#multichain This eagerly anticipated event presents an incredible opportunity for developers, creators, and projects to secure funding for their innovative initiatives.

The official announcement urges all enthusiasts to mark their calendars for this significant event. Whether you’re an established participant or a newcomer, GG18 promises to be an inclusive and impactful crowdfunding initiative.

📆SAVE THE DATE 📆 🎉Gitcoin Grants 18: Aug 15-29, 2023🎉 Mark your calendars for #GG18! Applications open on August 1st – be on the lookout for more details to follow 🫡 Let’s Fund What Matters. Together 🍃 pic.twitter.com/4eYiJHbpo1

— Gitcoin 🟢 (gitcoin) July 19, 2023

Gitcoin, known for its commitment to supporting open-source projects and the broader Ethereum ecosystem, is gearing up to open applications for GG18 starting on August 1st. This presents a unique chance for individuals and teams to get their ideas and projects in front of a supportive community and secure financial backing for their visions.

The event aims to foster collaboration, growth, and progress in the blockchain and #cryptocurrency space. Gitcoin’s vibrant ecosystem attracts developers and creators from all corners of the world, creating a diverse and dynamic community united by a shared goal: to Fund What Matters.

With a history of successful rounds, GG18 is expected to be a catalyst for groundbreaking projects that push the boundaries of what’s possible in the decentralized space. The platform enables backers and sponsors to contribute directly to projects they believe in, making a tangible impact on the growth of the #blockchains ecosystem.

As the application date draws near, the Gitcoin team is working diligently to provide aspiring participants with all the necessary information and guidance to ensure a smooth and successful process. Be on the lookout for additional details and resources to make the most of this opportunity.

Gitcoin Grants represents more than just a fundraising mechanism; it embodies the spirit of collaboration and community-driven development. It brings together like-minded individuals and organizations, fostering connections that go beyond financial support.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#Binanceturns6

#multichain The crypto market has recovered a lot of the losses sustained in 2022, with BTC rising by over 80% YTD and many altcoins performing even better. This led to questions and analysis within the community about whether the bear market is over and the industry is preparing for yet another bull cycle.

Moreover, the BTC halving is scheduled to take place in less than a year, which is typically regarded as a catalyst for upcoming price increases. However, the recent developments from the US Securities and Exchange Commission could suggest that the agency might also have a role in a potential bull market.

The SEC Impact

Being among the most powerful regulators within the world’s largest economy, the SEC’s actions frequently have a direct impact on a relatively small market like crypto. As such, when the Commission decided to go after Ripple in late 2020, as well as Coinbase and #Binance , a few months ago, it harmed most digital assets’ prices almost immediately.

While this doesn’t sound all that surprising that the SEC’s lawsuits could hurt projects and companies, there’s also the opposite angle. We saw it earlier this week when Judge Analisa Torres, presiding over the agency’s case against Ripple, ruled in favor of the blockchain project, indicating that almost all XRP sales did not constitute security transactions, something that the SEC has been trying to prove for years.

The judge’s decision had an immediate and massive impact not only on XRP’s price but many other altcoins, which the SEC alleged to be unregistered securities.

Consequently, it’s safe to assume that the entire market could further surge should the agency lose its ongoing battles with the likes of Coinbase and Binance – two of the industry’s most prominent players.

Spot Bitcoin ETF

The other aspect on which the SEC’s actions have a direct impact is whether the US will (ever) have a spot Bitcoin exchange-traded fund. The regulator has rejected countless applications in the past decade from companies such as Grayscale, Ark Invest, Fidelity, WisdomTree, VanEck, and many others.

With the agency’s growing attacks against the industry with its latest series of lawsuits, many believed that such a product will not see the light of day, at least not any time soon.

However, the tides changed in mid-June when BlackRock, the world’s largest asset manager and arguably the most influential financial giant, filed to release a spot Bitcoin ETF – a move mimicked by several other companies. BlackRock has a mindblowing success rate when it comes down to ETF applications, with the SEC of 575 to just 1.

Its filing for a spot BTC ETF had a profound effect on the cryptocurrency’s price, which soared past $30,000 for the first time in months after being stuck at around $26,000 – $27,000 for weeks.

The #SEC first dismissed all recent applications, deeming them “inadequate,” which triggered immediate price declines as well. However, BlackRock, as well as the rest of the ETF seekers, amended the filings. Moreover, the agency recently accepted BlackRock’s application, thus commencing the official review process.

Although that could that a long time, a potential approval of a spot Bitcoin ETF in the States could also have a colossal and immediate effect on the entire market. After all, $BTC did chart its current ATH of $69,000 amid the approval of the first futures #BTC ETF in the US back in late 2021.

#Binanceturns6

#crypto2023 #crypto #multichain #bitcoin #Binance

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