Weekly Charts

1. According to PWC’s 5th Annual Global Crypto Hedge Fund Report (2023), when asked for the top factors when selecting a trading venue, respondents placed significantly more importance on platform security, which now comes a close second to liquidity.

2. According to Unveiling the Crypto Market: A Comprehensive Guide to Exchange Activities (CEX & DEX) in H1 2023 by CMC Research, the top 20 exchanges contributed $1.67 trillion in total spot trade volume in Q2 2023, reflecting a significant 36% drop compared to the previous quarter.

Weekly News

1. Macro Environment

Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases
The producer price index (PPI) for June had a smaller-than-expected increase, the Labor Department reported Thursday, in the latest sign that inflation is calming in the United States.

2. Institutional News

Vanguard Now Owns $560 Million Worth of Bitcoin Mining Stocks.

Nomura’s Laser Digital added anew partner as it expands its crypto VC arm.

The race for the first spot bitcoin ETF in the U.S. continues as the CBOE amended five filings on Tuesday to add that it has “reached an agreement on terms” with Coinbase to enter into surveillance-sharing agreements.

Europe’s first bitcoin exchange traded fund is expected to be publicly listed this month, 12 months after its planned launch.

3. Regulation

Ripple scores partial win in SEC court fight over XRP
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC
South Korea will require domestic companies to disclose cryptocurrency holdings starting next year as part of new accounting rules, its financial markets regulator said last Tuesday
EU Securities Agency Issues First Batch of Detailed Crypto Rules

4. Market and crypto projects

Venture funding for web3 fell around 80% in the first quarter of 2023 from the same quarter a year earlier, according to K33 Research and the block.
Tokenized U.S. Treasurys Surpass $600M as Crypto Investors Capture TradFi Yield
Founder of Aave: Transparent, decentralized stablecoins are suited well for payment settlements.
Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games

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