The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.

Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9 of the bankruptcy plan approved by Celsius creditors overwhelmingly on Sept. 27. Under the plan, around $2 billion in Bitcoin (BTC) and Ether (ETH) will be redistributed to Celsius creditors along with equity in NewCo. The company has said it hoped to begin reimbursement of creditors by the end of the year.

Judge Martin Glenn’s bankruptcy plan confirmation. Source: Stretto

Many of the Celsius…

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Taiwan’s financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country’s first security token offering (STO) license to Cathay Securities.

According to local news reports on Nov. 9, Cathay received regulatory approval for its “Sunshine Green Yield” STO bonds with a time to maturity of six years, initial annual interest of 3.5%, and an initial principal amount of 30 million New Taiwan Dollars ($0.93 million).

Through the token subscriptions, enterprise owners can purchase green electricity on the market for environmental, social, and corporate governance initiatives under favorable conditions and receive variable interest rate payments of up to 5.8% per year….

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Bitcoin (BTC) price is up today, rising to an intra-day high of $37,972 before retracing below $37,000. The rally to a new year-to-date high comes as hype around a spot BTC exchange-traded fund (ETF) resulted in a wave of short liquidations, pushing prices across the crypto market higher. 

Bitcoin price. Source: TradingView

Let’s look into the reasons why Bitcoin price is up today.

Institutional interest in Bitcoin boosts market sentiment

Despite a bevy of macro headwinds, Bitcoin price continues to push higher, achieving a 121% year-to-date gain and options market data shows traders angling toward the $40,000 level. The price move of the last two weeks sent the Crypto Fear and Greed…

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Crypto equities began to look like digital assets themselves Thursday morning as stock prices soar on continued bitcoin ETF optimism.

MicroStrategy, Coinbase and Marathon Digital clocked double-digit rallies, with mining operation Marathon leading the pack after jumping more than 17% after the open. 

Competing bitcoin mining shop Riot Platforms wasn’t far behind, posting just under 10% gains at time of publication. Galaxy digital followed suit with a roughly 6% rally. 

Bitcoin continued its rally Thursday, although related stocks far outpaced the cryptocurrency itself. 

Bitcoin (BTC) rallied as much as 6.4% before paring gains to around 1.5% higher. Bitcoin remains up around 31%…

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DeFi depends on liquidity providers (LPs), but LPs can face an uphill battle in generating yield. Steer Protocol announced on Thursday that it is integrating its so-called Smart Pools on Sushi to try and make liquidity provision more attractive.

Steer’s Smart Pools take some data off-chain and automate aspects of liquidity management to increase efficiency for LPs. The Smart Pool integration comes as Sushi weighs an overhaul of its tokenomics and its native SUSHI token gets swept up in a market rally.

LPs put capital in pools that automated market makers (AMMs) like Sushi use to create order depth for DeFi assets. Providing capital as an LP can be inefficient because of…

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BlackRock has apparently registered an Ethereum trust in the state of Delaware, which is possibly a first step toward an Ether (ETH) spot exchange-traded fund (ETF). 

BlackRock registered an analogical Bitcoin (BTC) trust in June, shortly before filing with the United States Securities and Exchange Commission (SEC) for a Bitcoin ETF. 

The entity has been registered by the state’s Division of Corporations with a formation date of Nov. 9. The agent registered is Daniel Schweiger at the address of BlackRock in Wilmington, DE. According to LinkedIn, Schwieger is a BlackRock managing director. 

Related: SEC’s first window to approve all 12 spot Bitcoin ETFs to begin today

ETH has risen…

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Laser Digital has introduced an Ethereum Adoption Fund aimed at institutional investors, the firm announced on Thursday. The company is a digital assets-focused affiliate of Japan-based investment bank Nomura.

This new product invests in long-only spot ether positions and deploys “a yield enhancement strategy” by staking ETH held by the fund.

The process “maintains daily liquidity in the fund whilst offering a staking facility which gives an approximate yield of 5.5%,” according to Fiona King, Laser Digital Asset Management’s head of distribution.

Demand for this product is coming from pension funds, family offices and asset managers — as well as from private banks offering…

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Binance launched its new Web3 wallet on Wednesday during the Binance Blockchain Week conference in Istanbul.

The Binance wallet is designed to simplify user interaction with DeFi applications by integrating multiple blockchains.

This launch puts Binance alongside other major centralized exchanges like Coinbase and OKX which have already established their presence in the Web3 wallet space, and newer players like Bitget. Coinbase, for instance, first introduced a mobile self-custodial wallet in 2017, and upgraded it significantly in 2022.

Binance’s effort is integrated within the Binance app and is described as keyless and seedless, while still being a self-custodial wallet that many…

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Professionals navigating the tech industry have seen more than their share of ups and downs recently. The employment environment has swung from talent shortages, with companies of all sizes scrambling to land and keep tech talent, to rounds of layoffs at industry giants like Amazon, Google and Microsoft. Forward-looking developers may well decide it’s time to stop focusing on Web2 companies and products and start learning the ins and outs of the burgeoning Web3 world.

While crypto companies are eager to welcome the next generation of Web3 devs, the process isn’t as simple as updating and sending out a résumé. Web3 is a whole different ecosystem with new technology and fresh ideas,…

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