🔔 JPMorgan: Mt. Gox Creditors Likely to Sell Bitcoin Receivables Next Month

➡️ Defunct crypto exchange Mt. Gox will start distributing bitcoin repayments to creditors next month. These creditors are expected to sell part of their bitcoin receivables, initially pressuring the market. However, JPMorgan analysts anticipate a recovery beginning in August.

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https://www.theblock.co/post/302217/jpmorgan-mt-gox-bitcoin

🔔 Galaxy Digital Predicts Up to $7.5 Billion Inflow into ETH ETFs Within First Five Months

➡️ Galaxy Digital predicts that Ethereum (ETH) exchange-traded funds (ETFs) could soon become a multi-billion dollar market after SEC approval. Analysts expect the first approvals next week. Charles Yu, Galaxy's VP of Research, forecasts inflows of $3 billion to $7.5 billion in the first five months, following the success of Bitcoin ETFs. Yu believes ETH ETFs will boost market adoption and legitimacy among institutional investors and regulators.

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https://www.theblock.co/post/302396/galaxy-digital-sees-up-to-7-5-billion-flowing-into-eth-etfs-within-first-five-months

🔔 Coinbase announced a partnership with Stripe, Stripe is adding USDC to its crypto payment products and adding USDC on Base to its fiat-to-crypto onramp. Coinbase will add Stripe's fiat-to-crypto onramp to Coinbase Wallet to allow users to instantly buy cryptocurrencies with credit cards and Apple Pay.

👉 https://www.coinbase.com/zh-sg/blog/coinbase-stripe-team-up-to-increase-global-adoption-of-crypto?__cf_chl_rt_tk=GtRElYp_bOZ85y_6QoTrs83aFicUZvuVZeFuBUScHv0-1719533256-0.0.1.1-4564

🔔 T-Rex Files for 2X Leveraged MicroStrategy ETF

➡️ Financial services firm T-Rex Group has filed for a leveraged MicroStrategy (MSTR) ETF in the U.S. Analyst Eric Balchunas described it as a "ghost pepper" ETF due to its potential volatility, which could be around 20 times that of the S&P 500.

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https://x.com/EricBalchunas/status/1806436903119671763

🔔 BlackRock's Global Allocation Fund holds 43,000 shares in the iShares Bitcoin Trust.

👉 Source

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🔔  The European Union’s financial watchdog tasked with overseeing stablecoin regulations across the bloc — has opened up vacancies for crypto experts.

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🔔 The Aptos Foundation, in collaboration with Alibaba Cloud, China's largest cloud service provider, launched Alcove, Asia's first co-branded Move developer community, to promote smart contract programming languages ​​in the Asia-Pacific region. Alcove’s mission is to amplify the impact and proliferation of the Move smart contract programming language among talented developers.

👉 https://aptosfoundation.org/currents/aptos-foundation-and-alibaba-cloud-unite-to-boost-web3-in-japan

🔔 Paradigm has rolled out Reth 1.0, its first production-ready Ethereum execution client developed in Rust.

👉 Source

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🔔 Jesse Powell, the founder of Kraken, has donated $1 million to Donald Trump

➡️ Kraken founder Jesse Powell announced a $1 million donation to Donald Trump's campaign, citing Trump's pro-crypto stance. Powell criticized the Biden administration's regulatory approach, which he believes weakens U.S. competitiveness in crypto. Powell, who stepped down as CEO in 2022, still serves as Kraken's chairman.

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https://x.com/jespow/status/1806569144294556146

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https://x.com/xPortalApp/status/1808082437135630742

🔔 Bittensor's TAO Drops 15% Following $8M Wallet Drain Attack

➡️ Bittensor halted its blockchain after an attack drained $8 million from a user wallet, causing a 15% drop in TAO token prices. The chain is now in "safe mode," producing blocks but not processing transactions, with the latest transactions around 23:00 UTC on Tuesday.

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https://x.com/shibshib89/status/1808306071263760612

🔔 Uniswap Wallet Partners with Transak to Offer Fiat On-Ramping Services

➡️ Transak has partnered with Uniswap Labs to enable fiat purchases of crypto directly in the Uniswap Wallet. This integration aims to simplify access to decentralized finance (DeFi) for users in over 160 countries by supporting various payment methods like Apple Pay, Google Pay, and credit/debit cards.

👉 https://transak.com/blog/transak-powers-easy-defi-entry-for-users-with-uniswap-partnership

🔔 Binance Adds Monitoring Tags to 11 Tokens, Warns of Potential Delisting; Removes Tags from Enzyme (MLN) and Horizon (ZEN)

➡️ Binance has added monitoring tags to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), and Sun (SUN), indicating potential delisting. Enzyme (MLN) and Horizon (ZEN) have been removed from the monitoring tag.

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https://www.binance.com/en/support/announcement/782b121c462b499487dc8f20e0edc6b2

🔔 Aave Protocol Launches GHO Stablecoin on Arbitrum

➡️ Following a vote from the Aave DAO, the GHO stablecoin has been deployed on the Arbitrum network. The DAO plans to launch GHO on multiple networks over time, starting with Arbitrum due to its low transaction costs and increased throughput. This phased rollout is aimed at ensuring security and effective risk management.

👉 Source

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🔔 Texas Judge Fast-Tracks SEC Case Against Consensys

➡️ A Texas judge has scheduled the SEC's case against Consensys, with proceedings set between July 29 and November 26. A decision could come by the end of 2024 or early 2025. Consensys lawyer Bill Hughes noted the expedited consideration of whether the SEC can regulate MetaMask as a securities broker and issuer.

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https://x.com/BillHughesDC/status/1808141882762891747

🔔 SEC vs. Binance: Court Declares BNB Sales and Cryptocurrencies Not Securities

➡️ A U.S. federal court ruled that cryptocurrencies and secondary sales of Binance’s BNB token are not securities. Judge Amy Berman Jackson found the SEC failed to prove BNB purchasers expected profits, a key part of the Howey test. This decision is a significant win for Binance amid increased regulatory scrutiny post-FTX collapse.

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https://www.binance.com/en/blog/regulation/us-federal-judge-rejects-main-claims-by-sec-against-binance-6713897865359416262

🔔 South Korean Exchanges Set to Reassess 1,300 Tokens Using Updated Standards

➡️ South Korea's 20 crypto exchanges have established a new code of conduct, reevaluating over 1,300 cryptocurrencies. Starting July 19, the self-regulatory standards will coincide with South Korea’s crypto investor protection framework. Exchanges must now assess new tokens based on strict requirements and establish independent decision-making bodies for listings, maintaining records for 15 years to ensure transparency.

👉 Source

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🔔 SEC Charges Silvergate Capital and Executives for Misleading Investors on Compliance and Losses

➡️ The SEC charged Silvergate Capital, former CEO Alan Lane, and former CRO Kathleen Fraher with misleading investors about their BSA/AML compliance and monitoring of crypto customers, including FTX. Silvergate and former CFO Antonio Martino were also charged with misleading investors about losses from expected securities sales after FTX’s collapse. All parties, except Martino, have agreed to settle.

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https://www.sec.gov/newsroom/press-releases/2024-82