Parse notes
Ripple has decided not to proceed with its previously announced acquisition of custodian Fortress Trust following a security breach at a third-party service used by six of Fortress's customers that resulted in a reported loss of $12-$15 million in cryptocurrency. Despite the terminated deal, Ripple will remain an investor in Fortress's parent company, Fortress Financial Technologies.
The SEC has announced additional proceedings to assess whether to approve or deny proposed Bitcoin ETFs from BlackRock, Valkyrie, Invesco, and Bitwise. The process includes public comment and rebuttal periods, indicating that a final decision may not be reached for several months. The delay does not necessarily signify any conclusion has been made on any issues raised by the proposals.
Coinbase has received approval from the Bermuda Monetary Authority to provide non-US retail customers with perpetual futures trading services. The announcement comes after the cryptocurrency exchange ramped up its institutional trading services and handled over $5.5 billion in futures trading volume in Q2 this year. The move is part of Coinbase's international strategy called “Go Broad, Go Deep”, which targets regulators in 24 countries where it plans to create a global regulatory framework.
IYK has been driving greater fan engagement over the last two years by bridging the gap between the digital and physical worlds with its fan experience platform. It embeds NFC chips in physical merch to “supercharge” these collector items. IYK has successfully partnered with the likes of Adidas and 9dcc to prove the concept. The company has now raised $16.8 million in funding from heavy hitters like a16z Crypto, Collab Currency, 1kx, and Lattice Capital to expand its platform.
This article dives into the concept of "intents," which have been gaining traction in the crypto space with protocols like Anoma and Essential. Intents help users specify transaction conditions without exact message calls, simplifying the transaction flow. They focus on outcomes rather than processes, meaning that users specify goals and "solvers" determine how best to achieve them.
This blog shows several different heatmaps of DAI token transfers and explains how other developers can replicate the method for any ERC20 token transfers. The approach utilizes Python tools like jupyter, cryo, polars, matplotlib, datashader, and altair to render billions of data points and properly display massive datasets. The process makes it much easier and quicker to generate understandable visualizations of crypto transactions.
The Winklevoss twins, co-founders of cryptocurrency exchange Gemini, reportedly withdrew $280 million from Genesis just months before the company's collapse. It's unclear whether the withdrawn funds were Gemini's corporate assets or the personal cryptocurrencies of the twins. The timing of the withdrawal, months before Genesis froze customer withdrawals, raises questions about the Winklevoss twins' knowledge of Genesis' financial situation.
Valkyrie's Bitcoin Strategy ETF has successfully added ether futures contracts. Effective on October 3, the fund will formally alter its investment strategy, resulting in a name change to Valkyrie Bitcoin and Ether Strategy ETF. Other ETF issuers are expected to follow and launch their own ether futures offerings. Valkyrie's amended approach could allow them to launch earlier compared to proposed issues from other platforms.
Casey Rodarmor provided an update on the new Runes protocol he suggested. This repo provides a way to mint runes. Rodarmor warns that runes below certain block heights will be ignored as the standard hasn’t been formalized yet.
This blog explains how Fred Wilson, a renowned investor and crypto veteran, fell victim to an NFT scam that resulted in the loss of 46 of his NFTs.
Ethereum developers have made a successful second attempt at launching the Holesky test network for the Ethereum blockchain, which is aimed at testing ambitious scaling plans and addressing testnet ETH supply issues.
This dashboard depicts interesting info about censorship on Ethereum, a critical piece of how Ethereum works. At its different layers, Ethereum users can experience censorship from builders, relays, and validators. This dashboard helps visualize where that is happening.