“Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.” — Michael Saylor
Weekly News Report:
1. According to a June 28 filing with the United States Securities and Exchange Commission, Morgan Stanley equity fund owns 28.2K shares of Grayscale Bitcoin Trust, offering further evidence of wider institutional acceptance of digital assets.
2. Germany’s financial market watchdog BaFin on Monday granted the cryptocurrency exchange Coinbase permission to provide crypto custody services and proprietary trading, the first license it has issued for such business in Germany.
3. Ark Investment Management has become the latest firm to file for a Bitcoin exchange-traded fund (ETF). According to a June 28 filing with the United States Securities and Exchange Commission (SEC) submitted in partnership with European exchange-traded product issuer, 21Shares, the ETF would be listed on the Chicago Board Options Exchange’s (CBOE) BZX Exchange
4. Since launching on May 3, CME’s Micro Bitcoin futures contract has already surpassed 1 million contracts traded, the Chicago-based derivatives market announced earlier this week.
5. The Monetary Authority of Singapore is seeking new retail CBDC solutions with a new global challenge offering cash prizes and expert digital currency mentorship.
6. On June 27, the United Nations approved the use of blockchain technology to tackle climate change-related issues amid a spike in carbon emissions in the mining of cryptocurrencies. The UN has also stressed that the technology behind cryptocurrencies and digital assets can be used to fix the global concern of climate change.
7. The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country. Salinas vows to spearhead Mexico’s first Bitcoin-friendly bank.
8. Iran’s Ministry of Industries, Mining and Trade issued operating licenses for 30 crypto mining centers in the country. Tehran Province, which houses Iran’s capital, was awarded only one license to operate a crypto mining center.
9. Bitcoin and the U.S. dollar fell in tandem while the S&P 500 refreshed its record high at open on Friday as the Federal Reserve’s preferred inflation indicator surged to its highest levels in almost three decades.
10. The Purpose Bitcoin ETF, the world’s first Bitcoin ETF, adds $3M per day throughout BTC price dip. Beginning May 15, an average of 86.15 BTC per day entered the ETF for a total of 3,446 BTC.
11. The Silicon Valley venture capital firm Andreessen Horowitz convinced big-time backers, like pension funds, university endowments, family offices, and others, to pour $2.2 billion into a new crypto investment vehicle.
12. Gray Jabesi, the 26-year-old founder of South Africa’s Cryptocurrency University, enrolled 50,000 students in just 3 days.
13. New Oxford Science Academy in Nigeria will now accept cryptocurrency for fee payment. The director of the school said that he thinks one day digital currency will “gain more acceptance” than fiat.
14. El Salvador now offers starter accounts worth $30 to promote cryptocurrency’s use.
15. In India, where households own more than 25,000 tonnes of gold, investments in crypto grew from about $200 million to nearly $40 billion in the past year, according to Chainalysis.
16. Unperturbed by persistent threats of a renewed crypto crackdown from lawmakers, Indian investors have piled $38.8 billion into cryptocurrency and nationwide investments in digital assets have increased by roughly 19,900% over the past year.