Weekly Crypto Recap (Jul 15th - Jul 22th)

Here’s your weekly update from Metaverse.SG, spotlighting the hottest crypto happenings of the week:

• Mt.Gox refunds $BTC
• Ethereum ETFs nearing launch.
• Elections and crypto
• 30 RWA projects with great potential
• How to deal with FOMO? 
• Ora Protocol Airdrop Guide 

Jump into the latest crypto buzz!

Market Overview

BTC-ETF Bitcoin Flow:

• Monday: +$301M
• Tuesday: +$422M
• Wednesday: +$53M 
• Thursday: +$37M

Ethereum ETF nearing launch

Final adjustments have been made to $ETH ETFs, with nine out of ten issuers of spot Ethereum ETFs submitting their final amendments to the S-1 form. One notable detail is that Grayscale has set a 2.5% fee, which is ten times higher than that of other issuers. According to a Bloomberg analyst, ProShares is the only company that has yet to make their adjustments. Trading is scheduled to begin next Tuesday, July 23.

The investment company Galaxy Digital has bought $ETH worth approximately $1 billion to increase their staking portfolio. 

Additionally, the $ETH ETFs from 21Shares, Fidelity, VanEck, Franklin, and Invesco are officially listed on the CBOE exchange. Looks like it's completely official now 💸

Mt.Gox refunds $BTC

Mt. Gox clients are set to receive their Bitcoin (BTC) and Bitcoin Cash (BCH) on the Kraken exchange within the next 7-14 days. This long-awaited development follows years of anticipation and legal proceedings after the infamous hack in 2014, which saw the loss of approximately 850,000 BTC.

Additionally, $BTC transfers from Mt. Gox wallets to the Bitstamp exchange have begun, as reported by Arkhan. A test transaction has already been completed, indicating that the process is underway. Market volatility may ensue as these substantial BTC transfers are executed, potentially impacting Bitcoin prices in the short term. Keep an eye on the market. 

Elections and crypto

Ohio Senator J.D. Vance, a pro-crypto advocate, has been chosen as Donald Trump's vice-presidential pick. Vance, with a background in tech and venture capital, has connections to Marc Andreessen, founder of Andreessen Horowitz (a16z), and Peter Thiel, CEO of PayPal. These ties underscore his deep involvement in the tech and crypto sectors.

According to Politico, Vance recently drafted a bill aimed at changing the regulation of digital assets in the U.S. His elevation to this high-profile political role signals another crypto-friendly figure in power, which sounds quite positive for the crypto market. As the regulatory landscape evolves, Vance's influence could play a crucial role in shaping a favorable environment for digital assets. 

In a surprising turn of events, President Biden has decided to stay out of the election race, leaving the field open for new contenders. This development could significantly impact the political landscape, potentially giving Trump's campaign, bolstered by Vance's tech-savvy and pro-crypto stance, an edge in the upcoming elections.

30 RWA projects with great potential in the upcoming bull run! 

How to deal with FOMO? 

Ora Protocol Airdrop Guide

Conclusion:

• Stay tuned
• Stay updated instantly on our X 👉 https://x.com/MetaverseSG.