Grayscale ETF, South Korea Crypto Laws, Trump’s Plans ⚡️ Hamster News Weekly

⚡️Hamster News⚡️

Hey Hamsters! 🐹 From a new Grayscale exchange-traded fund and Trump-centered frenzy to new regulations in South Korea. This week was a busy one. Are you ready for what’s in store? With the crypto asset manager Grayscale announcing plans to spin off a portion of its flagship Bitcoin fund, GBTC, into another new ETF. The SEC then gave the check mark on the Grayscale Ethereum Mini Trust and the ProShares Ethereum ETF to list and came after the good ol’ Form 19b-4 filing. On July 17, the highly talked about new regulations from South Korea were announced, and came into effect just two days later. These regulations are designed to protect users buying and storing crypto with service providers. Other major headlines of the week centered around Donald Trump: his new NFT collection, themed meme coin frenzy after an assassination attempt, revealed donations in crypto. The major Indian crypto exchange WazirX suffered a security breach resulting in a loss of nearly half their assets ($235 million) from one of its multisig wallets. At the same time, some crypto addresses affiliated with bankrupt exchange Mt. Gox recently saw 96,396 Bitcoin worth approximately $6 billion moved to three unmarked wallets. Well, that’s all for today! Subscribe and remember: Hamsters are power 💪

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🖇 SEC approves Grayscale and ProShares Ethereum ETFs
South Korea implements comprehensive cryptocurrency regulation
Donald Trump's new NFT collection: meme coin frenzy and crypto donations revealed
The hack of the week: WazirX lost $235 million in security breach
Mt. Gox moves 96,396 Bitcoin to unmarked wallets, fueling selloff concerns