Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for November 6-12, 2023

Weekly Crypto Digest for November 6-12, 2023

Monday, November 13, 2023

In the latest issue of Weekly Crypto Digest read more about how Bitcoin approaches $38,000, Nasdaq Confirms BlackRock's Ethereum ETF, Grayscale began negotiations with the SEC about converting GBTC, SEC has problems with hiring crypto specialists, and more news.

Bitcoin approaches $38,000

Last week, the quotes of the first cryptocurrency once again confidently rose above $35,000, and on Thursday, November 9, they approached $38,000.
On Binance, the rate immediately reached $37,972.
At the end of the week, Bitcoin consolidated above $37,000, and Ethereum above $2,000.
All digital assets from the top 10 by capitalization ended the week in the “green zone”. The biggest gainers were Solana (+44.3%), Cardano (+14.7%) and Dogecoin (+12.8%).

Grayscale began negotiations with the SEC about converting GBTC

The SEC is discussing with Grayscale Investments the details of a possible conversion of the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.
The regulator began negotiations after Grayscale resubmitted its application to the SEC. If the decision is positive, GBTC will begin trading shares on the NYSE Arca exchange.

Binance launched its crypto wallet

Binance launched its crypto wallet

Binance, the cryptocurrency exchange, announced the launch of a Web3 wallet, which is available to users through the platform’s mobile application.
The extension was announced personally by the head of the company, Changpeng Zhao, at Binance Blockchain Week conference in Istanbul.
The utility runs in the main Binance trading application and uses multi-party computing (MPC) technology that splits private keys into three parts and stores them on different servers.

Drive organic growth for your tokens with Yellow Capital's Crypto Market Making services.

Our team of experts specializes in creating a sustainable and profitable crypto market for your tokens through our proven strategies including crypto market makingalgorithmic trading, liquidity provision, token growth, and crypto exchange listing.

Yellow's algorithmic trading infrastructure can connect to over 100 exchanges, and our constantly evolving architecture is compatible with all major Blockchain protocols.

Schedule a Call now with Yellow Capital

SEC spoke about problems with hiring specialists in the field of cryptocurrencies

The US Securities and Exchange Commission (SEC) has difficulty attracting specialists from the cryptocurrency sector. Says the inspector general's report.
The document states that professionals are reluctant to work for the agency due to the requirement to sell their digital assets to obtain a position.
SEC staff told The Block that such a ban harms recruiting, as candidates are often unwilling to give up their crypto assets for a job.
The SEC Inspector General's report called cryptocurrencies "an area that is evolving" and presents particular challenges for the agency. In addition, the report noted that the rapid growth of crypto assets is one of several “evolutionary risks.”

Nasdaq Confirms BlackRock's Application to Launch a Spot Ethereum ETF

BlackRock's registration proposal to launch the iShares Ethereum Trust, a spot ETF based on the second-largest cryptocurrency by capitalization, was confirmed by Nasdaq. The exchange filed a corresponding application with the SEC on behalf of the investment giant.
If approved, the product will be listed on the platform.
According to the document, Coinbase will act as the custodian of the ETF. The company is also named in a joint surveillance agreement to prevent fraud and market manipulation.

Hackers hacked Poloniex exchange wallet worth $28 million

PeckShield specialists noticed many suspicious transactions related to the wallet of the Poloniex crypto exchange. They tagged Tron founder Justin Sun in their post.
Hackers withdrew most of the funds from the specified address in a short period. The wallet balance dropped from $28 million to $800,000.
Poloniex announced a temporary suspension of the wallet. The exchange team stated that they will keep users informed of all updates.

Justin Sun commented on the Poloniex wallet hack. He said that the case is already under investigation:

Hackers hacked Poloniex exchange wallet worth $28 million

We are currently investigating the Poloniex hack incident. Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds.
Justin Sun also offered the Poloniex hacker a 5% reward. According to him, the hacker has 7 days to consider this proposal before the management of the exchange contacts law enforcement agencies.

customer1 png

Hi, I am Alexis Yellow

Chairman of Yellow Capital

Are you ready for a wild career transition? I went from launching rockets into outer space at the European Space Center to helping Token Issuers launch their Crypto Projects!

Yellow Capital provides advisory services, strategic investments, and prime crypto market making.

Join me on this journey as I share my experiences and expertise in the crypto world, and maybe we'll even launch a few successful projects together!

1 png


Private Rounds

- Early stage pre-listing
- Investment and Incubation

Market Making

Token Issuers

- We are Prime Market Makers for the projects we invest into.

Increase Your Cash Flow

Listed Tokens

- We buy up to $5,000,000

Exclusive For the Projects We Invest In

Get Free Market Making

Our investment strategy involves providing deep liquidity crypto market making to the projects we invest in. This approach allows us to ensure continuous and substantial liquidity in exchanges. By doing so, we aim to increase market efficiency and reduce price volatility. We help to stabilize prices and reduce the bid-ask spread, which can lower transaction costs for traders. This usually attracts more traders to the markets, by making it easier and less risky to trade your token which can help to increase the overall liquidity and trading volumes both for the benefit of traders and issuers. However, we recognize that providing liquidity also comes with potential risks, which we carefully evaluate and manage as part of our investment decision-making process.