Weekly Roundup

Celsius Bankruptcy: It was reported that crypto lender Celsius Network filed for bankruptcy after citing “extreme” market conditions and freezing withdrawals last month, cutting off access to savings for individual investors and sending tremors through the crypto market.

ARK 21Shares Spot Bitcoin ETF: The SEC delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood’s Arc Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until August 30.

Fintech Funding: According to data from CBI Insights, global venture funding to fintech companies slipped 33% in the second quarter.

G20 Global Crypto Rules: The Financial Stability Board (FSB), a body of regulators, treasury officials and central bankers from the Group of 20 economies (G20), announced that it would propose “robust” global rules for cryptocurrencies in October.

Single-Stock Levered and Inverse Exchange-Traded Funds: The SEC approved single-stock levered and inverse exchange-traded funds, products that utilize derivatives to take a leveraged or inverse position on single securities, as the latest complex product to come to market. The regulatory body was careful to underscore the added risk that such funds carry.

$2.54 Billion Fintech Fundraise: Private equity firm Motive Partners announced that it has raised $2.54 billion for its second flagship fund focused on technology-enabled financial and business services industries.

In the Mix: This Week’s Top FinTech Thought Leader