SEC Delays Spot Bitcoin ETF Decision, Sealed Motion Against Binance & LEO Adoption Campaigns

The Daily LEO #340

FarmGirl

Sep 1

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SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock & Fidelity

The U.S. Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications filed by applicants including BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets earlier this year.

Already down sharply on the day, Bitcoin (BTC) fell further on the news, now off 4.1% over the past 24 hours...

Oil Heads for Robust Weekly Gain as Russia to Extend Export Cuts

Oil headed for the biggest weekly gain since April as Russia signaled it would extend export curbs and China fired another salvo of state support to bolster the economy in the world’s largest crude importer.

West Texas Intermediate was steady below $84 a barrel, almost 5% higher this week. Moscow has agreed with OPEC+ partners on further cuts to exports, with details to be released...

China Ramps Up Economic Support as Country Garden Vote Looms

Five of China's biggest banks cut interest rates on a range of deposits in a coordinated effort to ease pressure on their shrinking margins, as Beijing ramps up measures to shore up the country's faltering economy.

China is grappling with a slowdown that has rattled global markets, with the spotlight now firmly focused on troubled developer Country Garden's (2007.HK) spiraling debt crisis...

Binance Pushes New Stablecoin, Confirms Plan to Cease BUSD Support

Binance finally addressed the subject regarding its stablecoin BUSD. The exchange encouraged users to start converting their Binance USD stablecoin holdings into other available assets, including a newly listed stablecoin, amid plans to wind down support for BUSD.

The crypto exchange confirmed prior speculation, that it will gradually stop support for BUSD by February 2024 — a decision in line with Paxos' plans to end BUSD redemption...

SEC Files ‘Secret’ Sealed Motion in Court Battle Against Top Crypto Exchange Binance

The U.S. Securities and Exchange Commission (SEC) is seeking the court’s approval to submit confidential documents related to the regulator’s lawsuit against the crypto exchange Binance.

On Monday, the SEC filed a sealed motion for leave to file documents under seal. If granted, the agency will be allowed to file sensitive or confidential information with the court that will be kept off the public record...

Adoption Campaigns | Engaging, Retaining and Educating Thousands of Newly Onboarded Users

In connection with its goal of doubling the user base of Hive, LEO is gearing up for its marketing initiatives through social media prompts.

Check out how it plans to do that by visiting this article.

LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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