Episode 95

Where's my ETF SEC-ski?


August 12th, 2023

34 mins 16 secs

Your Hosts

About this Episode


The SEC has a total of 240 days to make a final decision on an application after it starts reviewing one. The SEC is giving the general public three weeks to weigh in on the proposal itself, and an additional five weeks to respond to those initial slate of comments.

SEC Sounds Kinda Bullish...

"In sum, the Exchange believes that this proposal is consistent with the requirements of Section 6(b)(5) of the Act, that this filing sufficiently demonstrates that the CME Bitcoin Futures market represents a regulated market of significant size, and that on the whole the manipulation concerns previously articulated by the Commission are sufficiently mitigated to the point that they are outweighed by investor protection issues that would be resolved by approving this proposal

  • Bettermarkets, an anti-bitcoin advocacy group, Released a statement saying the surveillance-sharing agreements set up in proposals were "wholly inadequate."

  • The next decision should come on November 11 with the final day for a decision on January 10, 2024.


  • The Bitcoin Lightning network, a series of stateful payment channels, is getting better with anchor outputs shipping in LDK (Lightning Development Kit), a dev kit that many popular wallets are built around


Inflation Snapshot

  • July PPI inflation rises to 0.8%, above expectations of 0.7%.
  • Core PPI inflation remained unchanged at 2.4%, above expectations of 2.3%.
  • Renter Inflation 8%
  • Shelter Inflation 7.7%

Average interest rates

  • Credit Card: 25%
  • Used Cars: 14%
  • New Cars: 9%

  • Total credit card debt in the US is up nearly $250 billion since 2020.

  • There is a record $3.5 TRILLION of untapped credit card debt.

    • Americans have only used ~22% of their credit card debt limit.

Record levels of debt:

A newly discovered vulnerability in the Libbitcoin Explorer 3.x library has allowed over $900,000 to be stolen from Bitcoin users, according to a report from blockchain security firm SlowMist.

Libbitcoin is a Bitcoin wallet implementation used by various applications, including Airbitz, Bitprim, Blockchain Commons, and Cancoin. SlowMist did not specify which applications are affected by the vulnerability.

The vulnerability, known as the “Milk Sad,” was first discovered by the cybersecurity team “Distrust” and reported to the CEV cybersecurity vulnerability database on Aug. 7. It involves a faulty key generation mechanism in the Libbitcoin Explorer, which allows attackers to guess private keys.


In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed BitForge, are affecting wallets using multi-party computation (MPC) technology, which allows for multiple parties to control and manage cryptocurrency holdings.

Bitcoin Education


Thank you Boosters

Value for Value

Sponsors and Acknowledgements

Music by Lesfm from Pixabay
Self Hosted Show courtesy of Jupiter Broadcasting