The SEC’s acknowledgment indicates the commencement of the official review process for BlackRock’s ETF proposal. The United States Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before. The SEC’s acknowledgment indicates the commencement of the official review process for…

Fantom’s TVL dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom’s TVL topped $7.5 billion. Fantom’s co-founder Andre Cronje classified Multichain’s debacle as a “big blow” to the smart contract platform, which saw a sharp decline in activity in the past weeks as a result…

US-based crypto startups attracted 45% of all VC funding invested in the industry, followed by the United Kingdom claiming 7.7% of capital investment and Singapore with 5.7%. Amid crypto firms facing regulatory scrutiny in the United States, it hasn’t stopped innovation, as almost half of all capital investments flocked to U.S. crypto businesses, according to…