Grayscale Wins Lawsuit Against SEC While Agency Settles First NFT Case and Friend.Tech Hype Crashes
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If you’ve been dreaming about a bitcoin spot ETF, it’s time to talk to someone outside the crypto world. This is coming from someone who literally had a dream about them this week. pray for me.
There was a wave of jubilation throughout the crypto community this week as Grayscale won a lawsuit against the SEC regarding its bitcoin spot ETF application. Although there is still a 45-day review period, many believe this is a step in the right direction.
Although it was a victory for the digital asset firm, the SEC was also making separate headlines for its lawsuit against an NFT project that was fined $6 million.
Meanwhile, in decentralized social media land, the Friend.tech hype — which I covered and exposed the skepticism of the community — has fallen due to a drop in daily transactions. details below.
this week in web3
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