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Bloomberg: Singapore Becomes the World’s Leading Digital Hub
Singapore and Hong Kong have long competed to establish themselves as global hubs for digital assets. Both financial centers have introduced regulatory sandboxes, tokenization initiatives, and legal frameworks to attract crypto companies. Now, one city has emerged as the clear leader.Dragonfly Capital Sets Sights on New Fund
Bloomberg reports that Dragonfly Capital, a crypto-focused venture company, is preparing to raise $500 million for a new fund aimed at early-stage blockchain projects. So far, over $250 million has been secured, with the full fundraising expected to be completed by the first quarter of 2025. Trump Fears Ceding Crypto Market Leadership to China
As cryptocurrencies continue to dominate the US election discourse, Donald Trump discussed the implications for the crypto market in a detailed interview with Bloomberg Businessweek, touching on topics like cryptocurrencies, NFTs, and the chip industry. OpenAI to Provide Free AI Services to Apple
Bloomberg sources report that Apple won't be paying OpenAI for using its artificial intelligence features (ChatGPT) in its products, at least at the start of their collaboration. Apple believes that the value of embedding OpenAI’s technology into millions of its devices outweighs monetary payments. Shift in Analysts' Predictions for Ethereum Spot ETF
Eric Balchunas, the Senior ETF analyst at Bloomberg, has scaled back his optimism regarding the approval of a spot Ethereum ETF, now assessing the chances at 35% by the May deadline. He emphasizes, however, that approval remains a possibility, especially looking ahead to the longer term. Fresh Details Emerge on the FTX Hack Incident
The U.S. Department of Justice has leveled charges against three American individuals for committing fraud through SIM card swaps. Bloomberg reports that among the companies affected was the cryptocurrency exchange FTX, which suffered a loss of over $400 million in client assets in the aftermath of its bankruptcy announcement. 
A Recap of the First Day in U.S. Spot ETH ETF Trading
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. Banking Giant Targets Bitcoin Trading
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. 
OpenAI Prepares to Launch Strawberry
Bloomberg reports that OpenAI is on the verge of releasing its latest AI model, named Strawberry, which is expected to improve its ability to reason through tasks. A limited access release is planned for this week, though no public launch date has been announced. Spot ETH ETFs are Set to Launch Amidst Mt. Gox Reimbursements
Bloomberg's senior ETF analyst, Eric Balchunas, has revealed that the SEC asked applicants to submit their final S-1 form documents by Wednesday, along with a request for effectiveness on Monday. This suggests that the launch could happen on Tuesday, July 23. FTX Executes Sale of 25-30 Million SOL Tokens at $64 Apiece
In a move by the bankrupt exchange FTX, between 25 to 30 million SOL tokens have been sold to Galaxy Trading and Pantera Capital for $64 each, according to anonymous sources cited by Bloomberg. This transaction is valued between $1.6 to $1.92 billion, though the exact date of the sale remains undisclosed. OpenAI Dismisses Musk's Accusations
OpenAI, an artificial intelligence research and deployment company, has rebutted Elon Musk's claims of prioritizing profit maximization and violating their agreement on creating artificial general intelligence (AGI). This revelation stems from an internal memo obtained by Bloomberg. 