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Daily News Headlines | Latest Crypto News (2nd July) | Cryptoknowmics

Here are the top 5 crypto news for the day!

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.

 

SkyBridge Capital is Launching an Ethereum Fund and ETF

 

New York Financier Anthony Scaramucci announced that his investment firm SkyBridge Capital is going big on Ethereum. The company is launching a private Ethereum fund as well as an Ether-based exchange-traded fund(ETF).  So far, SkyBridge Capital has solely focused on Bitcoin with roughly $500 million in the flagship cryptocurrency.

 

Balancer Launches its Network on Polygon to Save Gas Fees

 

Balancer Protocol has announced the launch of its network on top of the Layer 2 solution – Polygon – to save gas fees for its consumers. Balancer announced additional token incentives as part of the transition from Ethereum, which went into effect on June 28th.

 

TeraBlock Allies With Binance Cloud to Address Potential Issues

 

Automated crypto trading platform TeraBlock has partnered with Binance Cloud, a blockchain infrastructure provider, to address potential issues with security and liquidity. The agreement will bolster TeraBlock’s efforts to provide a seamless experience for both inexperienced and expert crypto traders.

 

Robinhood Reveals Financial Performance Ahead of IPO, Discloses $11.6 Billion in Crypto Holdings

 

Robinhood is probably one of the best-known brands among the millennials and it has recently revealed its financial performance ahead of its IPO. Along with disclosing $11.6 billion in crypto holdings, Robinhood is most likely to list shares in the month of August or September.

 

US State Department Advises El Salvador to Regulate Bitcoin

 

Victoria Nuland, the Under Secretary of State for Political Affairs at the US Department of State, asserted that El Salvador must regulate Bitcoin(BTC) within its new legal framework. Nuland revealed her suggestion during a press conference following her meeting with the country’s President Nayib Bukele.