SEC Delays ETF Decision

German Bank Crypto-Licensed, TVL of Ethereum Layer-2s at $13 billion

Welcome to Coinfeeds Daily Digest! The 4th largest German bank became made history as it was the first to secure a Bitcoin and crypto custody service license in Germany. Dairy Queen is working with WGG, a Chinese NFT brand, to open physical stores driven by NFTs. We're covering other stories like the TVL of Ethereum L2 networks reaching $13 billion, Circle Ventures investing in Sei, the SEC's delay of the Bitcoin and Ether ETF decision, Tether and Bitfinex having their class-action lawsuit dismissed, and Solana once again surging 18% after Cathie Wood's public praises.

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4th Largest Bank in Germany Licensed to Offer Bitcoin and Crypto Custody Services

Germany's financial landscape is taking a significant turn as Commerzbank, the country's fourth-largest bank, steps into the cryptocurrency domain. With a newly granted license, Commerzbank is set to start offering Bitcoin and crypto custody services. | Read More

SEC Delays Decisions on Bitcoin and Ethereum ETFs, Extending Timeline to 2024

In recent updates, the SEC has delayed its verdict on both a Bitcoin ETF, proposed by Hashdex, and an Ethereum Futures Trust ETF, proposed by Grayscale, extending the decision timelines into 2024. | Read More

Boyaa Interactive Seeks Approval For $100 Million Crypto Purchase

Hong Kong-based gaming company Boyaa Interactive is making headlines after it announced intentions to purchase up to $100 million in cryptocurrencies, predominantly Bitcoin (BTC) and Ethereum (ETH), over the course of the next year. | Read More

Class-Action Lawsuit Against Tether and Bitfinex Dismissed

In a significant legal victory for cryptocurrency companies Tether and Bitfinex, the U.S. Southern District Court of New York has dismissed a class-action lawsuit that had been brought against them. The lawsuit accused the firms of dishonesty regarding their reserves but reached an end as the plaintiff decided not to appeal. | Read More

Ethereum Layer-2 Networks Reach $13 Billion TVL: More Interest and Challenges

Ethereum layer-2 networks have recently achieved a significant milestone, amassing a total value locked (TVL) of $13 billion within their contracts. This surge in TVL highlights the burgeoning interest in layer 2 solutions as a means to circumvent the high gas fees associated with Ethereum. | Read More

Circle Ventures Invests in Sei, Expanding USDC Reach

Circle Ventures, the investment arm of the stablecoin issuer Circle, has recently made a strategic move to expand the reach and functionality of the US Dollar Coin (USDC) by investing in Sei, a layer-one blockchain. | Read More

Dairy Queen Collaborates with NFT Brand WGG in China

Dairy Queen has launched a unique collaboration with the NFT brand Weirdo Ghost Gang (WGG) in Chengdu, China. This partnership marks a significant step in the integration of non-fungible tokens (NFTs) with traditional business models, offering customers a blend of physical and digital experiences. | Read More

That’s it for today!