SEC Says Spot Bitcoin ETF Filings Are Inadequate

Regulator tells Nasdaq, Cboe that recent filings from BlackRock, Fidelity and others aren’t clear and comprehensive

https://www.wsj.com/articles/sec-says-spot-bitcoin-etf-filings-are-inadequate-390336e8

✔️South Korean lawmakers pass crypto bill to protect investors

https://www.theblock.co/post/237190/south-korean-lawmakers-pass-crypto-bill-to-protect-investors

❌Gary Gensler is not resigning, SEC PR told FOX reporter Charles Gasparino

https://twitter.com/CGasparino/status/1675650578657992704

❌Belarus Bans Transfer of Cryptocurrencies Among Individuals.

https://coingape.com/belarus-bans-transfer-of-cryptocurrencies-among-individuals-heres-why/

❌Singapore Regulator Bans Crypto Exchanges from Lending, Staking for Retail Investors

⚠️Alongside the staking and lending ban, crypto exchanges are expected to keep user funds in a Trust.

https://decrypt.co/147091/singapore-regulator-bans-crypto-exchanges-from-lending-staking-retail-investors?amp=1

Hong Kong urged to issue stablecoin to compete with Tether and USDC

https://www.theblock.co/post/237728/hong-kong-stablecoin-usdt-usdc?utm_source=telegram2&utm_medium=social

Federal judge blocks Biden admin from contacting social media companies to censor information.

https://www.reuters.com/legal/judge-blocks-us-officials-communicating-with-social-media-companies-newspaper-2023-07-04/

🔔$9 trillion asset manager BlackRock CEO says crypto is digital gold and "Bitcoin is an international asset."


https://www.coindesk.com/business/2023/07/05/blackrock-ceo-larry-fink-says-bitcoin-could-revolutionize-finance/

🔔Celsius has converted around $74m of altcoins into BTC and ETH.

https://www.theblock.co/post/237887/celsius-moves-70-million-of-altcoins-following-ruling-it-can-swap-to-bitcoin-and-ether

🔔 We have swapped all multichain assets out and closed deposits a while back. Multichain issue does not affect users on Binance or Binance itself: CZ !

https://twitter.com/cz_binance/status/1677188504365809665

🔔Presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin, financial records reveal

https://www.cnbc.com/2023/07/07/rfk-jr-bitcoin-investment-raises-ethics-concerns.html

🔔Japan’s largest banks team up to bring stablecoins to Cosmos.

https://blockworks.co/news/japan-stablecoins-to-cosmos

Key Events This Week 🔥

1. CPI Inflation data- Wednesday
2. PPI Inflation data - Thursday
3. Jobless Claims - Thursday
4. Consumer Sentiment data - Friday
5. Q2 2023 bank earnings begin
6. Total of 8 Fed speakers this week

Expecting volatility this week.😌

Arkham (ARKM) to be launched via Binance Launchpad on July 18th

http://binance.com/en/support/announcement/introducing-the-arkham-arkm-token-sale-on-binance-launchpad-6ad1921b56fb4b369f9cf3e4449e62e2

🔔Financial Conduct Authority (FCA) of UK shuts down 26 crypto ATMs following coordinated investigation

https://cointelegraph.com/news/uk-fca-shuts-down-26-illegal-crypto-atms

FTX claims now online at https://claims.ftx.com

Tether issued an additional 1 billion USDT on the TRON network today. 

https://twitter.com/WuBlockchain/status/1679039362397515776

🔔Polygon To Launch POL Token

Polygon team proposes to launch POL token. MATIC holders will need to swap MATIC to POL token. The proposed POL token is intended to operate across all Polygon protocols, including Proof of Stake (PoS), zkEVM and Supernets.

https://twitter.com/0xPolygonLabs/status/1679427540790681600

🔔 Ripple wins case against SEC as judge rules XRP is not a security

https://cointelegraph.com/news/ripple-wins-case-against-sec-as-judge-rules-xrp-is-not-a-security

🔔Multichain ceases operations. Multichain team confirms its CEO Zhaojun and his sister has been detained in China !

https://twitter.com/MultichainOrg/status/1679768407628185600

🙌The spot Bitcoin ETF application from BlackRock has received formal SEC recognition.