Research Summary
The report discusses various developments in the digital asset space, including the potential relaunch of FTX Exchange, the delisting of Blackrock’s iShares spot BTC ETF from DTCC, Galaxy’s estimated inflows for a spot BTC ETF, the launch of dYdX v4, and the bridging of ETH to Scroll. It also covers the sale of stETH by the 1inch Team investment fund, the closure of new deposits for the TON Believers fund, and the transfer of ETH to Binance by a large staked ETH & money market farmer.
Key Takeaways
FTX Exchange’s Potential Relaunch
- FTX Exchange’s Future: FTX Exchange, which went bankrupt, is considering three bids for its relaunch. The options include selling the entire exchange and its 9 million customers or partnering with another entity to restart the exchange. A decision is expected by mid-December.
Blackrock’s iShares Spot BTC ETF Delisting
- Blackrock’s ETF Delisting: Blackrock’s iShares spot BTC ETF has been delisted from the Depository Trust and Clearing Corporation (DTCC) after being listed only a day before. The reasons for the delisting were not provided in the report.
Galaxy’s Estimated Inflows for Spot BTC ETF
- Galaxy’s ETF Inflows: Galaxy estimates potential inflows of up to $14 trillion in the first year following the listing of a spot BTC ETF. The inflows are expected to increase to $25 trillion in the second year and $38.6 trillion in the third year.
dYdX v4 Launch
- dYdX v4 Launch: dYdX has launched its v4 chain, which is now fully open source and available to the public. The chain, which runs on Cosmos, promises greater decentralization, scalability, customizability, and speed than previous versions.
ETH Bridged to Scroll
- ETH Bridging: Scroll has seen 7479 ETH ($13.64 million) bridged to its mainnet, with over 26,000 unique users and 657,842 transactions on the network since October 11th.
Actionable Insights
- Investigate the Potential of FTX Exchange: With the potential relaunch of FTX Exchange, stakeholders should monitor the situation closely to understand the implications for the digital asset market.
- Understand the Implications of Blackrock’s ETF Delisting: The delisting of Blackrock’s iShares spot BTC ETF from DTCC could have significant implications for the ETF and digital asset market. Further investigation is needed to understand the reasons and potential impacts.
- Assess the Predicted Inflows for Galaxy’s Spot BTC ETF: Galaxy’s estimated inflows for a spot BTC ETF are substantial. Stakeholders should assess these predictions and their potential impact on the digital asset market.
- Explore the Features of dYdX v4: The launch of dYdX v4 presents new opportunities for decentralization, scalability, customizability, and speed in the digital asset market. Stakeholders should explore these features and their potential benefits.
- Monitor the Bridging of ETH to Scroll: The bridging of ETH to Scroll’s mainnet indicates significant activity on the network. Stakeholders should monitor this development and its potential implications for the digital asset market.
