COSIMO Ventures

29 out of the 40 largest gaming companies in the world, including Microsoft, Tencent, and Nintendo, are now investing in Web3 gaming, reflecting a significant shift in blockchain adoption. Over $162 million was invested in Web3 gaming last year, with successful titles like Off the Grid showcasing blockchain's ability to drive engagement by attracting millions of users and transactions shortly after launch. This evolution extends beyond gaming, as corporations embrace blockchain as a critical infrastructure. Sony’s recent launch of Soneium, an Ethereum layer-2 solution, is designed to support 900 million devices and enhance blockchain-powered services across entertainment and gaming. Additionally, luxury brands like Christian Dior Couture and Louis Vuitton are implementing Digital Product Passports (DPPs) for product authentication, while Ferrari is expanding cryptocurrency payment options in Europe through a partnership with BitPay, illustrating growing confidence in digital assets. As traditional companies recognize blockchain's potential as a fundamental business necessity rather than a speculative technology, we are witnessing a transformative shift akin to the early days of internet adoption. For deeper insights into these trends and more, subscribe to our newsletter [Link in the comments].

T-2 days...🏔 We’re thrilled to announce that our Managing Partners, Rob Frasca and Ciaran Hynes, will be attending Permissionless III in Salt Lake City this week. With so many visionary founders, developers, investors, and innovators gathering, we’re excited to immerse ourselves in the dynamic discussions shaping the future of blockchain and crypto. If you're attending, don't hesitate to reach out and connect with us. We’d love to explore opportunities and discuss the future of digital assets and decentralized technologies! See you in Salt Lake City! #Permissionless #Blockchain #Crypto Blockworks Bankless

Crypto Voters Emerge as 2024 Wild Card: Nearly Half of Americans Say It's 'Important' 👀 From political influence to institutional adoption, blockchain technology continues to reshape various sectors. Here's our roundup of this week's pivotal developments: 𝗡𝗲𝗮𝗿𝗹𝘆 𝗛𝗮𝗹𝗳 𝗼𝗳 𝗨𝗦 𝗩𝗼𝘁𝗲𝗿𝘀 𝗦𝗮𝘆 𝗖𝗿𝘆𝗽𝘁𝗼 𝗶𝘀 '𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁' 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰 𝗘𝗹𝗲𝗰𝘁𝗶𝗼𝗻, 𝗣𝗼𝗹𝗹 𝗙𝗶𝗻𝗱𝘀 A new poll by Consensys and HarrisX - a Stagwell Inc. company reveals that 49% of U.S. voters view a candidate's stance on crypto as "important" in deciding their vote, with strong support from crypto holders in swing states. While opinions on party crypto policies remain divided, both Democrats and Republicans are vying for the pro-crypto voter base ahead of the 2024 election. 𝗣𝗮𝘆𝗣𝗮𝗹 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲𝘀 𝗙𝗶𝗿𝘀𝘁 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗨𝘀𝗶𝗻𝗴 𝗣𝗬𝗨𝗦𝗗 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 PayPal completed its first business-to-business transaction using its PYUSD stablecoin, paying an invoice to EY. This marks a key demonstration of stablecoin use in commercial payments, with PayPal highlighting faster, more efficient transactions compared to traditional methods. 𝗥𝗼𝗯𝗶𝗻𝗵𝗼𝗼𝗱 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲, 𝗟𝗮𝘂𝗻𝗰𝗵𝗶𝗻𝗴 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀 𝗮𝗻𝗱 𝗦𝗲𝗹𝗳-𝗖𝘂𝘀𝘁𝗼𝗱𝘆 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 Robinhood has introduced crypto transfer functionality in the EU, allowing customers to deposit and withdraw over 20 digital currencies, including Bitcoin and Ethereum. This move is part of the company’s international expansion, leveraging Europe’s crypto-friendly regulations to broaden its product offerings. 𝗙𝗿𝗮𝗻𝗸𝗹𝗶𝗻 𝗧𝗲𝗺𝗽𝗹𝗲𝘁𝗼𝗻 𝗙𝗶𝗹𝗲𝘀 𝗳𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗜𝗻𝗱𝗲𝘅 𝗘𝗧𝗙, 𝗧𝗮𝗿𝗴𝗲𝘁𝗶𝗻𝗴 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 Franklin Templeton has filed for a new cryptocurrency index ETF, which will track the performance of Bitcoin and Ethereum through the CF Institutional Digital Asset Index. This move positions Franklin Templeton as an early player in the emerging market for crypto index ETFs, which are seen as the next step after single-asset crypto ETFs. 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗔𝘀𝘀𝗲𝘁𝘀 𝗳𝗿𝗼𝗺 𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿𝘀 𝗘𝗱𝗴𝗲 𝗖𝗹𝗼𝘀𝗲𝗿 𝘁𝗼 𝗠𝗮𝗶𝗻𝘀𝘁𝗿𝗲𝗮𝗺 𝗨𝘀𝗲 𝗮𝘀 𝗖𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹 A CFTC subcommittee has approved guidelines for using tokenized shares of money-market funds, like those from BlackRock, as collateral in trading. This move could boost tokenization in financial markets, with McKinsey & Company projecting the market to reach $2 trillion by 2030.

