Welcome to another roundup with some good news.
Last time, we added our meme of the week section to spice things up 😁.
This week, we’re including the top 4 crypto gains of the past week to help you plan your portfolio better with Coinigy.
We’d love to know what you think of this addition.
So, on the last week’s happenings. Binance.US finally got the SEC to back off from going through sensitive files.
And while that was happening, JPEX was busily imploding somewhere.
Here are the highlights from last week:
- SEC sees temporary setback in request to access Binance.US software
- Spot ETF Approval Could Unlock $300 Billion for Bitcoin, Says Morgan Creek Capital CEO
- The SEC has agreed to review applications from ARK Invest and VanEck for spot Ether ETFs
- JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
SEC sees temporary setback in request to access Binance.US software
Binance has previously characterized the SEC’s repeated requests for discovery as “unduly burdensome," while the SEC claimed that Binance is being uncooperative despite agreeing to a consent order on discovery in the SEC’s case against it for unregistered securities operations and other allegations.
Spot ETF Approval Could Unlock $300 Billion for Bitcoin, Says Morgan Creek Capital CEO
According to the CEO, the green light for a spot ETF could see a staggering $300 billion being funneled into Bitcoin. This prediction underscores the transformative potential of a spot ETF, which has long been anticipated by the crypto community. Such an approval would simplify the process of investing in Bitcoin, making it more accessible to a broader swath of investors, both institutional and retail.
The SEC has agreed to review applications from ARK Invest and VanEck for spot Ether ETFs
The SEC has reportedly acknowledged the review of two ETF applications pertaining to Ethereum. The ETF applications in question were filed by Ark Invest and VanEck.
The acknowledgment might not necessarily be an approval, but it highlights a positive step forward instead of a rejection from the regulatory authority.
JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
In a Sept. 17 blog post, JPEX said “unfair treatment” from certain institutions in Hong Kong, along with negative news, caused its third-party market makers to “maliciously” freeze funds.
Other Highlights Worth Mentioning
- Ethereum Whale makes major exchange deposit of 6,000 ETH to Kraken - The Crypto Times
- Nine bipartisan senators support Elizabeth Warren's anti-money laundering legislation - CoinDesk
- Can Bitcoin’s spot ETF approval trigger a $300 billion crypto influx? - AMBCrypto
- Stanford to return millions in crypto donations from FTX - Inside Higher Ed
Meme of the week
A rare image of the SEC looking for evidence to support the Binance.US lawsuit