⬆️BlackRock ETF Progress Sends Bitcoin Flying

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The price of BTC is at its highest level in 17 months as investors react to progress on BlackRock's spot Bitcoin ETF bid. A new filing from the firm shows plans to seed the fund as early as this month, with its ticket already listed on the DTCC.

Liquity is enjoying a surge in protocol fees, prompting traders to drive up the price of its native token by 75% in one month. However, the good times may not last forever, with the fee revenue largely coming from arbitrage traders taking advantage of sDAI yields.

Friend Tech is suffering a wave of sell-offs as the app faces competition from upstart competitors operating on other networks. Friend Tech suffered outflows of $2M in the past 48 hours.

Worldcoin will cease paying Orb Operators in USDC, instead opting to distribute its native WLD token. WLD is down on the news despite the broader crypto markets rallying.

Celestia is launching the mainnet beta for its modular blockchain this week. Only a third of users that qualified for its airdrop claimed their tokens, tripling airdrop allocations

And Uniswap governance is divided on a proposal from a Swiss bank to launch a co-branded Visa card.

✍️ In today’s newsletter:

Bitcoin rallies on BlackRock ETF bullishness
Arbitrage traders drive up Liquity fees
Friend Tech suffers spate of outflows
Worldcoin switches Orb Operator payments to WLD
Celestia's mainnet launch imminent
Opposition forms against Uniswap visa card proposal

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Watch our video examining the recent controversy surrounding KYC hooks for Uniswap v4. And check out our podcast with Rocket Pool General Manager, Darren Langley, to learn about the liquid staking landscape.

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