Research Summary
The report discusses key events in the crypto market, including potential ETF approval for Bitcoin, an important announcement for MATIC, the Devconnect Ethereum conference, the Season 2 airdrop for BLUR, the YGG Summit, the launch of VRTX, and supply unlocks for APE and ROSE. It also mentions a network upgrade for XEC.
Key Takeaways
Bitcoin ETF Approval
- Potential Approval: The report suggests that the long-awaited Spot ETF approval for Bitcoin could happen this week, as the SEC can approve them until November 17th, after which a new comment period begins.
MATIC Announcement
- Anticipated News: MATIC is expected to make an important announcement on November 14th. The crypto has rallied 22% over the past days before the event, and a sell-the-news following it might happen.
Devconnect Ethereum Conference
- Key Themes: Devconnect, one of the largest Ethereum conferences, is happening from November 13- 19. One of the main themes this year is modularity and Data Availability, topics for which Celestia stands at the forefront.
BLUR Season 2 Airdrop
- Significant Distribution: The Season 2 airdrop for BLUR is happening on November 20th, with 28% of the circulating supply worth $112M being distributed. As NFT activity resumes after a year of downtrend, BLUR might be the best proxy to bet on the sector’s performance.
Supply Unlocks
- Unlocking of Assets: APE and ROSE are set to unlock 4% of their circulating supply, worth $23M and $14M respectively, on November 17th and 15th.
Actionable Insights
- Monitor Bitcoin ETF Approval: Keep an eye on the SEC’s decision regarding the Spot ETF approval for Bitcoin, as it could significantly impact the market.
- Track MATIC’s Announcement: Follow MATIC’s upcoming announcement and its potential market impact.
- Follow Devconnect Conference: Stay updated with the discussions and outcomes of the Devconnect Ethereum conference, particularly around the themes of modularity and Data Availability.
- Observe BLUR’s Airdrop: Watch the impact of BLUR’s Season 2 airdrop on the NFT sector’s performance.
- Assess Supply Unlocks: Evaluate the market effects of the supply unlocks for APE and ROSE.
