Ethereum News Today: SEC Delays XRP Litecoin Dogecoin ETFs to Q4

The U.S. Securities and Exchange Commission has delayed decisions on multiple proposed cryptocurrency ETFs, including five spot XRP ETFs from Grayscale, 21Shares, Bitwise, CoinShares, and Canary, as well as a Litecoin and Dogecoin ETF. The agency also postponed action on 21Shares’ proposal to include staking in its Ethereum ETF and on the Truth Social Bitcoin and Ethereum ETF, which is linked to Donald Trump’s media company [1]. These delays are procedural, yet they extend key altcoin ETF decisions into Q4, as industry momentum builds [2].

Bitcoin treasury firm Strategy has acquired another 430 BTC for $51.4 million, bringing its total holdings to approximately 629,376 BTC, valued at $72.4 billion [1]. The firm is leveraging its preferred stock ATM programs to fund the purchases, and its current holdings represent roughly 3% of Bitcoin’s total supply [2]. Strategy’s co-founder, Michael Saylor, hinted at the acquisition on social media, a move that traders have come to associate with upcoming disclosures [1].

Meanwhile, Ethereum ICO-era wallets have been active, with one address linked to early Ethereum investors transferring 4,460 ETH — worth about $19 million — to Kraken [1]. Over the past week, this wallet has sent nearly 10,000 ETH to exchanges, raising concerns over potential sell-offs [2]. Another wallet, also from the ICO era, moved $1.5 million in ETH that was originally purchased for just $104 [1]. These movements reflect broader market volatility as Ether prices decline amid macroeconomic headwinds [2].

South Korea’s Financial Services Commission is preparing to submit a stablecoin regulation bill in October, outlining rules for issuance, collateral management, and risk controls [1]. This comes amid global regulatory developments, including the U.S. GENIUS Act signed by President Donald Trump, which supports dollar-backed stablecoins [2]. Japan, too, is expected to approve its first yen-denominated stablecoin as early as this fall [1]. The regulatory focus on stablecoins reflects a broader effort to establish a robust legal framework for digital assets [2].

On the Solana memecoin front, Pump.fun has regained dominance in the launchpad market, holding 90% of the share as rival platform LetsBonk slips to 3% [1]. The shift is attributed to the return of top deployers and increased bot activity, as well as Pump.fun’s ongoing buybacks of its PUMP token [2]. With speculation that the platform may share revenue with token holders, the balance of power in Solana’s memecoin ecosystem has shifted decisively [1].

Looking ahead, SEC Chair Paul Atkins and Federal Reserve Vice Chair Michelle Bowman are scheduled to speak on crypto-related topics. Additionally, notable token unlocks are expected from EigenLayer, IOTA, and Kaito [1].

Source:

[1] The Daily: SEC delays XRP, Dogecoin and other ETFs, Strategy buys more bitcoin, Ethereum ICO wallet moves funds, and more

https://www.theblock.co/post/367301/sec-delays-xrp-dogecoin-and-other-etfs-strategy-buys-more-bitcoin-ethereum-ico-wallets-move-funds?utm_source=rss&utm_medium=rss