Weekly Project Updates: Movement Launches Mainnet, Pudgy Penguins Announces Token, PancakeSwap Introduces Springboard, etc
1. SEC Rejects Two SOL Spot ETF Applications link FOX Business journalist Eleanor Terrett reported that the U.S. Securities and Exchange Commission (SEC) has informed at least two applicants for SOL spot ETFs that their submitted 19b-4 filings will be rejected. Sources suggest that under the current administration, the SEC is unlikely to approve any new cryptocurrency ETF applications. 2. RTFKT Announces Closure by January 2025 link RTFKT, a subsidiary of Nike, has announced it will cease its Web3 operations in January 2025. Known for its “digital sneakers” and collaborative virtual goods, RTFKT was acquired by Nike in 2021 to enhance its presence in the virtual world. Although the project is closing, its Ethereum-based tokens will remain functional. Before transitioning, RTFKT plans to launch an updated website, featuring the BLADE DROP as part of the MNLTH X release this December. In response to the announcement, NFT collector Rahim Mahtab proposed a decentralized strategy to preserv...
