Friend.tech, Crypto’s latest fad, didn’t drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain’s efforts to scale by fostering supplemental “layer-2” networks, like Coinbase’s new Base, are bearing fruit.Source
The latest price moves in bitcoin (BTC) and crypto markets in context for August 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Federal prosecutors say the FTX founders’ access to technology in pre-trial detention goes “above and beyond ” that which other defendants have been offered.Source
The ruling increases the likelihood the SEC might approve all bitcoin spot ETF applications together, the report said.Source
Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.Source
“It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future,” one trader said.Source
Approval is the first step in acquiring a full license for Seba Hong Kong to deal in crypto or virtual assets-related products and traditional securitiesSource
The SEC must review its rejection to convert the Grayscale Bitcoin Trust into an exchange-traded fund, the appeals court ruled Tuesday.Source
The crypto industry’s campaign to set up exchange-traded funds (ETFs) has now pushed the U.S. Securities and Exchange Commission against a wall with Grayscale Investments’ consequential court win, but it’s still up to the agency to decide whether to retreat or keep fighting.Source