TLDR: BlackRock Invest in Miners, Block Launch BitKey, SEC Greenlights ETH Futures, UBS Launches VCC Fund, Google Cloud Validates Polygon Blocks, Levana Protocol on Osmosis, Dagora Integrates with Injective & FTX Co-founder Testimony.

This week’s newsletter is sponsored by Kinetix:

Kinetix is a comprehensive, community-focused DeFi hub built exclusively for the Kava ecosystem.

The Kinetix DeFi hub encompasses a suite of the most sophisticated and popular DeFi legos in the web3 landscape to provide Kava with a one-stop platform for all things DeFi. Kinetix’s cohesive network of DeFi protocols includes a Perpetual Exchange (PERPs), a Decentralized Exchange (DEX), and a market for sophisticated derivative instruments. 

Kinetix users can take on leverage with perpetual contracts (Perps), execute swaps in spot markets, provide liquidity, stake, and farm, and explore synthetic assets and other exotic derivatives.

The Kinetix team, headed by Alexi Atlas and advised by Roc Zacharias & Sameep Singhania, has a wealth of experience from its past successes building QuickSwap, the largest DEX on Polygon. 

Bitcoin Highlights of the Week

BlackRock Invest in Major Bitcoin Miners

BlackRock's presence in the cryptocurrency space has expanded as it now owns notable percentages of two major Bitcoin miners: Marathon Digital and RIOT Blockchain.

Tesla Assess Bitcoin Payment Resumption

Tesla would reconsider Bitcoin payments once mining becomes approximately 50% sustainable has ignited a fresh wave of curiosity.

Arbitrum Introduce Hashpower Trading To Mining Bitcoin

Lumerin, a decentralized data stream routing project, has introduced a novel Arbitrum protocol that facilitates the direct mining of Bitcoin (BTC) without the need for expensive ASIC machines.

Block Launch BitKey

Block, Jack Dorsey's payment company, appears closer to going public with its first Bitcoin hardware wallet product, called BitKey.

Ethereum Highlights of the Week

SEC Greenlights ETH Futures

Valkyrie, a crypto-focused investment firm, initially filed with the SEC in August, seek to transform its Bitcoin Strategy ETF, which primarily held Bitcoin futures contracts, into a fund that would invest in ETH futures.

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