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🧎Spot Bitcoin ETF Applicants Bend Knee To Cash Redemptions

The Defiant

DeFi Alpha

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Spot Bitcoin ETF hopefuls Invesco and Galaxy Digital, Valkyrie, and Bitwise have all updated filings to say they will initially support fiat-based "in-cash" share redemptions. The new filings follows several meetings between the SEC and ETF applicants.

In other news, phishing approval scams have raked in $1B since mid-2021 and Chainlink launched its data oracles on Polygon zkEVM. Plus, we take a deep dive into the convergence between web3 and artificial intelligence.

✍️ In today’s newsletter:

  • Updated Bitcoin ETF filings back in-cash redemption
  • Ill-gotten gains from phishing approval scams skyrocket
  • Chainlink expands onto Polygon zkEVM
  • AI and crypto's burgeoning convegence

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🎬 WATCH

Check out our recent interview with a 13-year-old crypto VC to get his bullish thesis for Eigenlayer and restaking. And watch our podcast with Will Warren, the co-founder and CEO of 0x and Matcha, to learn about Matcha's cross-chain swap functionality.

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