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Good afternoon crypto friends ☕️,

Bitcoin is slightly lower today as word gets out that Spot Bitcoin ETF files are inadequate. ETH pushes higher as we end the week. Let’s dive in.

Fidelity refiled an application for a Bitcoin spot exchange-traded fund
In first legal response to the regulator's lawsuit, Coinbase claimed that digital assets listed on its platform fall outside the U.S. Securities and Exchange Commission's (SEC)
FTX begins talks to relaunch international cryptocurrency exchange
Polygon shares Proposal for Architecture of Polygon 2.0
Why $COMP Pumped over the past 2 weeks by @DefiIgnas
Offchain Lab’s CEO says competing with Ethereum is a big mistake

The SEC said recent filings to launch a spot bitcoin ETF are inadequate, per the WSJ, citing sources close to the matter.

The SEC stated the filings didn't have enough detail with respect to the “surveillance-sharing agreements," including which spot bitcoin exchange would be used. The asset managers can update their applications and refile.

The Ethereum Name Service (ENS) is planning to implement two new features that will make it easier and more affordable to register and use ENS domains.

The first feature is Layer 2 interoperability, which will allow ENS domains to be used on Layer 2 solutions such as Arbitrum and Optimism. This will reduce the cost of using ENS domains, and will also make them more scalable.
The second feature is gasless DNS names, which will allow users to import DNS names into ENS without paying any transaction fees. This will make it easier for users to use their existing web addresses with ENS, and will also make ENS more accessible to traditional internet users.

These features are expected to be released in the third quarter of 2023.

Celsius, a bankrupt crypto lender, has been granted permission to start liquidating its altcoins. The company will only distribute bitcoin and ethereum to creditors, as the SEC has recently said that other crypto tokens constitute securities.