Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says
The SEC pushed back against Binance’s motion to dismiss its lawsuit in a new filing.
Financial
Bitcoin Breakout Toward $45K ‘Imminent’ Says Matrixport
Polygon’s MATIC and Chainlink’s LINK led altcoin gains Wednesday afternoon.
Arbitrum Voters Polarized Over ‘Research’ Pitch With $2M Price Tag
Proposed coalition of professional researchers could help “accelerate decision-making” at the Ethereum layer-2 project, but complaints have surfaced over the cost and potential conflicts of interest.
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
Representatives of the company are answering questions from two divisions of the U.S. Securities and Exchange Commission in the wake of Grayscale’s court win over the agency.
Bitcoin Pushes Towards $36K Ahead of Last Approval Period For Spot ETFs This Year
Analysts at Bloomberg predict that if a spot bitcoin ETF is not approved in this period, there’s still a 90% chance for approval by Jan. 10.
The Protocol: Kraken Awakens – as Ethereum L2 Candidate
In this week’s edition of The Protocol newsletter, we look into how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase’s recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions.
Bitcoin Fees Soar Nearly 1000% Since August as Ordinals Are Back in Vogue
Higher fees are also boosting bottom lines for the industry’s beleaguered miners, 21Shares noted.
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.
DeFi’s Next Frontier: The Untapped Potential of On-chain Structured Products
The last bull market saw the launch of a raft of on-chain structured products. The next bull-run will see more liquidity going into these projects, says Jordan Tonani from The Index Coop.
Why an Ether Staking Rate Will Increase Crypto Adoption
Ethereum’s integrated staking rate is now part of the investment case for ether. Understanding and measuring it is key to driving innovation and acceptance of ETH-based financial products.