Ethereum News Daily Official TheBitTimes.com

In November, the decentralized finance (DeFi) sector’s share of the crypto currency market increase d by 18% compared to last month. November also turned green for non-fungible tokens (NFTs). Trading volumes recently jumped 200%, according to the latest report from Binance Research. Analysts noted that the rate remained from 3.8% to 4.1% throughout the year. However, in November, it began to overgrow. Over the month, the share of the DeFi sector increased by 18% and ended at 4.44%. The main drivers of significant growth were THORChain, PancakeSwap, Uniswap, and Synthetix. Additionally, since the start of 2023, the value locked (TVL) in DeFi protocols has increase d by 25%, with a 14% increase in November alone. Throughout the year, the figure was at $45-50 billion. Considering the latest dynamics, we can expect a breakthrough of the $50 billion mark. You might also like: Altcoin market on brink of parabolic growth, analyst predicts The dominant blockchai...

An unknown investor paid $100,000 in seed capital for shares in BlackRock’s spot Bitcoin ETF, which was filed in June 2023 and preceded a wave of applications with the SEC. This seed capital investor initiated the purchase on Oct. 27 and took delivery of 4,000 share s on the same day. Seed capital is the initial funding required to finance creation units underpinning an ETF.  BlackRock offered each seed share at $25, the $10 trillion asset management heavyweight disclosed in a  Dec. 4 amendment to its S-1 filing with the U.S. Securities and Exchange Commission (SEC). Bitwise filed an updated prospectus for a spot Bitcoin (BTC) ETF as crypto.news reported, although no mention was made of seed share s. This means BlackRock is likely the sole issuer that has received a batch of seed funding for now.  The Wall Street titan was also negotiating with the SEC over redemption models for spot BTC ETFs, favoring an “in-kind structure” that Bloomberg experts surmised could benefit...