🐂ETF Bulls Close Grayscale Bitcoin Trust Discount
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The discount between shares in Grayscale's Bitcoin Trust and BTC has fallen to its lowest level in two years amid bullish anticipation for a spot Bitcoin ETF. Grayscale recently filed to convert its trust into an ETF, with a U.S. court reversing the SEC's dismissal of the application last month.
EigenLayer launched a governance contest for prospective liquid staking token (LST) issuers hoping to score an integration on its platform. LST holders can vote to support their favorite issuer.
Solana's SOL token has hit a 14-month high amid the project's annual Breakpoint conference. SOL rallied 67.5% in just two weeks.
Jared Grey, the "Head Chef" of Sushi, published a one-year retrospective on his time with the company. While Grey oversaw the launch of multichain swaps and a budgetary restructure, Sushi is now grappling with market manipulation allegations and an SEC subpoena.
Plus, Pyth Network, a decentralized oracle provider, launched an airdrop for active users of DeFi protocols using its price feeds.
✍️ In today’s newsletter:
- GBTC outperforms Bitcoin on ETF hype
- EigenLayer looks to new LSTs to drive growth
- SOL surges 67% in two weeks
- Sushi CEO looks back on first year
- Pyth Network launches airdrop for DeFi users
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