Bitcoin Spot ETFs Approval Partially Priced In, Coinbase Says

Spot-based ETFs are widely expected to unlock floodgates for mainstream money. Flows, however, are likely to materialise overtime, according to Coinbase.Source

Bitcoin Is Currently Neither ‘Bullish’ or ‘Bearish,’ Traders Say

Major tokens seemed to stabilize on Friday morning following a week-long price drop.Source

Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data

ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.Source

Coinbase Sounds Alarm on IRS Crypto Tax Proposal

As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.Source

Ethereum Has Nearly Cleared Out Validator Queue, a Sign of Weak Staking Demand

The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June.Source

The SAFER Banking Act Can End Discriminatory Banking Practices

Designed to dismantle barriers to financial services for marijuana businesses, the bill would be beneficial to crypto companies stripped of banking access, says Cody Carbone.Source

Is Sam Bankman-Fried a Sociopath?

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Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs

The new Ethereum layer-2 network’s debut adds to the competition among rival providers of so-called “zkEVMs,” including Polygon and Matter Labs.Source

Westerners See El Salvador as a Template for a New Monetary System

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Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims

U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections.Source