Solana Up 20% in a Day, JPMorgan & Others Tokenize Funds
Solana Up 20% in a Day, JPMorgan & Others Tokenize Funds
First KYC'd Network on ETH Planned, BTC Options Market Bigger Than Futures
Welcome to Coinfeeds Daily Digest! Today we cover unique product and solution launches like PancakeSwap's new blockchain gaming marketplace and Nocturne's private accounts on Ethereum now in mainnet, Binance Japan planning to list 13 tokens, and the continuing developments in Delaware surrounding the fake BlackRock XRP ETF. We also cover Solana's 20% jump in one day as investors' fears of FTX sales calm, the first sighting of the crypto market's net capital inflow in 17 months, as well as JPMorgan, Apollo, Axelar, Oasis, and other institutions joining together to tokenize funds and experiments with the potential TradFi utility of blockchains. Additionally, El Salvador is still in red on its Bitcoin holdings, although the losses are getting more and more narrow.
Market Update
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Solana's SOL Token Jumps 20% In A Day As FTX Sale Concerns Calm
The market has witnessed a remarkable surge in the value of Solana’s token, which has seen a 20% increase in its price within a 24-hour period. The upturn in Solana's fortunes appears to be linked to the resolution of legal issues surrounding Sam Bankman-Fried, and his connection to the Solana ecosystem. | Read More
PancakeSwap Launches A Gaming Marketplace
PancakeSwap, a popular decentralized exchange, has recently expanded its offerings by launching a dedicated gaming marketplace. This new platform is a significant step for the company, as it invites game developers to integrate web3 elements, such as cryptocurrencies and non-fungible tokens (NFTs), into their games. | Read More
Crypto Sees Net Capital Inflow First Time In 17 Months
After a prolonged period of bearish trends and market skepticism, the cryptocurrency landscape is witnessing a significant shift. For the first time in 17 months, the crypto market has experienced a net capital inflow, signaling a potential resurgence of investor confidence and financial stability within the digital asset space. | Read More
JPMorgan and Apollo Tokenize Funds in 'Proof of Concept'
JPMorgan and Apollo have teamed up with several blockchain firms to showcase a new way of managing funds using blockchain technology. This collaboration is part of an initiative called Project Guardian, which is overseen by the Monetary Authority of Singapore. | Read More
Ethereum L2 rollups are 'gold standard’, Plasma still needs attention: Buterin
Rollups have been recognized as the "gold standard" for Ethereum scaling. Despite the success of rollups, Vitalik Buterin has called for a revisit of Plasma, a layer 2 solution that was once at the forefront of Ethereum's scaling efforts. | Read More
El Salvador with Bitcoin: Still In Red, But Losses Narrowing
The nation's foray into cryptocurrency investment has seen its fair share of ups and downs. Despite the initial losses, there is a glimmer of hope as the gap narrows. El Salvador's approach to managing its Bitcoin investment involves a strategy akin to dollar cost averaging, where the country buys one Bitcoin every day. | Read More
First KYC'd Layer-2 Network on Ether Planned at Startup Kinto As It Raises $5M
Kinto's initiative is to develop a layer-2 network that integrates KYC checks and investor accreditation mechanisms directly into the blockchain. This feature is a significant step forward in connecting financial institutions with DeFi protocols, allowing for a seamless and secure interaction between the two worlds. | Read More
Faux BlackRock XRP ETF: Won't Sway SEC's ETF Decision, Delaware Investigates
The Delaware Department of State, where the bogus filing was made, has taken the matter seriously. The department has referred the case to the Delaware Department of Justice for further investigation. The SEC's decision-making regarding the approval of Bitcoin ETFs is expected to remain unaffected. | Read More
Bitcoin Trading Shift: Options Market Overtakes Futures
The rise of the options market over the futures market is a sign of growing sophistication among Bitcoin traders. The flexibility of options allows for more strategic positioning and hedging, which appeals to traders looking to manage risk or speculate on price movements with more nuance than futures contracts allow. | Read More
Nocturne Protocol Launches Mainnet To Bring Private Accounts To Ethereum
Nocturne is a protocol that integrates privacy features directly into the Ethereum account layer. It functions in a way that's similar to a smart contract wallet but with a strong focus on privacy. Recently, Nocturne launched its long-awaited mainnet. | Read More