The Next Variations of Crypto ETFs

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gm Scrollers,

Here’s your midweek scroll! Bitcoin ETFs continue to dominate headlines with plans for other variations, although accompanied by massive web3 VC activity, and Solana launching a second crypto phone📱 Keep on Scrolling to find out more ⛓

• ProShares files for 5x leveraged and inverse Bitcoin ETFs for the ultra bulls and bears (BLOCK)

• Spot Bitcoin ETF volume nears $10B in first 3 trading days (@WatcherGuru)

• JPMorgan on BTC ETF drawing in new capital (P)

• Solana mobile is making a second crypto smartphone, “Chapter 2” (CD)

• The SEC delays Terra trial as Do Kwon is wanted at legal proceedings (CS)

• Crypto friendly President candidate Vivek Ramaswamy suspends campaign (M)

• Core Scientific, a bitcoin mining company, emerges from bankruptcy to relist on NASDAQ (BLOCK)

• JPMorgan CEO personally advises against any Bitcoin involvement, even as the firm offers Spot Bitcoin ETF

• Hedera approves $408M of HBAR allocation for ecosystem growth (M)

• Hashkey Group reaches unicorn status with $100M Series A (CR)

• Bitget pledges $10M for women-led web3 startups (CT)

• Argo Blockchain closes $9.9M funding round for crypto mining operations (ST)

• Infrastructure and interoperability startup Entangle raises $4M from 20+ crypto VCs and DAOs (ENT)

• Ringfence AI announces $1.5M pre-seed round briding AI + Web3 for creators (@RingfenceAI)

• OKX Venutres backs Renzo for Ethereum restaking tool (PRN)

• Web3 projects attracted $9B in 2023 (CNF)

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• Coinbase to dispute SEC authority in court (CT)

• Google follows Apple by pulling crypto apps in India (P)

• UN concerns over Tether linked to laundering (FT)

• Thai regulators deny Bitcoin ETF applications (CN)

• The IRS will not yet enforce the $10k crypto transaction rule yet (DT)

• Coin Center pushes back against Senator Warrens’ anti-crypto agenda (BW)

• X (Twitter) has received a money transmitter license in Utah with plans for peer-to-peer payments (RT)

• Crypto friendly President candidate Vivek Ramaswamy suspends campaign (M)

• The technology risks that tokenized funding brings (CD)

• Nearly 4k Solana wallets succumbed to phishing attacks this last month (@realScamSniffer)

• Solana hit with abundance of airdrop scams, totaling over $4M (DT)

• Binance allegedly created multiple alternative URLs for Indian customers (CE)

• A United Nations report claims USDT has become the prominent token for crypto scams and laundering in SE Asia (BLOCK)

• Security implications of AI in the crypto space (M)

• GameStop to shut down NFT marketplace (M)

• Another dormant ETH wallet wakes up after 8 years (U)

• ETH hits 18 month high at $2.7K (F)

• Goerli testnet hit with Dencun upgrade by Eth developers (BLOCK)

• Celsius sends $125M ETH to exchanges as FTX/Alameda dump (CT)

• Google Cloud joins as Validator on Flare network (M)

• CoinShares predicts post halving miner exodus (TD)

• MakerDAOs $2.4B crypto loans become top moneymaker (DLN)

• BlackRock surpasses $700M in Bitcoin holdings (@watcherguru)

• Flare, $FLR, jumps 5% following Google Cloud joining network as validator (CD)

• Grayscale transfers 9000 BTC (~ $390M) to Coinbase (@Ashcryptoreal)

• Chainlink partners with Circle for cross-chain stablecoin transfers (CD)

• First Bitcoin rental contract was signed in Argentina this week (IO)

• Blockchain Academy joins Coin Telegraph accelerator to bridge web3 education (CT)

• What to expect for the fourth BTC halving (TD)

• OpenSea CEO says more NFT use cases are here (BBG)

• Disrupting the alcoholic beverage industry with Degen Distillery (CN)

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