{"id":1014,"date":"2023-09-07T10:38:00","date_gmt":"2023-09-07T02:38:00","guid":{"rendered":"https:\/\/insights.digift.io\/?p=1014"},"modified":"2025-08-15T16:49:27","modified_gmt":"2025-08-15T08:49:27","slug":"coinbase-stock-surges-after-favourable-federal-ruling-for-grayscale-spot-bitcoin-etf-approval-is-inevitable-says-former-sec-chairman","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/coinbase-stock-surges-after-favourable-federal-ruling-for-grayscale-spot-bitcoin-etf-approval-is-inevitable-says-former-sec-chairman\/","title":{"rendered":"Coinbase stock surges after favourable federal ruling for Grayscale; Spot bitcoin ETF approval is &#8216;inevitable,&#8217; says former SEC chairman"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\" style=\"line-height:2\"><strong>Weekly&nbsp;<\/strong><strong>Update: 07 September 2023<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">1) Coinbase stock surges after favorable federal ruling for Grayscale&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/coinbase-stock-surges-after-favorable-federal-ruling-for-grayscale\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In the final moments of the trading session on Aug. 29, the value of COIN stood at $85.13 per share, a jump of 15% over the previous day\u2019s close.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">2) Spot bitcoin ETF approval is &#8216;inevitable,&#8217; says former SEC chairman&nbsp;<a href=\"https:\/\/www.theblock.co\/post\/248893\/bitcoin-etf-sec-clayton\">[The Block]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cThe dichotomy between a futures product and cash product can\u2019t go on forever,\u201d Clayton said.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">3) Bitcoin revenue per terahash nears record lows as hash rate soars&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-profitability-nears-record-lows-hashrate-soars\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As the Bitcoin network hash rate tops 414 EH\/s, miners are struggling to stay afloat amid plummeting profitability.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">4) Controversial digital euro plan to be led by architect of landmark MiCA crypto law&nbsp;<a href=\"https:\/\/www.coindesk.com\/policy\/2023\/08\/30\/controversial-digital-euro-plan-to-be-led-by-architect-of-landmark-mica-crypto-law\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EU&#8217;s central bank digital currency has proved controversial, and draft laws include privacy controls.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">5) Crypto casino Stake targeted in reported $40M exploit&nbsp;<a href=\"https:\/\/www.coindesk.com\/business\/2023\/09\/04\/crypto-casino-stake-targeted-in-reported-40m-exploit\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cyvers&#8217; platform describes the exploit as being related to a &#8220;private key leak.&#8221;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">6) EOS network&#8217;s token receives trading approval in Japan, EOS surges nearly 10%&nbsp;<a href=\"https:\/\/www.coindesk.com\/markets\/2023\/08\/30\/eos-token-receives-trading-approval-in-japan\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Under the Payment Services Act, the JVCEA and FSA, two financial bodies, closely monitor and regulate crypto-asset providers.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">7) SEC delays spot bitcoin ETF decision for all applicants including BlackRock, Fidelity&nbsp;<a href=\"https:\/\/www.coindesk.com\/policy\/2023\/08\/31\/after-grayscale-victory-sec-kicks-the-can-on-latest-bitcoin-etf-applications\/?utm_medium=social&amp;utm_source=onecryptofeed&amp;utm_campaign=headlines\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The regulator has now announced delays for all six of the new ETF applications.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">8) South Korean parliament rejects motion to expel lawmaker over crypto scandal&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/crypto-south-korea-rejects-motion-to-expel-lawmaker-over-crypto-scandal\">[Cointelegraph]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3\u20133 vote in the expulsion motion.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">9) Singapore&#8217;s new president, a former central bank chairman, has called crypto &#8216;slightly crazy&#8217;&nbsp;<a href=\"https:\/\/www.coindesk.com\/policy\/2023\/09\/04\/singapores-new-president-a-former-central-bank-chairman-has-called-crypto-slightly-crazy\/\">[CoinDesk]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The 66-year-old garnered more than 70% of the vote to take over a largely ceremonial role.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:2\">10) Swift successfully transfers tokens across blockchains in landmark experiment with Chainlink&nbsp;<a href=\"https:\/\/cryptoslate.com\/swift-successfully-transfers-tokens-across-blockchains-in-landmark-experiment-with-chainlink\">[CryptoSlate]<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Swift said it has successfully demonstrated that it can provide a single point of access to multiple networks using existing infrastructure.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin revenue per terahash nears record lows as hash rate soars <\/p>","protected":false},"author":256897717,"featured_media":2425,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"page_builder":"","_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,132582],"tags":[],"class_list":["post-1014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-market-decoded"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2023\/09\/DigiFT-Weekly-1-Sep.jpg?fit=1173%2C620&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pg7Ide-gm","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/users\/256897717"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/comments?post=1014"}],"version-history":[{"count":2,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1014\/revisions"}],"predecessor-version":[{"id":1025,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/1014\/revisions\/1025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media\/2425"}],"wp:attachment":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media?parent=1014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/categories?post=1014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/tags?post=1014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}