Analysis
Exchanges
Binance urges Dutch customers to move assets to Coinmerce before July 17 departure from the Netherlands
The exchange is exiting the nation over regulatory difficulties and has urged users to move their assets before the deadline.
Adoption
Israeli crypto bill aims to clarify regulations and attract foreign investors with new tax incentives
The bill includes language that would reduce the current 50% tax on crypto bonuses given to employees to 25%.
Regulation
Valkyrie’s spot-Bitcoin ETF application has been refiled with Coinbase named as surveillance partner
With Valkyrie's resubmission, all of the recent applications sent back by the SEC have been amended and refiled.
ETF
Nasdaq refiles BlackRock’s spot-Bitcoin ETF application, names Coinbase as surveillance-sharing partner
The move mirrors the other applications filed by Cboe Global Markets on behalf of global asset manager Fidelity and ARK Investments, which also chose to list Coinbase as their SSA partner.
Regulation
Mastercard chief digital officer believes tokenization needs TradFi rules to go mainstream
Jorn Lambert says blockchain technology presents significant benefits and can easily improve cross-border payments, trade, finance, insurance, and capital markets, but insisted that legacy systems will still have a role to play.
DeFi
Crypto OG Erik Voorhees believes DeFi has already solved the regulatory clarity problem for altcoins
The crypto industry is concerned that all cryptocurrencies besides the four listed on the newly launched EDX exchange — BTC, ETH LTC, and BCH — could potentially be barred from trading in the U.S.
Partnerships
Ripple bulls lose all momentum amid reports of Citigroup reconsidering Metaco deal
The token has somewhat recovered since the June 30 crash to $0.47, as of press time, but is struggling to push further as bears are now firmly in control.
Regulation
South Korea passes new crypto legislation focusing on investor protections
The legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities.
Regulation
Recent spot Bitcoin ETF applications fall short of SEC’s expectations on a technicality, but are not out of the running yet
The SEC's "rejection" of several spot Bitcoin ETFs, first reported by the Wall Street Journal on June 30, has more to do with clarity of language than rejecting the applications on principle.
Regulation
Blockchain Association calls for Gensler’s recusal from crypto enforcement decisions
Blockchain Association senior counsel Marisa Coppel contends that SEC Chair Gary Gensler has already compromised his impartiality on crypto enforcement.
Trading
Fidelity reapplies for spot Bitcoin ETF despite 2022 rejection
Fidelity first filed its application in 2021, but it was rejected by the SEC in January 2022 — along with other spot Bitcoin ETFs.
Macro
Central bankers warn of further rate hikes at ECB Forum
The central bankers were vocal about the need for further rate hikes to bring inflation down to the 2% target, despite the risk of economic downturn.