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<p><strong>The SEC’s reluctance to approve spot Bitcoin exchange-traded funds has become even more evident, as the agency has pushed back the deadline for its decision on the applications filed by BlackRock and other investment firms. Let’s find out more.</strong></p><h2 id="header-0">Ethereum</h2><p>A cohort of Ethereum staking providers has concurred on a <a href="https://cryptodaily.co.uk/2023/09/ethereum-staking-pools-reach-consensus-on-22-ownership-limit" rel="noopener noreferrer nofollow">self-imposed limit</a> of 22% of all staked Ether (ETH) to thwart the growing concerns of centralization within the Ethereum network.</p><p>Blockchain data indications have revealed that <a href="https://cryptodaily.co.uk/2023/08/1inch-investment-fund-acquires-10m-in-eth" rel="noopener noreferrer nofollow">1inch Investment Fund</a>, the investment arm of 1inch Network, recently acquired a substantial amount of Ether on its crypto wallet.</p><p>OnlyFans’ parent company, Fenix International, revealed that between 2021 and 2022, they had purchased almost <a href="https://cryptodaily.co.uk/2023/08/onlyfans-parent-company-reveals-ethereum-holdings" rel="noopener noreferrer nofollow">$20 million</a> of Ether.</p><h2 id="header-1">DeFi</h2><p>MakerDAO CEO Rune Christensen has proposed using <a href="https://cryptodaily.co.uk/2023/09/makerdao-ceo-proposes-using-solanas-codebase-for-newchain" rel="noopener noreferrer nofollow">Solana’s codebase</a> as the foundation for the protocol’s future blockchain, NewChain.</p><p>Instadapp has announced a new offering from their product lineup, <a href="https://cryptodaily.co.uk/2023/08/instadapp-introduces-avocado-multisig-wallet" rel="noopener noreferrer nofollow">Avocado Multisig</a>, a multi-chain multisig wallet that will serve individual crypto enthusiasts to large financial institutions.</p><h2 id="header-2">Altcoins</h2><p>Binance exchange has decided to <a href="https://cryptodaily.co.uk/2023/08/binance-to-phase-out-busd-support-in-collaboration-with-paxos" rel="noopener noreferrer nofollow">wind down support</a> for its widely recognized stablecoin, BUSD, next year in collaboration with Paxos.</p><p>Worldcoin registered a <a href="https://cryptodaily.co.uk/2023/08/worldcoin-registers-record-single-day-sign-ups-in-argentina" rel="noopener noreferrer nofollow">record number</a> of single-day sign-ups in Argentina, a country known for its enthusiasm for crypto and tech innovation.</p><p>Circle CEO Jeremy Allaire has announced that its USDC stablecoin will <a href="https://cryptodaily.co.uk/2023/08/usdc-to-launch-on-base-network" rel="noopener noreferrer nofollow">launch natively</a> on the Base Network next week.</p><h2 id="header-3">Technology</h2><p>Blockchain developer Offchain Labs has introduced a new technical implementation called <a href="https://cryptodaily.co.uk/2023/09/offchain-labs-introduces-arbitrum-stylus" rel="noopener noreferrer nofollow">Arbitrum Stylus</a> to support smart contract development in multiple languages.</p><p>Coinbase CEO Brian Armstrong has shared <a href="https://cryptodaily.co.uk/2023/08/brian-armstrong-shares-ten-of-his-favorite-crypto-innovations" rel="noopener noreferrer nofollow">ten emerging ideas</a> in the crypto space that excite him, adding that he wants to put these ideas “out in the ecosystem.”</p><p>Despite initial challenges towards the end of Q1 2023 due to an exploit in the Hedera mainnet, HBAR has seen a surge and is heading for a <a href="https://cryptodaily.co.uk/2023/08/hedera-sets-out-for-115b-token-unlock" rel="noopener noreferrer nofollow">$1.15 billion token unlock</a>.</p><h2 id="header-4">Business</h2><p>Crypto wallet Argent is working with blockchain partner Starknet to launch a startup incubator, <a href="https://cryptodaily.co.uk/2023/09/argent-and-starknet-join-forces-for-new-startup-studio" rel="noopener noreferrer nofollow">Hito Studios</a>, to allow developer teams to build startups on the latter’s Layer-2 network.</p><p>Decentralized lending platform Nexo has announced the launch of a <a href="https://cryptodaily.co.uk/2023/09/nexo-launches-crypto-mastercard-for-eea-citizens" rel="noopener noreferrer nofollow">new Mastercard</a> with features tailored for crypto users in the European Economic Area (EEA).</p><p>Crypto exchange Binance has set up a <a href="https://cryptodaily.co.uk/2023/08/binance-refocuses-efforts-for-belgian-clients" rel="noopener noreferrer nofollow">dedicated Polish entity</a> that will comply with Belgian regulations to cater to its Belgian clients.</p><p>Elon Musk’s X has received the Rhode Island Currency Transmission <a href="https://cryptodaily.co.uk/2023/08/x-granted-license-to-provide-crypto-payments-and-trading-services" rel="noopener noreferrer nofollow">License</a>, clearing the way for the platform to provide crypto payments and trading services.</p><p>BlackRock, one of the world’s largest asset management companies, has <a href="https://cryptodaily.co.uk/2023/08/blackrock-is-an-investor-in-four-of-the-biggest-bitcoin-miners" rel="noopener noreferrer nofollow">invested</a> in four of the five largest Bitcoin miners by market capitalization.