TLDR: BTC ETF Approvals in Hong Kong, DEX Portal Raise Seed Capital, inal Ethereum Dencun Test, Starknet and Celestia Team Up, Final Ethereum Dencun Test, CALC Finance Introduces Streaming Swaps, FTX Trial Ends, Celsius Bankruptcy Process Ends & $JUP Goes Live on Solana.

Premium Content of the Week

Bitcoin Highlights of the Week

BTC ETF Approvals in Hong Kong

Amid mass BTC ETF approvals in the US, it seems Hong Kong is the next destination for mass approvals. Hong Kong regulators are set to approve the first BTC spot ETF in February. It’s estimated that there are ~10 asset managers exploring ETFs in Hong Kong.

BlackRock’s BTC ETF King of the Hill

Grayscale’s BTC ETF has been surpassed by BlackRock’s spot bitcoin ETF in daily volume. BlackRock’s IBIT registered $304M in daily trading volume compared to $292M for Grayscale’s GBTC.

DEX Portal Raise Seed Capital

Bitcoin DeFi receives a lot of love these days. DEX Portal, which is Bitcoin’s cross-chain, has raised $34M in seed funding with investors being Coinbase Ventures and OKX Ventures to name a few. The raise was 2x oversubscribed due to interest in the Bitcoin ecosystem.

Velar Secure Funding

Velar, the Bitcoin-based perpetual swaps platform, raised $3.5 million in venture funding. Velar builds its platform on Stacks’ upcoming Nakamoto Release and its synthetic Bitcoin token, sBTC.

Bitcoin Ordinals Struggle 

Bitcoin Ordinals sales took a drastic fall in January. The Bitcoin-native NFTs has seen slowing interest of late, yet the upcoming halving could reignite interest eco insiders claim.

Ethereum Highlights of the Week

TreasureDAO Possible Migration to Optimism

The Optimism co-founder, Ben Jones, has proposed Arbitrum’s TreasureDAO to migrate to Optimism. Ben Jones argues, that Optimism will provide enhanced scalability, integration into the OP Stack's web of L2s, and a community dedicated to decentralized gaming.

Subscribe to WAGMI Premium to read the rest.