What happened last night... July 18th cryptocurrency morning news

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Graphics = Reporter Park Hye-soo
Graphics = Reporter Park Hye-soo
1. U.S. SEC approves two additional Ethereum spot ETF review requests
The U.S. Securities and Exchange Commission (SEC) approved two additional review requests '19b-4' for the Ethereum (ETH) spot exchange-traded fund (ETF). On the 17th (local time), the SEC announced approval of Ethereum Spot ETF Review Request Form 19b-4 applied by ProShares and Grayscale. With this, there are a total of 10 Ethereum spot ETFs scheduled to be launched in the market.

2. Ethereum spot ETF applications filed to disclose fees
Ethereum spot ETF applicants lined up to disclose ETF fees at the request of the SEC. Applicants Bitwise, Blackrock, Grayscale, and 21 Shares, who are awaiting final approval of the ETF's securities report S-1s, set ETF fees of 0.20%, 0.25%, 2.5%, and 0.21%, respectively.

3. U.S. Bitcoin spot ETF records net inflows for 8 consecutive days
It was revealed that the Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States recorded net inflows for eight consecutive days. According to data released by financial dating platform Farside Investor on the 17th, 11 Bitcoin spot ETFs in the U.S. all recorded net inflows over the past three days, earning profits of more than $1 billion.

4. Whale transfers Ethereum to 1665 exchanges… Selling ahead of ETF market launch?
It was revealed that the Ethereum whale transferred approximately 1,665 Ethereum to Binance on the 17th. According to data released by the on-chain analysis platform The Datanerd, the Ethereum Whale Wallet transferred the Ethereum purchased at $2,055 each eight months ago to the exchange.

5. Approximately 87% of short-term Bitcoin holders turn into surplus
When Bitcoin surpassed $64,000, it was revealed that about 87% of 'Bitcoin short-term holders' who held Bitcoin for less than 155 days turned into surplus. Crypto Slate, a media outlet specializing in digital assets (cryptocurrency), reported on the 18th that the profit ratio of short-term Bitcoin holders soared to the highest level since June.

6. Hong Kong regulators announce operation of stablecoin distribution license system
Hong Kong's regulatory authorities, the Hong Kong Monetary Authority (HKMA) and the Hong Kong Financial Services and Finance Bureau (FSTB), announced the implementation of a licensing system for stablecoin issuers in Hong Kong in an official statement on the 17th. HKMA and FSTB announced that they will operate a unique stablecoin licensing system in Hong Kong to ensure transparent and safe distribution of stablecoins to protect Hong Kong investors.

Reporter Seungwon Kwon ksw@

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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