“HODL,” an intentional misspelling that was first published in 2013, has become a major slogan for Bitcoiners and the crypto community. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Celebrating 10 years of the HODL meme
📍GameKyuubi was the first person to write the word HODL on the BitcoinTalk forum, in December 2013. Today, 10 years later, this misspelled word, which refers to “hold,” has become the main slogan of Bitcoiners and cryptocurrency holders who hold on to their assets, regardless of market conditions.
In 2013, on the BitcoinTalk forum, user GameKyuubi wrote a message saying “I AM HODLING,” to express that he was holding or maintaining his bitcoins. Although the word HODLING was misspelled in this message, the crypto community has adopted it as a slogan that they fully identify with.
GameKyuubi wrote a message acknowledging that there was a spelling mistake in HODLING, but the emphatic monologue that followed his message was sympathetic to many, who have eternalized it as a word of their own in the crypto industry.
BlockStream CEO Adam Back said on his X account that there was even a rap song dedicated to “HODL,” which was written in 2017.
Waiting for an Ethereum spot ETF
📍The SEC has postponed its decision on ETF proposals submitted by Hashdex, Ark Invest, Grayscale and VanEck to launch an Ethereum exchange-traded fund in the US market. The securities regulator recently announced that it will take more time to thoroughly analyze the proposals for exchange-traded funds that were submitted by several managers, who want to open the Ethereum market to US investors.
Meanwhile, asset managers seeking SEC approval to launch a Bitcoin spot ETF, including Ark Invest, Grayscale and VanEck, continue to file new amendments to the securities regulator, adjusting to its requirements for a potential mass approval next month.
Manta migrates to Celestia as its main network
📍Manta Network, built on Ethereum’s scaling protocol Optmism, is moving to the Celestia Network. Its developers announced that it is the first EVM (Ethereum Virtual Machine) layer 2 network to go live on Celestia, embracing modular data availability.
On X (formerly Twitter), Manta Network developers commented that the transition will allow the protocol to address the needs of its community and cope with its growing expansion. Manta Network co-founder and core contributor Kenny Li said that the transition to Celestia’s modular data availability framework will help it “onboard the next generation of users and cultivate the most active on-chain ecosystem in the market.”
Manta Network hopes to proactively address the growing demands of users and drive its growth across the Web3 space.
Continue reading: What to expect from the Ethereum price in 2024?
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