Wall Street launches its crypto exchange! (+3 additional news & Ari10 Update)

What happened this week in the crypto space??

GM! This is Mateusz Kara.

And you've just found the best place in the crypto space to know more about the blockchain industry. I'm also giving you updates on my biz.

In Today's edition:

1/ Wall Street launches its cryptocurrency exchange - EDX!

2/ CZ reveals when the bull market will begin

3/ BlackRock CEO is a Bitcoin bull

4/ Several companies trying to create Bitcoin ETFs

+ Ari10 company update

Sounds interesting? I think so.?

Let's dive deeper into the crypto rabbit hole:

1/ Wall Street launches its cryptocurrency exchange - EDX!

The EDX Markets it's a new platform for trading cryptocurrencies, catering to large institutions. It is backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab. On this exchange, you can purchase Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Why specifically these assets??

As explained by Jeff Feng, co-founder of Sei Labs, in media interviews, these "particular cryptocurrencies are typically perceived as commodities by regulatory bodies, which significantly mitigates potential legal challenges."

The timing of this exchange is also intriguing, as it coincides with the SEC's lawsuits against major companies on the market (including Binance and Coinbase). So far, EDX remains unaffected by these legal actions. The offering of that's platform provides a clue to smaller investors about which cryptocurrencies are legally secure. However, that doesn't mean the company's offering won't expand.

"For now, these four traditional cryptocurrencies give investors a taste of the crypto world. However, the situation may change. With the evolution of regulations and understanding of different cryptocurrencies, the market becomes more sophisticated, and we can anticipate exchanges like EDX expanding their offerings," added Feng.

P.s. Remember that you can also acquire Bitcoin and other cryptocurrencies on Ari10 Exchange.

2/ CZ reveals when the bull market will begin

Changpeng "CZ" Zhao, CEO of Binance, admitted his exchange is preparing for the next bull market. During a Q&A session, he acknowledged that this year has been quite successful for trading volumes. He added that the most difficult time for his company was after the FTX crash, in November 2022. Many people were likely hesitant to invest in cryptocurrencies at that time, and Bitcoin and altcoin prices were declining. As we now know, it was an optimal time to re-enter the market.

But what is driving the current trading volume increase? Zhao believes that it is the result of several major entities seeking to establish a Bitcoin ETF. Additionally, the market anticipates the next halving, expected to be in spring 2024.

If CZ is correct, the next full bull market will be in 2025, following previous cycles' patterns.

3/ BlackRock CEO is a Bitcoin bull

BlackRock's CEO, Larry Fink told Fox Business that "cryptocurrency is the digitization of gold." He added that "U.S. regulatory bodies should consider how an ETF directly linked to Bitcoin could democratize finance."

"Bitcoin is an international asset. It is not based on any specific currency, which is why it can represent an alternative solution for investors," he said.

Of course, the entity managed by him recently applied with the SEC to create a spot Bitcoin ETF. This is a strong indication that the company sees significant potential in BTC.

4/ Several companies trying to create Bitcoin ETFs

In the background, we see the aforementioned efforts to establish a BTC-based ETF by several firms. The Securities and Exchange Commission (SEC) has already preliminarily rejected Nasdaq and Cboe applications. However, these entities are not giving up.

The SEC criticized Nasdaq and Cboe for not specifying which cryptocurrency exchanges they plan to collaborate with for the ETF issuance. This does not eliminate their chances of creating the fund; they just need to update their applications with certain data (it is already known, for example, that Cboe intends to collaborate in this field with Coinbase). Other remaining companies will likely do the same, which could expedite the SEC's decision-making process.

ARI10 COMPANY UPDATE ??

June is over so it's time for a recap! ????

ARI10 Staking Proposal: We’ve Got a Decision ??

Our token hodlers unanimously decided to close down the current staking on July 1 and unlock all tokens with rewards immediately.

Q&A On Telegram With Grzegorz Wojtyniak ??

Grzegorz answered questions from the community and made interesting announcements about the ARI10 token.

The Ari10 Team Participated In The BTC Prague ??

During the conference, we made new contacts, which may result in more partnerships in the future.

Ari10 Team Attended Web3 Berlin Conference ??

We met there many interesting people, and certainly the new connections will help us improve our project. Moreover, I have spoken during a panel entitled “MiCA is coming to Web3.0 — What’s around the corner for crypto businesses?”.

Announcement Of Partnership With Chain4Energy ?

Within our Ari10 Gateway product, we have teamed up with a blockchain project operating in the energy industry — Chain4Energy.

The Second Flagship Ari10 Exchange Office Opened ??

We expanded our cooperation with Aleksander Klupczynski’s stationary crypto exchange in Krakow. It was not chosen by accident. It has a firmly established position on the market and has made a solid reputation over many years of business activity.

Expanding The Legal Team With Another Expert ?

Mikolaj Butkiewicz — a graduate of the Faculty of Law and Administration at Adam Mickiewicz University in Poznan — joined Ari10. Mikolaj specializes in commercial and business law. However, he has strong experience in new technologies, including start-ups, investment funds, and browser games.

And that’s all for today. Thanks for your time, investors & Crypto Geckos! ?? ????

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Thanks for your feedback and see you next week!?

Mateusz Kara