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# CRYPTO ANALYSIS

Crypto Pre-drink: July 18, 2024

KEYTAKEAWAYS

  • SEC approves Grayscale and ProShares spot Ethereum ETFs.
  • Greek government plans to tax cryptocurrency by 2025.
  • Grayscale launches a fund for decentralized AI in crypto.
  • WazirX exchange suffers a $235 million hack.

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.

 

 

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DISCLAIMER

CoinRank is not a certified investment, legal, or tax advisor, nor is it a broker or dealer. All content, including opinions and analyses, is based on independent research and experiences of our team, intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.

 

We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.


WRITER’S INTRO

CoinRank Exclusive brings together primary sources from various fields to provide readers with the most timely and in-depth analysis and coverage. Whether it’s blockchain, cryptocurrency, finance, or technology industries, readers can access the most exclusive and comprehensive knowledge.


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