The past week crypto community members waited anxiously for the decision of the U.S. Securities and Exchange Commission on spot Ethereum ETF. Besides that significant occurrence, other notable matters that caught attention include the Bitcoin Whitepaper reinstatement and the reintroduction of XRP trading by Coinbase to New York residents.
US SEC Approves 8 Spot Ethereum ETF
About 20 weeks after the approval of the spot Bitcoin ETF, the United States Securities and Exchange Commission green-lighted 8 spot Ethereum ETF applications for trading. The historic approval surprised many analysts who had varying degrees of doubt and speculations about the decision of the SEC.
Prior to the approval, Grayscale withdrew its 19b-4 for the Ethereum Futures ETF while others like Fidelity Investments made a major shift by updating their filing. In Fidelity’s amended S-1 application, the company dropped ETH staking from its Ethereum ETF filing.
The U.S. SEC spot Ethereum ETF product approval now places Ethereum as an asset that institutional investors can bet on in a regulated manner. The major exchanges that will host these products include NYSE Arca, Cboe, and NASDAQ.
Bitcoin Whitepaper Returns to Bitcoin.org
After about three years of absence due to a Copyright claim by Craig Wright, the Bitcoin Whitepaper was reinstated on the Bitcoin.org website. This followed the ruling of UK judge James Mellor which determined that Wright was not Satoshi Nakamoto, the mysterious creator of Bitcoin.
Judge Mellor, in the case involving the Crypto Open Patent Alliance (COPA), and Craig Wright, determined that Wright lied to the court. According to Mellor, “Craig Wright lied “extensively and repeatedly” in both his written and oral evidence.”
With the verdict, Hennadii Stepanov, a maintainer for the Bitcoin.org website, shared a link to the re-upload of the Bitcoin Whitepaper for readers. However, Wright is free to appeal the judgment.
Coinbase Reintroduces XRP Trading to New York Residents
Coinbase exchange introduced XRP trading again for New York residents after about 4 years of delisting it, amid an SEC lawsuit.
As per Coinbase Chief Legal Officer, Paul Grewal, the development was in collaboration with the State authorities and a response to users’ complaints.
Market watchers projected that with the reintroduction, XRP will get more liquidity as a result of potential accumulation, leading to a potential increase in its price.
Kabosu – Dog Behind Famous Dogecoin Dies At 18
Kabosu, the iconic dog behind the memecoin revolution that birthed Dogecoin, Shiba Inu, and others died at the age of 18. The announcement of Kabosu’s death was shared by the official DOGE X account which left many members of the community feeling gloomy.
According to the post, Kabosu died peacefully in the arms of her owner on May 24. Following the news of Kabosu’s demise, other dog-themed memecoin projects such as Floki also paid homage to the iconic dog.
Notably, in a tribute to Kabosu, Cardano founder Charles Hoskinson took to X to share a memetic statement. Hoskinson posted a GIF image captioned
“I have been and will always be your friend,” and he added, “Doge to Bitcoin.”