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The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.
Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests.
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.
The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.
The foundation is working with management consultancy Roland Berger who introduced the Voluntary Recycling Credits (VRC) standard in June, inspired by the carbon credit market.
Sam Bankman-Fried exiting a New York courthouse earlier this year. (Nikhilesh De/CoinDesk)
Up Arrows (Unsplash)
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.