Bitcoin (BTC) responded positively to the mid-week dip below $63,500, rallying to exceed $68,000. Former United States President Donald Trump spoke at the Bitcoin Conference 2024 and announced big plans to promote crypto in the country if re-elected. 

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The recent introduction of spot Ethereum ETFs was expected to be revolutionary. However, investor interest seems to be skewed heavily towards Bitcoin, causing Ethereum to lag behind. During the first week of trading, ETH fell to $3,086, mirroring the Bitcoin spot ETF debut.

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HSBC has announced that, starting July 24th, 2024, their Australian division will block payments to cryptocurrency exchanges, becoming the latest major bank to avoid the industry, citing concerns about scams.

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The Solend protocol on Solana (SOL) has been rebranded as Save. This update includes the introduction of a new stablecoin, liquid staking token, and a platform for shorting memecoins.

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Swan Bitcoin, a company specializing in Bitcoin investments, has decided against pursuing its initial plans to become publicly traded and is winding down its managed mining operations.

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Toyota is investigating the potential of integrating Ethereum blockchain technology into its vehicles. 

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It has been an incredible week for companies around the globe in terms of securing funding to fuel their growth and innovation. Here are some of the latest investment highlights between July 16 - 22.

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