Bear Market End? | Crypto Daily Digest July. 14

Arthur thinks:

• Worst of macro tightening is over, CPI falling and real interest rate is positive now. More likely we see rates cut next year than not.
• Continued institutional acceptance of crypto as an asset class starting from Blackrock applied for Bitcoin ETF.
• SEC chances of labelling all tokens as security substantially weaker now if they can't even win against the one most likely to be deemed security token.
• Most tourists washed out, whoever still holding now likely won't sell in near term except from some coins with blatant unlock schedule.
• Market extremely underallocated on non BTC & ETH. Lots of catch-up to do.
• HK welcoming crypto is real and this would open the flood gate for Asia financial institutions to enter crypto in a legitimate manner.

Today's Market

Headlines

Multichain CEO Taken Away by Police, Bridge Ceases Operations due to Lack of Funds

Europe First Spot Bitcoin ETF set to Launch this month

TokenInsight: Top10 Exchanges' Spot Trading Volume in Q2 2023 Down 45% Than Q1

Other News in Case You Missed it:

Coinbase, Kraken Among Exchanges Relist $XRP After Court Ruling vs. SEC

ConsenSys Lawyer: Ripple Ruling Seriously Undermines SEC Enforcement Strategy, Expected to Appeal Immediately

Ondo Finance Expands Tokenized U.S. Treasuries and Yield-generating Stablecoin to Polygon

Coinbase's Layer2 Network Base Opens Mainnet for Developers

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