Today in crypto, significant developments occurred including asset manager 21Shares filing with the SEC to launch a spot Polkadot ETF. The firm plans to list the 21Shares Polkadot (DOT) Trust on the Cboe BZX exchange. This comes four years after introducing a similar product in Switzerland, although Polkadot's recent price performance has been lackluster, with a fall of 5.16% over 12 months. Additionally, LayerZero Labs reached a legal settlement with the FTX estate regarding transactions dating back to 2022, following two years of litigation. LayerZero's CEO indicated the settlement was about creditor negotiations, stating that original repurchases had been returned. Furthermore, Errol Musk, Elon Musk's father, is attempting to raise $200 million through a memecoin project named 'Musk It' (MUSKIT) to finance a think tank. Despite its launch in December 2024, the token has lost over 52% of its value, currently trading at $0.02.

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