LINK Trust, Disney Taps Immutable, ETH ETFs, ADA Adopts Substrate

Here are the 10 most read stories on The Defiant during the week of November 6:

  1. Grayscale Chainlink Trust shares rocket up to 200% premium: GLINK, shares in Grayscale’s Chainlink Trust, jumped to a 200% premium compared to LINK’s spot markets.

  2. Disney and square base games use Immutable and Polygon for Ethereum scaling: Immutable, the game-focused Ethereum scaling team, said it is receiving a flurry of interesting web3 games looking to run on its upcoming Polygon-powered Layer 2 rollup, Immutable zkEVM, ahead of its mainnet launch early next year.

  3. “I see no reason for the SEC to reject the ETH ETF,” said Bloomberg analyst Eric Balchunas: Based on the saga of potential Bitcoin ETF issuers, US securities regulators would likely have to approve a spot Ether ETF, Bloomberg analyst Eric Balchunas said.

  4. Cardano Blockchain plans to adopt Polkadot’s substrate framework: Cardano, a Layer 1 blockchain created by Ethereum co-founder Charles Hoskinson, plans to use the underlying framework of Polkadot, a competing Layer 1 chain, also created by Ethereum co-founder Gavin Wood.

  5. Tron is quietly becoming the leading blockchain for stablecoin transfers: Emerging markets are pushing Tron to become the best blockchain for USDT and other stablecoin transfers in addition to fiat.

  6. Bank of England reveals rules for stablecoin: The Bank of England has announced stablecoin regulations that will come into effect next year.

  7. Coinbase launches on-chain KYC verification for +100 million users: Coinbase has just launched one of the biggest efforts to bring decentralized identity into the mainstream.

  8. The Arbitrum community gives the green light to the investment mechanism: The Arbitrum community passed a renewed proposal to launch staking for ARB holders on November 6th.

  9. Crypto critic Nouriel Roubini launches token: Economist Nouriel Roubini called Bitcoin “the mother of all bubbles” and crypto “the biggest criminal heist in human history.”

  10. dYdX doubles down on decentralization: forward to 2023 and dYdX has reached over 1 quarter in total trading volume and has a TVL of over $300 million.

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