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Analysis
Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny
The city’s new licensing regime paves the way for exchanges to operate legally and serve retail clients but tough compliance requirements could cost firms as much as $20 million, industry insiders say.

Bitcoin Remains Unmoved by Rise in Jobless Claims, Treasury Rates
Treasury yields hit 10-year highs, sounding a note of potential caution for risk markets, cryptocurrencies, but bitcoin continued to be unstirred by macro events.

Namibia Sets the Stage for National Crypto Strategy With New Law
The Virtual Assets Act is just a “skeleton” of what a crypto regime could look like, but it sets the foundation for more laws and regulations, lawyers say.

Bitcoin Sees Little Boost From Fitch Downgrade, Slumps on Binance Contagion
Correlations between movements in the crypto and stocks have turned negative of late.

Bitcoin Looking Oversold, but Any Bounce Could Be Disappointing
Any macro catalysts for bitcoin may have to wait until after Labor Day.

Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
Though the industry legislation has reached unprecedented heights, the wins may be too messy to open a path to the finish line this year.

Bitcoin and Ether Trade Quietly, but Lesser Known Names Boast Strong Performance This Week
Origin Protocol and Kyber Network lead the way among altcoin gainers.

Bitcoin’s Shrugs Off Positive Economic Data as Slow-Moving July Continues
Further confirmation of a slowdown in inflation failed to push prices higher on Thursday.

Ukraine Has Raised $225M in Crypto to Fight Russian Invasion, but Donations Have Stagnated Over the Last Year: Crystal
Ukraine attracted over $225 million from supporters around the world, while Russian military fundraisers only scored several millions.
