Archive for  June 2023

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According to the WSJ, the Securities and Exchange Commission (SEC) said that the filings for spot bitcoin-ETFs “are neither exhaustive nor clear.”
The regulator returned the documents for revision.
The Cboe Exchange has already said it will correct the application and file it again.

Revolut will delist ADA, MATIC and SOL as the U.S. Securities and Exchange Commission (SEC) has recognized them as securities.
The delisting date is unknown, but some users who have already received mailings from the app have reported that full support for the assets will stop on September 18.

Polygon Labs published the Polygon 2.0 architecture.

They have proposed four layers of protocols: Staking Layer, Interop Layer, Execution Layer and Proving Layer.
Staking Layer is a PoS-based protocol that uses MATIC to provide decentralization and provide validators with revards.
Interop Layer – provides secure messaging between networks and is built on the LxLy protocol (used on Polygon zkEVM).
Execution Layer – allows any network on Polygon to create consecutive blocks.
Proving Layer – A powerful and flexible verification protocol. It validates all transactions on the network. The layer assumes three components:

The decentralized PancakeSwap exchange has officially launched on the beta version of the Polygon zkEVM network.
Thanks to the new integration, commissions on the exchange will be reduced to between 0.01% and 1%.

Canadian asset management company 3iQ will begin offering ETH stacking services in its Ether Fund and Ether ETF exchange-traded funds.
The service will launch Aug. 28.
The partner of the project will be the exchange Coinbase: which will provide the necessary infrastructure and become the custodian.

Both funds were launched in 2020 and are traded on the Toronto Stock Exchange.

Asset management company Fidelity has reapplied for a spot bitcoin-ETF.
BlackRock, Invesco and Wisdomtree had previously filed similar applications.

Compound CEO Robert Leshner has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a tokenized short-term government bond fund.
The Superstate fund will be launched on the Ethereum blockchain.
In addition to U.S. bonds, the fund will also invest in government agency securities and other government instruments.

King Charles has approved the UK’s Digital Assets and Stablecoin Bill.
The bill has now officially become law, and cryptocurrencies in Britain have become a regulated financial instrument.
Regulators of the market will be the UK Treasury, the Financial Services Authority, the Bank of England and the Payment Systems Regulator.

The Solana-based Cardinal protocol announced its closure, explaining the decision by macroeconomic factors.
In 2022, the project raised $4.4 million from Solana Ventures, Alameda Research, Protagonist, Animoca Brands and others.
Cardinal provided NFT services related to token leasing, stealing, storage, etc.

According to FinanceFWD, the German Financial Supervisory Authority (BaFin) made an internal decision not to issue Binance a cryptocurrency custodian license and prohibit the company from placing its ads in the country.
Previously, Binance withdrew its application for a license in Austria and cancelled applications in Cyprus and the UK.
Binance said it continues to work with German regulators.