šŸŒ™ 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 worldā€™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 ā€œ2.0ā€ 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 marketā€™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.

  • Polygonā€™s POL Token Deployment: The successful deployment of Polygonā€™s POL token on Ethereum marks a crucial milestone in the projectā€™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 ā€˜hello.appā€™ Web Domain for $115,000 - The Defiant

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

Vodafone Partners With Chainlink To Demonstrate Blockchainā€™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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