This week's curated selection of top blockchain news stories spans regulatory decisions, corporate initiatives, and market trends. 👀 Let's jump in: 𝗦𝗘𝗖 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝘀 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗳𝗼𝗿 𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸'𝘀 𝗦𝗽𝗼𝘁 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 The SEC has approved options trading for BlackRock's iShares Bitcoin Trust (IBIT) ETF, allowing institutional investors to hedge or gain exposure to Bitcoin. This marks another significant step toward mainstream acceptance of cryptocurrency, offering more flexible investment tools for Bitcoin. 𝗩𝗶𝘀𝗮 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗔𝘀𝘀𝗲𝘁 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗼𝗻 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 Visa has launched a new Tokenized Asset Platform (VTAP) to help banks issue fiat-backed tokens on Ethereum, enabling real-time settlement of tokenized assets like commodities and bonds. Spanish bank BBVA is set to pilot the platform in 2025, advancing Visa's work in blockchain and digital assets. 𝗣𝗮𝘆𝗣𝗮𝗹 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗳𝗼𝗿 𝗨.𝗦. 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 PayPal is now allowing U.S. business accounts to buy, hold, and sell cryptocurrency, expanding its crypto services beyond retail users. The service excludes New York businesses initially but offers on-chain transfers to eligible third-party wallets for U.S. merchants. 𝗩𝗶𝗰𝗲 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗞𝗮𝗺𝗮𝗹𝗮 𝗛𝗮𝗿𝗿𝗶𝘀 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 In a speech in Pittsburgh about the economy on Wednesday, Vice President Kamala Harris expressed support for expanding the cryptocurrency industry in the United States, pushing back against claims that she would pursue a crackdown on the fast-growing yet controversial sector. 𝗕𝗮𝘀𝗲'𝘀 𝗧𝗼𝘁𝗮𝗹 𝗩𝗮𝗹𝘂𝗲 𝗟𝗼𝗰𝗸𝗲𝗱 𝗘𝘅𝗰𝗲𝗲𝗱𝘀 $𝟮 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 Base, Coinbase's Layer 2 Ethereum network, has surpassed $2 billion in total value locked (TVL) for the first time this year. Increased activity and contributions from decentralized exchanges have driven its rapid growth.

