Highlights :
1/ The U.S. SEC officially approved 8 spot Ethereum ETFs, including products from BlackRock, Fidelity, and Grayscale. The next step is for the S-1 registration statements to be approved and effective, after which trading of the ETFs may start.
2/ Fantom Foundation introduced Sonic Foundation and Sonic Labs for their upcoming new Layer-1, Sonic Chain. The Sonic Foundation will oversee Sonic’s governance, manage the network treasury, orchestrate partnerships, and develop the dApp ecosystem. Sonic Chain is a parallelized EVM chain designed to be a high-performance L1 with sub-second finality. Fantom Foundation alsp closed a strategic funding round of US$10 million.
3/ The U.S. House passed the Financial Innovation and Technology for the 21st Century Act (FIT21), establishing a new regulatory framework for digital assets and enhancing the CFTC oversight. FIT21 sets up definitions for crypto assets, and divides responsibility between the CFTC and SEC.
