Major News Headlines for Today

1. Ripple Applies Bank License To U.S. Monetary Authority Following Circle
Ripple is preparing to become a bank following Circle. Ripple applied for a bank charter requesting the U.S. Monetary Audit Office(OCC) to operate as a national trust bank through its account on Jul. 2, and announced that it will present the U.S. stablecoin standard through Ripple stablecoin RLUSD when it acquires a license. Ripple's announcement sent XRP skyrocketing by about 5 percent on Tuesday morning.

2. Standard Chartered "Bitcoin Reaches $200K At End Of Year"
In a report published by global bank Standard Chartered on Jul. 2, it claimed that the price of Bitcoin(BTC) will reach about $200,000 at the end of this year based on net inflows through exchange-traded funds (ETFs) and purchases by companies.

3. U.S. Arizona Fails to Pass Bill to Establish Bitcoin Holding Fund
Bill No. 2324, which suggested the state's establishment of a Bitcoin fund due to the refusal of Governor Katie Hobbs' final signature, failed to pass on Jul.2. Bill No. 2324 included a provision that the Arizona government could establish a fund with Bitcoin seized.

4. US SEC "Tokenization, Innovation...Enforcement Enforcement Ends Regulation"
Paul Atkins, chairman of the U.S. Securities and Exchange Commission(SEC), said in an interview with CNBC on Jul. 2 that the SEC's regulatory stance toward the cryptocurrency market has changed. He said the SEC is considering tokenization technology as an innovation that should be encouraged in the market and will end regulatory cases through ambiguous laws and regulatory enforcement in the past.

5. U.S. Bitcoin Spot ETF Ends Net Inflow in About a Month
Bitcoin spot ETFs in the U.S. posted a net outflow of about $342 million on Jul. 1, the first net outflow since June 6, according to data from financial data platform SoSoValue.

권승원 기자 ksw@blockstreet.co.kr