BitcoinWorld Crucial Warning: SEC’s Peirce Flags Looming Layer 2 Regulation for Centralized Protocols A significant development has emerged from the U.S. Securities and Exchange Commission (SEC), sending ripples across the crypto community. SEC Commissioner Hester Peirce, often dubbed ‘Crypto Mom’ for her progressive stance, has issued a crucial warning: centralized Layer 2 blockchains could soon find themselves under the purview of securities laws. This insight directly addresses the growing discussion around Layer 2 regulation and its profound implications for the future of blockchain scaling solutions. Understanding the SEC’s Stance on Centralized Layer 2s Commissioner Peirce’s remarks, as reported by CryptoSlate, draw a clear line between truly decentralized protocols and those that maintain elements of centralization. She explains that while fully decentralized protocols might navigate free from traditional securities laws, their centralized counterparts face a different reality. Decentralization is Key: Peirce emphasized that the level of control within a protocol is the determining factor. Exchange-Like Operations: If a single entity controls transactions, it starts to resemble a traditional exchange. Intermediary Role: Protocols whose operators act as intermediaries for trades may be required to comply with securities laws, similar to brokers or exchanges. This distinction is vital for understanding the SEC’s perspective. The core concern revolves around investor protection and market integrity, which are central to securities regulation. Why is Layer 2 Regulation a Growing Concern? Layer 2 solutions are designed to enhance the scalability and efficiency of base-layer blockchains like Ethereum. They achieve this by processing transactions off the main chain, then periodically settling them on the Layer 1. However, the pursuit of speed and lower costs can sometimes lead to trade-offs in decentralization. Many Layer 2s, especially in their early stages, might rely on centralized components for various functions, such as sequencers, validators, or upgrade mechanisms. This centralization introduces potential risks: Single Points of Failure: A centralized entity can become a target for attacks or be subject to undue influence. Censorship Risks: Centralized control could lead to the ability to censor transactions or users. Lack of Transparency: The operations of a centralized entity might not be as transparent as a fully decentralized network. The SEC’s focus on Layer 2 regulation stems from these inherent risks. If investors are putting capital into systems that are centrally controlled, they might not have the same protections as they would in a truly decentralized environment. Navigating the Future of Layer 2 Regulation: What’s Next? This warning from Commissioner Peirce serves as a critical call to action for developers and project teams building on Layer 2 solutions. The path forward for many protocols will likely involve a stronger emphasis on progressive decentralization. Projects should consider: Decentralizing Key Components: Moving away from single entities controlling sequencers, proposers, or upgrade paths. Enhancing Transparency: Clearly communicating the degree of decentralization to users and investors. Legal Scrutiny: Proactively assessing their operational structure against existing securities laws. For users and investors, understanding the underlying architecture of the Layer 2s they interact with becomes even more important. A protocol’s claims of decentralization should be met with due diligence, especially in light of potential Layer 2 regulation . The Impact of Potential Layer 2 Regulation on Innovation While the prospect of increased regulation can seem daunting, it also presents an opportunity for the crypto space to mature. Clearer guidelines, even if stringent, can foster greater investor confidence and potentially attract more institutional participation. The challenge lies in balancing regulatory compliance with the innovative spirit that drives blockchain technology. The SEC’s approach indicates a growing understanding of the nuances within the crypto ecosystem, moving beyond a blanket classification. This targeted focus on centralized components within Layer 2s suggests a future where the degree of decentralization will be a key factor in regulatory treatment. Concluding Thoughts on Layer 2 Regulation Commissioner Peirce’s warning is not merely a hypothetical statement; it’s a clear signal of the SEC’s evolving perspective on the rapidly expanding Layer 2 landscape. Projects that prioritize decentralization from their inception, or actively work towards it, will be better positioned to navigate the regulatory currents ahead. This ongoing dialogue between regulators and innovators will ultimately shape a more robust and compliant future for blockchain technology. Frequently Asked Questions (FAQs) Q1: What exactly is a Layer 2 blockchain? A1: A Layer 2 blockchain is a secondary framework or protocol built on top of an existing blockchain (Layer 1) to improve its scalability and efficiency. It processes transactions off-chain and then settles them back on the main chain. Q2: Why would centralized Layer 2s be regulated as securities? A2: According to SEC Commissioner Peirce, if a Layer 2 protocol is controlled by a single entity and its operators act as intermediaries for trades, it functions similarly to a