</p><p>BJ Investment Holdings, the parent company of the Hit Network that controls BitBoy Crypto, has announced that it has <a href="https://cryptodaily.co.uk/2023/08/bitboy-crypto-parts-ways-with-youtuber-ben-armstrong" rel="noopener noreferrer nofollow">severed ties</a> with YouTuber and Influencer Ben Armstrong.</p><p>A mere three weeks post-launch, the decentralized social platform <a href="https://cryptodaily.co.uk/2023/08/friendtech-declines-as-trading-and-fees-plummet" rel="noopener noreferrer nofollow">Friend.tech</a> is facing intense scrutiny as key performance metrics have dwindled, leading many to pronounce it as a &#34;dead&#34; platform.</p><h2 id="header-5">Regulation</h2><p>The SEC has stated that it is <a href="https://cryptodaily.co.uk/2023/09/blackrock-made-to-wait-as-sec-delays-decision-on-bitcoin-etfs" rel="noopener noreferrer nofollow">delaying its decision</a> on spot bitcoin applications until at least mid-October.</p><p>In a filing to the United States Bankruptcy Court, District of New Jersey, BlockFi requested <a href="https://cryptodaily.co.uk/2023/08/blockfi-requests-permission-to-convert-assets-into-stablecoins" rel="noopener noreferrer nofollow">authorization to convert</a> “trade only” assets to stablecoins.</p><p>The EOS Network Foundation has announced that it has been granted <a href="https://cryptodaily.co.uk/2023/08/eos-expands-into-asian-markets-following-regulatory-nod-in-japan" rel="noopener noreferrer nofollow">whitelist approval</a> by the Japan Virtual and Crypto Asset Exchange Association (JVCEA).</p><p>United States District Court Judge Katherine Polk Failla has <a href="https://cryptodaily.co.uk/2023/08/judge-calls-eth-a-commodity-in-uniswap-lawsuit-dismissal-order" rel="noopener noreferrer nofollow">dismissed</a> the class action suit against the decentralized exchange Uniswap, calling ETH a commodity in the dismissal order.</p><p>The <a href="https://cryptodaily.co.uk/2023/08/oman-embraces-crypto-as-debate-about-sharia-compliance-rages" rel="noopener noreferrer nofollow">Sultanate of Oman</a> has embraced crypto, announcing the investment of millions in cryptocurrency mining operations.</p><p>dYdX founder Antonio Juliano has <a href="https://cryptodaily.co.uk/2023/08/dydx-founder-crypto-industry-should-give-up-on-us-markets" rel="noopener noreferrer nofollow">suggested</a> that the crypto space should “give up” on the US markets for the next five to ten years and focus on other markets.</p><h2 id="header-6">Web3</h2><p>Google Cloud has announced a <a href="https://cryptodaily.co.uk/2023/08/google-cloud-and-el-salvador-partner-for-web3-infrastructure" rel="noopener noreferrer nofollow">seven-year partnership</a> with the government of El Salvador to digitize governmental processes, along with the healthcare and education sectors.</p><p>The crypto exchange OKX is planning to <a href="https://cryptodaily.co.uk/2023/09/okx-targets-indian-web3-market" rel="noopener noreferrer nofollow">enter India</a> for its next Web3 initiative by hiring local developers and talent to expand its team.</p><p>Digital technology, particularly innovations like Web3 and blockchain, is the driving force behind the <a href="https://cryptodaily.co.uk/2023/08/hong-kongs-digital-leap-embracing-web3-and-the-future-of-entertainment" rel="noopener noreferrer nofollow">transformation</a> of the entertainment industry in Hong Kong.</p><h2 id="header-7">Security</h2><p>Hapless Brazilian YouTuber Ivan Bianco <a href="https://cryptodaily.co.uk/2023/09/youtuber-accidentally-reveals-seed-phrases-on-livestream-loses-60k-in-crypto" rel="noopener noreferrer nofollow">accidentally revealed</a> his wallet seed phrases on a livestream, resulting in him losing all his crypto worth around $60K.</p><p>Ethereum automated market maker (AMM) Balancer has put out an official disclosure to confirm that it had been <a href="https://cryptodaily.co.uk/2023/08/ethereum-amm-balancer-exploited-for-roughly-900k-following-vulnerability-warning" rel="noopener noreferrer nofollow">exploited</a> for approximately $900,000.</p><p>Magnate Finance, a lending and borrowing protocol that operates on the Ethereum Layer-2 network Base, has apparently orchestrated a <a href="https://cryptodaily.co.uk/2023/08/magnate-finance-orchestrates-rug-pull-over-6-million-stolen" rel="noopener noreferrer nofollow">rug pull</a>, stealing millions from protocol users.</p><p><em>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</em></p><p>RELATED TOPICS:  <a href="https://cryptodaily.co.uk/tags/crypto-weekly-roundup" rel="noopener noreferrer nofollow">#CRYPTO WEEKLY ROUNDUP</a> <a href="https://cryptodaily.co.uk/tags/breaking-news" rel="noopener noreferrer nofollow">#BREAKING NEWS</a> <a href="https://cryptodaily.co.uk/tags/spotlight" rel="noopener noreferrer nofollow">#SPOTLIGHT</a></p>

Crypto Weekly Roundup: SEC Delays Spot BTC ETF Decisions And More

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