Weekly Crypto Review 09.01.23

WEB3 UNPACKED

Weekly Crypto Review 09.01.23

Welcome back everyone, it’s Friday September first, twenty three, and this is your weekly Crypto review. Here are some highlights to bring you up to speed…

- The crypto community celebrated a big win this week with the US court of appeals ruling favor in favor of Grayscale but the SEC delayed the decision on a round of ETF applications

- Bitcoin drops 4.7% to dip below $26,000 over the past 24 hours, immediately following revelations the SEC would be delaying several filings for a US spot ETF until October.

- Former SEC chair says spot Bitcoin ETF approval is 'inevitable' despite delays. The commission has another 45 days to approve, deny, or delay spot Bitcoin exchange-traded fund applications from 7 major firms including Blackrock and Grayscale.

- Monthly trading volumes for Ethereum NFTs hit their lowest level in two years as activity on OpenSea, Blur, LooksRare and X2Y2 dried up. OpenSea’s active users fell 12% to 126,000 in August — the lowest since July 2021.

- Unrelated to the markets… BitBoy, AKA Ben Armstrong, a former guest on our Web3 Unpacked podcast, came out publicly and admitted to having an affair and explained that his erratic behavior was due to being on diet pills and steroids. Whether you subscribe to Ben’s channel and or invest in his coins, the Ben and his wife deserve their privacy to deal with these very personal issues.

- and lastly, with the crypto market hitting lows, it’s easy to get discouraged, but its important to understand that important regulations and asset class’s are being defined right now, and thats a good thing! Crypto volume and momentum is still high, so Keep Calm and Hodl On!

Thank you for tuning in, for more insights into the world of Web3, and how to navigate the rapidly changing crypto and blockchain landscape, visit MVMT dot Media and look for Web3 Unpacked podcasts on Apple, Spotify or wherever you get your podcasts.

Video Podcast: https://youtu.be/bF1bftjQUqI

The information provided in this broadcast represents the sole opinions of MVMT and should not be construed as financial advice. Any actions taken based on this information are at the sole discretion and risk of the individual, and MVMT disclaims any responsibility for the consequences thereof. It is strongly advised that individuals seek qualified professional financial advice before making any financial decisions.
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