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Spot Ether ETFs get NYSE Arca clearance, await SEC’s final authorization

The funds still await the SEC's approval of S-1 forms. Their launch in the United States is expected to take place on July 23.

The NYSE Arca has confirmed its approval to list and trade spot Ethereum exchange-traded funds (ETFs) from asset managers Grayscale and Bitwise.

According to documents filed with the United States Securities and Exchange Commission (SEC) on July 22, the exchange has certified “its approval for listing and registration of the common units” of Grayscale Ethereum Trust and Bitwise Ethereum ETF.

The funds are still pending the security regulator’s authorization to debut, and analysts anticipate a launch date of July 23.

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AAVE founder issues health warning to crypto founders after undergoing surgery

The SEC’s war against Ethereum and Consensys isn’t over

Gary Gensler will be forced out as SEC chairman if Trump is elected — but he could remain as a commissioner to continue his anti-crypto crusade.

There is a broad misunderstanding in the crypto community about the status of the Securities and Exchange Commission's (SEC) campaign to undermine blockchain innovation in the United States. When Consensys announced in June that the SEC had decided to conclude its "Ethereum 2.0" investigation, it was taken as another signal that a hostile administration was changing its tune.

That, I’m afraid, is simply not true. The SEC is as antagonistic as it has ever been, and that is unlikely to abate until new leadership takes the agency in a new, more productive policy direction.

It’s understandable that people are a bit confused. Both policy wonks and the public at large perceived that the SEC might be rethinking its stance when it did an 11th hour about-face in late May on approval of a spot Ethereum (ETH) exchange-traded product. When that decision was made, the days were numbered for the SEC’s year-long harassment of the Ethereum protocol development community.

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AAVE founder issues health warning to crypto founders after undergoing surgery

Crypto community marks 10-year Ethereum ICO anniversary with global events

The Ethereum initial coin offering launched on July 22, 2014, marking the beginning of the blockchain’s journey.

The global blockchain industry is celebrating the 10-year anniversary of the Ethereum network’s initial coin offering (ICO).

Ethereum started gaining traction in 2014 when co-founder Vitalik Buterin mentioned the project at a Bitcoin conference in Miami.

On July 22, Ethereum launched its ICO, selling over $18 million worth of Ether (ETH) paid for in Bitcoin (BTC).

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AAVE founder issues health warning to crypto founders after undergoing surgery

Biden out, bull run in? Here’s what analysts think

Biden’s sudden move to abandon the 2024 presidential race could be a “huge boost” for crypto assets, but it may be too soon to get excited about a massive crypto rally.

United States President Joe Biden shocked the markets when he ended his reelection bid on Sunday, July 22.

Some analysts suggested that the president’s withdrawal from the election race could benefit Bitcoin (BTC) and other crypto assets in the coming months, while others cautioned that investors should temper their excitement for now.

The price of Bitcoin immediately dipped as much as 2.8% following the announcement, touching the $65,800 mark, but it quickly regained over 3.6% by the time of publication, according to TradingView data.

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AAVE founder issues health warning to crypto founders after undergoing surgery

Biden family memecoins tank 60% after Biden exits presidential race

Memecoins linked to Joe, Jill, and Hunter Biden tanked more than 60% while a memecoin tied to US Vice President Kamala Harris rallied 133% before cooling off.

Memecoins linked to United States President Joe Biden, his wife Jill, and son Hunter have fallen more than 60% since Biden officially dropped out from the 2024 presidential race.

The Joe Biden-linked Jeo Boden (BODEN) token tanked 62% in less than two hours while Kamala Horris (KAMA) token soared amid speculation that US Vice President Kamala Harris will replace Biden as the Democrat candidate.

Nearly 10 billion has been wiped from BODEN’s market cap, which stood at 16.2 billion before the news broke, CoinGecko data shows.

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AAVE founder issues health warning to crypto founders after undergoing surgery

Australian stablecoin startup Stables expands to Europe

Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream.

