Analyses

Daily News Summary 26/7

July 26, 2024 Tóth Balázs
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Jersey City Pension Fund to Invest in Bitcoin ETFs

The mayor of Jersey City, New Jersey, has announced that a portion of the city’s pension fund will be invested in Bitcoin ETFs, with the process expected to be completed by the end of the summer. This move follows Wisconsin’s announcement in May that it holds $163 million worth of spot Bitcoin ETFs.

Cardano's Chang Hard Fork Preparation

Cardano’s ecosystem organization, Intersect, has announced the introduction of Node 9.1.0. This update is described as the final version before achieving on-chain decision-making capabilities. This step advances Cardano’s self-sustaining governance ecosystem and serves as a precursor to the Chang Hard Fork.

Starknet to Become Interoperable

StarkWare, the developer behind Ethereum’s layer 2 solution Starknet, has announced a collaboration with Informal Systems to integrate the Cosmos-based Inter-Blockchain Communication (IBC) protocol. This integration will allow Starknet to connect with any IBC-compatible chain, including all chains within the Cosmos ecosystem and other compatible networks outside of it.

BitFlyer Acquires FTX Japan

BitFlyer Holdings has announced the completion of its acquisition of FTX Japan. The new business division plans to offer crypto custody solutions for institutional investors and aims to launch potential crypto-based exchange-traded funds (ETFs) in the future.
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