Hello, crypto maxis and skeptics,
The DailyCoin team hopes you are all are good and comfortable in the green fields of cryptos. Nothing bad happened since yesterday, except the SafeDollar waking up much less safe than a day before. Other than that – only good news from the industry’s wolves and sharks.
On today’s agenda:
- Cathie Wood’s ARK Invest and Morgan Stanley come deeper into Bitcoin
- Ethereum Classic plans a network upgrade in July
- Craig Wright wins whitepaper lawsuit over Bitcoin.org
- SafeDollar is not so safe anymore: hackers stole $248k
- Music streaming platform Tidal is interested in NFTs
Institutions Bullish On Bitcoin Again
The crypto market is greening again and institutional investors keep showing their interest.
- Cathie Wood’s ARK Invest filed another filing with the SEC for its Bitcoin Exchange Traded Fund (ETF). This is the second time innovation investor and Bitcoin bull Wood attempts to register with the SEC. This time ARK Invest teamed up with Swiss-based 21Shares to create BTC ETF.
If succeeded, the fund will trade as the ARKB. Currently, the SEC has approved 8 other Bitcoin ETFs, that give investors the biggest exposure to dominant crypto.
- Morgan Stanley bought 28k shares of Grayscale Bitcoin Trust. The acquisition allows the investment banking giant to offer BTC exposure to its other funds.
Ethereum Classic Is Undergoing a Network Upgrade in July
Ethereum Classic (ETC) is changing its underlying protocol and improving the system next month. Network developers say the hardfork is planned for the end of July.
The network update called “Magneto” aims to improve the Ethereum Classic’s security and lower gas fees. Magneto will also include features of the Ethereum Berlin upgrade.
Craig Wright Wins Whitepaper Lawsuit Over Bitcoin.org
Computer scientist Craig Wright, who claims to be the creator of Bitcoin, won a Bitcoin whitepaper copyright lawsuit against Cobra, the operator of the Bitcoin.org website. London’s High Court banned Bitcoin.org from using the original historical document and ordered it to cover the court costs.
SafeDollar Not So Safe Anymore: Hackers Stole $248k
The DeFi stablecoin SafeDollar (SDO) suffered a hacker attack on Monday. The value of algorithmic SafeDollar – which aims to become the safest stable coin for DeFi – immediately dropped to zero.
The attackers may have taken out around $250,000 of US dollars and Tether (USDT). The total value locked on the Polygon-based protocol is $271,529 according to the official website
Music Streaming Platform Tidal Interested in NFTs
Tidal, the global music, podcast, and video streaming platform, is researching the NFTs as the form to repay the artists. This is what Jack Dorsey, the CEO of Twitter and payment company Square, told Jay-Z and the Twitter community.
Square bought a majority of Tidal shares from Jay-Z, Rihanna, and other artists in March. Jay-Z is among the company’s board of directors.