Market
ETF
Bitcoin ETP inflows up 192% in June, making up 98% of all crypto fund inflows last week
The market continues to favor Bitcoin investment products as it anticipates the approval of spot Bitcoin ETFs in the U.S.
Regulation
Asia crypto hubs introduce new bans to lending, staking for retail investors
Singapore and Thailand are limiting the offering lending or staking services to retail users.
Adoption
Only 4% of institutional investors to decrease crypto allocations before 2025 – Binance survey
88% of institutional investors, 90% of whom use centralized exchanges, are positive about the crypto market's outlook over the next decade.
Regulation
New Zealand central bank calls for ‘increased vigilance’ for crypto not regulation
The Reserve Bank of New Zealand wants to wait for best practices of regulating crypto to emerge as other countries reign in the space.
Crime
Bitcoin accounted for 19% of illicit crypto volume in 2022, down from 97%
The multi-chain ecosystem has prodded criminals to look beyond Bitcoin to launder their illicit crypto.
Investments
MicroStrategy BTC holdings balloon to $4.6B as firm invests another $372M
With an average purchase prices of $29,668 per Bitcoin, MicroStrategy's BTC holdings are at a slight profit.
Bankruptcy
FTX invites investors to register interest to restart rebranded exchange – report
FTX is holding early discussions with investors and considering different structures for relaunch, including a joint venture.
Regulation
UK Law Commission proposes classifying crypto as a new type of property
Other Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements.
Exchanges
‘Minor technical glitch’ at Bitbns stirs panic after customer accounts temporarily show zero balance
Bitbns said that the issue was caused by a technical error during an upgrade and has been resolved.
DeFi
Staked ETH surpasses exchange balances with 19% of supply locked
Since the Shanghai upgrade — which enabled withdrawal of staked ETH in April — centralized exchanges' ETH balances have been on the decline.
Regulation
Asia is a ‘huge area of focus’ for Circle, especially Hong Kong: CEO Jeremy Allaire
Allaire said that the developments in Hong Kong might reflect how the crypto market grows in Greater China.
Tokenization
Crypto ETPs saw $199M inflow last week, the largest since July 2022
Bitcoin ETPs claimed $188 million or 94% of the total inflows, indicating the market has a bigger appetite for BTC than Ethereum.