Parse notes
Ark Invest and 21shares have submitted an application to the SEC for the authorization of a spot ether ETF called the ARK 21Shares Ethereum ETF. If approved, the fund would give investors direct exposure to ether on the Cboe. The SEC, which is yet to approve a spot crypto fund, recently postponed decisions on the spot Bitcoin ETF applications that were filed by several funds earlier in the summer.
The U.S. Financial Accounting Standards Board has ruled that companies holding cryptocurrencies will need to start marking their crypto assets to market in 2025. This approach provides a more accurate reflection of the current values of their holdings compared to the existing method of recording historical purchase prices. These standards will not apply to NFTs, stablecoins, or wrapped tokens. Despite potential increased earnings volatility, the decision was hailed as a step forward in mainstream crypto adoption.
Story Protocol is creating an Internet-native IP infrastructure to address the antiquated IP models that have been in use for decades. Its open IP repository will enable creative Intellectual Property, like prose, images, and audio, to record their evolution, from inception, to remixes, and reuse, offering provenance and authenticity. The novel licensing module allows creators to set transparent conditions for others to use their work.
Blockchains by their very nature are not great for privacy as they provide a public ledger of all transactions. Protocols like Tornado Cash that allow people to ‘hide’ their transactions were invented to address this. Until now, these protocols have been scrutinized for enabling criminal activity like money laundering. This paper, put together by an all-star cast including Vitalik Buterin, proposes a solution to this problem. The paper’s solution would allow people to create private transactions that are provably disassociated from criminal activity.
This post provides a good overview of the history of WebAssembly. WebAssembly (Wasm), a portable binary format and compilation target for high-level programming languages, is increasingly being used in both web2 and web3 applications. It's been adopted as the execution environment for top blockchain projects and has been utilized by various sectors including e-commerce, entertainment, and software development.
This thread goes over the psychology of trading in cryptocurrency and how it is influenced by understanding individual and collective human behavior, personal bias, and maintaining a vigilant mindset. The thread warns against cognitive biases that can negatively impact decision-making. It also suggests that maintaining healthy paranoia about potential risks, both technical and human, can help traders safeguard investments.
Synthetix has launched Synthetix v3, which aims to unify its protocol across multiple chains and question past assumptions about its SNX token and its role in the ecosystem. This blog discussed the challenges of ensuring smooth and efficient cross-chain communication, which is increased particularly as the number of supported networks expands. It proposes potential solutions to these challenges, including the option of leveraging Ethereum as collateral and the creation of a separate AppChain via the Optimism superchain.
Google will update its policy to allow advertising of blockchain-based NFT games starting on September 15 as long as they don’t promote gambling. NFT casino games and related gambling activities using real-world prizes will continue to be banned. This is another step forward. Google banned all cryptocurrency-related ads in 2018, later relaxing the rule in 2021 for certain US-targeted cryptocurrency exchanges and wallets.
Unibot has partnered with OKX to give users optimal routing for swaps and deeper liquidity to help users get the best prices.
This blog explores the idea of intents in Ethereum using a mathematical framework, merging algebraic topology and mechanics, focused on defining and solving intents with models.
This article gives a summary of the comprehensive Crypto Wealth Report that was just released. It breaks down how many individuals in each wealth bracket own crypto and how many people overall do.
Former Celsius chief Alex Mashinsky's assets have been frozen amid criminal charges including securities fraud.