In the US, major financial firms including BlackRock, Fidelity, 21Shares, Grayscale, Bitwise, and Invesco Galaxy have submitted their final S-1 filings to the SEC to approve spot ether ETFs. The regulator is anticipated to greenlight these applications next week, with the funds expected to launch on Tuesday. This approval could mark a pivotal moment for the US crypto market.
Italy’s Cassa Depositi e Prestiti (CDP) and Intesa Sanpaolo have completed a €25 million digital bond issuance on the Polygon blockchain, marking a significant milestone under Italy’s new digital asset regulations. The bond, with a four-month maturity, was settled in euros on the same day via the Bank of Italy’s “TIPS Hash Link” tool. This transaction is part of the European Central Bank’s trial for wholesale fiat money settlement on blockchains, highlighting the potential for enhanced efficiency and transparency in financial transactions through asset tokenization.
On the other hand, Polygon Labs has announced that the migration from its MATIC token to the new POL token will commence on September 4, 2024, as outlined in its “Polygon 2.0” roadmap. This upgrade is set to position POL as the primary gas and staking token for Polygon’s proof-of-stake chain and other blockchains within its aggregated network, signaling a strategic move to bolster the ecosystem.
