SEC Punts Again on Spot Ether ETF Decision; Legal Battle Over Bitcoin Heats Up

Spot Ether ETF s remain. Murky and a self proclaimed Bitcoin inventor faces a new legal battle. Welcome to Coin Desk Daily. I'm your host, Jen Sani. The SEC is punting again on a spot Ether ETF decision that was put forward by Invesco and Galaxy Digital. The proposed product would allow professional investors to directly gain exposure to spot Ether Bloomberg, intelligence analyst, James Seifert said the delay was in line with expectations. The date to watch here is still May 23rd, Craig Wright is facing another high stakes legal battle in London. An alliance of crypto advocates and developers have sued Wright accusing him of committing forgeries on an industrial scale to prove that he is Satoshi Nakamoto, the Sed Onymous inventor of Bitcoin. The trial kicked off this week and his cross examination is expected to continue until February 13th. And interest in tokenization of real world assets has sparked a nearly 40% jump in the price of chain links link token over the past 30 days, some crypto wallets have apparently picked up over $50 million worth of the token on chain analysis tool. Look on showed how one whale even withdrew 2.7 million link tokens from crypto exchange finance using 49 new wallets. When the price climbed to a 22 month high, Coindesk was unfortunately unable to verify whether the wallets belong to a single owner. That's it for coin desk daily. Get more updates on coindesk.com and we'll see you next time.