DDI Blockchain Weekly (August 20th-26th)

It was a fairly static week for crypto markets on the whole. Although markets threatened to dip on Wednesday after the SEC’s new ETF rejections, a modest recovery soon set in, allowing total market capitalization to finish roughly unchanged over the week. This could suggest that markets have completely priced in any ETF-related bearish news. SEC Rejects 9 Bitcoin ETF Proposals The US Securities and Exchange Commission (SEC) has issued rejections to Bitcoin ETF proposals from ProShares, Direxion and GraniteShares. In all three cases, the regulator used the same reason for the rejection, namely that they fail to demonstrate that…...