Grayscale Launches New Trust For Institutional Solana (SOL) Exposure – November 30

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,129

Bitcoin price has kicked off Tuesday at the same price as yesterday morning, following a mild whipsaw movement overnight.

Top-20 altcoins are mostly up over the last 24 hours, as Ethereum gains 3%, Cardano falls 3% and Shiba Inu stands out with a 14% rise.

Top Stories for November 30, 2021 πŸ”₯

πŸ‘‰ Grayscale Launches New Trust For Institutional Solana (SOL) Exposure

Crypto asset management giant Grayscale has launched a new trust for accredited investors to gain exposure to Solana (SOL).

The Grayscale Solana Trust comes two months after the launch of a similar Solana product by competitors, Osprey Funds. For Grayscale, it will represent their 16th product available to investors, which includes a combination of single-asset and basket funds.

πŸ‘‰ Bancor Launches “Bancor 3”, Featuring New Pools And IL Protection

Bancor, one of the original automated market-maker (AMM) platforms, has launched Bancor 3 – a third version of its protocol.

The new version includes brand new staking pools, as well as upgrades to mechanisms that protect against impermanent loss (IL). One pool upgrade called “Omnipool” will enable the creation of a single pool to stake BNT that offers yield from the entire network.

πŸ‘‰ Coinbase Acquires Israeli Cryptosecurity Firm Unbound Security

Cryptocurrency exchange Coinbase has acquired Unbound Security, a cryptographic security firm based in Israel, for an undisclosed sum.

Unbound Security is considered a pioneer in a type of cryptography called multi-party computation (MPC), which may allow crypto assets to be used and stored in a more secure and flexible way.