😲 Do Kwon at the Risk of Extradition to U.S.
In this edition we explore Do Kwon’s potential extradition to the U.S., the tokenization of historical sites, the recent meeting between Fidelity and the SEC and more.
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🤔 Do Kwon at the Risk of Extradition to U.S.
On December 7th, the Wall Street Journal revealed supposed plans to extradite Do Kwon to the U.S. The U.S. and South Korea have been vying to try Kwon for months, as he has been held in Montenegro. According to the WSJ, a Justice Minister in Montenegro has reportedly decided to send Kwon to the U.S. in light of the criminal charges linked to the collapse of TerraUSD and Luna.
🌐 Historical Sites Tokenized on Solana Blockchain
A new project, Realm of Historia (ROH), aims to preserve cultural heritage through tokenization. The organization recently announced intentions to begin preserving Armenian cultural heritage through blockchain and NFTs. ROH is partnering with local businesses and museums to create scannable QR codes connected to the NFTs. The project is using the Solana blockchain to support its efforts and eventually hopes to expand to a global scale.
👀 Fidelity and SEC Meet
A report released on December 7th showed Fidelity and the SEC met to discuss their Bitcoin Trust. This follows a series of meetings between the SEC and crypto companies Grayscale and Blackrock, back in November. Analysts remain optimistic about a simultaneous approval of all spot Bitcoin ETFs.
📈Renewed Interest in Crypto
On December 4th, the Bitcoin token, ORDI, reached $1 billion in market value. On the same day, NFT trading volume exceeded 105,000 ETH, a 250% increase from prior weeks. Further, the Web3 protocol, Blast, reached $823 million in total value locked last week.
📚 N+1 Recommendations
The N+1 reading and media recommendations are sourced from our team of experts and offer weekly suggestions for learning more about blockchain, crypto, finance and technology.
This weeks recommendation is a report by Minderoo Centre for Technology and Democracy: A Distinct Absence: Why Crypto and Web3 Technologies Need Environmental, Social and Governance Frameworks
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🤩 This Week on Crypto Twitter
BTC + ETH have 71% dominance of the market
— trevor.btc — b/acc (@TO) December 9, 2023
As BTC Dominance has increased, there’s only been a slight pinch on ETH, mainly eating into other alts
Interesting to watch this over the coming bull cycle pic.twitter.com/wtM4sG0zcP
#Bitcoin is back to being a top 10 asset class by market cap 🚀 pic.twitter.com/RA5r2nntnj
— ZacG (@zacguignard) December 5, 2023
On Nov. 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales consistently went up, from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 5. pic.twitter.com/ixPcQ6Fme7
— Cointelegraph (@Cointelegraph) December 9, 2023
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N+1 Insights is meant for informational purposes. It is not meant to serve as investment advice.