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⌐◪-◪ → The SEC just approved 9 spot Ethereum ETFs, and trading is already live!

This is a huge win for crypto and suggests other crypto ETFs (like Solana) might come soon. For context: Ethereum ETF approvals came 6 months after Bitcoin ETFs.

Shoutout to Bitwise for publishing their Ethereum holding addresses (ETHW) and setting ENS subnames (ethw.bitwise.eth). Now, anyone can verify Bitwise’s holdings in real-time.

This transparency is exactly what TradFi needs and only crypto can provide. Non-crypto ETFs can’t prove their holdings trustlessly in real-time—they force us to trust auditors and statements. Dumb.

Hopefully, other providers will follow suit, but I guess it doesn’t matter considering Arkham already identified their holding addresses.

⌐◪-◪ → Hamilton Lane, an asset manager with over $920B under management, is making its senior private credit fund available on the Solana blockchain.

This will make them the first asset manager to launch a fund on Solana.

This is a big deal because it makes alternative assets (like private credit) way more accessible. With that said, there are still certain restrictions in place like accredited investor checks and minimum check sizes — so it’s not perfect.

It will be interesting to see how much incremental capital the fund receives now that it is available on-chain. If it’s significant, then get ready for a mad rush of other alternative asset RWAs from Hamilton Lane and other managers.

⌐◪-◪ → Atari, one of the world’s most iconic gaming companies, just launched an “On-Chain Arcade” on Base.

Check it out → arcade.fun

The project was done in collaboration with Coinbase and Stack, a Bitcoin layer 2 scaling solution.

Gamers can already mint, play, and compete with each other in one of the most classic games of all time, Asteroids.

The company plans to roll out more games soon. I hope they add Pong next.

Idk about you guys, but I’m definitely going to play a few rounds today, which would make this my first real foray into web3 gaming. Exciting.

See you losers on the leaderboard.