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Daily #Web3 Market

21 Jun 2024:


Bullish sign for Ethereum as exchange balances drop

This week has been eventful for Ethereum, with the launch of spot ETH ETFs imminent by the end of summer. The SEC has closed its long-running investigation into Ethereum 2.0, determining that the sales of ETH did not constitute securities transactions. The June 19 decision is a culmination of a streak of good news. Read more


Public companies adopting Bitcoin as treasury asset see shares soar

Examining the share price performance of publicly traded companies that have adopted Bitcoin as a treasury asset, excluding mining companies, the most notable example is MicroStrategy. The share price soared from around $130 in August 2020 to $1,300 by March 2021. Read more


Canada’s 3iQ Files to List Solana ETP in Toronto

3iQ has filed to list a new Solana ETP on the Toronto Stock Exchange. The Solana product, QSOL, seeks to provide shareholders with staking yield accrued from the Solana network. Read more


Crypto for Advisors: Crypto Trends

The digital asset market has begun transitioning from early adoption to mass adoption. Industry leadership, product development, and fiduciary commitment have seen a sea change, sweeping crypto in 2023 and early 2024. Read more


Telegram Is Crypto’s Adoption Machine

Telegram is onboarding the masses and ushering in a new era for public blockchains, according to David Zimmerman, a research analyst at K33 Research. Read more


Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting

Fireblocks has added ‘one-click’ audits and tax reporting, integrating with accounting software like QuickBooks, Xero, and NetSuite. Read more


Michael Saylor’s MicroStrategy Acquires 11.9K More Bitcoin for $786M

MicroStrategy acquired 11.9K more Bitcoin for $786M, bringing its total holdings to 214,400 bitcoins worth about $14 billion. Read more


First Mover Americas: Crypto Assets Rally With BTC Returning to $66K

The latest price moves in Bitcoin and crypto markets are in context for June 20, 2024, as detailed in CoinDesk’s daily newsletter First Mover. Read more


Swiss National Bank and SDX Delve Deeper Into CBDCs, Tokenized Securities

Project Helvetia’s next two-year phase will see more financial institutions and transaction types joining in. Read more


VanEck’s Spot Bitcoin ETF Goes Live on Australia’s Biggest Stock Exchange

VanEck’s Bitcoin ETF, the first spot bitcoin exchange-traded fund on the Australian Securities Exchange, debuted on Thursday. Read more


Marathon’s Layer-2 Chain, Anduro, Plugs In ‘Portal to Bitcoin’ for Atomic Swaps

Marathon has begun incubating Anduro, a platform built on the Bitcoin network allowing for the creation of multiple sidechains. Read more


Bitcoin, Crypto-Related Stocks Are Ripe for Institutional Adoption: Bernstein

Spot bitcoin ETFs are expected to be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said. Read more


Arbitrum daily revenue surges 16,500% after LayerZero’s ZRO launch

LayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue. Read more


Bitwise’s latest Ethereum ad can be minted as an NFT

Proceeds from the NFT mints are being paid to Protocol Guild, a collective funding mechanism created by Ethereum core contributors and the ad’s two actors. Read more


Solana ETF in the works: 3iQ files for new ETP in Canada

3iQ has filed to list a new Solana ETP on the Toronto Stock Exchange. The Solana product, QSOL, seeks to provide shareholders with staking yield accrued from the Solana network. Read more


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