1.SEC: Spot ETH ETF issuers can start trading on July 23
Sources revealed that the U.S. Securities and Exchange Commission (SEC) has informed issuers of spot Ethereum ETFs that they can start trading on July 23. The SEC did not comment further on the submitted S-1 form and required a final version to be submitted by Wednesday. Bloomberg analyst Eric Balchunas said that the SEC has responded to the issuer and needs to submit the final S-1 form by Wednesday, and the application will take effect after the close of next Monday. Reuters reported that at least three asset management companies have received preliminary approval, and eight companies are expected to launch such funds at the same time.
2.SEC: Spot ETH ETF issuers can start trading on July 23
Mt. Gox transferred 526.952 BTC, 42.587k BTC and 48.641k BTC to three unmarked addresses in batches today, worth approximately $33.63 million, $2.7 billion and $3.07 billion respectively. Many community users reported receiving emails from Kraken, which stated that it had successfully received creditor funds from the Mt Gox trustee, and that it was expected that the funds would take 7-14 days to be deposited into user accounts. Mt Gox trustee Nobuaki Kobayashi stated that BTC and BCH had been repaid to more than 13,000 creditors, and that other creditors would be repaid as soon as possible.
3. BlackRock CEO: Bitcoin is a legitimate financial instrument
BlackRock CEO Larry Fink said in an interview with CNBC: "My view five years ago was wrong. I believe Bitcoin is a legitimate financial instrument." He also said that Bitcoin is a legitimate financial asset that everyone should hold. Dell Group CEO MichaelDel retweeted a video of BlackRock CEO Larry Fink's interview with CNBC, saying that Bitcoin is fascinating (Fascinating Bitcoin).
4. Powell: The Fed will not wait until inflation drops to 2% before starting to cut interest rates
He pointed out that if we wait until inflation fully drops to 2%, it may be too long. At present, the Fed needs more evidence of falling inflation to ensure the correctness of policy adjustments. Wall Street Journal reporter Nick Timiraos wrote that Fed Chairman Powell recently said that the recent slowdown in inflation and economic activity is generally in line with the Fed's expectations, but he still refused to say whether this is a reason for the Fed to cut interest rates at its policy meeting later this month. The inflation report released last week showed a general improvement in the economy, which prompted some private analysts to doubt whether the Fed needs to wait until September to cut interest rates.
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5. Vitalik: There is an imbalance in infrastructure investment, and some types of infrastructure are overinvested
Vitalik posted on Warpcast: “My view on ‘overinvestment in infrastructure’ is that some types of infrastructure are indeed overinvested, while other types are underinvested. The reality is that people want to invest in the ‘casino’ but still want to feel good, so they invest in the part of infrastructure that can benefit from the spillover profits of the ‘casino’.”
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