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The past week started with an inaccurate report on the SEC approving the iShare spot Bitcoin ETF in the U.S. Following this, Bitcoin surged above $30k. As BlackRock dispelled the rumors, Bitcoin fell sharply back to the $28k level. Despite this fiasco, the community is still expecting the approval of a Bitcoin spot ETF on the horizon as the SEC dropped its appeal against unfavorable court results in regard to its rejection of Grayscale’s Bitcoin ETF application.
The development around the largest DEX created some buzz this week, let’s take a deeper look into it.