From tech giants entering the space to crypto's expanding role in government and finance - welcome to your weekly blockchain digest with COSIMO Coverage. Here's our roundup of the top stories: 𝗚𝗼𝗼𝗴𝗹𝗲 𝗖𝗹𝗼𝘂𝗱 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺-𝗖𝗼𝗺𝗽𝗮𝘁𝗶𝗯𝗹𝗲 𝗥𝗣𝗖 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗚𝗼𝗼𝗴𝗹𝗲 Cloud has released an Ethereum-compatible RPC service, enhancing blockchain infrastructure. This move signifies increased engagement from major tech companies in the blockchain ecosystem. 𝗨.𝗦. 𝗦𝘁𝗮𝘁𝗲𝘀 𝗘𝗺𝗯𝗿𝗮𝗰𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗳𝗼𝗿 𝗦𝘁𝗮𝘁𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 The government of Louisiana has officially begun accepting cryptocurrency payments, making it the latest U.S. state to embrace digital currencies for state services. 𝗗𝗕𝗦 𝗕𝗮𝗻𝗸 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝗡𝗼𝘁𝗲𝘀 The large Southeast Asian bank will begin to offer these to institutional clients in Q4 2024, a move that marks a significant step in the integration of digital assets into traditional banking services. 𝗦𝘄𝗶𝘀𝘀 𝗦𝘁𝗼𝗰𝗸 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗢𝗽𝗲𝗿𝗮𝘁𝗼𝗿 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 SIX is considering establishing a cryptocurrency trading platform in Europe, aiming to compete with established digital asset companies in this growing market, stating digital assets are becoming a ‘recognised asset class.’ 𝗖𝗿𝘆𝗽𝘁𝗼 𝗖𝗮𝘀𝗶𝗻𝗼𝘀: 𝗔 𝗡𝗲𝘄 𝗙𝗿𝗼𝗻𝘁𝗶𝗲𝗿 𝗶𝗻 𝗢𝗻𝗹𝗶𝗻𝗲 𝗚𝗮𝗺𝗯𝗹𝗶𝗻𝗴 The rise of crypto casinos is reshaping the online gambling landscape, underscoring the expanding application of blockchain technology in various industries, including entertainment.

Hawaii says "Aloha" to crypto as 2024 activity in the sector surpasses 2021 peak... As another exciting week in the blockchain world draws to close let's take a look at this week's top stories that caught our crypto curious eye: 𝟮𝟬𝟮𝟰 𝗖𝗿𝘆𝗽𝘁𝗼 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗘𝘅𝗰𝗲𝗲𝗱𝘀 𝟮𝟬𝟮𝟭 𝗣𝗲𝗮𝗸, 𝗕𝗼𝗼𝘀𝘁𝗲𝗱 𝗯𝘆 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙𝘀 Chainalysis reports that the launch of Bitcoin ETFs in the U.S. has fueled a global surge in crypto activity, surpassing the previous peak in 2021. 𝗦𝗼𝗻𝘆 𝗕𝗮𝗻𝗸 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘁𝗼 𝗟𝗮𝘂𝗻𝗰𝗵 𝗝𝗮𝗽𝗮𝗻’𝘀 𝗙𝗶𝗿𝘀𝘁 𝗬𝗲𝗻-𝗟𝗶𝗻𝗸𝗲𝗱 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 In a significant step for digital finance, Sony Bank has teamed up with Soneium to launch Japan's first yen-linked stablecoin, highlighting a push toward mainstream adoption of blockchain technology in Japan. 𝗛𝗮𝘄𝗮𝗶𝗶 𝗘𝗺𝗲𝗿𝗴𝗲𝘀 𝗮𝘀 𝗮 𝗖𝗿𝘆𝗽𝘁𝗼 𝗛𝘂𝗯 𝘄𝗶𝘁𝗵 𝗡𝗲𝘄 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 Hawaii is positioning itself as a crypto-friendly jurisdiction, thanks to new regulations aimed at fostering innovation and creating a welcoming environment for blockchain and cryptocurrency businesses. 𝗦𝘁𝗮𝘁𝗲 𝗦𝘁𝗿𝗲𝗲𝘁 𝗮𝗻𝗱 𝗚𝗮𝗹𝗮𝘅𝘆 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗣𝗮𝗿𝘁𝗻𝗲𝗿 𝗳𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝗧𝗙𝘀 State Street and Galaxy Digital have teamed up to launch new crypto ETFs, signaling a growing interest in offering traditional investors exposure to digital assets through familiar financial products. 𝗘𝘁𝗵𝗲𝗿.𝗙𝗶 𝘁𝗼 𝗟𝗮𝘂𝗻𝗰𝗵 𝗩𝗶𝘀𝗮 '𝗖𝗮𝘀𝗵' 𝗖𝗮𝗿𝗱 𝗼𝗻 𝗦𝗰𝗿𝗼𝗹𝗹 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 Ether.Fi has announced the launch of a Visa "Cash" card on the Scroll network, allowing users to directly spend their cryptocurrency, further bridging the gap between digital assets and everyday transactions.

