Crypto Pre-drink: July 18, 2024

KEYTAKEAWAYS

TABLE OF CONTENTS

• KEY TAKEAWAYS
• SEC Approves Ethereum ETFs
• Grayscale’s Decentralized AI Fund
• WazirX Exchange Hack
• Greek Government’s Crypto Taxation Plans
• DISCLAIMER
• WRITER’S INTRO

CONTENT

In the Crypto Pre-drink, we serve up a daily shot of the hottest crypto news and market insights to fuel your investment decisions.

SEC Approves Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has approved the listing of Grayscale and ProShares spot Ethereum ETFs on NYSE Arca. These ETFs represent a significant step towards mainstream adoption and integration of cryptocurrencies in traditional finance. The final S-1 approvals are pending before trading begins.

Grayscale’s Decentralized AI Fund

Grayscale has announced the launch of a pioneering fund dedicated to decentralized AI within the crypto space. This fund aims to support blockchain-based AI projects, driving innovation in decentralized finance and other sectors. It underscores Grayscale’s commitment to exploring cutting-edge investment opportunities.

WazirX Exchange Hack

WazirX, a prominent cryptocurrency exchange, has reported a security breach resulting in a loss of $235 million. The incident highlights ongoing security vulnerabilities in the crypto market. WazirX is currently investigating the hack and collaborating with authorities to recover the stolen assets.

Greek Government’s Crypto Taxation Plans

The Greek government plans to implement cryptocurrency taxation by 2025. This move aims to integrate crypto assets into the national tax system, ensuring fair taxation of crypto transactions. The legislation is part of a broader effort to modernize Greece’s financial infrastructure and comply with EU directives.