The U.S. Securities and Exchange Commission (SEC) has paused Grayscale's proposal to convert its Digital Large Cap Fund into an exchange-traded fund (ETF). The fund, which includes major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), will undergo further review by the regulatory body. This decision comes as the SEC continues to scrutinize cryptocurrency-related financial products. In other news, OpenAI has clarified that any "OpenAI tokens" are not legitimate equity and that the company has not partnered with Robinhood or been involved in any token creation. This statement aims to dispel any misconceptions about the company's involvement in token offerings. Meanwhile, Standard Chartered has projected Bitcoin to reach $135,000 in Q3 and potentially $200,000 by the end of 2025, reflecting growing optimism in the cryptocurrency's future value.