ICYMI Last Week → Spot bitcoin ETF delays | PEPE accused of rug pull | ChatGPT Enterprise

You're reading WeGro Coin's weekly news roundup, providing you with industry news to keep you in the know, eye-catching stories, and chart insights. 

This week, The SEC delayed spot bitcoin ETF decisions, Friend.tech fizzled fast, PEPE was accused of a rug pull, and OpenAI launched ChatGPT Enterprise.

These stories, chart insights, and more below! 

Let's dive in! 👇

​

SEC Delays Spot Bitcoin ETF Decision for All Applicants - The U.S. Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications filed by applicants earlier this year, according to agency filings on Thursday.

Friend.tech Fizzles Fast as Activity and Fees Tank - Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared “dead” by critics following a recent drop in key metrics such as activity, inflows and volume.

​

Other stories that caught our 👀

Pepecoin, once an extremely profitable memecoin, has plunged by more than 80% four (4) months after its record high. Now, there are accusations of a rug pull.

OpenAI accounted the launch of ChatGPT Enterprise on Aug. 28. This new offering provides enterprise-grade security and privacy, and unlimited higher-speed GPT-4 access.

X, formerly known as Twitter, has edged closer to its goal of integrating cryptocurrencies into its services by securing a currency transmitter license in Rhode Island.

China is reportedly aiming to extend its social credit systems influence into the metaverse and other online virtual realms, raising concerns about privacy and control.

​

This Week in the Charts

🧐 Is September going to be a red month for BTC this year? This is a question everyone may be thinking based on BTC's cycle. 

👀 We have seen a nice pump on BTC recently but unfortunately, we are seeing it back down to the $25k area.
→ With this play, we'll still be watching to see if BTC will make it to the downside target out of the wedge we have been following of around $21,000 while having Fibonacci swing low to swing high targets between $19k and $21,600. Doesn't mean we will hit this, but going back to the weekly charts and BTC's last cycle between August and September there is a chance of at least heading into September in the downside. 

⚠️ Even if this happens we should pull back on the weekly charts and look at its cycle leading into the halving year.
🔜 There is a possibility, looking back, that this September could be our last big dip before heading into higher highs and higher lows leading into the halving year.

🚨 It's important to  remember that anything could happen, similar to the last COVID event that could extend this downside. 

✨ I choose to have excitement based on its cycle that no matter what happens in September or leading into the halving year we all know the halving is moving closer and closer with each passing month. 🚀

​

📥 Did someone share this newsletter with you? Sign up here to get the weekly news roundup, and other WeGro news, directly to your inbox.

👂All ears all the time - If you have feedback, want to submit a share-worthy news story for the newsletter and/or want to know more about WeGro, [email us anytime](mailto:info@wegrocoin.com).