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NYSE Arca Clears ProShares 2x Leveraged XRP ETF
Markets

NYSE Arca Clears ProShares 2x Leveraged XRP ETF

NYSE Arca approved two new leveraged cryptocurrency funds from ProShares, authorizing the ProShares Ultra XRP ETF under the ticker UXRP and the ProShares Ultra SOL ETF
Standard Chartered Opens Bitcoin and Ether Spot Trading for Institutions
TradFi & Fintech

Standard Chartered Opens Bitcoin and Ether Spot Trading for Institutions

Standard Chartered has begun offering deliverable spot trading in Bitcoin and Ether to institutional clients through its UK subsidiary, becoming the first global systemically important bank to provide regulated, on-balance-sheet access to the two largest cryptocurrencies
Fed, FDIC and OCC Clarify Banks May Hold Crypto Under Strict Rules
Regulation & Politics

Fed, FDIC and OCC Clarify Banks May Hold Crypto Under Strict Rules

The Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued joint guidance on 14 July reaffirming that U.S. banks may offer custody services for Bitcoin and other crypto assets.
Aave Surpasses $50 Billion Net Deposits and $51 Billion TVL, Holding 17.9% DeFi Market Share and Top 50 US Bank Ranking
DeFi

Aave Surpasses $50 Billion Net Deposits and $51 Billion TVL, Holding 17.9% DeFi Market Share and Top 50 US Bank Ranking

Aave, a decentralized lending protocol, has surpassed $50 billion in net deposits, marking a milestone in the decentralized finance (DeFi) sector
Grayscale Files Confidential IPO Plan With SEC
Regulation & Politics

Grayscale Files Confidential IPO Plan With SEC

Grayscale Investments has confidentially submitted a draft registration statement on Form S-1 to the U.S. SEC for a planned initial public offering, the crypto asset manager said on 14 July.
Nasdaq’s Sonnet to Merge With Rorschach, Form $888 Million Crypto Treasury Firm
TradFi & Fintech

Nasdaq’s Sonnet to Merge With Rorschach, Form $888 Million Crypto Treasury Firm

Sonnet BioTherapeutics, a Nasdaq-listed clinical-stage biotechnology company, said it will merge with Rorschach I LLC in an all-stock deal that values the combined business at about $888 million
Ethereum Tops $3,000 on ETF Buying After 15% Three-Day Rally
Markets

Ethereum Tops $3,000 on ETF Buying After 15% Three-Day Rally

Ethereum’s ether token climbed above $3,000 in early trading on 11 July, the first time it has crossed the level since February