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  • The R Roundup: ARK Ethereum Epiphany - Issue #105

The R Roundup: ARK Ethereum Epiphany - Issue #105

Issue #105 : Web 3 News Headlines Of The Week

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The R Roundup
September 10, 2023

The R Roundup: ARK Ethereum Epiphany - Issue #105

Cathie Wood, ARK Invest CEO, is profound for her affliction towards cryptocurrency. This led to no doubt in an aggressive ETF filing.

The ETF drama has been an ongoing indifference in the market for the majority of 2023. On Wednesday it was reported that the filing had been sent for an Ark 21Shares Ethereum.

This would be the first of its kind in the US however many previous filings have been for futures-ETFs whereas the offering by Ark Invest & 21Shares would be a spot-ETF with direct exposure.

Previous weeks and months have indicated a turning up of the temperature with crypto related ETFs and many funds like Ark Invest are assessing this as a period to capitalise.

MetaMask Cash Out🦊

A crypto bois headache. Crypto to fiat? Now with MetaMask “sell” function it’s a one step process.

Leading decentralised wallet MetaMask announced now that users can convert their crypto into fiat currencies directly to their bank or PayPal.

The feature is accessible to users in the US, UK & several parts of Europe with support for ETH at launch. Over time, there are intentions to expand to native gas tokens on other layer 2 networks.

FTX Calamity Falls 👮‍♂️

As the story which never comes to an end is still in the air, ex-FTX executive Ryan Salame pleaded guilty to criminal charges.

Ryan Salame was a top FTX executive who was critical in FTXs fundraising operations. His guilty pleading could lead to a forfeit of over $1.5b as he was tied to criminal charges in relation to the exchange.

Salame has already had a 2021 Porsche automobile & two properties seized by the government with guidelines pointing towards 10 years in prison.

During his time at FTX, Salame was responsible for facilitating out over $24m to Republican political candidates.

Visa Stablecoin Settlement To Solana☀️

Visa have been associated with the crypto industry for a while now and they have expanded its USDC stablecoin settlement capabilities to Solana.

You are probably wondering, what that means however it essentially speeds up cross-border settlements and provides a stablecoin payment option for clients.

❝

By leveraging stablecoins like USDC & global blockchain networks like Solana and Ethereum, we’re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa’s treasury

Cuy Sheffield, Head Of Crypto At Visa

Visa’s integration & inclusion of Solana as a blockchain for settlements exposes Visa as one of the first major payment companies to do so.

Weekly RR Market Landscape 🖼️

  • $TON has been continuously performing across the past 7-days🔺

  • Mutant Apes are on the rise whilst BAYC is flowing down🔻

  • DeFi TVL remains stagnant 〰️

A Week At RR📆 

Check out last weeks content published to stay up to date with the latest research trends & industry talking points👇

RRUPDATES📍: Another Day, Another Exploit As Stake.com Faces $41.3m Hack

Stake.com, has reportedly been hit by a cyber-attack, resulting in a staggering loss of $41.3 million.

www.therroundup.com/p/rrupdates-another-day-another-exploit-stakecom-faces-413m-hack

RR Files🗂️

Wondering what we are reading this week at RR?

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As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies.

This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.

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