Newbie_hamst

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If #bitcoin reaches $69,785, shorts worth $83.7 billion will be liquidated

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The US Securities and Exchange Commission (SEC) has approved spot Ethereum ETF trading
21Shares, Bitwise, BlackRock, Fidelity, VanEck, and Invesco Galaxy have obtained permission.
ETF trading will start on July 23 (Tuesday).

Bloomberg: Ripple CEO Brad Garlinghouse expects the company to soon settle the legal process with SEC
Some speculate that Ripple will announce a settlement after a closed meeting with the SEC next week on July 25th.
But there is no official confirmation of this.

The Chicago exchange of options (CBOE) has confirmed that spot Ethereum ETFs will begin trading on July 23rd
Funds from VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton will be launched.

Reuters: spot Ethereum ETF trading is expected to start on July 23
According to Reuters, the Securities and Exchange Commission (SEC) has informed issuers that spot Ethereum ETFs will be registered on Monday and will begin trading on Tuesday, July 23rd.
At least three out of eight issuers have already received preliminary approval. The rest must submit final documents by the end of this week.
It is expected that all eight ETFs will be launched simultaneously.

South Korea has proposed to postpone the taxation of cryptocurrency income until 2028
It was expected that the 20% tax would come into effect on January 1, 2022.
However, it was rescheduled twice to January 1, 2025.

CFTC Chairman reiterated that the majority of cryptocurrencies are commodities.
According to Fox journalist Eleanor Terrett, CFTC Chairman Rostin Benam stated that the Illinois court confirmed that BTC and ETH are classified as digital commodities.
Benam once again added that 70-80% of assets in the cryptocurrency market are not securities.

Messari CEO Ryan Selkis declares war on SEC
Selkis published a letter stating that SEC is a corrupt, inefficient, and outdated structure that exists only for the benefit of its employees, not for the protection of citizens.
The letter states that Messari will no longer cooperate with SEC until the agency is reformed and its leadership is changed.
In the coming weeks and months, Messari plans to fully implement its strategy of challenging the legitimacy of the SEC through courts, Congress, and the media.

Singapore's largest bank DBS has started collaborating with the stablecoin issuer Paxos
As part of the partnership, the bank will hold the company's reserves.
Paxos has also obtained the necessary license in the city.

Cryptobank Silvergate to pay SEC a $50 million fine
The Securities and Exchange Commission (SEC) has sued the crypto bank Silvergate, accusing it of making false statements about its anti-money laundering procedures.
In particular, the bank did not have adequate measures to control the SEN banking network, which allowed customers to transfer funds.
The bank was unable to adequately track suspicious activity in banking transactions.
He also failed to detect suspicious transfers of $9 billion from FTX and its affiliated organizations.
Silvergate has agreed to settle with the SEC by paying a fine

Circle has obtained a license compatible with MiCA
Circle became the first issuer of stablecoins to obtain a license compatible with European MiCA rules.
USDC and EURC are now officially authorized in the EU.

Securities and Exchange Commission (SEC) returned S-1 forms to issuers during the latest round of negotiations.
According to The Block, the forms were returned with a small number of comments. Issuers were asked to resubmit the documents by July 8th.
Bloomberg analyst Eric Balchunas has changed his forecast and stated that the approval process will begin after July 8.

The US Supreme Court overturned the provision that if a law is unclear or ambiguous, the courts must defer to a reasonable interpretation of that law by federal agencies.
Now the courts themselves must determine whether the agency has acted within its authority. The courts should no longer rely on the interpretation of the law by these agencies.
According to journalist Eleanor Terrett, this is good news for the cryptocurrency industry, as the Securities and Exchange Commission (SEC) will no longer be able to interpret laws regarding digital assets in its own way.