Bitcoin
Business
Kaiko believes that the USDT depegs through the month of August wasn’t bigger news because they haven’t been “as dramatic” as ones in the past in pure price terms.
Regulation
The SEC has delayed its decision on whether to approve or deny spot Bitcoin ETFs from all existing applicants, including BlackRock and Fidelity.
The bankrupt crypto lender has asked the court for permission to convert the remaining trade-only assets in user accounts into stablecoins that can be withdrawn.
Three groups of creditors opposed a restructuring agreement that would see them recover between 65% to 90% of their claims.
DeFi
The U.S. District Judge who tossed the complaint is also overseeing the SEC’s case against crypto exchange Coinbase.
Ethereum
The blockchain re-enabled the upgrade to give users access to their accounts after facing a significant amount of backlash from the community.
Prosecutors argued that all seven proposed expert witnesses should not be permitted to testify before a jury.
A former SEC official believes that the court documents introduced “under seal” could contain information about a criminal investigation or prosecution from the DOJ.
The firm expects that the Base version of USDC will replace the USD Base Coin (USDbC) that users have been relying on as a substitute.
