Episode Details

28th Sep: Crypto & Coffee at 8
👀Federal government shutdown 🔵 Ether ETF applications update 🔴 Binance exits Russia 🏆 Bored Ape Yacht Club + Japanese Streetwear Brand Bape 

🔥 Shutdown!
❗ A federal government shutdown is looming, set to begin on October 1 unless Congress successfully passes spending legislation. In the event of a shutdown, nonessential government functions would come to a halt. From 01st Oct, Looks like  It's black and it's pink once the sun down, When the Republicans pull up, you know it's a shutdown.  This means that federal workers would not receive their paychecks, some households may experience delays in receiving certain federal benefits, and customer service for individuals with student loans and other federal services could face significant disruptions. The longer the shutdown lasts, the greater the potential impact will be on various aspects of government services and the lives of citizens.

What does it mean for Crypto?
- Sheila Warren, CEO of the Crypto Council for Innovation, feels forward progress on bills will be stalled,
- Market sentiments could be impacted
- Most of the SEC’s investigations and enforcement activity will grind to a halt

Check out Blockchain DXB’s Crypto & Coffee at 8 podcast where we share our commentary on the Federal Government shutdown & and its impact on the crypto market. We discuss the impact on
- Risk Aversion
- Market Sentiment
- Regulatory Impact:
- Payment Processing

🗞️ Ethereum ETF update
🟠 The U.S. Securities and Exchange Commission has extended the deadlines for reviewing the applications for spot Ether ETFs submitted by ARK 21Shares and VanEck. Additionally, they have granted more time for the evaluation of spot Bitcoin ETF applications from ARK 21Shares and GlobalX, with these extensions taking effect on September 26th.

🟠 In separate notices filed Sept. 27, the SEC said it would designate a
longer period on whether to approve or disapprove of a proposed rule change that would allow listings of spot ETH ETFs from VanEck and ARK 21Shares on the Cboe Global Markets BZX Exchange. The commission said it had received no public comments on either proposal and would push the deadlines for another delay or decision to Dec. 25 and Dec. 26, respectively. Info here https://lnkd.in/dkQ8cnds

👁️ Binance has agreed to sell the entirety of its Russia business to CommEX as it looks to fully exit the market over compliance concerns. Info via CoinDesk here https://lnkd.in/djsp8TiY

👏🏻 Yuga Labs, the creators behind the Bored Ape Yacht Club (BAYC), have