The Crypto Roundup: 10 June 2024

Latest price and news from the crypto space

Latest price from our hand picked list of digital assets

The New York Stock Exchange (NYSE) filed a 19B-4 Form on behalf of the investment firm for its bitcoin exchange-traded fund (ETF) last Friday. This form will kick off a 45 day review period when the U.S. Securities and Exchange Commission (SEC) acknowledges the filing.

The head of Turkey’s central bank ruled out a total ban of cryptocurrencies and said a wide range of crypto regulations is coming within two weeks.

The Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting today liquidity providers and borrowers in Aave’s USDC, DAI, USDT, GUSD, ETH, and WBTC pools will earn stAAVE rewards in addition to their standard interest yield.

Sponsored: Using a blockchain back-end architecture built around the openly tradeable Rowan Token, Rowan Energy offers home solar users’ money for the electricity they produce.

Top stories in the Crypto Roundup today:

NYSE Files to List Shares of Valkyrie’s Bitcoin ETF
Turkey’s Central Bank Head Denies Total Ban and Says Crypto Regs Coming
Lending giant Aave set to Launch Liquidity Mining Program
Sponsored: Crypto and Blockchain goes mainstream with Rowan Energy

NYSE Files to List Shares of Valkyrie’s Bitcoin ETF

(During those 45 days the SEC has to either approve or disapprove the application, or extend the review period.)

“This is something that I’ve wanted to do for five years now,” said Steven McClurg, chief investment officer of Valkyrie Investments. “It wasn’t until recently that I believed that the SEC would probably approve a bitcoin ETF. So we started working on that in earnest probably in August.”

Turkey’s Central Bank Head Denies Total Ban and Says Crypto Regs Coming

The head of Turkey’s central bank ruled out a total ban of cryptocurrencies and said a wide range of crypto regulations is coming within two weeks. Speaking on state-run channel TRT, Governor Şahap Kavacıoğlu said, "You cannot fix anything by banning crypto and we do not intend to do this."

Without giving details about the coming regulations, Kavacıoğlu indicated they would clarify the legal definition of cryptocurrencies and regulate how they should be stored by institutions.

Lending giant Aave set to Launch Liquidity Mining Program

The proposal, written by Aave investor Parafi Capital’s Anjan Vinod, notes that the goal of the program is to “drive lending and borrowing activity across markets,” as well as increase the decentralization of the protocol’s governance by distributing governance tokens to more users.

Furthermore, Aave co-founder Stani Kulechov said that the added incentives will bolster the protocol’s total value locked (TVL) significantly:

“The proposal allocates most of the rewards on stablecoins meaning that we will see substantial increase in TVL,” he said.

Crypto and Blockchain goes mainstream with Rowan Energy

Imagine a system where a tokenized blockchain-based solution is widely used by the public, simply and easily, without them ever knowing.

We've had blockchain technology for over a decade now but its tricky to use and, for non-technical users, there is a steep learning curve and multiple challenges to overcome.

This has held back the mainstream adoption we have all wanted. Luckily, Rowan Energy is changing that.

What does Rowan Energy actually?

Using a blockchain back-end architecture built around the openly tradeable Rowan Token, Rowan Energy offers home solar users’ money for the electricity they produce.

Although the users are paid in fiat, through their PayPal accounts, or via the Rowan debit card, the RWN token is used to handle the back-end payments.

As the users generate their electricity, RWN is automatically purchased from an exchange by Rowan to cover that value. When the users withdraw their money, Rowan can manage the RWN tokens’ sale to prevent adverse effects on the token price.

How much can you get using the Rowan technology?

Rowan currently offers users 10p per 1KwH they produce, and the UK home solar user, on average over a year, produces around 20KwH daily.

Rowan is currently targeting 10,000 installs in their first 12 months, meaning when that goal is hit, there will be an average of £20,000 of buys daily of RWN from exchanges as a result.

Mainstream adoption is no longer a pipe-dream. It is happening now as the first users are already live on the beta launch of the Rowan Rewards platform.

If you want to find out more, visit their Discord or Twitter, where you can see exactly what is happening in the project and ask your questions directly to the team & CEO.