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Financial markets Wednesday – July 5

1. FTX postpones the opening of the claim portal from July 3 to “next weeks” 2. A proposal appears calling for the Hong Kong Government to issue stablecoins to compete with USDT & USDC 3. UK Senate moves ahead bill empowers the government to seize illegal Crypto 4. Gemini sets a schedule to repay $1.5 billion in debt to DCG and Genesis with an agreement deadline of 3 am on 7/7 5. ParaSpace suspends Azuki NFT pool to protect users against price fluctuations 6. The supply of BTC, ETH on exchanges continuously decreased in June 7. The Ethereum community proposes to issue a new token standard ERC-7265 to improve the security of DeFi protocol Will Hong Kong’s proposal be approved, what will the US take to deal with this problem?

Source: Collector

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