#trading

The total net inflows on the second trading day (July 24) turned negative (-$133.16 million), according to data from SoSoValue.

According to the Conference of State Bank Supervisors, an investigation conducted by financial regulators across several U.S. states revealed that the cryptocurrency company Abra was offering trading and investment services without the requisite licenses.

Bloomberg reports that Standard Chartered, a multinational financial corporation, is developing its own platform for trading Bitcoin (BTC) and Ethereum (ETH). This new division will operate as part of the bank's global banking sector, with its management hub based in London.

Consensys has reported that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, deciding not to classify it as a security. This announcement follows the approval of Ethereum ETFs and comes just before the expected start of trading in July.

The Swiss financial regulator (FINMA) has shut down FlowBank, a bank that offered cryptocurrency trading, due to insufficient capital to conduct financial activities. Officials believe the company failed to meet even the minimum legal requirements for banking institutions.

Amanda Pritchard, the Chief Executive Officer of NHS England, has noted a significant rise in the number of people seeking help for issues related to cryptocurrency betting and trading.

Robinhood has entered into an official agreement to acquire the global cryptocurrency exchange Bitstamp. This deal will enable the platform to offer cryptocurrency trading services outside the U.S., as Bitstamp holds over 50 active licenses and registrations worldwide.

July 23 marked the debut of spot Ethereum ETFs in the U.S. trading markets. According to data from a Bloomberg terminal screenshot shared by analyst James Seyffart, the total net inflows amounted to approximately $106.8 million, with the overall trading volume surpassing $1.11 billion.

Elliptic, an analytical company, performed a detailed probe into the Asian trading platform Huione Guarantee, which has attracted significant attention from fraudsters.

Mikko Ohtamaa, a developer of the algorithmic trading protocol TradingStrategy․ai, has voiced concerns about the auditing company CertiK. According to Ohtamaa, CertiK independently adds projects to its Skynet rating list, which assesses cybersecurity, decentralization levels, and more.

The Italian government intends to tighten control over the cryptocurrency market, including imposing hefty fines of up to €5 million for insider trading and asset manipulation. The proposed decree is pending approval from the Council of Ministers.

Itaú Unibanco, a Brazilian bank, has announced that its BTC and ETH trading services are now accessible to all clients.

Robinhood's legal team is nearing a settlement with investors who sued the platform for halting the trading of GameStop meme stocks in 2021. A resolution and closure of the case are expected within the next two weeks.