traditional exchange, thus potentially falling under securities laws designed to protect investors. Q3: How can Layer 2 projects avoid regulatory scrutiny? A3: Projects can aim for progressive decentralization, ensuring that control over key operational aspects is distributed among multiple, independent entities rather than concentrated in a single one. Transparency about their governance structure is also crucial. Q4: Does this mean all Layer 2s are at risk of regulation? A4: No, Commissioner Peirce specifically highlighted centralized Layer 2s. Truly decentralized protocols, where no single entity holds significant control, are less likely to be subject to the same securities regulations. Q5: What should users look for in a Layer 2 protocol? A5: Users should research the decentralization roadmap and current governance structure of a Layer 2. Understanding who controls key functions and how decisions are made can provide insight into its regulatory risk profile. If you found this article insightful, consider sharing it with your network! Stay informed about the evolving regulatory landscape in the crypto space by sharing this crucial information. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Crucial Warning: SEC’s Peirce Flags Looming Layer 2 Regulation for Centralized Protocols first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld US Spot Bitcoin ETFs Surge with Remarkable $364M Inflow Reversal The world of digital assets is buzzing with exciting news: US spot Bitcoin ETFs have made a remarkable comeback. After experiencing a brief period of outflows, these investment vehicles saw a substantial surge in capital, signaling renewed investor confidence and a potential shift in market sentiment. This reversal is a critical development for the broader cryptocurrency ecosystem. What’s Driving the US Spot Bitcoin ETFs Rebound? On September 8, US spot Bitcoin ETFs collectively recorded an impressive $364 million in total net inflows. This figure marks a significant turnaround, effectively reversing two consecutive days of outflows. The data, compiled by Trader T, highlights a strong appetite for Bitcoin exposure through regulated financial products. This influx of capital suggests that institutional and retail investors alike are once again actively seeking opportunities within the Bitcoin market. The consistent performance and increasing accessibility of these ETFs play a crucial role in attracting such significant investments. Which Funds Are Leading the Charge Among US Spot Bitcoin ETFs? Several key players in the ETF space were instrumental in this positive shift. Their individual contributions demonstrate a diverse interest across different providers. The leading funds included: Fidelity’s FBTC: Led the pack with a substantial $156 million in inflows. Ark Invest’s ARKB: Followed closely, attracting $89.47 million. Bitwise’s BITB: Saw positive flows of $42.71 million. BlackRock’s IBIT: Also contributed significantly with $25.52 million in new capital. These figures underscore the competitive yet growing landscape for US spot Bitcoin ETFs . Investors are clearly diversifying their exposure across various reputable providers, seeking the best options for their digital asset portfolios. Why Do These Inflows Matter for Bitcoin’s Future? The consistent net inflows into US spot Bitcoin ETFs carry profound implications for the future of Bitcoin and the wider crypto market. Firstly, they validate Bitcoin as a legitimate and increasingly accepted asset class within traditional finance. This institutional embrace can lead to greater stability and reduced volatility over time. Moreover, these inflows contribute to increased liquidity in the Bitcoin market. Higher liquidity generally means easier trading and less price manipulation, fostering a healthier and more robust market environment. It also signifies growing mainstream adoption, which is essential for Bitcoin’s long-term growth trajectory. Actionable Insights: What Should Investors Watch Next with US Spot Bitcoin ETFs? For investors keen on understanding the evolving crypto landscape, monitoring the flow data for US spot Bitcoin ETFs is paramount. These figures provide a real-time pulse of institutional and large-scale investor sentiment. Here are some key areas to observe: Sustained Inflows: Look for continued net inflows over several weeks, which would indicate a more entrenched positive trend rather than a one-off event. Regulatory Developments: Keep an eye on any new regulatory guidance or approvals that could further shape the environment for digital asset products. Market Performance: Observe how Bitcoin’s price reacts to these inflows, as well as broader economic indicators that might influence investor risk appetite. Understanding these dynamics helps in making informed decisions and anticipating market shifts. While past performance is not indicative of future results, a clear trend in ETF flows can offer valuable insights. The recent $364 million net inflow into US spot Bitcoin ETFs represents a powerful statement of renewed confidence in the digital asset space. This reversal of outflows, led by major players like Fidelity and Ark Invest, highlights Bitcoin’s growing appeal within traditional financial frameworks. As these ETFs continue to mature, they will undoubtedly play an increasingly pivotal role in shaping Bitcoin’s journey toward broader institutional and mainstream