📰Fake ETF News Drive Short-Lived XRP Rally

GM Defiers!

XRP surged 12% in less than half an hour after reports circulated a filing appearing to show BlackRock establishing an iShares XRP Trust entity. However, the token quickly gave back its gains after BlackRock confirmed it was not behind the filing.

GameFi tokens are rallying strong, with many leading assets up more than 50% in the past four weeks. The sector added 24% to its capitalization since the start of November.

Terraform Labs acquired the portfolio management platform, Pulsar Finance. The move signals Terraform's intention to revive the controversial Terra network.

Solana has overtaken the Ethereum by active addresses after jumping 71% in seven days. The milestone follows an impressive recovery for SOL.

Aave users on Harmony are pushing for a plan to recover some of the assets lost to the $100M Harmony hack last year. Aave incurred $1.2M worth of bad debt amid the incident.

Animoca Brands teamed up with Chiliz, a blockchain focused on issuing sporting collectables. Animoca purchased a trove of CHZ tokens and validate Chiliz Chain per the deal.

And shares in the Grayscale Solana Trust have curiously rocketed to a nearly 800% premium over the market value of spot LINK.

✍️ In today’s newsletter:

• Fake BlackRock filing drives XRP volatility
• GameFi assets outperform
• Terraform Labs acquires Pulsar
• Solana users surpass Ethereum
• Harmony hack hangs over Aave users
• Animoca Brands teams up with Chiliz
• Grayscale Solana Trust at 800% premium

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