Episode Details

20th March- Crypto & Coffee at 8 
🟢 Ethereum ETF update 💰Genesis to Pay SEC $21M Penalty ⚫ BlackRock to Launch a Tokenized Asset Fund 🔵 ‘Giggle Academy’ by Changpeng Zhao

🎙️Check out Blockchain DXB Crypto & Coffee at 8, we share our commentary on the global crypto market

🔴 U.S. Securities and Exchange Commission (SEC) has delayed its decision on proposed spot Ether (ETH) exchange-traded funds (ETFs) by Hashdex and ARK 21Shares. This decision, announced on March 19, came just before the “third deadline,” with final decisions for both ETF applications expected by late May. Specifically, ARK 21Shares will face a final decision on May 24, while Hashdex’s application deadline is set for on or before May 30. Analysts are sceptical about the approval prospects for the eight currently proposed Ether ETFs, expressing concerns about the lack of engagement between the SEC and the issuers. These ETFs come from various entities including BlackRock, Grayscale, Fidelity Investments, Invesco US Galaxy, VanEck, Hashdex, and Franklin Templeton. Info via Cointelegraph here https://lnkd.in/dFE67egS
❗ Bloomberg ETF analyst Eric Balchunas lowered the Ether ETF approval odds from 50% to 35%.

🔴 Genesis Agrees to Pay $21 Million Penalty to Settle SEC Charges
❗ Genesis Global Capital has agreed to pay a $21 million civil penalty to settle charges with the U.S. Securities and Exchange Commission (SEC) over its involvement in the now-defunct Gemini Earn program. The settlement, formalized after a New York judge denied motions by Genesis and Gemini to stop the SEC case, follows bankruptcy filings by Genesis and its affiliates. The SEC will not receive any portion of the penalty until all other allowed claims are paid, as stated by the regulator. SEC Chair Gary Gensler emphasized the importance of enforcing securities laws in the crypto lending space through such settlements. Info here https://lnkd.in/dsj_cJvN

⚫ BlackRock has filed documents with the SEC to launch a tokenized asset fund, the BlackRock USD Institutional Digital Liquidity Fund. The fund’s size was not disclosed, but the minimum investment accepted is $100,000. Speculation suggests that the fund may be Ethereum-based, with stablecoin assets in t