The SEC Delays Decision on Fidelity's Spot Ethereum ETF to Add Staking Feature

On September 11th, the Polygon Foundation announced the completion of an update aimed at resolving the transaction finalization issue. The hard fork was successfully carried out, and both milestone and state synchronization have returned to normal. Checkpoints are in the process of being completed, and the consensus finality of Polygon PoS has been fully restored. On the 10th, the Polygon Foundation stated in the afternoon: "There was a temporary delay in achieving finality. Although the blockchain is still operating and blocks and checkpoints are continuously being generated, due to the milestone problem, there is currently a 10 to 15-minute delay in the finalization of transactions. A solution has been found and is being deployed to all validator nodes and service providers."

On September 11th, as reported by crypto reporter Eleanor Terrett, today the U.S. Senate Democrats released a comprehensive "Crypto Market Structure Act" framework. This triggered optimism among cryptocurrency industry professionals and some Republican leaders, and there may be bipartisan cooperation in the Senate for cryptocurrency market structure reform. A coalition of 12 Democrats unveiled a detailed framework, indicating that the Democrats are ready to join forces that were previously mainly driven by Republicans to establish clear cryptocurrency market rules. Republican key proponent, Senator Cynthia Lummis, expressed appreciation for this bipartisan effort. The Democratic framework is based on seven key pillars. Its aim is to clearly define token jurisdiction, strengthen the regulation of exchanges and issuers, combat illegal financial activities and conflicts of interest, and provide regulatory agencies with more enforcement resources. These priorities overlap with the emphasi

On September 11th, Paul S. Atkins, who serves as the Chairman of the U.S. Securities and Exchange Commission (SEC), once again emphasized the key points from his speech at the first OECD Global Financial Markets Roundtable. He stated, "The SEC's priorities in the crypto field are distinct. Our obligation is to guarantee the security of crypto assets. The majority of crypto tokens do not fall within the category of securities, and we will precisely demarcate these boundaries. Blockchain is bringing about a transformation in the manner in which transactions and settlements take place. Meanwhile, artificial intelligence is also opening up avenues for decentralized finance. Here, a self-directed AI agent can execute trades, allocate capital, and manage risks at speeds that surpass human capabilities. And this AI agent is embedded with securities law compliance within its code. The potential benefits are substantial: faster markets, lower costs, and broader access to strategies that were pr

On September 11th, the US SEC postponed its decision regarding allowing Blackrock's Ethereum spot ETF to incorporate staking functionality.

September 11: The Trump administration has filed an appeal against the court's decision to "prevent the removal of Fed Governor Jerome Powell." (Oriental Fortune) On September 10, the U.S. Federal Judge Jia Cobb provisionally blocked Trump's removal of Fed Governor Jerome Powell. The court will issue an injunction directing Powell and the board to enable Powell to continue serving as a board member during the lawsuit. This indicates that Powell can cast a vote at next week's FOMC meeting (unless a higher court reverses the restraining order prior to that).