Valkyrie Digital Assets refiled its application for a spot bitcoin exchange traded fund (ETF) with the U.S. Securities and Exchange Commission, joining asset managers including BlackRock and Fidelity in …

The FCA’s regulations provide greater legal clarity for developers but place additional compliance burdens on companies marketing cryptocurrencies, says Preston Byrne, a partner at Brown Rudnick. Source: https://www.coindesk.com/consensus-magazine/2023/07/05/uk-blazes-trail-with-new-cryptocurrency-rules/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Danish bank Saxo has been ordered by Denmark’s financial regulator to shed its own holdings of cryptoassets. Source: https://www.coindesk.com/policy/2023/07/05/denmarks-financial-watchdog-orders-saxo-bank-to-shed-its-crypto-holdings/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Holders of Aave, the token that underpins its namesake’s decentralized finance (DeFi) protocol, are taking part in a governance vote that will decide whether 1,600 ether (ETH) in the …

The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings Source: https://www.coindesk.com/policy/2023/07/05/binance-australias-offices-searched-by-financial-regulator-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm …

PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn’t a good look for Web 3. Source: https://www.coindesk.com/markets/2023/07/05/first-mover-asia-bitcoin-holds-above-305k-at-the-end-of-a-quiet-long-weekend/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bill, introduced in September, now enters its final stages in Parliament. Source: https://www.coindesk.com/policy/2023/07/04/uk-lords-pass-bill-to-help-seize-and-freeze-crypto-used-for-crime/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said. Source: https://www.coindesk.com/markets/2023/07/04/bitcoin-ether-supply-on-exchanges-fell-in-june-goldman-sachs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines