GM Defiers!
Popular finance analysts say the SEC will approve the first spot Bitcoin ETFs next week, citing fresh meetings between the regulator and leading U.S. exchanges that will list the funds' shares. Despite the analysis, the implied odds for the ETFs' approval on prediction markets are pulling back.
In other news, inscriptions activity on EVM chains is drying up, and the crypto community is blaming yesterday's flash crash on excessive leverage in the digital asset markets.
✍️ In today’s newsletter:
- Analysts say spot Bitcoin ETF approval is imminent
- Inscriptions lose momentum on EVM chains
- Crypto flash crash blamed on leverage flush
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