SEC says bitcoin ETF application is insufficient, but will it finally be approved[Weekly Review: 7/1-7/7]| CoinDesk JAPAN

We have heard the disturbing news that the SEC said that the Bitcoin ETF application was “insufficient,” but it is also advice to applicants, and it seems that the move toward approval is moving forward.

Attention of the week! : Change of mind for Fink CEO?

BlackRock CEO Larry Fink, known for his crypto skepticism, has made positive comments about Bitcoin. The title may be a little over-focused, but it is a symbolic example of the bullish stance on Bitcoin from major institutional investors.

Bitcoin: Steady progress

Although there was a phase of temporary decline due to the SEC remarks, Bitcoin remained steady. There are no major bearish factors at present.

Bitcoin ETFs: Surveillance Sharing Agreements in the Air

The Bitcoin ETF has attracted attention for its “surveillance sharing agreement”. The SEC called some of the filings “insufficient” because they didn’t identify partners in the surveillance sharing agreement. Each company has reapplied by specifying Coinbase, but I wonder if the SEC’s suit against Coinbase will have any impact.

Bitcoin Cash: Will Momentum Continue?

Bitcoin Cash has been a hot topic for a long time. Will the momentum continue in July? It seems that the upside factors are about to run out, but there is a possibility that it will be driven by the movement of Bitcoin.

Market trend

The generally bullish news grabbed the reader’s attention. In the second half of 2023, will the “crypto asset winter” melt?

NFTs

After being criticized for its new collection, Azuki is trying to make up for it. As the field is still new, trial and error is unavoidable. BAYC hasn’t had any notable news recently.

One More Thing…

Two more this week. In Japan, “security tokens (digital securities)” have become active. 2023 may finally be the first year.

Taylor Swift reportedly threw tough questions at FTX representatives during negotiations for a sponsorship deal and didn’t get satisfactory answers, so she didn’t sign the deal. followed. However, it seems that it was FTX who dropped out of her contract.

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｜Text and editing: Takayuki Masuda
｜Image: Shutterstock