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Let’s talk about the Elephant in the Room🐘
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Founder of BitClout charged with fraud and unregistered offering of crypto asset securities by the SEC — link

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SEC intends to amend Binance complaint, removing need for ruling on whether tokens are securities 'at this time' — link | tl;dr

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new ฿ daily high: $70,016

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Digital asset investment products saw a relatively muted $245m of inflows last week, although this obscures a mixed picture for various digital assets.

Bitcoin saw further healthy inflows of $519m, bringing its month-to-date inflows to $3.6bn — link

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Trump: “I will stop U.S. government selling seized Bitcoin. The U.S. government will keep 100% of the Bitcoin it owns, this will serve as the base for a strategic Bitcoin reserve”

🖤Trump again promises to commute Silk Road founder Ross Ulbricht's sentence

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Trump: “On day one, I will fire Gary Gensler” — link

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WazirX to ‘socialize’ $230 million security breach loss among customers — link | tl;dr

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U.S. presidential candidate Robert F. Kennedy Jr. promises to issue Bitcoin-related executive orders if elected — link | tl;dr

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SEC charges Andrew Left and Citron Capital for $20 million fraud scheme — link

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After two days of trading since the product launch, we have seen inflows of $801 million.

However, there were significant outflows from the original Grayscale closed-end fund, totalling $820 million.

These outflows, where the discount to NAV has locked clients in for many years, result in net outflows of $19 million — link

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Michael Novogratz’s Galaxy raises $113 million for a new crypto venture fund — link | archive

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Sygnum's first-half spot crypto trading doubles, derivatives increase 500% — link | tl;dr

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Weekly USDC transfers on Base have grown to ~$20B — link

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Bitstamp will start distributing Bitcoin and Bitcoin Cash to Mt Gox creditors on July 25

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Trump raises $25M at Bitcoin Conference fundraiser — link

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Circle said to be trading around $5B valuation ahead of planned IPO: sources — link | tl;dr

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US Gov moves ~30k BTC ($2B) worth of Bitcoin

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The new Ethereum ETFs after the first week saw $1.18bn of inflows, although the massive outflows from incumbent Grayscale have meant a net outflow of $338m — link

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Senator Cynthia Lummis proposes U.S. buy 1 million Bitcoin over 5 years — link

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Trump: “There will never be a CBDC while I am president”

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Kamala Harris’s advisers have approached top crypto companies to “reset” relations — link

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Cantor Fitzgerald launching $2B Bitcoin financing business — press release

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Last week, BlackRock's iShares Bitcoin Trust (IBIT) achieved a new all-time high of 67% market share in spot Bitcoin ETF trading volume, surpassing its previous record of 61% — link

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US spot Ethereum ETFs see $152 million in net outflows on third day — link | tl;dr

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Bitstamp has started distributing Mt Gox claims — link

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On July 24th, second trading day, US spot Ethereum ETFs saw net outflows of $133 million — link

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Hashdex files S1 for an ETF that holds Bitcoin and Ethereum, leaves door open for other assets — link | tl;dr

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Wyoming Sen. Lummis plans to announce legislation for Strategic Bitcoin Reserve at Nashville conference — link | tl;dr

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