If SEC approves spot Ether ETFs, many ‘will be caught severely offside’
Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”
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Korean internet giant Kakao expands blockchain presence to Singapore
Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore. Singapore is reportedly the next port of call for Kakao’s globalization agenda for its legacy blockchain platform Klatyn.According to a report by The Korea Herald on Monday, Kakao has established two new blockchain-based entities — the Klatyn…

Sumitomo and BitFlyer Blockchain to Build Real Estate Platform in Japan
Japanese commercial giant Sumitomo Corporation has partnered with a sister company of local cryptocurrency exchange bitFlyer to launch a blockchain real estate business.As Cointelegraph Japan reported on July 23, bitFlyer Blockchain will develop an umbrella platform for renting real estate, driven by smart contracts on its in-house Miyabi blockchain. Speaking to local tech news outlet CNET…

Historically accurate Bitcoin metric suggests BTC price has bottomed out
As the price of Bitcoin (BTC) is attempting to establish support at $37,000 on Tuesday, the recent $30,000 lows may have been the bottom, suggests one derivatives market indicator that has a history of accurately predicting BTC/USD cyclical lows following its bear cycles. The last time it predicted a bottom was on Nov. 1, following…

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t
Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms. Cuba has felt a severe…

Weekly digital asset inflows reach $901M, totaling $27B in 2024
According to CoinShares, anticipation for the United States elections and Republican gains are fueling bullish market sentiment.

Japanese film studio announces the production of a series based on crypto
Animator Haruna Gohzu, who worked in popular anime like Pokémon and the Demon Slayer movie, will lead the animation in the films. 503 Total views 19 Total shares Noma, a Japanese film studio, has announced that it is producing three feature films that are based on the world of cryptocurrencies. The first film, titled The…

Nifty News: PROOF cancels NFT conference, Bitcoin meme creator cashes in $150K and more
‘Less interest than anticipated’ — PROOF cancels NFT eventKevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds has confirmed that their flagship conference “Proof of Conference” scheduled for May has been canceled, citing “less interest than anticipated.”We made a tough decision today, I want to apologize to everyone that planned on making the…

Cash or crypto? FTX creditors to vote on how they're paid back
FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.