• MicroStrategy has purchased 12,333 bitcoins for around $347 million, bringing its total to 152,333.
• Major asset managers like Fidelity and BlackRock are preparing applications for a spot bitcoin exchange-traded fund (ETF).
• HSBC Hong Kong is supporting Bitcoin and Ethereum futures ETFs, and Mastercard is launching a blockchain-based marketplace for financial applications.
MicroStrategy’s BTC Reserves
MicroStrategy, the company of Michael Saylor, has purchased 12,333 bitcoins for around $347 million, bringing its total reserves to 152,333. This large investment affirms the faith of steadfast crypto supporters in Bitcoin’s moment in the sun.
ETF Applications
Major asset managers like Fidelity and BlackRock are preparing their own applications for a spot bitcoin exchange-traded fund (ETF). With Bitcoin gathering strength above $30,000, another strong move to the upside could be on the way.
HSBC Hong Kong & Mastercard Developments
HSBC Hong Kong, a subsidiary of one of the world’s largest banking and financial services organizations, has recently added support for Bitcoin and Ethereum futures ETFs . Additionally , Mastercard is planning to launch a blockchain-based marketplace for financial applications , propelling the evolution of payment solutions beyond traditional parameters .
Altcoins & Technology Updates
As bitcoin makes its break higher , the spark this has given to the whole crypto sector has set other altcoins alight. Worldcoin , a cryptocurrency project led by Sam Altman , co-founder of AI bot ChatGPT , is partnering with digital identity provider Auth0 to manage World ID logins effectively . Decentralized exchange dYdX will be launching its public testnet of its Cosmos – based blockchain on July 5th . Lastly , Circle , issuer of USD Coin (USDC) stablecoin , announced operationalization of its Cross – Chain Transfer Protocol (CCTP) on Arbitrum .
Business Updates
Ledger announced its latest venture into institutional trading technology . Tether signed an MOU with Government Of Georgia that will position Georgia as central nucleus for blockchain & peer -to -peer technology . Affected Voyager customers can open Gemini accounts until July 23rd 2023 & withdraw their cryptocurrencies directly in accordance with distribution process claims . FTX management announced recovery of $7 billion in liquid assets calling it “substantial progress” in asset recovery . Robinhood Markets plan lay off approximately 150 full-time employees equating 7% workforce . Nevada’s Financial Institutions Division approval granted Bitwise Asset Management SEC license offering digital asset funds within state jurisdiction limits