The following are five noteworthy news in the currency circle in the past 24 hours:

1. The U.S. Government Sends 3,940 Bitcoins to Coinbase Exchange

The U.S. government seized the bitcoins from a convicted drug trafficker and transferred them to the Coinbase exchange, sparking market concern.

2. Upcoming Spot Ethereum ETF

Matt Hougan, chief investment officer of Bitwise, said that the launch of the spot Ethereum ETF may attract $15 billion in capital inflows by the end of 2025, which is a major positive for the market.

3. Announcement of the implementation details of South Korea’s Virtual Assets Law

South Korea’s “Law for the Protection of Virtual Asset Users” will take effect on July 19, detailing how to implement the law, which will have a profound impact on the local virtual asset market.

4. Investcorp, one of the world’s largest virtual asset funds, announces a new asset tokenization fund

Investcorp has announced the launch of a new fund focused on tokenizing physical assets, which will be managed by Investcorp’s Strategic Capital Group.

5. Two U.S. men sentenced for masterminding multi-million dollar crypto fraud scheme

Two U.S. men have been sentenced for manipulating securities prices and orchestrating a cryptocurrency investment fraud scheme. The two men obtained approximately $2 million through false trading and market manipulation.