The GBTC Discount Is Narrowing; Here’s Why It Matters

The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role in the discount narrowing, according to analysts.Source

Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire

The startup offers metaverse-creation tools and a list of general blockchain infrastructure solutions.Source

UK FCA Chief Warns Against Judging Crypto Firms by Size for Approval Decisions

The FCA has turned down some of the largest crypto firms in the world in the last 18 months, its CEO Nikhil Rathi told lawmakers at a hearing.Source

Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly

Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.Source

‘Get a Horse!’: What Crypto Can Learn From Early Automakers’ Struggle for Acceptance

Automotive pioneers were surrounded by fraudsters, hated by banks and attacked by trolls. Sound familiar?Source

Bitcoin Miner Bitfarms Expands Operations in Paraguay After Securing 2 Hydropower Contracts

The company will be able to add up to 150 megawatts of energy capacity through the two agreements.Source

Dogecoin Pops 4% on Elon Musk Tweet

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StarkWare’s ‘Starknet Stacks’ Could Add to Growing Field of Blockchain-in-a-Box Offerings

The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native stack.Source

Professor Gary Gensler vs. SEC Chair Gary Gensler: Crypto Long & Short

Gary Gensler once taught a class on crypto. Is he contradicting himself now in his powerful Washington role?Source