Predicting the Approval Time of Spot Bitcoin ETF | Crypto Daily News Summary Sep. 1

The SEC has postponed the decision date for all spot Bitcoin ETF applications:

As we explained in the article Inventory of Bitcoin Spot ETF Applications - When Will the Approval Date Be, based on the previous approval situation of Bitcoin spot ETFs, the probability of this ETF being approved in the first and second response times is very small.

We believe that the most likely time for this round of Bitcoin spot ETF to be approved will be 240 days after the announcement of the 19b-4 notice in the Federal Register, which is the final response date.

Learn more about Bitcoin spot ETFs through our new course: Understanding Bitcoin Spot ETFs: Approval Time Big Prediction

Today's Market

Source: TokenInsight Gainers and losers

Today's Highlights

Major banks may use SWIFT and Chainlink to transfer tokens across different blockchains: Swift has successfully tested Chainlink's Cross-Chain Interoperability Protocol (CCIP), demonstrating the potential interoperability between traditional banking systems and blockchain networks.

Ethereum liquid staking protocols impose self-limiting rule on market share: Five liquid staking protocols will self-limit their market share to below 22%, aiming to ensure the decentralization of the Ethereum network. However, Lido Finance, which already holds 32% of the total staked $ETH, does not want to limit its market share.

Other Notable Information

Web3 social protocol Tako Protocol completes $2 million Pre-Seed round of financing

Akash Network introduces Supercloud, offering decentralized GPU resources

ethOS introduces Ethereum phone with built-in light client to validate blocks on mobile

Stablecoin protocol Prisma Finance goes live on Ethereum mainnet, to launch $PRISMA token

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