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Robinhood has revealed plans to enable swaps on Arbitrum, a layer-2 blockchain on Ethereum, for its wallet users in the upcoming months. The collaboration aims to support access to cross-chain swaps and make it easier for non-crypto native users to onboard to on-chain activities from the Robinhood Wallet. The announcement resulted in an over 11% surge in ARB's token price.
Merrill Lynch and Wells Fargo's brokerage unit have started offering select wealthy clients access to Bitcoin ETFs. This action shows banks are acknowledging the increased interest and demand for Bitcoin from affluent clientele seeking to diversify their portfolios and tap into Bitcoin's non-correlated growth potential. It is another example of further legitimization and integration of Bitcoin into traditional finance.
Ark is an L2 solution for Bitcoin that aims to address Bitcoin’s speed and cost issues. It facilitates off-chain payments using a shared UTXO model to ensure user data confidentiality. Transactions in the ecosystem are made with 'digital checks', which can be obtained by depositing Bitcoin into the L2. Digital checks have an expiry date. In case of inactivity or server failure, users can reclaim their Bitcoin through automated procedures.
Wormhole, a cross-chain messaging platform, has launched Native Token Transfers (NTTs) in order to help preserve token properties and solve liquidity fragmentation issues across different blockchains. NTTs enable direct token transfers across chains without the use of synthetic wrapped assets. This allows projects to maintain the ownership, upgradeability, and uniqueness of their tokens across different chains.
Thruster Finance is a yield-first DEX aiming to be the go-to platform for all of DeFi and on-chain liquidity on Blast. It has been the winner so far in terms of DEXs on Blast, with over half of Big Bang contest winners and 15 of Blast's backers supporting it. This thread covers Thruster’s upcoming airdrop and activities that could potentially allow users to qualify for it.
This thread provides a guide on how to navigate the Bull Run in crypto. You can significantly increase your chances of success by maintaining discipline, managing risk, and applying a top-down analysis. Backtest systems, remain patient, journal your progress, and protect your capital. Don't be greedy. Rely on personal judgment and research instead of outside influences.
The fat protocol thesis, that most value will accrue to the underlying chains, is something that has gained popularity - it has been true so far in the space. Builders are focusing more on developing new L1 and L2 solutions instead of decentralized applications or application-focused protocols. This fragmentation could lead to surplus useless blockspace. Despite blockspace being one of the valuable aspects of crypto, the continuous creation of new blockspace could be a waste of resources. This article discusses three potential outcomes for the future of crypto, underscoring the importance of changing current dynamics to incentivize more diversity in the space.
In a recent interview, Bitwise Chief Investment Officer Matt Hougan highlighted the success of the spot bitcoin ETFs, explaining the demand and claiming the real demand is yet to come. Demand for these new products has so far been driven mainly by retail investors, hedge funds, and independent financial advisors. Hougan is forecasting an increase in demand for spot bitcoin ETFs once major US wirehouses start participating.
You can currently earn a yield while maintaining a delta-neutral position on NFT Perp and Floor protocol - this potentially qualifies you for an airdrop from NFT Perp.
This post gives a quick overview of some of the latest developments in DeFi over the past week including Uniswap’s revenue sharing proposal, EigenLayer’s $100m funding, Parcl’s airdrop, and more.
The US House Financial Services Committee has advanced a resolution aimed at challenging the SEC's Staff Accounting Bulletin No. 121 (SAB 121), which mandates that banks record customer crypto holdings as liabilities in their balance sheets.
Bitcoin came close to hitting its USD all-time high earlier this week. It has already surpassed all-time highs in many countries around the world - USD has appreciated versus most other currencies.