What’s All the Fuss About Bitcoin ETFs?

Fake news of SEC approval for a spot Bitcoin ETF sent markets higher. Why are traders so obsessed with this new product?Source

Manta’s Layer-2 Blockchain Already Plans to Ditch OP Stack for Polygon

The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.Source

The Ripple Effects of a Spot Market Bitcoin ETF

Financial giants including BlackRock and Fidelity are looking to launch a bitcoin investment vehicle for people who do or cannot hold bitcoin directly.Source

What’s Next for Grayscale, Spot Bitcoin ETF After SEC Declines to Appeal Court Loss?

One analyst believes SEC Chair Gary Gensler has little choice but to soon approve the long-awaited vehicle.Source

Genesis Ordered to Comply With Terra Subpoena Within 5 Days

The crypto firm failed to comply with requests made as part of a probe into the collapsed stablecoin, a New York judge saidSource

Binance to Stop Accepting New U.K. Users to Comply With Ad Rules

The firm will stop accepting new users starting Monday after U.K. regulator FCA last week restricted Binance’s local partner from approving crypto ads.Source

Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024

Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.Source

Upbit Receives Preliminary ‘In-Principal’ Approval in Singapore

The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.Source

Internet Computer’s Dfinity Is Building Carbon Credit-Inspired Tech for Waste Management

The foundation is working with management consultancy Roland Berger who introduced the Voluntary Recycling Credits (VRC) standard in June, inspired by the carbon credit market.Source