acceptance. The momentum is building, and the eyes of the financial world are firmly fixed on what comes next for these innovative investment products. Frequently Asked Questions (FAQs) What is a US spot Bitcoin ETF? A US spot Bitcoin ETF is an exchange-traded fund that directly holds Bitcoin. It allows investors to gain exposure to Bitcoin’s price movements without having to buy and store the cryptocurrency themselves, trading like a traditional stock on regulated exchanges. Which funds saw the largest inflows on September 8? On September 8, Fidelity’s FBTC led with $156 million in net inflows, followed by Ark Invest’s ARKB with $89.47 million, Bitwise’s BITB with $42.71 million, and BlackRock’s IBIT with $25.52 million. Why are these inflows important for the crypto market? These inflows are crucial because they signal increasing institutional and mainstream investor confidence in Bitcoin. They contribute to market liquidity, enhance Bitcoin’s legitimacy as an asset class, and can potentially lead to more stable price action and broader adoption. What are the potential challenges or risks associated with US spot Bitcoin ETFs? While offering benefits, US spot Bitcoin ETFs are still subject to market volatility inherent in cryptocurrencies. Regulatory changes, cybersecurity risks related to the underlying assets, and broader economic downturns can all impact their performance. Investors should conduct thorough research and understand these risks. If you found this article insightful, consider sharing it with your network! Stay informed about the latest trends in digital assets by following us on social media. To learn more about the latest explore our article on key developments shaping Bitcoin institutional adoption. This post US Spot Bitcoin ETFs Surge with Remarkable $364M Inflow Reversal first appeared on BitcoinWorld and is written by Editorial Team
The SEC is zeroing in on privacy and surveillance in crypto, unleashing a high-stakes roundtable to spotlight cutting-edge tools redefining financial oversight and regulatory clarity. SEC’s Upcoming Roundtable to Unpack Privacy Tools, Policy, and Crypto Oversight The U.S. Securities and Exchange Commission (SEC) announced on Sept. 8 that its Crypto Task Force will host a
COINOTAG News reported on September 9 that, according to LookIntoChain on-chain monitoring, two whale addresses withdrew a combined 376,076 SOL—approximately $80.7 million—from Binance within a 24-hour period and deposited the
BitcoinWorld Spot ETH ETFs Face Alarming Outflows: What’s Driving the Market Shift? The world of cryptocurrency investment is always buzzing with activity, and recently, a significant trend has emerged that’s catching the attention of many: Spot ETH ETFs are experiencing a notable period of withdrawals. This development has sparked discussions across the market, raising questions about investor sentiment and the future trajectory of Ethereum-backed exchange-traded funds. Unpacking the Latest Spot ETH ETFs Data: What Happened? Recent reports highlight a challenging phase for U.S. Spot ETH ETFs . On September 8, these funds collectively recorded a net outflow of $96.65 million. This wasn’t an isolated incident; it marked the sixth consecutive trading day where withdrawals exceeded inflows, signaling a consistent trend that warrants closer examination. Let’s break down the figures to understand the full picture: BlackRock’s ETHA Fund: This particular fund saw a substantial outflow of $190 million, contributing significantly to the overall net withdrawal. Fidelity’s FETH: In contrast, Fidelity’s product attracted a healthy $75.15 million in net inflows, demonstrating continued investor confidence in this specific offering. Grayscale’s ETH and Mini ETH Products: These funds also experienced positive movement, with inflows of $9.55 million and $11.31 million respectively. These contrasting figures paint a nuanced picture, suggesting that while some funds are facing headwinds, others are still managing to attract capital, perhaps due to differing investor strategies or product specifics. Why Are Spot ETH ETFs Experiencing These Shifts? Understanding the reasons behind these market movements is crucial for any investor. Several factors could be contributing to the recent outflows from Spot ETH ETFs : Market Volatility and Sentiment: The broader cryptocurrency market often experiences periods of heightened volatility. Negative news or general market downturns can lead investors to de-risk and withdraw funds from their holdings, including ETFs. Profit-Taking: It’s possible that some investors who entered these ETFs earlier, when Ethereum’s price was lower, are now choosing to take profits, especially if they perceive the market to be at a temporary peak or if they need to rebalance their portfolios. