The SEC has extended deadlines for crypto funds tracking Solana and XRP, along with proposals targeting Ether staking. The US Securities and Exchange Commission has delayed decisions on multiple crypto exchange traded funds (ETF) proposals Wednesday, pushing back deadlines for funds including BlackRock and Franklin Templeton. According to SEC filings, the agency has set a new deadline of Nov. 13 for Franklin’s Ethereum staking amendment, and Nov. 14 for its Solana and XRP ETFs. A proposal seeking to permit staking in BlackRock’s iShares Ethereum Trust is now slated for Oct. 30. The filings do not indicate how the SEC is leaning on the applications; only that more time is needed to evaluate them. The commission is using the maximum extension available before issuing a final decision. Read more
A widely used Bitcoin technical analysis indicator suggested that BTC is on the verge of an “explosive price expansion” toward new all-time highs. Key takeaways: Bitcoin’s Bollinger Bands indicator reached a critical turning point for bulls. Bitcoin’s cup-and-handle pattern targets $300,000, backed by multiple tailwinds. Read more
The bug impacted some remote procedure call (RPC) nodes, causing them to fall out of sync, but did not impact onchain block production. The Polygon Foundation, the organization that oversees development of the layer-2 scaling network in the Ethereum ecosystem, said on Wednesday that consensus and finality functions have been restored, following a software bug that caused some nodes to fall out of sync with the blockchain. Polygon successfully executed a hard fork following the software bug that disrupted some remote procedure call (RPC) nodes, which are used to relay information between applications and the blockchain layer, the Polygon team said in Wednesday’s update. The bug was caused by a “faulty” proposal from a validator, which pushed some of the Bor nodes, used for transaction ordering and block production, onto divergent network forks, according to Polygon co-founder Sandeep Nailwal. Nailwal said: Read more