Web3 🌒 Saturday Insider: Grayscale's strategic hiring, Jupiter's airdrop, Reddit Moons' resurgence, and KuCoin's support for the TON blockchain.
1/ 💪 Grayscale Makes Strategic Hire for Bitcoin ETF Race.
2/ 📢 Jupiter Unveils Airdrop Details for Solana DeFi Community.
3/ 🧐 MOONS Token Soars.
4/ 💸 KuCoin Ventures Grant to Boost TON Mini-App Ecosystem.
For further details, let's keep reading! 👇
Welcome to the latest crypto news roundup! In this article, we cover Grayscale's strategic hiring ahead of a potential bitcoin ETF approval, Solana's resurgent fortunes with Jupiter's airdrop, Reddit's Moons token's two-digit surge, and KuCoin Ventures' grant to the Open Network (TON) blockchain platform.
Stay tuned for more detail!
1/ Grayscale Makes Strategic Hire for Bitcoin ETF Race. 💪
Grayscale Investments has bolstered its team ahead of a potential bitcoin ETF approval by hiring former Invesco Head of Americas John Hoffman to lead its distribution and partnerships team. Hoffman, who spent over 17 years at investment manager Invesco, will be tasked with expanding Grayscale's reach and forging strategic alliances as the company seeks to convert its flagship GBTC bitcoin trust into an ETF. This move comes as the SEC is set to decide on the approval of 13 potential spot bitcoin ETFs in January, including those from BlackRock, Invesco, and Franklin. Grayscale's hiring of Hoffman signals the company's readiness to compete in the burgeoning bitcoin ETF market.
Helene Braun
2/ Jupiter Unveils Airdrop Details for Solana DeFi Community. 📢
Solana-based decentralized finance (DeFi) aggregator Jupiter has commenced its much-anticipated airdrop, revealing how many of the 4 billion total JUP tokens up for grabs that users can expect to receive. All Jupiter users will receive 200 JUP regardless of their trading history, with additional JUP allocated based on factors including trading volume and consistency of use. The airdrop is the latest sign of Solana's rising fortunes, as the blockchain has rebounded strongly since October.
Sander Lutz
3/ MOONS Token Soars. 🧐
Reddit's Moons token has seen a two-digit surge following Reddit's official renouncement of the Moons contract. This means there will be no further changes made to the contract and the token supply will be capped at 83 million. The price of Moons has increased by 11% in the past day and 150% in the past month. The cryptocurrency mod team plans to reinstate various features, including memberships, governance, tipping, and potentially restarting the distribution of Moons.
Owotunse Adebayo
4/ KuCoin Ventures Grant to Boost TON Mini-App Ecosystem. 💸
KuCoin Ventures has pledged a grant of $20,000 to the Open Network (TON) blockchain platform to support the growth and expansion of the TON ecosystem. This includes funding for mini-apps, research and development, community-building, marketing, and incubation. This collaboration aims to create a vibrant community and effective marketing around the TON blockchain. KuCoin Ventures' involvement aligns with TON's broader vision of a more accessible and decentralized digital future.
Jimmy Aki
Conclusion:
Overall, the cryptocurrency space is experiencing significant growth and innovation. Grayscale is preparing for the potential approval of a bitcoin ETF, Jupiter is rewarding its users with an airdrop, Reddit's Moons token is surging, and KuCoin Ventures is supporting the TON ecosystem. These developments are indicative of the maturing and evolving nature of the cryptocurrency industry.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
