Top stories in the Crypto Roundup today: 

• US SEC delays decision on three pending Bitcoin ETF proposals
• Electric Capital’s Developer Report highlights healthy Bitcoin, Ethereum developer communities
• Cryptocurrency perpetuals exchange BLADE raises $4.3 Million ahead of launch

At the time of writing, bitcoin (BTC) is trading at $11,356.86 (-0.39%) with a daily volume of $2.69 bn while ether (ETH) is trading at $209.78 (-1.43%) with a daily volume of $1.06 bn. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,709.75 (-0.54%).

U.S. SEC Delays Decision on Trio of Pending Bitcoin ETF Proposals

The U.S. Securities and Exchange Commission (SEC) has postponed making a decision on a trio of pending bitcoin exchange-traded fund (ETF) proposals, according to multiple documents it released Monday.

The three pending bitcoin ETFs were proposed by Bitwise Asset Management, VanEck/SolidX, and Wilshire Phoenix. The former two were filed with NYSE Arca, whereas the latter was filed with Cboe Global Markets.

The dates that the SEC must make a decision on each proposal are now as follows: September 29 (Wilshire Phoenix), October 13 (Bitwise Asset Management), and October 18 (VanEck/SolidX). Whilst the regulatory agency can again postpone a decision on Wilshire Phoenix’s proposal, it must either approve or reject the other two by their respective deadlines.

Electric Capital’s Developer Report Highlights Healthy Bitcoin, Ethereum Developer Communities

California-based cryptoasset management firm Electric Capital released its latest Developer Report on Monday. Among the comprehensive report’s key takeaways was the fact that developers working on projects native to the Bitcoin and Ethereum ecosystems, respectively, remain robust as ever. This is, of course, despite bitcoin and ether’s current drawdown of 43 and 85 percent, respectively—according to historical price data from CryptoCompare.

“Despite market downturns in 2018,” Electric Capital noted in a blog post announcing its report’s release, “Full Time [sic] developers increased 13% year-over-year in June 2019 and are consolidating around high network value projects.”

Cryptocurrency Perpetuals Exchange BLADE Raises $4.3 Million Ahead of Launch

The cryptocurrency derivatives exchange market will grow once more in three weeks’ time when technology company BLADE launches its perpetual swap contracts exchange.

The cryptocurrency perpetuals exchange—which is operated by the Seychelles-domiciled BLADE Holdings, Inc.—will allow up to 150x leverage, will not be available in the U.S., and will not accept fiat currency.

News of BLADE’s imminent launch came as the company announced Monday it had raised $4.3 million in seed funding from a number of investors already exposed to the cryptocurrency and blockchain space, including Coinbase Ventures, Slow Ventures, and SV Angel.

State of the Crypto by Top Tier Exchange Volume

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