🌙 Weekly Crypto Roundup - Oct 29

Arthur Hayes Says BTC Is Rallying Over US Military Spending, Not ETF Hype

Author

Mike Gavela
October 29, 2023

Weekly Crypto Roundup - Oct 29

Arthur Hayes, BitMEX derivatives exchange co-founder, has attributed the recent cryptocurrency market rally to U.S. military spending rather than the anticipation of spot Bitcoin ETFs. In other developments, BlackRock, the world’s largest asset manager, is planning to seed its spot Bitcoin ETF this October, obtaining a CUSIP number, indicating preparation for a potential launch. Meanwhile, Polygon has successfully deployed its POL token on the Ethereum mainnet, marking a significant step in its “2.0” overhaul project aimed at creating an interoperable ecosystem of scaling solutions.

Top Stories:

  • Arthur Hayes on Crypto Rally: Hayes provides a unique perspective on the crypto market’s growth, linking it to U.S. military spending.

  • BlackRock's Spot Bitcoin ETF Plans: BlackRock's apparent preparation for launching its spot Bitcoin ETF adds to the growing anticipation.

  • Polygon’s POL Token Deployment: The successful deployment of Polygon’s POL token on Ethereum marks a crucial milestone in the project’s development.

TOP STORIES

Arthur Hayes Says BTC Is Rallying Over US Military Spending, Not ETF Hype - The Defiant

Arthur Hayes, the co-founder of BitMEX, attributed the recent crypto market rally to the threat of unending U.S. military expenditure, not spot Bitcoin ETF anticipation.

thedefiant.io/arthur-hayes-says-btc-is-rallying-over-us-military-spending-not-etf-hype

BlackRock Plans to Seed its Spot Bitcoin ETF in October - The Defiant

BlackRock said in it's latest S-1 amendment to the SEC it will provide initial funding for its BTC ETF in October.

thedefiant.io/blackrock-plans-to-seed-its-spot-bitcoin-etf-in-october

Polygon Deploys POL Token On Ethereum - The Defiant

Polygon launched its new POL token on Ethereum. The token will power Polygon's revamped staking layer, enabling restaking across its ecosystem.

thedefiant.io/polygon-deploys-pol-token-on-ethereum

FUNDRAISES

OTHER HEADLINES

Bitcoin Surges To 17-Month High Amid Spot Bitcoin ETF Progress - The Defiant

BTC jumped 15% in 24 hours as BlackRock spot Bitcoin ETF makes progress suggesting the fund's approval could be just around the corner.

thedefiant.io/bitcoin-surges-to-17-month-high-amid-spot-bitcoin-etf-progress

Teenage CEO Purchases ‘hello.app’ Web Domain for $115,000 - The Defiant

thedefiant.io/teenage-ceo-purchases-hello-app-web-domain-for-115000

Vodafone Partners With Chainlink To Demonstrate Blockchain’s Potential In Global Trade - The Defiant

Telecom Giant Vodafone's Digital Asset Division Becomes Chainlink Node Operator

thedefiant.io/vodafone-partners-with-chainlink-to-demonstrate-blockchain-s-potential-in-global-trade

LayerZero Deploys stETH Bridge Without Approval From Lido Governance - The Defiant

LayerZero has ruffled feathers in the Lido community by launching a bridge enabling stETH transfers to Avalanche, BNB Chain, and Scroll.

thedefiant.io/layerzero-deploys-steth-bridge-without-approval-from-lido-governance

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