Research Summary
This report discusses various developments in the digital asset space, including the SEC’s delay of the Ark 21Shares spot BTC ETF, Binance’s exit from Russia, and Mixin Network’s bounty offer. It also highlights the performance of various digital assets and the growth of TVL in different exchanges. Lastly, it mentions the integration of Raft with Chainlink’s CCIP.
Key Takeaways
SEC Delays BTC ETFs
- Ark 21Shares spot BTC ETF: The SEC has postponed the ruling on this ETF to January 10th, 2024, earlier than the expected date of November 11th.
- GlobalX’s BTC ETF: The decision on this ETF, initially due by October 7th, has been delayed to November 21.
Binance’s Exit from Russia
- Sale to CommEX: Binance is selling its Russian operations to the newly launched Crypto exchange CommEX for an undisclosed amount.
- Compliance Strategy: Binance stated that operating in Russia is not compatible with their compliance strategy, and plans to sunset all services in Russia in the coming months.
Mixin Network’s Bounty Offer
- Bounty for Hacker: Mixin Network has offered a $20 million bounty to the hacker who stole $200 million from them two days ago.
Performance of Digital Assets
- Canto: Canto, aligning with its push to onboard RWA and their vision of Neo-finance, is up by 18%.
- SILO and FOLD: SILO and FOLD have seen significant increases in their performance, with SILO up by 38.24% and FOLD up by 24.25%.
- MC, PEPE, and WLD: These tokens have been the top performers for tokens above $100M MC over the past day.
TVL Growth in Exchanges
- Uniswap V3: This multichain DEX’s TVL grew by 37.93% over the past day.
- Vela Exchange: This multichain DEX’s TVL grew by 8.36% over the past day.
- Joe V2.1: This multichain DEX’s TVL grew by 5.25% over the past day.
Actionable Insights
- Monitor SEC Decisions: Keep an eye on the SEC’s upcoming decisions on BTC ETFs, as these could significantly impact the crypto market.
- Track Binance’s Moves: Follow Binance’s strategic moves, such as its exit from Russia, for insights into the company’s compliance strategy and potential market impacts.
- Investigate the Potential of Rising Digital Assets: Consider the potential of digital assets like Canto, SILO, and FOLD, which have shown significant performance increases.
- Assess TVL Growth: Evaluate the growth of TVL in exchanges like Uniswap V3, Vela Exchange, and Joe V2.1 for potential opportunities.
