🌙 Weekly Crypto Roundup - Nov 12

Grayscale Chainlink Trust Gains 200%, Immutable Attracts Disney and Square Enix, ETH ETF Possible Approval

Author

Mike Gavela
November 12, 2023

Weekly Crypto Roundup - Nov 12

Grayscale's Chainlink Trust shares, GLINK, have skyrocketed to a 200% premium over the spot LINK market, propelled by LINK's price more than doubling amid the crypto market's recovery. Meanwhile, the Ethereum scaling team Immutable is garnering interest from web3 games, including Disney and Square-backed projects, for its upcoming Polygon-powered Layer 2 rollup, Immutable zkEVM. Bloomberg analyst Eric Balchunas anticipates the SEC's likely approval of a spot Ether ETF, following Ether futures ETFs' approval, but points to a subdued demand compared to Bitcoin ETFs. The approval of an Ether ETF could be on the horizon, trailing a potential Bitcoin ETF introduction by mid to late 2024. These developments highlight the dynamic growth and increasing institutional interest in the cryptocurrency and blockchain sectors.

Top Stories:

  • Grayscale Chainlink Trust Gains: GLINK shares in Grayscale’s Chainlink Trust have surged to a 200% premium, driven by a significant rise in LINK’s price and increased total value locked in GLINK.

  • Immutable Attracts Gaming Titles: Ethereum scaling team Immutable has attracted new gaming projects for its upcoming Immutable zkEVM, including Disney and Square-backed games, reflecting growing blockchain integration in gaming.

  • ETH ETF Prospects Discussed: Bloomberg analyst Eric Balchunas anticipates possible SEC approval for a spot Ether ETF, following approval of Ether futures ETFs, but notes subdued demand compared to Bitcoin ETFs.

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TOP STORIES

Grayscale Chainlink Trust Shares Rocket To 200% Premium - The Defiant

Shares in Grayscale's Chainlink Trust surged to a 200% premium over LINK as Chainlink's price doubled in three weeks.

thedefiant.io/grayscale-chainlink-trust-shares-rocket-to-200-premium

Disney And Square-Backed Games Tap Immutable And Polygon For Ethereum Scaling - The Defiant

More than a dozen GameFi projects have pledged to build on Immutable zkEVM, a forthcoming Polygon-powered Layer 2.

thedefiant.io/disney-and-square-backed-games-tap-immutable-and-polygon-for-ethereum-scaling

"I Don't See a Reason for the SEC to Deny the ETH ETF," said Bloomberg Analyst Eric Balchunas - The Defiant

Bloomberg ETF analyst Eric Balchunas said he sees no reason for the SEC to reject the Ethereum ETF.

thedefiant.io/i-don-t-see-a-reason-for-the-sec-to-deny-the-eth-etf-bloomberg-analyst-eric-balchunas

FUNDRAISES

OTHER HEADLINES

Cardano Blockchain Plans to Adopt Polkadot's Substrate Framework - The Defiant

Cardano plans to use Polkadot's Substrate framework for the development of its upcoming "partner chain" initiative.

thedefiant.io/cardano-blockchain-adopts-competitor-polkadot-s-framework

Tron Quietly Becomes the Leading Blockchain for Stablecoin Transfers - The Defiant

Emerging markets are pushing Tron to become the top blockchain for USDT and other fiat-backed stablecoin transfers.

thedefiant.io/tron-quietly-becomes-the-leading-blockchain-for-stablecoin-transfers

Bank of England Unveils Stablecoin Rules - The Defiant

BoE Will Oversee GBP Stablecoins With FCA Regulating Broader Crypto Market

thedefiant.io/bank-of-england-unveils-stablecoin-rules

Coinbase Launches On-Chain KYC Verification to +100M Users - The Defiant

Crypto exchange Coinbase introduced Coinbase Verifications, allowing over 100M users to attest to account and country credentials on-chain, the company said on X.

thedefiant.io/coinbase-launches-on-chain-kyc-verification-to-100m-users

Arbitrum Community Greenlights Staking Mechanism - The Defiant

ARB holders voted in favor of launching a 12-month staking campaign funded by treasury assets.

thedefiant.io/arbitrum-community-greenlights-staking-mechanism#:~:text=The%20Arbitrum%20community%20passed%20a,an%20allocation%20of%20100M%20tokens.

Crypto Critic Nouriel Roubini is Launching a Token - The Defiant

Economist and famous crypto critic Nouriel Roubini is launching the Atlas Climate Token, a stablecoin backed by a portfolio of liquid assets.

thedefiant.io/crypto-critic-nouriel-roubini-is-launching-a-token

dYdX Doubles Down on Decentralization - The Defiant

dYdX Chain to Reward Stakers in $USDC On Its New Native App-Chain

thedefiant.io/dydx-doubles-down-on-decentralization

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