Here are some of the major developments from the world of crypto over the past few days
BlackRock’s registration of an Ethereum trust, iShares Ethereum Trust, could be a step towards the creation of a spot Ether exchange-traded fund (ETF) and could signal an upcoming filing with the US Securities and Exchange Commission (SEC), according to analysts.
Shortly before submitting an application for a Bitcoin ETF to the SEC, BlackRock established its Bitcoin trust in June 2023. The Division of Corporations of the state has registered iShares Ethereum Trust with the establishment date set as November 9, 2023. Daniel Schweiger, who is listed as the agent registered at BlackRock in Wilmington, DE, is incidentally a managing director at BlackRock.
Incidentally, iShares is a trademark of BlackRock.
Blockchain gaming firm Immutable has announced a partnership with AAA game developer Ubisoft’s Strategic Innovation Lab to develop Web 3.0 games.
According to a statement provided to Cointelegraph, the two studios would pool their resources to integrate Web 3.0-enabled features with mainstream game production quality.
Nicolas Pouard, who heads Ubisoft’s Blockchain initiative, noted that Immutable’s existing Blockchain infrastructure and its experience integrating decentralised functionality into games were vital drivers of the partnership. “We’re excited to partner with them and look forward to bringing that level of fluidness within a full-fledged game, so players only have to focus on the fun of the experience,” he said.
Cryptocurrency exchange Bitget’s trading app now includes a decentralised finance (DeFi) aggregator that lets users exchange tokens and utilise its Web 3.0 Wallet to access DeFi services. The initiative, according to Bitget, intends to give customers choices for exchanging their cryptocurrency assets on the exchange.
According to Grace Chen, managing director of Bitget, the software will also progressively incorporate other features, including a decentralised application, a non-custodial wallet, and a non-fungible token (NFT) marketplace.
Chen further told Cointelegraph that the wallet for DeFi trading will support the majority of the currencies listed on the exchange. Chen added that the swap feature combines liquidity from 10 decentralised markets, such as Curve Finance, PancakeSwap, and Uniswap.