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1️⃣ Spot ETH ETFs Officially Launching Next Week
Mark your calendars! Five spot Ethereum ETFs, including via major names like Fidelity and VanEck, will officially launch on July 23rd. Cboe, the exchange where these ETFs will trade, confirmed this in new issue notifications published on Friday. Bloomberg analyst Eric Balchunas previously hinted that firms would "request effectiveness" next Monday, and his predictions about the July 23rd launch date have proven accurate.
UPDATED Table of
— James Seyffart (@JSeyff) July 18, 2024Ethereum ETFs and their fees that are set to launch next week. Grayscale's $ETH will now be the lowest cost ETF at 0.15% pic.twitter.com/UjoaHvHegH
2️⃣ Bitcoin's Price Soars Amid ETF Inflows
Since hitting (most likely) the bottom last week, the BTC price climbed 14%, touching $66K before correcting down to ~$64K. This came amid a record nine-day streak of ETF inflows propelling its price upwards even as 
Mt. Gox selling pressure began to come online. Many believe Trump’s assassination attempt also boosted the market, aided by his announcement of crypto-supportive senator J.D. Vance to be his running mate.
Last time BTC broke a level like this we pumped 375% pic.twitter.com/M5GKsCTFQL
— The Crypto Dog 📈 (@TheCryptoDog) July 19, 2024
3️⃣ Mt. Gox Redistributions Kick Off, BlockFi’s Are Near, and FTX Settles for $12.7B
Mt. Gox, infamous for its 2014 hack, began moving $3.1B in BTC to exchanges like Kraken, facilitating payouts to past users who should receive funds over the next two weeks. BlockFi, the bankrupted lending service, also announced they will begin distributions this month with the help of Coinbase. Finally, in the FTX saga, the estate settled with the CFTC for $12.7B, marking a crucial turn in its reorganization efforts. This settlement, awaiting court approval, underscores a shift to now prioritizing creditor recoveries over regulatory penalties.
— GravitySucks (@Gravity5ucks) July 16, 2024
Kraken just sent an email to mtgox creditors that coins are arrived. pic.twitter.com/h0QlYsaFWP
4️⃣ Nearly $250M Lost in Hacks
WazirX, one of India's largest crypto exchanges, faced a severe security breach of its multisig, which resulted in $230M worth of tokens being stolen. This incident could pressure India's already cautious crypto regulatory landscape, potentially leading to stricter security and investor protection policies. WazirX was not the only hack this week, with cross-chain protocol LI.FI seeing an $11.6M hack. It has since become safe to use again.
WazirX hacked for over $230m USD (2,000 cr INR)
— Mudit Gupta (@Mudit__Gupta) July 18, 2024
Their safe multisig was compromised and drained.
The hackers started practicing the hack onchain at least 8 days ago and finally executed it today.
It's a very methodical and organized attack, pointing towards DPRK as the hacker. pic.twitter.com/HziVY7dCoq
5️⃣ 
Polymarket Hits Another Trading Volume All-Time High
This cycle’s darling app Polymarket once again hit new all-time highs in trading volume, fueled by more political uncertainties and high-profile additions like Nate Silver, a prominent election poll analyst, to its advisory board. This surge in activity highlights the growing influence of prediction markets in financial and political discourse, offering a novel avenue for speculative and hedging opportunities in the crypto space. As of Thursday, the decentralized prediction market’s July volume sits at $142M.
Still can't believe this is all playing out on @X and @Polymarket in real-time. pic.twitter.com/2qZ8eItZn0
— Antonio García Martínez (agm.eth) (@antoniogm) July 18, 2024
