🪙 Crypto and Blockchain News (November 17, 2023):

1️⃣ meow: The largest liquidity aggregator in the #solana ecosystem, Jupiter, is set to conduct a retrodrop, rewarding early protocol users. The upcoming campaign is part of a community-focused initiative, aiming to distribute 4 billion tokens (40% of the total issuance of 10 billion) among users over four stages. 👍 40% of reward tokens represent a substantial piece of the pie.

2️⃣ Bloomberg: Tether, the issuer of the most popular stablecoin USDT, plans to invest $500 million in cryptocurrency mining. Farms are already being established in Uruguay, Paraguay, and El Salvador, each with a capacity ranging from 40 to 70 megawatts. The company's goal is to achieve 1% of the global hash rate of the first cryptocurrency network. 🤔 Considering Tether's recent reserve-related issues, it's worth closely monitoring the development of this initiative.

3️⃣ Valkyrie: CoinShares, a provider of cryptocurrency ETPs, has obtained an option to acquire Valkyrie Funds, a competitor within the Valkyrie Investments group. The agreement's term expires on March 31, 2024. Valkyrie Funds will continue to operate as an independent organization until the completion of the deal. 👍

4️⃣ Coinbase: Coinbase has announced the launch of an open-source protocol for online payments for its product, Coinbase Commerce. Currently, it supports ecosystems such as Ethereum, #polygon and Base. 🚀 Open-source code is a positive sign indicating the company's openness to collaboration with other market participants.

5️⃣ The Block: The team behind the development of the #defi platform Aave, Aave Companies, has undergone rebranding, changing its name to Avara. Avara will serve as the parent organization for Aave, Lens, the stablecoin GHO, Sonar, and other brands. 🤔 Avara is a shorter and more memorable name that better reflects the company's sphere of activity.

👍😊 What are your thoughts on these news?