❗️ The SEC filed a lawsuit against Consensys, the developer of MetaMask

🤡 In the submitted document, the Commission claims that MetaMask acts as an intermediary in transactions with securities [MetaMask Swaps] and itself participates in the offer and sale of securities [MetaMask Staking]

According to the SEC, in addition to acting as an “unlicensed broker,” Consensys also offered and sold tens of thousands of “securities” from two issuers: Lido and Rocket Pool, both liquid staking protocols.

“The Lido and Rocket Pool staking programs are offered and sold as investment contracts and are therefore securities. Specifically, investors are investing ETH in the joint venture with the expectation of profit from the efforts of Lido and Rocket Pool, respectively.”

“Don’t share the skin of an unkilled bear”... Early on, Consensys rejoiced at the closure of the SEC investigation into Ethereum

And the document seems to look professional, with an understanding of the work of staking pools and the issuance of LS tokens. However, the definition of a “joint venture with the expectation of profit” kills all the logic, given that Lido and Rocket Pool are created to simplify access to staking without the need to own 32 ETH and deploy a node.

But what to expect from the SEC... What is also discouraging is that Gary Gensler, before his work at the SEC, taught lectures on blockchain, calling it the future of financial technology. How can you change your mind like that or is the SEC so brainwashed?  🤔

🟢 Following VanEck, an application to launch an ETF based on Solana was submitted by 21Shares (which has a common BTC ETF with Ark Invest)

According to the form presented, share redemptions will be made in SOL and not cash (this could change a thousand times), which is different from the current mechanics of the BTC ETF, where investors receive cash when they sell shares

Yesterday I explained in detail what difficulties the SOL ETF may face, and why it is unlikely to appear in the near future (ETFs on Ether are not yet traded 😅)

🌐 After the disastrous debate for Joe Biden, the chances of his second presidency on the Polymarket forecast market decreased from 40% to 22%

Biden, who often stammered and spoke in whispers, seemed less energetic and confident than Trump, raising doubts about his ability to serve as president.

As a result of the debate, his main memecoin “Boden” also lost popularity and fell by 40%

Coinbase criticized the lack of questions about the vision of the crypto industry in the United States and called for joining the Stand with Crypto initiative, and the co-founder of the Kraken exchange donated $1 million to the Trump campaign headquarters

🪙 Capital inflows are slowly but surely returning, although not as quickly as we would like

Yesterday, American BTC ETFs accumulated $11.8 million. Traditionally, IBIT did not attract anything, GBTC recorded an outflow of $11 million, and the rest of the ETFs invested from $1 million to $8 million

Hong Kong Bitcoin Products Received $2.9 Million Today, ETH ETF Has Had No Activity Since June 17