The SEC has been facing increasing levels of scrutiny and criticism over its less than ideal approach to regulating the industry. It has come under fire from various industry leaders and a bill to dismiss the chairperson has even garnered support from several lawmakers. Let’s find out more. 

Bitcoin 

The world’s largest asset manager, BlackRock, has filed an application for a Bitcoin spot exchange-traded fund (ETF). 

However, there are concerns that Blackrock could, in one fail swoop, take control of Bitcoin. 

Crypto exchange Binance has announced the launch of its new subscription-based Bitcoin cloud mining services. 

The Federal Reserve did not raise rates for the first time since the inflation-inspired start of its rapid interest rate expansion. However, crypto continues its downward slide.

Ethereum

The Bank of China (BOCI) has made history by issuing tokenized securities on the Ethereum blockchain in Hong Kong. 

DeFi

Frax Finance has unveiled its plans to roll out an Ethereum Layer 2 blockchain, aptly named Fraxchain.

Uniswap recently disclosed its preferred choice for handling non-Ethereum deployments in its cross-chain bridging operations: Wormhole and Axelar.

Uniswap has also unveiled plans for Uniswap v4

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Author: Amara Khatri

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