and other technologies for the trading and settlement of digital securities, except those unbacked. | Read More
Wormhole's $850M Airdrop Attracts Scammers
The Wormhole platform launched an airdrop of its governance token, W, with an initial valuation of $3 billion. This massive airdrop, which distributed 674 million W tokens valued at approximately $850 million, quickly became the center of attention not only for crypto enthusiasts but also for scammers and hackers looking to exploit the hype surrounding the event. | Read More