1. SEC Releases Updated Guidelines for Crypto ETFs
The U.S. Securities and Exchange Commission (SEC) issued comprehensive disclosure requirements for crypto ETF issuers on July 1, emphasizing asset selection, custody solutions, and conflict-of-interest mitigation. Notably, the SEC approved Grayscale’s conversion of its Digital Large Cap Fund into a spot ETF. Analysts suggest the SEC is collaborating with exchanges to streamline token-based ETF approvals via standardized listing criteria, potentially bypassing lengthy 19b-4 filings.
Keywords: SEC, crypto ETF, Grayscale, token-based standards
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2. Singapore Tightens Crypto Regulations Amid Money Laundering Concerns
The Monetary Authority of Singapore (MAS) escalated oversight for digital token service providers, requiring licenses for offshore-focused platforms. MAS cited heightened AML risks and limited jurisdictional reach as key reasons, effectively barring most operators without local ties.
3. U.S. Senate Rejects "Ending Crypto Corruption" Amendment
Senator Jeff Merkley’s proposed amendment to restrict elected officials from promoting cryptocurrencies for personal gain failed with a 46-54 vote. Critics argued it targeted legitimate crypto advocacy.
4. Grayscale’s Bitcoin-Heavy Fund Cleared for ETF Conversion
The SEC fast-tracked approval for NYSE Arca to list shares of Grayscale’s Digital Large Cap Fund, which holds 80% Bitcoin and 11% Ethereum, alongside Solana, Cardano, and XRP.
5. Deutsche Bank to Launch Crypto Custody in 2026
Bloomberg reports Deutsche Bank partnered with Bitpanda Technology Solutions and Taurus SA to develop a digital asset custody service, expanding its 2022 blockchain initiative.
Keywords: Deutsche Bank, crypto custody, Bitpanda, Taurus
6. Corporations Outpace ETFs in Bitcoin Accumulation
H1 2025 saw public companies acquire 245,510 BTC—double ETFs’ purchases—reflecting a shift toward Bitcoin as operational reserves. Firms cited inflation hedging and liquidity management as motivations.
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7. SEC Explores Universal Token ETF Listing Standards
Sources indicate the SEC is drafting criteria to simplify token-based ETF approvals, potentially evaluating market cap, liquidity, and trading volume. The initiative aims to reduce regulatory bottlenecks.
8. Korea Lifts "Kimchi Bond" Ban After Stablecoin Surge
Following stablecoin-driven capital outflows, Korea revoked a 14-year ban on domestic "kimchi bonds" (foreign-currency bonds) to stabilize the won and boost forex liquidity.
9. Bitcoin Hash Rate Dips Amid Heatwave-Driven Mining Adjustments
JPMorgan noted a 3% drop in June’s average Bitcoin hash rate due to extreme weather, though mining profitability hit a 5-month high at $55,300 daily revenue per EH/s.
10. Bitcoin’s July Rally Potential: $116K Target?
Historical data shows Bitcoin averages 9.1% gains in July, with analysts eyeing a $116,000 resistance test. Matrixport highlights bullish sentiment and low volatility during previous July uptrends.
11. Ethereum Community Foundation Launches to Boost ETH Value
ECF will fund "immutable, tokenless" projects, including RWA tokenization and public goods like blob space optimization. Its validator association aims to enhance stakers’ governance roles.
12. Figma Discloses $69.5M Bitcoin ETF Holdings in IPO Filing
The design software giant plans to purchase an additional $30M in BTC via USDC, signaling institutional confidence in cryptocurrency.
FAQ Section
Q: Why did Singapore tighten crypto regulations?
A: To combat money laundering risks and assert control over offshore-focused platforms lacking local oversight.
Q: What’s the significance of Grayscale’s ETF conversion?
A: It legitimizes Bitcoin-heavy funds under SEC oversight, broadening institutional access.
Q: How might universal ETF standards impact crypto markets?
A: Faster approvals could spur innovation and liquidity for compliant token projects.