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  • 11/16/23: BlackRock Likes $ETH 🗿🇹🇭🏦

11/16/23: BlackRock Likes $ETH 🗿🇹🇭🏦

Top News

  • 🗿 BlackRock officially files its S-1 for a spot Ethereum ETF

  • 🇹🇭 Binance to launch crypto exchange in Thailand

  • 🏦 JP Morgan is using an Avalance subnet for tokenized assets

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⌐◪-◪ → This shouldn’t come as a surprise given the fact that we saw BlackRock register an Ethereum Trust in Delaware last week. However, this S-1 filing makes BlackRocks’s intentions to launch an Ethereum ETF (even more) official. The worlds largest asset manager is now pushing for both Bitcoin and Ethereum to be brought to the masses. The next bull is going to be crazy.

⌐◪-◪ → Binance has partnered with Sarath Ratanavad, Thailand’s 2nd richest man and the CEO of Gulf Energy, to launch their exchange in the Thailand. The exchange will initially be open to users by invitation only, with plans to open to the general public in early 2024. Binance may be facing legal troubles in the US, but this move helps solidify their position as the world’s largest crypto exchange.

⌐◪-◪ → JP Morgan and Apollo Global just unveiled a proof-of-concept with Avalanche under the Monetary Authority of SIngapore’s Project Guardian. While this is just a proof-of-concept, it’s still a big win for Avalanche, who already has a parntership with Citibank, and the industry as a whole. JP Morgan is innovating for the entire TradFi industry to follow.

Peripheral Vision

⛓️ Crypto & DeFi

  • Nocturne launches on mainnet, bringing private accounts to Ethereum

  • PancakeSwap launches gaming marketplace

  • Solana denies ‘security threat’ to Saga phones following CertiK video

  • iPhone app sideloading could increase risk of crypto phishing attacks

🏦 Wallstreet & VC

  • Union Labs raises $4M to develop a ZK-powered cross-chain bridge

  • WonderFi’s subsidiary Bitbuy acquires Bitvo.com trading platform

  • CoinFund co-leads $14M Series A for asset manager Superstate

  • Circle Ventures invests in Sei to expand the USDC ecosystem

  • BlackRock considers tether a risk for its Bitcoin ETF

🏛️ Legal & Regulatory

  • SEC delays decision over conversion of the Hashdex BTC ETF

  • Tether and Bitfinex avoid facing appeal in class action, Tether claims

  • Lawmakers want Biden to address crypto’s role in financing Hamas

  • New York issues guidance on listing/delisting tokens on exchanges

  • Judge denies motion by FTX lawyers to delay the bankruptcy process

  • CTFC Chair says “we don’t have the authority to prevent another FTX”

🌎 Rest of the World

  • South Korea's National Pension Service invested $20M in Coinbase

  • Paxos receives preliminary approval for digital payments in Singapore

  • Dubai’s head of crypto regulations to quit to 'pursue other interests'

  • Singapore Central Bank to start 'live' wholesale CBDC trials

  • Do Kwon's appeal in Fake Passport case denied by Montenegro courts

  • Philippines to sell tokenized treasury bond next week

  • Hong Kong gaming company seeks approval to buy $100M in crypto

🖼️ NFTs & Metaverse

  • NHL uses the term “collectibles” instead of “NFT” on new project

  • Dairy Queen partners with NFT project Weirdo Ghost Gang for pop-up

  • Paris Saint-Germain and Blvck Paris collab on NFT fashion drop

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