MARKETS DAILY: Crypto Update | Bitcoin ETPs Remain Hot, Nasdaq Halts Plan for Crypto Custody Service

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Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 19 July 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest markets updates and crypto news. Today's episode is sponsored by Kraken Pro. Today's Stories: GOP Lawmakers Suggest Gensler's SEC Is Gaming News Cycle to Thwart Crypto Legislation Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions U.S. Secret Service Seizes Funds From Bahamian Bank Deltec Amid Fraud Investigation Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch First Mover Americas: Investors Pile Into Bitcoin ETPs Following BlackRock ETF Filing - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of Markets Daily is sponsored by Cracken.
0:08.2	It's Wednesday, July 19th, 2023, and this is Markets Daily from CoinDisk.
0:13.6	George Kulutis here again for your daily news roundup.
0:16.8	On today's show, we're talking Bitcoin regulation, the latest headlines, and more.
0:21.5	And just a reminder, CoinDesk is a news source and does not provide investment advice.
0:32.1	Bitcoin and Ether have recovered a bit after falling below their respective $30,000
0:37.0	and $1,900 support levels
0:39.2	during the day yesterday and moved above those levels during Asian afternoon trading hours
0:43.8	on Wednesday.
0:44.9	The main news for the big cryptocurrencies remains the amount of money being poured into
0:49.6	Bitcoin exchange traded products.
0:52.0	New data from K33 research shows that the Bitcoin equivalent exposure of exchange-traded products. New data from K-33 research shows that the Bitcoin equivalent
0:55.7	exposure of exchange-traded products listed worldwide increased by 25,202 Bitcoin, which is roughly
1:02.7	$757 million in the four weeks prior to July 16th. That's the second highest monthly net inflow
1:10.5	surpassed only by inflows seen
1:12.4	following the launch of pro-share's futures-based ETFs and other futures-based
1:17.4	ETFs in October 2021. Elsewhere, XRP futures set open interest record high for 2023,
1:24.8	climbing above $1.1 billion in the past 24 hours.
1:29.4	XRP tokens surge as much as 6% for a second straight day of gains, even as major
1:33.9	cryptocurrencies, remained little changed.
1:36.8	The tokens touched 80 cents, matching last week's highs before pulling back.
1:41.6	The recent interest in XRP tokens comes after last week's U.S. court ruling that the
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