Australian stablecoin payments startup Stables has announced its expansion to Europe in partnership with Mastercard, which co-founder Bernado Billota says indicates a wider trend of the dollar-pegged assets breaking into the mainstream. 

Speaking to Cointelegraph, Bilotta said the expansion marked an important step for his firm, noting an increase in the size of the total addressable market of new customers in Europe, which he said was roughly twenty times the size of Australia.

The new partnership will allow Stables users to make purchases with Circle’s USD Coin (USDC) in 27 countries throughout Europe wherever MasterCard is accepted and through digital vendors like Apple and Google Pay. 

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AAVE founder issues health warning to crypto founders after undergoing surgery

Trump’s RNC speech gave tech enthusiasts hope for the future

Residents of Silicon Valley have been boarding the Trump train, and Trump's speech at the RNC illustrated some of the reasons.

Former President Donald Trump’s speech before the Republican National Convention (RNC) gave a subtle hint of his potential openness to embracing the tech industry. It was brief — just a few words in the middle of his 90-minute speech. If you blinked, you missed it. But they were important. “America,” Trump said, “is on the cusp of a new golden age, but we will have the courage to seize it.”

Those in the “e/acc” community, a tech-focused movement embraced by Marc Andreessen and Gary Tan, took notice. One of the movement’s founders, an anonymous social-media user called "@BasedBeffJezos," shared a clip of Trump’s remarks and asked his followers, “Can you feel the acceleration anon?”

One thing is for sure. The GOP is down with Bitcoin (BTC). Earlier this summer, after meeting with industry representatives, Trump said he wants all future Bitcoin to be mined in the U.S. The official Republican platform states that the party “will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”

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AAVE founder issues health warning to crypto founders after undergoing surgery

Joe Biden drops out of United States presidential race

United States President Joe Biden has announced he will bow out of the 2024 presidential election.

United States President Joe Biden has officially withdrawn from the 2024 Presidential election, just four months before election day.

In a July 21 statement, Biden didn’t cite his reasons for stepping down, instead merely claiming that it was in the "best interest of my party and my country." His absence leaves the Democrats to face the 2024 election day, set for Nov. 5, without his candidacy.

The ongoing speculation about Biden potentially stepping down has led some to predict his vice president, Kamala Harris, as a likely replacement. However, no replacement has been officially confirmed yet.

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AAVE founder issues health warning to crypto founders after undergoing surgery

Metaverse book gets boring rename in latest sign of waning enthusiasm

The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.

Matthew Ball, former global head of strategy at Amazon Studios and author of the 2022 book “The Metaverse: And How It Will Revolutionize Everything,” is re-releasing the book under a new, more underwhelming title: “Building the Spatial Internet.”

To be clear, the book will still be called “The Metaverse,” but the spatial internet bit will replace the former language indicating that the metaverse would revolutionize everything.

Evidently, after two years, the revolution has either come and gone or remains impending. Either way, on July 23, the book's newest edition launches.

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AAVE founder issues health warning to crypto founders after undergoing surgery

Bitcoin price advance toward $68K sets a bullish path for SOL, ICP, GRT and BONK

Solid inflows into spot Bitcoin ETFs reflect investors' bullish sentiment, and this could push SOL, ICP, GRT and BONK.

Bitcoin (BTC) has been gradually inching higher toward the $70,000 mark, indicating that the sentiment remains positive. United States-based spot Bitcoin exchange-traded funds witnessed inflows of $383 million on July 19, per Farside Investors data. That pushed the cumulative net inflows into the ETFs to more than $17 billion since their launch.

As Bitcoin’s price maintains above $65,000, Bitcoin whales seem to have reduced their selling. CryptoQuant head of research Julio Moreno said in a post on X that selling by large Bitcoin investors has exhausted and “valuation metrics suggest positive momentum.”

Bitcoin’s strength has resulted in a recovery in several altcoins. The cryptocurrency markets may receive a further boost from the launch of Ethereum ETFs, which are expected to start trading on July 23.

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AAVE founder issues health warning to crypto founders after undergoing surgery