This week, five major crypto stories grabbed headlines. Firstly, major asset managers are seeking approval for Ethereum ETFs, while the SEC delays a decision. Terraform Labs, known for Terra/Luna, made a significant acquisition post Do Kwon's departure, and Jump Trading spun off Wormhole. Additionally, South Korea's pension fund invested in Coinbase shares, and Ordinal-like tokens surged on Polygon. Let's delve into each story:

1. Ethereum ETF Developments: BlackRock and Fidelity filed for Ethereum ETFs, emphasizing investor protection. The SEC postponed a decision on the Hashdex Nasdaq Ethereum ETF until January 2024, affecting a bitcoin futures ETF application.

2. Terraform Labs Acquisition: Terraform Labs acquired Pulsar Finance, bolstering its technology amid legal disputes and Do Kwon's absence.

3. South Korea's Pension Fund Invests in Coinbase: The National Pension Service purchased $19.9 million worth of Coinbase shares, marking its first crypto-related investment.

4. Jump Trading's Wormhole Spin-Off: Jump Trading transformed Wormhole into an independent entity amid downsizing its crypto division due to regulatory uncertainties.

5. Polygon's Ordinal-like Tokens Surge: Polygon witnessed increased transaction volume due to PRC-20 tokens, causing a rise in gas fees but maintaining cost-effectiveness compared to Ethereum.