Alternative Assets Dip, Goldman Sachs Explores Tokenization, Trump’s Federal Reserve Visit
Bitcoin’s market share is growing, while XRP is causing other altcoins to decrease in value. Ethereum ETFs have experienced positive inflows for the past two weeks consecutively. Goldman Sachs and BNY Mellon are preparing to introduce funds represented as digital tokens. A comprehensive report on the US cryptocurrency landscape is scheduled for release on July 30th. Substantial Ethereum withdrawals, totaling $1.7 billion, were made from Aave by large investors in the past week. Marathon Digital (MARA) secured $850 million in funding specifically for acquiring more Bitcoin. Nature’s Miracle is establishing a treasury denominated in XRP. Tether is considering entering the United States domestic market. The Securities and Exchange Commission (SEC) has delayed the approval process for Bitwise’s broad-market ETF. FTX plans to initiate the next phase of creditor distributions starting September 30th. Societe Generale will be offering liquidity support for Exchange Traded Products (ETPs). KeyBank is preparing to offer cryptocurrency custody and trading services.