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Today: What Grayscale's victory really means 🏆🐦🇭🇰

Author

Valko
August 30, 2023

Today’s Top Stories ⌐◪-◪

  • 🏆 Grayscale wins landmark lawsuit against the SEC

  • 🐦 Elon Musk obtains crypto payments license for X (Twitter)

  • 🇭🇰 Swiss SEBA Bank gets approval for crypto services in Hong Kong

Grayscale wins landmark lawsuit against the SEC

Grayscale secured the second major win for crypto against the SEC following Ripple’s favorable ruling last month.

⌐◪-◪ → This victory paves the way for Bitcoin Spot ETFs, with 6 approval deadlines around the corner: including ARK, BlackRock, Fidelity, and more. The SEC will need a strong case to deny these.

Elon Musk obtains crypto payments license for X (Twitter)

X, formerly Twitter, has taken another step towards providing crypto and fiat payments after gaining a currency transmitter license in the U.S. state of Rhode Island.

⌐◪-◪ → Elon could single handedly bring crypto to the masses with X’s 450 million users. This could happen faster than we realize, Elon likes to disrupt & knows the payments space well (PayPal).

Swiss SEBA Bank gets approval for crypto services in Hong Kong

The crypto bank is expected to be licensed in Hong Kong to deal in securities, including crypto-related products, the company said today.

⌐◪-◪ → SEBA will be one of the 1st licensed entities to offer crypto investment services in Hong Kong. This opens up a previously untapped pool of capital for the entire industry. Bullish.

Peripheral Vision ⌐◪-◪

Crypto

  • Ethereum Execution Layer Specification (EELS) ready after 1 year

  • Tether teams up with private bank to process dollar transfers

  • Zengo adds crypto “inheritance” feature to their keyless wallet

  • OpenZepplin launches Defender 2.0 powered by machine learning

  • Polygon unveils Chain Development Kit for Ethereum Layer 2s

  • Bitboy vs. Bitboy Crypto situation escalates as Ben fights back

  • BTC Maxis rally behind Interlay’s “BOB” Build On Bitcoin product

Global

  • EOS is back after securing regulatory approvals in Japan

  • Binance Japan plans to 3x number of listed tokens to 100

  • South Korean lawmaker Kim Namkuk narrowly survives expulsion

  • Binance launches Send Cash in Latin America

  • Mercado Pago, the Amazon of LATAM, partners with Circle

NFTs

  • Animoca TinyTap building AI tools for NFT educators

  • Snowfro announces historical final mint of 66 Chromie Squiggles

  • Beeple adds tickets to his CryptoPunks party for non-holders

Wall Street

  • Robinhood ends crypto business with market maker Jump Trading

  • Moonpay launches investment arm, MoonPay Ventures

Legal & Regulatory

  • Judge denies ForUSAll's claims against Labor Department

  • Secret court filing suggests Binance is in over their heads

  • BlockFi proposes conversion of client assets into stablecoins

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