Episode Details

22nd May: Crypto & Coffee at 8 
🟢Updates — Ethereum ETF 🔴Telegram Founder gets $6.8M Notcoin Central Bank of Brazil -crypto regulation in 2024❗ Bybit Reaches 30M users 

🟢 U.S. Securities and Exchange Commission asked Nasdaq, CBOE, and NYSE to update spot Ether ETF applications before a regulatory deadline. This could signal possible approval. ? Via Reuters https://lnkd.in/d9EtRbsA 

🟢 Bloomberg ETF analysts Eric Balchunas and James Seyffart, CFA, CAIA have noted “chatter” that the United States Securities and Exchange Commission (SEC) is urging applicants to expedite their 19b-4 filings. Consequently, the analysts have increased their approval odds from 25% to 75%. He mentioned it via Twitter . Now (X) UPDATE: Grayscale Investments just filed an updated 19b-4 for their Ethereum Mini Trust. We should see a bunch of these come in today. The initial 19b-4 for Grayscales mini Ethereum trust. It may not be included in the first wave of potential approvals.

🟢 Standard Chartered head of FX and digital assets research, Geoff Kendrick, said they are “80% to 90%” certain that the SEC will approve spot Ether ETFs later this week.

🟢 Fidelity Investments has also reportedly amended its Ether ETF S-1 filing to remove ETH staking. This amendment comes after the SEC reversed its stance and requested Ether ETF issuers to update their 19b-4 filings.

❗Important to note: The next SEC deadline is May 23 for VanEck’s Ether ETF proposal. While senior Bloomberg ETF analyst Eric Balchunas has increased the odds of approval to 75% from 25%, this only applies to the 19b-4 form. 

🔴 Telegram Messenger’s founder Pavel Durov received a $6.8 million donation in Notcoin from the TON-based game Notcoin. This move has been met with scrutiny due to a lack of transparency from Notcoin’s team. The team had promised to double the contributions of all donors, but many users are unhappy with the lack of communication regarding this decision. 

🏦 The Central Bank of Brazil has announced a three-phase plan for crypto regulation in 2024. The plan includes:
- Consulting market actors regarding VASPs
- Establishing plans to regulate stablecoins: 
- Finalizing rules for VASPs to operate in Brazil: 

💯 Bybit, a cryptocurrency exchange, has reached 30 million users and increased its market share signi