The US SEC welcomes a new head, will Bitcoin ETF have the "best chance" to be approved?

This Tuesday (August 10), the US SEC will decide whether to approve the applications of Valkyrie Bitcoin ETF and VanEck Bitcoin ETF. According to statistics, 11 institutions have submitted Bitcoin ETF applications to the US SEC, of ​​which VanEck Bitcoin Trust submitted the application the earliest. The US SEC began reviewing it in March this year. If approved, it will become the first Bitcoin ETF approved by the US SEC. However, the SEC postponed the application decision twice in April and June, and expressed the hope to further solicit public opinions. Valkyrie submitted an application for Bitcoin ETF to the SEC in January this year. According to previous regulations, June 26 was the decision date, but it was also postponed to this day.

On Tuesday this week, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), mentioned in his speech at the Aspen Security Forum that the provision of investment tools related to crypto assets (such as ETFs) requires further review by the staff of the Financial Markets Working Group. Previously, due to Gary Gensler's academic background in the cryptocurrency industry, the outside world once believed that the SEC was expected to approve the Bitcoin ETF for the first time after Gensler became chairman of the SEC. However, judging from Gensler's current statement, it is still unknown whether the application for Valkyrie and VanEck Bitcoin ETFs will be approved.

In addition, Bitcoin Core, the Bitcoin Core client, may release the first official version after the revision of the version number naming rules, which is 22.0, next week. Previously, the target release date of this version was speculated to be August 1, but it did not arrive as expected. Github shows that Bitcoin Core released the first version 22.0 RC1 after the revision of the version number naming rules on July 21, and the second version 22.0 RC2 after the revision of the version number naming rules on August 3. According to the release rhythm of previous versions, the official version 22.0 is likely to be officially released next week.

Other key events at a glance

August 9

• The online Chia hackathon jointly organized by Chia Network and Sirius Labs will hold a three-day Chialisp training camp

• NFT social platform DeFine's new coin activity on Huobi Global's Primepool has ended

• Decentralized financial ecosystem Nord Finance launches decentralized active fund management protocol Nord Advisory

• BitcoinSV holds online meetup to discuss how blockchain technology can solve problems facing the modern World Wide Web

August 10

• Multi-chain options trading platform ODDZ's syrup pool-based liquidity mining plan on PancakeSwap ends

August 11

• The NFT series launched by British fashion brand Burberry and blockchain game studio Mythical Games has started selling

• Cardano-based cross-chain lending protocol Paribus will conduct an IDO on CardStarter

August 12

• Chia Network and Sirius Labs jointly host the online Chia Hackathon event and open registration

• The Bank of Communications and JD.com have jointly distributed 500,000 digital RMB gift packages worth 20 million yuan to Shanghai and Jiangsu citizens.

August 13

• The EGL Genesis event, a protocol that determines Ethereum’s Gas Limit through governance, has ended

• JD.com will draw lots for Shanghai and Jiangsu citizens who have successfully registered for the digital RMB activity

August 14

• The Metaverse Developer Training Camp hosted by Pure White Matrix and Metaverse Foundation has officially started recruiting

• The first NFT exhibition of artist Cai Guoqiang launched by Shanghai Rockbund Art Museum has ended

August 15

• AI data distributed storage protocol project EpiK Protocol Mingshi Protocol Mainnet 1.0 Rosetta is officially launched