🌐 Bitcoin ETFs are expected to drive institutional adoption of cryptocurrencies. The approval of Bitcoin spot ETFs is anticipated to bring a measure of institutional confidence and a significant amount of funding to the cryptocurrency space. The belief is that the approval of several ETFs is not a matter of if, but when. This could potentially lead to a surge in institutional investment in the sector. On the other hand, Bitcoin ETFs are just “watered-down crypto” and a sign the industry is heading in the wrong direction. If crypto adoption happens mostly through ETFs and similar centralized fin. instruments, then the core promises of the technology won’t be realized. Do you believe that Bitcoin ETFs are a game-changer for institutional investors? Can enhancing user experience on crypto platforms significantly increase adoption among casual investors and the general public? Or are there other, more critical factors at play in driving cryptocurrency adoption? #tidder #thoughts
💻 Every Game on Ethereum Scaler Immutable in the Epic Games Store Cryptocurrency startup Immutable is a games-focused company with an Ethereum layer 2 blockchain, Immutable X, as well as the upcoming zkEVM blockchain, which has already launched its test network at the time of writing. Many games are using Immutable's technology to provide faster and cheaper on-chain interactions than Ethereum's own mainnet, and some of these games have started to arrive on the Epic Games Store, a major mainstream PC gaming marketplace. The next series of posts will focus on these particular games that utilize Immutable's networks
🪙 Bitcoin has hit a new yearly high at $42,000. 🇺🇸 The U.S. Space Force has proposed that the Department of Defense adopt Bitcoin as a "compensation strategy." 🇸🇻 Nayib Bukele said El Salvador's Bitcoin investments are on the plus side of $3,620,000. 🪙 Binance announced airdrop for "Web3 wallet" users. 🐳 An unknown trader sold all of his 2,850 ETH ($6.35M) today at $2230, earning ~$457,000 - he's traded Ethereum 25 times in the last year for a total profit of over $3,000,000. The 🐹 Shortist is down $6,000,000 at one point today. 🇧🇷 Brazilian bank Itau Unibanco has started offering cryptocurrency trading services.
🛼 Curvance emerges from stealth with a $3.6 million seed round for DeFi 'everything app' DeFi platform Curvance has emerged from stealth to secure a $3.6 million seed funding round, with contributions from over 20 decentralized autonomous organizations and leading developers. The round included investment from Arbitrum developer Offchain Labs, cross-chain messaging platform Wormhole and angel investors, including Polygon co-founder Sandeep Nailwal, according to a statement. Core contributors from crypto projects Scroll, Mantle, Eigenlayer, GMX, Curve Finance, Convex Finance, Balancer, Aura Finance and Pendle Finance — as well as DAOs, including Frax Finance — also participated in the round. “Curvance will give users of any blockchain an easy route to participate in Polygon DeFi, with the potential to make onboarding easier than ever,” Nailwal said in the statement.
🌟 This Crypto Reached $600 Million in 1 Week Last week, the world of decentralized finance (DeFi) welcomed the Blast Network. The protocol quickly reached a milestone of $400 million in total locked value (TVL), and $600 million in seven days. Since then, the total value locked has risen to $722 million. A somewhat surprising feat, given rants against the project’s centralization.