Welcome to This Week in Crypto, where we break down the biggest headlines shaping the digital asset space. From shifting ETF timelines to blockchain milestones, here’s what’s been making waves this week:

Here’s a quick look at what’s new:

  • SEC delays ETF decisions: The SEC postponed decisions on several crypto ETF applications, including proposals tied to Ethereum staking, Solana, and XRP.
  • Dormant Bitcoin whale resurfaces: A wallet untouched since 2012 moved 137 BTC, with some sent to Kraken, suggesting possible profit-taking after originally buying in at $12 per coin, now worth around $115,000 each.
  • London Stock Exchange launches blockchain platform: LSEG unveiled a Microsoft-powered system for private funds, becoming the first major global exchange to adopt this tech.

Let’s take a closer look at what it all means for the crypto space this week!

SEC Delays Decision on Crypto ETFs Including Ethereum, Solana, and XRP

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several crypto-related ETFs, including those tied to Ethereum staking, Solana, and XRP. These delays affect applications from major firms like BlackRock and Franklin Templeton. The move comes as the SEC continues to work on a broader rule system for how crypto ETFs could be approved in the future.

  • The SEC is considering a new framework that would make it easier to list crypto ETFs if certain requirements are met.
  • The delayed applications could now be reviewed as part of a larger decision batch expected in October.
  • There are currently over 90 crypto ETF filings, covering a range of tokens and investment structures.

The proposed framework would allow ETF sponsors to follow a more standard process instead of filing for approval one by one. While the SEC has not approved these new ETFs yet, the groundwork being laid could lead to faster decisions in the near future.

Dormant Bitcoin Whale From 2012 Moves Millions for the First Time

A Bitcoin wallet that had been inactive since 2012 has suddenly moved 137 BTC, now worth about $15.6 million. The coins were originally acquired when Bitcoin was just $12, and the wallet’s total value is now over $108 million. Some of the Bitcoin was sent to crypto exchange Kraken, hinting at a possible sale.

  • The wallet is part of a larger trend of long-term holders moving Bitcoin after years of no activity.
  • More than 604,000 BTC aged 3 to 5 years have been moved since March, according to on-chain data.
  • Analysts believe these moves could be profit-taking or rebalancing toward other cryptocurrencies like Ethereum.

These kinds of wallet movements are rare and tend to draw attention, especially when tied to early holders. Whether selling, rebalancing, or something else, it’s a clear sign that long-term holders are becoming more active.

London Stock Exchange Unveils Blockchain Platform for Private Funds

The London Stock Exchange Group (LSEG) has launched a new blockchain-powered system for private funds. This marks the first time a major global stock exchange has introduced such a platform. Built with Microsoft technology, the system is designed to bring digital asset processes closer to traditional finance.

  • The platform, called Digital Markets Infrastructure (DMI), covers issuance, tokenization, and settlement of assets.
  • Private funds are the first asset class available, with plans to expand to others in the future.
  • Early partners include MembersCap and Archax, with the debut transaction involving the Cardano Foundation.

By bridging blockchain with traditional systems, the exchange aims to provide a more efficient path for managing private funds. The move positions LSEG as a leader among global exchanges adopting digital infrastructure.

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