1. BlackRock submits S-1 application for its spot Ethereum ETF
According to official documents, BlackRock has submitted an S-1 application for its spot Ethereum ETF to the SEC.
2. South Korean exchanges’ market share rose to 12.9% in November
The market share of Korean exchanges rose to 12.9% in November, and the increase in market share coincided with a sharp surge in Korean trading volume in recent months. Jamie Sly, public relations manager at CCData, said: "Korean exchanges have played an important role in the recent increase in trading activity on centralized exchanges. Korean exchange Upbit accounts for the majority of Korean trading volume."
3. South Korea’s National Pension Fund has bought about $20 million worth of Coinbase shares
According to Korean media reports, the National Pension Service of Korea submitted a stock holdings report to the U.S. Securities and Exchange Commission (SEC) showing that it held 282,673 shares of Coinbase at a price of US$70.5 per share in the third quarter, with a total value of approximately US$20 million.
4. SushiSwap's proposal to "deploy SUSHI's new token economics" is now open for voting and will end on November 25
The community proposal "Deploy New Token Economics for SUSHI" initiated by SushiSwap's new CEO Jared Grey last week is now open for voting on Snapshot, and the voting will end at 1:00 on November 25, 2023. It is reported that the new token model is built on protocol sustainability, token utility enhancement, and funding diversification, including: liquidity subsidies (improving the efficiency of liquidity subsidies, thereby reducing SUSHI's annual emission costs), balance value (making SUSHI's revenue and emissions sustainable), financial stability (addressing the current emission-to-income ratio that affects economic viability to enhance stability), LP incentives (incentives for liquidity providers need to be readjusted to remain competitive), staking mechanism (considering modifying xSushi staking), xSushi distribution (making xSushi staking provide a fairer value distribution among participants).
5. ENS launches open source repository EVM gateway, allowing L1 smart contracts to obtain and verify status from L2 chains
Ethereum Domain Name Service ENS announced the launch of the open source repository EVM Gateway, which includes a general CCIP-Read gateway framework and Solidity library. It allows L1 smart contracts to efficiently and securely obtain and verify status from other EVM chains (L2). The EVM Gateway is now available for early use on the optimismFND mainnet and Goerli. ENS said that the gateway is the basis for the next generation of L2 resolvers and the first step in the L2 roadmap.
6. Solana denies CertiK report that its Saga phone has a "security vulnerability"
Solana has denied CertiK’s report that its Saga phone has a “security vulnerability,” according to Blockworks. Steven Laver, lead software engineer for mobile at Solana Labs, said in an email that “the video shown by CertiK does not reveal any known vulnerabilities or security threats to Saga holders. The video shows a user unlocking the bootloader, which can be done on many Android devices.” Laver said: “Unlocking the bootloader is a premium feature of Saga and is disabled by default. We allow users to choose how they use their phone, however unlocking the bootloader is not a security vulnerability - the user must explicitly allow such changes to be made to their device, and only authorized users can make these changes.” However, if a user or attacker proceeds to unlock the bootloader, not only will they receive multiple warnings, but their device (along with their private keys) will be wiped. “Therefore, this process cannot happen without the user’s active participation or knowledge,” Laver said.
7. US SEC postpones decision on 19b-4 filing of Grayscale Ethereum Futures ETF
Bloomberg analyst James Seyffart tweeted that the U.S. SEC has postponed its decision on the 19b-4 (trading rule change) filing for the Grayscale Ethereum Futures ETF. Analysts said that the Ethereum Futures ETF does not need to go through the 19b-4 process. But Grayscale may want to force the SEC to make a decision on the 19b-4 filing for the Ethereum Futures ETF. If the SEC approves the filing, Grayscale will point out that the SEC treats futures and spot ETFs differently, which will be similar to the case in which GBTC won. If the SEC rejects the filing, Grayscale can file another lawsuit, saying that the SEC treats Bitcoin and Ethereum futures ETFs differently.
8. US SEC postpones decision on Hashdex's Bitcoin spot ETF application
Bloomberg analyst James Seyffart tweeted that the U.S. SEC has postponed its decision on Hashdex's application to hold spot Bitcoin in its Bitcoin futures ETF. In August this year, Hashdex applied to hold spot Bitcoin in their Bitcoin futures ETF. The application does not rely on Coinbase's Supervisory Sharing Agreement (SSA). Hashdex hopes to use CME Market's Exchange for Physical (EFP) mechanism to exchange part of its futures contracts for equivalent spot Bitcoin positions, rather than buying Bitcoin directly from the exchange with cash.
9. Sui releases Quest 3 data: Arcade Champion and other games attract hundreds of thousands of players
Sui released data related to Quest 3. It is reported that Quest 3 focuses on game projects, incentivizing players to participate in 9 projects within a month, with a deadline of November 9, 2023. Quest 1 was smaller and also focused on games, while Quest 2 showcased DeFi applications on Sui. Independent projects such as Panzerdogs and Arcade Champion reported that hundreds of thousands of players played the game, and in some cases millions of players participated. Sui supported this demand with 100% uptime, and gas fees remained stable without downtime due to high demand. Specifically, Arcade Champion, an arcade-style fighting game developed by Bluejay Games, attracted more than 248,000 players during Quest 3.
In addition, the number of daily NFT transactions in its game exceeded 1 million, reaching a peak of 1.9 million; Lucky Kat Studios' Panzerdogs added more than 300,000 new accounts during Quest 3, with 1.5 million matches between players and an average daily user base of more than 30,000; The Collection created 53,559 independent wallets during Quest 3, created 42,930 pieces of art, and submitted 19,068 pieces of art.
