FameEX Morning Crypto News Recap | July 18, 2023

Bitcoin Dominates 99% of the Market as Crypto Investment Funds Witness Influx of Inflows
Bitcoin continues to dominate the market with positive digital asset inflows, rising for the fourth week in a row, totaling $137 million. The ongoing momentum is fueled by factors like a recent legal win for the crypto community in the SEC v. Ripple case.

SEC Voices Disappointment on XRP Ruling's Effect on Retail Investors — Chair Gensler Hints at Heightened Crypto Industry Enforcement
SEC Chair Gensler voiced disappointment regarding the XRP ruling, specifically its impact on retail investors. He highlighted ongoing assessment of the opinion and reaffirmed the SEC's commitment to enforcing crypto industry regulations and ensuring compliance among crypto firms.

G20's Financial Stability Board Calls for Worldwide Crypto Regulations to Minimize Risks of Crypto 'Spillover'
The G20's Financial Stability Board (FSB) has issued guidelines for a global regulatory framework overseeing crypto assets, urging nations to address the risks cryptocurrencies pose to global financial stability. Recent events have underscored the vulnerabilities of crypto assets and related entities, according to the FSB.

Decentralized Finance Sector's Total Value Locked (TVL) Hovers at $44B, Falling Short of the $50B Milestone
Decentralized finance (defi) has consolidated, with $44.19 billion TVL by July 17, 2023. Throughout the year, except for a brief 7-day period in April, the TVL has consistently remained below $50 billion.

Chainalysis Reports Significant 65% Decline in Crypto Crime During 2023
According to Chainalysis, cryptocurrency-related crime has significantly declined in 2023. Inflows to illicit entities have fallen by 65% compared to the previous year, while inflows to risky entities have decreased by 42%, indicating positive trends in the fight against crypto-related illicit activities.

Bitcoin's Value Dips Below $30K as Macro and Regulatory Concerns Intensify
Regulatory and macroeconomic worries cast a shadow on Bitcoin's price, leading to a downward trend. Despite an increasing demand for Bitcoin futures in derivatives markets, the sluggish performance of Asian markets adds to the overall challenges confronting BTC.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.