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies and related investment products like Spot ETH ETFs remains a topic of ongoing debate and evolution in the U.S. and globally. Any perceived tightening or lack of clarity could prompt cautious investors to pull back. Macroeconomic Factors: Global economic conditions, such as inflation concerns, interest rate changes, or geopolitical events, can influence investor appetite for riskier assets like cryptocurrencies. When traditional markets face uncertainty, capital sometimes flows out of speculative investments. It’s important to remember that these are often interconnected factors, creating a complex environment where multiple forces are at play simultaneously. What Do These Spot ETH ETFs Outflows Signal for the Future? The consistent outflows, particularly from a major player like BlackRock, prompt us to consider the potential implications. While it’s too early to declare a long-term trend, these movements could indicate a shift in short-term investor sentiment towards Ethereum. For new investors or those looking to adjust their portfolios, these developments offer a critical point of reflection. Here’s what these trends might suggest: Evolving Investor Strategy: Investors might be re-evaluating their exposure to Ethereum through ETFs, possibly opting for direct ownership or other investment vehicles. Market Maturation: As the crypto market matures, institutional products like Spot ETH ETFs are subject to the same supply-and-demand dynamics as traditional financial instruments, leading to periods of both inflows and outflows. Opportunity for Entry? For some, periods of outflows could signal potential buying opportunities if they believe in Ethereum’s long-term value and see current prices as a discount. Ultimately, monitoring these trends closely, alongside broader market analysis, will be key to making informed investment decisions. Conclusion: Navigating the Shifting Tides of Spot ETH ETFs The recent six-day streak of outflows from U.S. Spot ETH ETFs , totaling nearly $97 million, underscores the dynamic and often unpredictable nature of the cryptocurrency market. While BlackRock’s significant withdrawals stand out, the inflows into Fidelity and Grayscale products remind us that investor sentiment is not monolithic. These movements are likely influenced by a confluence of market volatility, profit-taking, regulatory concerns, and broader macroeconomic factors. For investors, staying informed and understanding these underlying currents is paramount to navigating the evolving landscape of digital asset investments. Frequently Asked Questions (FAQs) What is a Spot ETH ETF? A Spot ETH ETF, or Exchange-Traded Fund, directly holds Ethereum (ETH) as its underlying asset. This allows investors to gain exposure to Ethereum’s price movements without directly buying, storing, or managing the cryptocurrency themselves. Why are Spot ETH ETFs experiencing outflows? Outflows can be attributed to several factors, including market volatility, investors taking profits after price gains, ongoing regulatory uncertainties surrounding cryptocurrencies, and broader macroeconomic conditions that influence risk appetite. Which Spot ETH ETF funds saw inflows during this period? During the recent period of net outflows, Fidelity’s FETH fund attracted $75.15 million in net inflows, while Grayscale’s ETH and Mini ETH products also saw positive inflows of $9.55 million and $11.31 million, respectively. How do these outflows impact Ethereum’s price? Significant outflows from Spot ETH ETFs can exert downward pressure on Ethereum’s price, as it indicates a decrease in demand for ETH through these investment vehicles. However, other market factors also play a crucial role in price determination. Is this a long-term trend for Spot ETH ETFs? It’s challenging to determine if these outflows represent a long-term trend. The cryptocurrency market is highly dynamic. These movements could be a short-term correction, a response to specific market events, or a signal of evolving investor strategies. Continuous monitoring of market data and sentiment is essential. Did you find this analysis helpful? Share this article with your network to keep them informed about the latest trends in Spot ETH ETFs and the broader crypto market! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action . This post Spot ETH ETFs Face Alarming Outflows: What’s Driving the Market Shift? first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin price is struggling to recover above $112,500. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a recovery wave above the $110,800 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $110,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $113,000 zone. Bitcoin Price Faces Key Hurdles Bitcoin price started a fresh recovery wave from the $110,000 zone. BTC managed to climb above the $110,800 and $111,200 resistance levels. The bulls were able to push the price above the 50% Fib retracement level of the key decline from the $113,372 swing high to the $110,039 low. However, the bears remained active near the $112,600 zone and prevented more gains . The 76.4% Fib retracement level of the key decline from the $113,372 swing high to the $110,039 low acted as a resistance. Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $110,800 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $111,750 level. The first key resistance is near the $112,000 level. The next resistance could be $112,550. A close above the $112,550 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $114,200 level. The main target could be $115,000. Another Decline In BTC? If Bitcoin fails to rise above the $112,550 resistance zone, it could start a fresh decline. Immediate support is near the $110,800 level and the trend line. The first major support is near the $110,500 level. The next support is now near the $110,000 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $110,800, followed by $110,000. Major Resistance Levels – $112,550 and $113,000.
