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Crypto Biz Recap: ETF Filings, Pre-Launch Markets, Ripple's Legal Battles, and Stablecoin Delistings

Jun 21, 2024

Crypto Biz Recap: ETF Filings, Pre-Launch Markets, Ripple's Legal Battles, and Stablecoin Delistings
Crypto Biz Recap: ETF Filings, Pre-Launch Markets, Ripple's Legal Battles, and Stablecoin Delistings
Crypto Biz Recap: ETF Filings, Pre-Launch Markets, Ripple's Legal Battles, and Stablecoin Delistings

This week's Crypto Biz highlights significant developments in the cryptocurrency market: Hashdex has filed for a combined Bitcoin and Ether ETF with the SEC, aiming to track Nasdaq's Crypto US Settlement Price Index. Coinbase International has introduced a pre-launch market for futures trading of upcoming tokens, offering institutional investors and retail traders early access. Meanwhile, Ripple faces SEC opposition in its legal battle, with the SEC rejecting Ripple's plea for a lower penalty and seeking nearly $2 billion in penalties and disgorgement. Uphold plans to delist six stablecoins, including USDT, due to upcoming MiCA regulations in the EU, reflecting broader compliance adjustments in the crypto industry.