Grayscale Wins Lawsuit & Bitcoin Adoption Accelerates
A big win for Bitcoin and crypto in general, as broader Bitcoin adoption accelerates with multiple new integrations and approvals.
After earlier losses, the SEC faces defeat yet again in its efforts to slow down broader Bitcoin adoption. Meanwhile, Bitcoin builders are continuing what they are great at, building. In addition, multiple Bitcoin builder entities increase efforts to onboard the next generation contributors to the Bitcoin economy. Bitcoin summer may be ending soon, the growth of the Bitcoin economy, is only accelerating even further.
Major Bitcoin Victories
Grayscale wins lawsuit against the SEC over converting its fund to a spot Bitcoin ETF. Bitcoin ETFs are traded on traditional regulated securities exchanges and are not available on cryptocurrency exchanges.
Bloomberg analyst says 75% chance of a spot Bitcoin ETF launching this year. 95% by the end of 2024.
Bitcoin Lightning on Coinbase agenda, Brian Armstrong tells Jack Dorsey
X (Twitter) Obtains License to store, transfer and trade Bitcoin, including related service providers, such as wallets payment processors, and exchanges.
📢 Builders Watch: Lightning shares the growth of the Lightning Ecosystem together with every Twitter handle.
Bitcoin L1 & L2 Integrations
📢 Builders Watch: Liquid shares functionary source code, making it open-source to the public. The release allows anyone to audit the code that runs the functionaries and to create their own Liquid-like network.
Smart layer partners with Rootstock to broaden smartlayer accessibility to the Bitcoin blockchain through EVM compatible smart contracts.
📢 Builders Watch: Sovryn teases a builder portal, aiming to integrate their design system and UI library with builders’ creations. You are able to use Sovryn tools to build a neobank on BTC-backed stables, an in-game economy with a p2p exchange, or your own unique work.
Chiente Hsu, Founder of ALEX, teases rebranding for ALEX towards a finance layer for the Bitcoin ecosystem.
Hiro Wallet teases announcement, going live tomorrow. Follow Hiro Wallet to find out
📢 Builders Watch: Bitcoin Startup Lab Hackathon reaches 200 participants. Join the Bitcoin builder hackathon now!
Ordinals market releases bids/offers on Ordinals
Web3 payments platform Helio integrates Bitcoin L1 & L2 wallet Xverse
ALEX integrates with OKX, with Bitcoin assets now within reach of all OKX wallet DEX users
🎨 Creator Watch: Gamma introduces prints, art editions on Bitcoin, enabling partner artists to create low-cost, recursive editions from a single high resolution original.
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