Jul 17 2024 34 mins 1
18th July: Crypto & Coffee at 8
🟠 Bitcoin Bridge by TON Foundation 🟠 Bitcoin Development Grants by Arthur Hayes 🟢 Spot Ether ETFs trading - 23rd July? 🚨Grayscale Launches AI Fund ❗
🟠 The Open Network (TON) is launching a bridge to let users bring their Bitcoin to the Telegram-linked network for DeFi use. The TON Foundation is set to launch TON Teleport BTC, a trustless bridge for secure Bitcoin transfers to and from the Telegram-linked network. This system will enable Bitcoin holders to engage in DeFi activities on TON while ensuring asset security. TON Teleport BTC will support interactions with decentralized exchanges and lending platforms within the TON ecosystem. Official info via Twitter (X) here https://t.ly/ZDVhI
🟠 Maelstrom Fund by Arthur Hayes aims to boost Bitcoin development via Grants. You can apply here https://t.ly/gUTu8
🟠 The Bitcoin Grant Program is to support the technical development of Bitcoin, aiming to enhance its resilience, scalability, censorship resistance, and privacy. Grants range from $50,000 to $150,000 per developer, with payments made monthly in BTC, USDC, or USDT. The program, open to applications until August 25, 2024, allows grant stacking up to $250,000 per year. Successful applicants will contribute to Bitcoin's development and may need to undergo an interview and provide references. The review committee includes Arthur Hayes (CIO) and Jonathan Bier (Grant Program Administrator). Grants will be awarded in Q3 and Q4 2024.
🟣 The U.S. Securities and Exchange Commission has preliminarily approved at least three out of eight asset managers, including BlackRock, VanEck, and Franklin Templeton, to launch ether spot ETFs, which are expected to begin trading next Tuesday. Final documents are due this week, and all eight ETFs might launch simultaneously. This follows the January launch of nine U.S. spot bitcoin ETFs, further integrating digital assets into mainstream finance. Info via Reuters here https://t.ly/j5QGB
🚨The Grayscale Decentralized AI Fund
🚨 Grayscale Investments, known for its significant spot bitcoin ETF (GBTC), has launched a new digital asset fund focused on AI tokens. The Grayscale Decentralized AI Fund, targeting accredited investors, aims to leverage the growth of blockchain and artificial intelligence protocols. The fund is designed to capture the potential of these emerging technologies as they intersect and evolve. Info here https://t.ly/porId
❗ The Grayscale Decentralized AI Fund includes the native tokens of AI-focused blockchain protocols such as Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL) and Livepeer (LPT)
🟠 Two UAE news (See slides)
⚡ Satoshi Protocol Raises $2M in Seed Round with participation from Cypher Capital (Dubai/UAE)
⚡ UAE-based AI start-up Sentient Labs raises $85mln in seed funding
For slides click here https://t.ly/G11ua
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