The world’s largest asset manager has filed with the U.S. SEC to launch a spot-based Ether (ETH) ETF.
Read more on: https://thecryptobasic.com/2023/11/10/blackrock-officially-files-for-a-spot-ethereum-etf/
#ETFNews #CryptoSimple #CryptoEcosystems #CryptoNews🔒📰🚫

Shiba Inu says a renowned athlete will feature on the cover of the upcoming Shib Magazine, with 3K free NFT covers announced to commemorate the development.
Read more on: https://thecryptobasic.com/2023/11/13/shiba-inu-renowned-athlete-to-grace-cover-of-upcoming-shib-magazine/
#ShibaInuUpdate #ShibMagazine #Crypto #CryptoEcosystems #CryptoNews🔒📰🚫

The cryptocurrency market is abuzz with anticipation as attention turns to the potential approval of spot exchange-traded funds (ETFs) for leading cryptocurrencies Bitcoin and Ethereum. This development has infused a renewed sense of optimism into the market, suggesting a potential resurgence of the bull run.As the second week of November unfolds, three notable cryptocurrencies are drawing the focus of investors as the top ones to watch. It presents compelling arguments for extended recovery if the prevailing bullish market sentiment endures.Solana (SOL): Exceptional PerformanceSolana (SOL) has emerged as a standout performer this week, demonstrating a notable gain of 36.7% in the week concluding on Nov. 12. The majority of these gains materialized on Friday, Nov; 10, with a surge of 25.2%. This upswing is linked to the heightened attention to projects being developed on the Solana network.Despite SOL reaching a 2023 peak of $63.97 on Nov. 11, it remains below its all-time high (ATH) of $267.52 in November 2021. Nonetheless, the cryptocurrency is poised for a sustained upward movement, having already experienced a 79.8% surge in October and maintaining momentum with a 51.9% increase in November. The continuous introduction of new projects on the Solana blockchain will further drive its recovery.Polygon (MATIC): Riding the Wave of Institutional InterestPolygon (MATIC) is making waves in the cryptocurrency space. It registered an astounding 3,800% surge in transaction volume exceeding $100,000 over the past 30 days. This surge is linked to heightened demand from both institutional investors and whales within the crypto sector. Consequently, MATIC’s price has moved past $0.80 for the first time since July. With a 62% surge in market cap over the last month and significant accumulation by wallets holding 100,000 to 10 million MATIC, the outlook for Polygon remains optimistic.Chainlink (LINK): Doubling in Three WeeksChainlink (LINK) has witnessed a remarkable surge, more than doubling in price over the past three weeks. Currently trading at $13.13, up from $6.14, this rally is partly attributed to the broader recovery in the crypto market. Grayscale’s Chainlink Trust (GLINK) has experienced a 200% premium compared to the spot LINK markets. This indicates heightened interest from institutional investors. The future outlook for the cryptocurrency is positive, supported by the growing total value locked in GLINK, which recently doubled to around $4 million.As the cryptocurrency market gains momentum, Solana, Polygon, and Chainlink stand out as the top cryptocurrencies to watch this week. Each presents unique strengths and potential for further growth in the weeks ahead.#CryptoEcosystems #dyor

Prominent legal experts react to a fake report regarding BlackRock’s attempt to create an XRP Exchange-Traded Fund (ETF).
Read more on: https://thecryptobasic.com/2023/11/14/experts-react-as-bloomberg-etf-analyst-dispels-report-about-blackrock-xrp-trust-filing/
#XRPUpdate #Crypto #CryptoSimple #CryptoEcosystems #CryptoNews🔒📰🚫

Hello, ninja world! A groundbreaking protocol is making its debut on Injective, and it goes by the name Gryphon. Picture this: a fusion of DeFi titans Lido and Maker, Gryphon is here to elevate the Injective ecosystem to new heights.
What is Gryphon?
Gryphon is a decentralized #LSD (Liquidity Staking Derivatives) protocol designed specifically for #Injective . Going beyond traditional staking, Gryphon integrates borrowing and lending features, enabling users to optimize their staking strategies and unlock the liquidity potential of their staked assets.
Why Gryphon?
Layer one ecosystems often face challenges related to capital inefficiency, leading to locked funds and limited utility. Gryphon addresses this by allowing users to borrow against their staked assets, opening up new possibilities for liquidity use.
Key Features of Gryphon’s Testnet Launch
Borrow: Use staked assets like INJ, wETH, or wBTC as collateral to mint nUSD. Stake nUSD to earn a fixed 5% yield, and pair USDT/USDC with nUSD to earn additional Gryphon rewards.Stake: Stake nAssets to receive incentives and rewards, amplifying your overall staking rewards. Gryphon facilitates increased capital efficiency and flexible deployment.
Why Build on Injective?
Injective, as a platform, aligns with Gryphon’s mission to reshape the financial system. It offers advantages at every layer of the stack, optimizing dApps for distinct advantages and unlocking a new design space.
Staked $INJ as the Initial Supported Asset
Gryphon starts with staked $INJ as the initial supported asset for borrowing, providing users with a familiar and valuable asset to engage with Gryphon’s features.
Conclusion
Gryphon’s Vision for Injective Gryphon aims to become the leading on-chain lending market for staked assets within the Injective ecosystem. Seamlessly integrating liquidity across multiple chains without the need for cross-chain operations, Gryphon introduces a robust native money market to enhance staking strategies.
Experience More Capital Efficiency
Gryphon enables you to move your funds wherever they make the most sense for you, offering increased capital efficiency and flexible capital deployment.
Join Gryphon on Injective
Embark on a high-stakes adventure with Gryphon, where ancient myths meet modern strategy. Gryphon is set to redefine LSD staking on Injective, providing users with limitless possibilities for their staked assets.
#crypto2023 #CryptoEcosystems $INJ

The COO of Dubai International Financial Center (DIFC) praises Ripple’s annual conference, Ripple Swell.
Read more on: https://thecryptobasic.com/2023/11/09/coo-of-dubai-international-financial-center-praises-ripple-swell/
#Ripple-XRP #CryptoSimple #CryptoEcosystems #CryptoNews🔒📰🚫 #cryptonewstoday