Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| July 22, 2024 | 7 U.S. States Challenge SEC’s Crypto Regulations in Iowa-Led Amicus Brief. A coalition of seven U.S. states has come together to challenge the Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. Read more |
| July 23, 2024 | Spot Ethereum ETFs begin trading. The SEC allowed S1 registration statements to become effective on Monday, which marked the final sign-off for those funds to begin trading. Read more |
| July 27, 2024 | Cantor Fitzgerald announces $2B Bitcoin financing business. Billionaire Howard Lutnick, the chairman and CEO of financial services firm Cantor Fitzgerald, announced the launch of a Bitcoin lending program at the Bitcoin 2024 conference. Read more |
| July 29, 2024 | Bitcoin inches toward $70,000 following Trump’s heightened crypto endorsement. Former U.S. President Donald Trump further voiced his support for crypto in a Saturday speech at the Bitcoin 2024 conference in Nashville. Read more |
| July 29, 2024 | DEX market share surges to record high, outpacing centralized exchanges. The monthly trade volume of DEXs relative to CEXs is already the highest it has ever been at 14.22%. Read more |
What’s coming up for us this week:
| July 31, 2024 | Fed Interest Rate Decision. Federal Open Market Committee (FOMC) members will announce the interest rate on July 31, 2024, at 06:00 P.M. UTC. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