Ready for takeoff...crypto payments expand to the travel industry. ✈️ COSIMO Coverage brings you a roundup of the biggest blockchain stories of the week. Let's get into it: 𝗖𝗼𝗶𝗻𝗯𝗮𝘀𝗲 𝗘𝘅𝗽𝗹𝗼𝗿𝗲𝘀 𝗔𝗜 𝗳𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 Coinbase CEO Brian Armstrong announced plans to leverage AI to streamline crypto transactions and enhance wallet services, pushing the boundaries of how artificial intelligence can impact the blockchain space. 𝗢𝗞𝗫 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗙𝘂𝗹𝗹 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗶𝗻 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 OKX has obtained a full payments license in Singapore, strengthening its foothold in one of Asia's most important financial markets and highlighting its dedication to regulatory compliance. 𝗦𝗸𝘆𝘀𝗰𝗮𝗻𝗻𝗲𝗿 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗧𝗿𝗮𝘃𝗮𝗹𝗮 𝗳𝗼𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 In a significant development for crypto adoption, travel platform Skyscanner is integrating with Travala, allowing users to make bookings with cryptocurrencies and expanding payment flexibility for global travelers. 𝗝𝗮𝗽𝗮𝗻’𝘀 𝗠𝗮𝗷𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 𝘁𝗼 𝗣𝗶𝗹𝗼𝘁 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀 Japan’s three largest banks are set to test a cross-border stablecoin transfer platform, a move that underscores the country's efforts to advance blockchain adoption in international finance. 𝗥𝗶𝗽𝗽𝗹𝗲 𝘁𝗼 𝗔𝗱𝗱 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺-𝗖𝗼𝗺𝗽𝗮𝘁𝗶𝗯𝗹𝗲 𝗦𝗺𝗮𝗿𝘁 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 Ripple is set to introduce Ethereum-compatible smart contracts to its XRP Ledger, further expanding its functionality and creating new opportunities for developers to build on the platform.

Tokenized treasury funds explode past $2 billion market cap! What else went down in big blockchain news this week? Here are our top 5 picks: 𝗖𝗼𝗶𝗻𝗯𝗮𝘀𝗲 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗘𝗨𝗥-𝗘𝗨𝗥𝗖 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗶𝗼𝗻𝘀 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗠𝗶𝗖𝗔 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 Coinbase has launched a new feature allowing seamless conversions between euros and EURC, preparing for the upcoming MiCA regulations. This move aligns with the European Union’s efforts to create a uniform regulatory framework for crypto. 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗙𝘂𝗻𝗱𝘀 𝗦𝘂𝗿𝗽𝗮𝘀𝘀 $𝟮 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗮𝗽 𝗔𝗺𝗶𝗱 𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸’𝘀 𝗚𝗿𝗼𝘄𝘁𝗵 The market cap of tokenized treasury funds has exceeded $2 billion, driven by BlackRock’s rapid expansion in the space. 𝗧𝗿𝘂𝗺𝗽 𝗽𝗹𝗮𝗻𝘀 𝘁𝗼 𝗺𝗮𝗸𝗲 𝘁𝗵𝗲 𝗨𝗦 𝘁𝗵𝗲 '𝗰𝗿𝘆𝗽𝘁𝗼 𝗰𝗮𝗽𝗶𝘁𝗮𝗹' 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱  The upcoming U.S. election sees former President Trump signaling a crypto plan, emphasizing the growing importance of digital assets in political discourse. 𝗡𝗮𝘀𝗱𝗮𝗾 𝗦𝗲𝗲𝗸𝘀 𝗦𝗘𝗖 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗜𝗻𝗱𝗲𝘅 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 Nasdaq has applied for SEC approval to offer Bitcoin index options, a move that could further integrate cryptocurrency into traditional financial markets. 𝗧𝗲𝗹𝗲𝗴𝗿𝗮𝗺 𝗛𝗲𝗹𝗱 $𝟰𝟬𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀, 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗦𝘁𝗿𝗼𝗻𝗴 𝗖𝗿𝘆𝗽𝘁𝗼 𝗥𝗲𝘃𝗲𝗻𝘂𝗲𝘀 𝗶𝗻 𝟮𝟬𝟮𝟯 Telegram generated a substantial portion of its revenue from crypto-related activities and held $400 million in digital assets as of 2023, according to a report from the Financial Times.

