Overview of Key Overnight Developments on July 2
21:00-7:00 Keywords: Hashrate, Paxos, Circle
1. Bitcoin hashrate drops to December 2022 levels;
2. Paxos receives approval from the Monetary Authority of Singapore to issue stablecoins;
3. Analysis: Coinbase premium index indicates Bitcoin price may have bottomed out;
4. Bloomberg ETF analyst: GBTC and EETH had returns of 62% and 44% respectively in the first half of the year;
5. US Democrats consider nominating Biden early to quell intra-party discussions about replacing the presidential candidate;
6. Circle co-founder: USDC and EURC are now compliant with the EU's new stablecoin regulations MiCA;
7. US DOJ pays Coinbase $32.5 million for cryptocurrency custody and trading services;
8. US SEC confirms receipt of Hashdex Nasdaq Crypto Index US ETF's 19b-4 application;
9. Silvergate to pay $63 million to settle with the US SEC, Federal Reserve, and California regulators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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