Here are the five major news worth noting in the cryptocurrency circle in the past 24 hours
Hashdex submits ETF application: Diversified crypto investment options
Hashdex recently submitted an S1 form to the U.S. Securities and Exchange Commission (SEC) to apply for the launch of an ETF that includes Bitcoin and Ethereum. The ETF may also include other assets to provide more diversified crypto investment options, aiming to open up new investment opportunities for investors while promoting the further development of the crypto market.
Russian Parliament Passes Cryptocurrency Bill: Legalization of Mining
The Russian Parliament has passed a new bill that allows the use of cryptocurrencies in international trade and officially legalizes cryptocurrency mining. This move will greatly promote the development of international trade and the cryptocurrency industry, bring new vitality and challenges to the market, and also pave the way for Russia to occupy a more important position in the global crypto economy.
The Rise of DeFi: Revolutionizing Traditional Finance
Decentralized finance (DeFi) is rapidly emerging as a new form of traditional finance. The emergence of DeFi has improved the transparency and accessibility of financial services. Although it faces regulatory and technical challenges, its potential and innovation capabilities cannot be ignored. The rapid development of DeFi is bringing revolutionary changes to financial technology.
Bitstamp to distribute Mt. Gox bitcoin compensation
Bitstamp announced that it will begin distributing bitcoin from the Mt. Gox bankruptcy case by July 25 to compensate users who suffered losses. The distribution marks an important milestone in the long-pending case, providing partial compensation to affected users and enhancing market confidence in the trading platform.
US Senator Plans to Introduce Bitcoin Reserve Legislation
A US senator plans to introduce strategic Bitcoin reserve legislation at the 2024 Bitcoin Conference in order to enhance the country's financial security and promote the widespread use of cryptocurrencies. The move could have far-reaching implications for the crypto market and further promote the status of Bitcoin and other cryptocurrencies in the financial system.
