The decision, which the entire crypto world has been waiting for with curiosity and excitement, was announced yesterday evening. Bitwise and Grayscale's Spot Bitcoin ETF-ETP applications were rejected by the SEC. The approval of these applications was that it would reflect quite positively on the market by most crypto experts. However, the general market expectation was that it would be rejected, and the SEC rejected both applications.
Grayscale Spot ETF Takes Its Decision to the Court!
Upon the rejection of the Spot ETF application, which has been awaited for months in the news we gave above, Grayscale CEO Michael Sonnenshein, who said in all his previous statements that they were ready for every outcome and would not hesitate to take the case to court, said yesterday that they were very disappointed with the decision and that they would take this process to court.
3 Critical Decision About Arrows Capital
The news that 3AC, which has never fallen off the agenda for the past 2 weeks and has affected the market quite negatively, has reached the stage of bankruptcy because it cannot pay its debts. 3AC Celsius, which owes money to almost all crypto asset borrowing companies, has also created major problems for companies such as Voyager and BlockFi. A court in the British Virgin Islands ordered 3AC to liquidate their holdings. Company officials said they were doing their best and were looking for a solution.
Polkadot Transitions to New Management System
Polkadot announced the transition to a new on-chain management model. The new Gov2 model aims to increase the number of decisions made by the Polkadot administration while improving the decentralization and inclusiveness of these decisions. The model will undergo professional inspection for the last time and be released.
MicroStrategy Continues to Spread Hope in the Market
MicroStrategy, one of the leading companies in institutional crypto investments, announced that it buys BTC at this time when almost everyone plans to reduce their holdings. According to the statement made by the CEO of the company Michael Saylor, the company has added $ 10 million worth of BTC.
Positive Development Regarding Crypto Assets
During this period when the crypto asset market has stabilized in price, there has been a huge increase in the amount of money locked into the DeFi ecosystem. Since June 20, there has been a 7.19% increase in the ecosystem.
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