Which Ethereum ETF became the first to cross $1B in net inflows? Welcome back to COSIMO's coverage of the biggest blockchain news! Here's our top 5 stories of the week: 𝟭. 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗥𝗪𝗔𝘀: 𝗔 $𝟯𝟬-𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁? Polygon’s Colin Butler views tokenized Real-World Assets (RWAs) as a transformative $30 trillion opportunity, with high-net-worth individuals and private equity funds expected to drive widespread adoption in the coming years. 𝟮. 𝗕𝗮𝘀𝗲’𝘀 𝗢𝗻𝗰𝗵𝗮𝗶𝗻 𝗦𝘂𝗺𝗺𝗲𝗿: 𝟰𝗠 𝗔𝗰𝘁𝗶𝘃𝗲 𝗔𝗱𝗱𝗿𝗲𝘀𝘀𝗲𝘀 Coinbase’s Base blockchain reached a milestone of 4 million active addresses during its ‘Onchain Summer’ campaign, fueled by a $2 million fund to incentivize developers. 𝟯. 𝗦𝘁𝗮𝘁𝗲 𝗦𝘁𝗿𝗲𝗲𝘁 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗧𝗮𝘂𝗿𝘂𝘀 𝗳𝗼𝗿 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 The global custody bank with $44.3 trillion in assets under its watch plans to move into tokenization with Taurus, with crypto custody to follow once the U.S. regulatory environment improves. 𝟰. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗗𝗼𝗺𝗶𝗻𝗮𝗻𝗰𝗲 𝗛𝗶𝘁𝘀 𝟱𝟲% 𝗮𝘀 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗛𝗼𝗹𝗱𝗲𝗿𝘀 𝗔𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗲 Glassnode reports a 56% surge in Bitcoin dominance as long-term holders accumulate, signaling strong confidence despite market fluctuations. 𝟱. 𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸’𝘀 𝗘𝗧𝗛𝗔 𝗛𝗶𝘁𝘀 $𝟭𝗕 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲  BlackRock’s Ethereum ETF (ETHA) becomes the first to surpass $1 billion in net inflows, reinforcing institutional interest in Ethereum.

Did you know that two-thirds of institutional Bitcoin ETF holders retained or increased positions in Q2? What are the other intriguing stories from the blockchain landscape this week? We're bringing you significant news across multiple fronts, highlighting growing institutional interest and regulatory shifts. 👇 𝗣𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗦𝗲𝗻𝘁𝗶𝗺𝗲𝗻𝘁 𝗗𝗿𝗶𝘃𝗲𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝗧𝗣 𝗜𝗻𝗳𝗹𝗼𝘄𝘀 Cryptocurrency exchange-traded products (ETPs) saw inflows this week, signaling a rise in positive sentiment across the market. 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗗𝗼𝗺𝗶𝗻𝗮𝘁𝗲𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 Ethereum accounts for 88% of all crypto investment product inflows, totaling $176 million, underscoring its continued dominance in the market. 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗦𝘂𝗽𝗽𝗹𝘆 𝗚𝗿𝗼𝘄𝘁𝗵 𝗡𝗼𝘁 𝗔𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗮𝗿𝗲 Despite a surge in stablecoin supply, the broader crypto market share remains unaffected, according to JPMorgan's latest analysis. 𝗦𝗲𝗻𝗮𝘁𝗲 𝗠𝗮𝗷𝗼𝗿𝗶𝘁𝘆 𝗟𝗲𝗮𝗱𝗲𝗿 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗶𝗹𝗹 𝗣𝗮𝘀𝘀𝗮𝗴𝗲 𝗶𝗻 𝟮𝟬𝟮𝟰 Senate Majority Leader Chuck Schumer has projected that comprehensive cryptocurrency legislation could be passed by Congress in 2024. 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗛𝗼𝗹𝗱𝗲𝗿𝘀 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗛𝗼𝗹𝗱𝗶𝗻𝗴𝘀 𝗶𝗻 𝗤𝟮 Two-thirds of institutional holders of Bitcoin ETFs either maintained or increased their positions during the second quarter of 2024.