Author: Cointelegraph By Ezra Reguerra

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Crypto inflows hit $2B in June, Ethereum sees best week since March with $69M

CoinShares believe the turnaround is due to “weaker than expected macro data in the U.S.” Source link

South Korea labels mass-produced NFTs as virtual assets

NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023. Source link

UK crypto industry publishes Travel Rule navigation guide

The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company. Source link

Galaxy tokenizes violin to secure loan, NFT sales volume tumbles: Nifty Newsletter

NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May. Source link

UAE central bank approves licensing system for stablecoins

KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens. Source link

Bitcoin NFTs hit $4B in all-time sales volume

Bitcoin holds the top 4 spot in all-time NFT sales volume, following Ethereum, Solana and Ronin. Source link

Dubai financial regulator updates crypto token rules for funds

The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens. Source link

Bitcoin transaction value hits yearly high with $25B moved

Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions. Source link

What comes after spot Ether ETF approvals? Execs weigh in

Consensys director of global regulatory matters Bill Hughes interpreted the approval as an admission that Ether is a commodity. Source link

UAE agriculture authority prohibits crypto mining on farms: Report

Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722. Source link