SEC Rejects Bitwise’s Latest Bitcoin ETF Proposal

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[Policy]
1. The SEC announced that the ETF proposal, filed by Bitwise Asset Management in conjunction with NYSE Arca, did not meet legal requirements to prevent market manipulation or other illicit activities.
[Cryptocurrency]
1. ETC Labs announced several new partnerships to expand the growing collaboration between Ethereum Classic and Ethereum;
2. At 20:07 UTC on Oct 10, Tether issued 20 million USDT on the Ethereum network at block height 8716062.
[Exchange & Wallet]
1. Binance will add support for Elrond (ERD) staking, starting from Oct 10;
2. Coinbase is building a new mobile App for clients of its professional trading platform;
3. A New York judge has rejected a New York Attorney General’s office request to have Bitfinex and Tether collect all documents pertaining to an alleged $850 million cover-up and $900 million line of credit.
[Others]
1. A Virginia Bitcoin mining operation that filed for bankruptcy one year after receiving up to nearly $500,000 from the city of Virginia Beach has been ordered to liquidate its assets;
2. U.S lawyer and former litigator Jake Chervinsky stated on Twitter, “At this point, it’s reasonable to assume that Jay Clayton’s SEC will never approve a Bitcoin ETF;”
3. The Litecoin Foundation (LF) barely has any money left, down from more than one million in income last year to $70,000 in minus this year;
4. The Commodity Futures Trading Commission chair believes that Ether (ETH) is a commodity instead of security.

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