Global

The cryptocurrency market is experiencing a significant uptick in trading volumes, with projections indicating that the U.S. will spearhead this growth, surpassing $2 trillion in trading activity.

South Korea is implementing a new regulatory measure aimed at cryptocurrency operators in the country. Effective July 19, the Financial Services Commission (FSC) introduced the ‘Virtual Asset User Protection Act,’ which mandates a supervisory fee based on the operating revenue of South Korean crypto exchanges.

Bitbank Inc., a leading Japanese cryptocurrency exchange, is gearing up for a significant milestone by preparing for an initial public offering (IPO) on the Tokyo Stock Exchange (TSE). This move positions Bitbank as the second Japanese crypto exchange to seek a public listing, following Coincheck’s planned merger to go public on Nasdaq.

Spot Ethereum ETFs marked their first positive day since their launch, ending a four-day streak of negative performance. The rebound came after a week of substantial outflows, particularly led by Grayscale’s Ethereum Trust (ETHE), overshadowing the initial success of ETH-based investment products.

Riot Platforms, a major player in the Bitcoin mining industry, reported total revenue of $70 million for the recent quarter, a decrease from the $76.7 million recorded during the same period last year. This decline is largely attributed to the Bitcoin halving event that took place in April.

In a landmark fundraising event, former President Donald Trump raised an impressive $25 million from key figures in the cryptocurrency industry. This high-profile event, held at a Bitcoin conference in Nashville, marks one of the largest single fundraising events for Trump’s campaign to date.