MKR Surges on Spark Protocol’s Multi-Chain Expansion; Valkyrie Refiles Application for Spot Bitcoin ETF

Daily Top Mover  — Maker (MKR) 

The U.S. equities stayed flat as the major cryptocurrency restreated from the period high. The top mover for today is MKR, which soared by 48.9% in the past week as Spark Protocol expands to multi-chain.

MakerDAO has announced on Twitter that its DeFi lending protocol, Spark Protocol, will be expanded to multiple blockchain networks. They have also provided the process of implementing Spark Protocol in specific domains, which requires creating a Maker forum post in the SubDAO TWO category. The post should include basic information, technical details, collateral information, liquidity, and other necessary details.

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Talk of the Town

Valkyrie Digital Assets has refiled its application for a spot Bitcoin exchange traded fund (ETF) with the U.S. Securities and Exchange Commission, following BlackRock and Fidelity who also renewed their applications last week. Valkyrie's new filing includes a 19b-4 paper naming Coinbase as its partner for a surveillance-sharing agreement, which is designed to prevent market manipulation and has been a key part of all ETF applications in recent months. The ETF would be listed on Nasdaq, which has executed a term sheet with Coinbase. Valkyrie already has a bitcoin futures ETF listed on the exchange, which was approved in May 2022.