GM Readers. Your daily dose of BitDegree insights is ready 👀

Today’s selection:

• 🏃 BlackRock's Ether Move

• ✨ Disney Dives into NFTs

• 📰 Bite-Sized News

• 👌 Meme of The Day

The BTC discounts have ended for now, and the price tonight almost reached USD 38,000 again.

After a dip, BTC has been moving in recent hours without a clear direction.

Trading volumes have increased by about a fifth over the day and week.

ETH has also managed to return above USD 2,000, while SOL continues to lead among the biggest tokens.

Trending

BlackRock's Ether Move

BlackRock is stepping into the Ethereum game, filing to start an Ethereum-focused investment fund.

Let's break this down:

BlackRock, the world's largest asset manager, has officially filed for a spot Ether exchange-traded fund (ETF) with the U.S.

Securities and Exchange Commission (SEC). This comes right after they registered the iShares Ethereum Trust.

This move follows BlackRock's earlier Bitcoin ETF application, showcasing its increasing interest in the crypto market.

The filing is part of a two-step process requiring SEC approval from both its Trading and Markets division and Corporate Finance division.

Key Takeaways:

• BlackRock's filing for an Ether ETF signifies growing institutional interest in the cryptocurrency market.

• The increasing optimism for approval of crypto-based ETFs indicates a significant shift in market maturity and acceptance by regulatory bodies.

Overall it looks like your grandpa joining TikTok – unexpected but a sure sign that something is changing in the crypto world.

NFT

Disney Dives into NFTs

Disney collaborates with Dapper Labs to launch the Disney Pinnacle NFT platform, marking a significant step into the digital collectibles market.

Here are the details:

Disney is making a big splash in the NFT world by teaming up with the blockchain firm Dapper Labs to create Disney Pinnacle, an innovative platform for digital collectibles.

Scheduled for release on iOS, Android, and web platforms, Disney Pinnacle is all about making the trading of these digital treasures easy, secure, and accessible worldwide.

The move is a strategic one for Disney, aligning with the trend of traditional entertainment giants embracing blockchain technology.

This partnership is particularly notable because it follows Disney's recent restructuring, which included shutting down its Metaverse division.

For Dapper Labs, known for projects like CryptoKitties and NBA Top Shot, this collaboration with Disney further cements its influence in the NFT sphere.

Key Takeaways:

• Disney's partnership with Dapper Labs for Disney Pinnacle represents a strategic shift into the NFT market, focusing on digital collectibles.

• This move signifies the growing trend of traditional entertainment companies integrating blockchain technology into their digital strategies.

Looks like Mickey Mouse will face the same destiny as Bart from the Simpsons, do you remember that fun episode with NFTs?

BITE-SIZED NEWS 🗞️

1. 💥 NFT Under Attack. OpenSea grapples with a phishing frenzy, threatening user security in the NFT world.

2. 👎 Crypto Clampdown. Swan Bitcoin cracks down, terminating accounts linked to crypto mixers in a bold policy move.

3. 🗿 FTX Settlement. Bankrupt FTX enters court-sanctioned talks with BlockFi, hinting at new twists in the crypto saga.

Sounds interesting? Find more crypto news on our website:

Meme of the day 😂

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Disclaimer: This newsletter is strictly educational. None of this information is intended to be financial advice. Always do your research and act responsibly with your profits.