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Latest crypto market insights

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South Korea’s inaugural crypto law goes into full effect — link | tl;dr
Binance U.S. gets court approval to put certain customer fiat funds in U.S. Treasury Bills — link
Digital asset investment products saw further buying with inflows of $1.35bn last week, bringing the last 3 week run of inflows to $3.2bn — link
SEC signs off spot Ethereum ETFs for trading tomorrow — link | tl;dr
BlackRock’s spot Bitcoin ETF posts $527 million in net inflow, largest since mid-March — link | tl;dr
Kraken has started distributing Mt Gox coins — link | theblock | tl;dr
DAY ONE for ETH ETFs, who did $1b in total volume, which is 23% of what the spot bitcoin ETFs did on their first day.

$ETHA did 25% of $IBIT's volume. The gap between $ETHE and The Newborn Eight is +$625m (a sizable chunk of which *should* convert to inflow) — link
Crypto custodian Hex Trust receives in-principle MPI license approval in Singapore — link | tl;dr
US spot Ethereum ETFs saw net inflows of $106.7 million on first trading day — link | tl;dr
This Friday 8 AM UTC, 60K $BTC are set to expire on Deribit with a notional value of $3.99 billion.

Max pain price $63,000, put/call ratio: 0.62
Ethereum max pain price $3,400, $1.73 billion notional value, put/call ratio 0.47
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Bitstamp will start distributing Bitcoin and Bitcoin Cash to Mt Gox creditors on July 25 — link | tl;dr
Wyoming Sen. Lummis plans to announce legislation for Strategic Bitcoin Reserve at Nashville conference — link | tl;dr
Weekly USDC transfers on Base have grown to ~$20B — link
Hashdex files S1 for an ETF that holds Bitcoin and Ethereum, leaves door open for other assets — link | tl;dr
Sygnum's first-half spot crypto trading doubles, derivatives increase 500% — link | tl;dr
On July 24th, second trading day, US spot Ethereum ETFs saw net outflows of $133 million — link
Michael Novogratz’s Galaxy raises $113 million for a new crypto venture fund — link | archive
Bitstamp has started distributing Mt Gox claims — link