TRUMP sits at a crossroads: bullish whales on one side, stubborn sellers on the other. Which force wins?
Solana (SOL) experienced a notable 6% price increase to start the week, following the announcement of a new initiative involving three major players in the crypto sector: Galaxy Digital, Jump Crypto, and Multicoin Capital. This collaboration aims to establish a new Solana treasury. $1.65 Billion PIPE Offering To Establish Solana Treasury In a revelation made earlier on Monday, Forward Industries (FORD) disclosed its plans for a private investment in public equity (PIPE) offering, with commitments totaling $1.65 billion in cash and stablecoins. This offering is being spearheaded by crypto-focused investment manager Galaxy Digital, Jump Crypto, and Multicoin Capital, all of which will provide vital capital for the new treasury fund. Financial advisor C/M Capital Partners will also participate in this venture. By leveraging the expertise and resources of Galaxy Digital, Jump Crypto, and Multicoin, Forward Industries aims to generate increased on-chain returns and enhance long-term shareholder value through active participation in Solana’s growth. Related Reading: Dogecoin Leads Altcoin Rally Amid ETF Speculation: Is $1.50 the Next Big Target? Michael Pruitt, CEO of Forward Industries, expressed his view about the initiative, stating, “Our strategy to build an active Solana treasury program underscores our conviction in the long-term potential of SOL and our commitment to building shareholder value by directly participating in its growth.” As part of this initiative, Kyle Samani, co-founder and Managing Partner of Multicoin, is expected to assume the role of Chairman of the Board of Directors upon the closing of the PIPE. Samani, who has been a long advocate of the Solana protocol, believes that the platform is often “misunderstood and undervalued,” stating: Real economic value is being generated on Solana. An institutional-scale treasury can be deployed in sophisticated ways within the Solana ecosystem to create differentiated value and increase SOL per share at a faster rate than simply being a passive holder.” Galaxy’s President and Chief Investment Officer, Chris Ferraro, along with Saurabh Sharma, Chief Investment Officer at Jump Crypto, are also anticipated to join as Board observers. SOL Strategies Set For Nasdaq Debut Mike Novogratz, Founder and CEO of Galaxy, expressed confidence in the initiative, stating that with the leadership of Samani, Ferraro, and Sharma, Forward Industries is poised to distinguish itself as a leading publicly traded entity within the SOL ecosystem. Jump Crypto’s Sharma echoed this sentiment, expressing excitement about Forward Industries’ strategy centered on Solana. He emphasized the opportunity to offer investors access to innovative on-chain return sources that extend beyond traditional staking, leveraging Solana’s advanced decentralized finance ecosystem. Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken Notably, the new treasury company will join SOL Strategies. As reported by NewsBTC last week, SOL Strategies was the first Solana treasury firm to receive approval for listing on the Nasdaq under the ticker symbol “SRKTE.” Trading is expected to begin on Tuesday. With the formation of the new treasury company, SOL’s price skyrocketed toward the key $215 line, outperforming its peers in the top 10 largest cryptocurrencies, including Bitcoin (BTC). However, SOL still trades 27% below the $293 record reached earlier this year. Featured image from DALL-E, chart from TradingView.com
A leading figure in the Bitcoin Ordinals movement has threatened to bankroll an alternative version of the reference Bitcoin software if Bitcoin Core tightens default relay policy to the detriment of Ordinals and Runes transactions. In an “open letter to Bitcoin Core” posted on September 6, Leonidas — host of The Ordinal Show and a prominent organizer in the inscriptions ecosystem — warned that “any serious attempt by Bitcoin Core to tighten policy rules or censor Ordinals and Runes transactions will be met with decisive action.” He said that, if necessary, “the DOG Army will fund the development and maintenance of an open source fork of Bitcoin Core that strips out nearly all policy rules,” adding that thousands would run it “to make it abundantly clear that Bitcoin is and must always remain censorship resistant.” Leonidas framed the dispute as one over the base-layer neutrality. He argued that the Ordinals/Runes economy is not freeloading, claiming it has “contributed over half a billion dollars in transaction fees to strengthen Bitcoin’s security,” and asserted he has spoken “directly with miners and mining pools representing more than 50% of Bitcoin’s total hash rate,” who, he said, will accept any consensus-valid transactions with competitive fees if the process is straightforward. Bitcoin Core Vs. Knots The post lands amid intensifying debate over mempool policy vs. consensus and ahead of Bitcoin Core’s next major release . The pushback from “monetary-maximalist” voices has been equally blunt. Blockstream CEO Adam Back reiterated that “Bitcoin is owned by humanity, the protocol developers are stewards, and need consensus from users to change it materially,” adding that “bitcoin is about money, spam has no place in the timechain,” and that the Core client’s defaults therefore matter. In parallel comments, Back has questioned whether peer-to-peer filters even work in practice to curb the activity inscriptions critics call “spam.” Luke Dashjr, maintainer of the Knots implementation and a lead advocate of stricter default policy , insists the posture is not censorship. “No, filters are not censorship,” he wrote in a fresh exchange — a line consistent with his years-long position that nodes may, and often should, apply relay filters, while miners remain free to include any consensus-valid transaction that pays sufficient fees. Dashjr has continued to argue for stronger default limits and has encouraged operators who prefer stricter policy to run Knots. Bitcoin is not a finished product. We may be on a detour to address spam, and part of the crisis did originate with (mishandling of) the Segwit and Taproot upgrades – but to improve the world, we still need more functionality. Stopping all improvements forever (“ossifying”) is… — Luke Dashjr (@LukeDashjr) September 8, 2025 At the center of the dispute is Bitcoin Core v30, scheduled for October, and specifically a set of policy changes merged in June that widen the “standardness” aperture for data-carrying transactions. Core v30 will remove the long-standing default 80-byte cap on OP_RETURN payloads (making the effective cap the block size limit) and, crucially, will begin relaying transactions with multiple OP_RETURN outputs by default — changes to mempool relay policy, not to consensus rules. Proponents say aligning policy with what miners actually include improves fee estimation, reduces reliance on out-of-band submission, and corrects perverse incentives that pushed data into the UTXO set; critics see it as normalizing non-monetary use of block space. Core developers have publicly articulated where they draw the line. In a June 6 statement, signatories including Pieter Wuille, Gloria Zhao, Greg Sanders and others wrote that Core aims to “make our software work as efficiently and reliably as possible” for validating and relaying transactions and blocks, and that transaction-relay policy should not “block … transactions that have sustained economic demand and reliably make it into blocks.” They warned that knowingly refusing to relay such transactions pushes users into alternative submission channels and undermines decentralization — while stressing this is not an endorsement of non-financial data, merely an acceptance that a censorship-resistant system will be used for things “not everyone agrees on.” Leonidas, for his part, rejected any normalization of content-based filtering: “There is no meaningful difference between normalizing the censorship of JPEG or memecoin transactions and normalizing the censorship of certain monetary transactions by nation-states. Both would set very dangerous precedents.” He also claimed that “over twenty Bitcoin startups that operate economically relevant nodes … would welcome the expanded design space” if nodes were required only to follow consensus rules rather than “arbitrary policy restrictions.” The governance backdrop matters. Bitcoin Core is not Bitcoin, and users choose which software to run — a point both sides invoke. In practical terms, the market is already voting with its node software: according to Coin.Dance, Knots has gained huge momentum and now accounts for 4,373 of 23,729 publicly reachable nodes — just over 18% — up sharply in recent months as the relay-policy fight has intensified. At press time, BTC traded at $112,009.
Dogecoin price is trading at $0.2373 inside a broadening wedge, with $2.9B daily volume and 94% ETF approval odds, signaling a potential $1.40 projection if the logarithmic uptrend and breakout