Aggregate trading volumes dropped by 35.4% in July across all cryptocurrency investment product markets, while total assets under management (AUM) declined by 14% compared to the previous month.
JPMorgan has started allowing its wealth management clients to invest in a selection of cryptocurrency funds that include Graysccale’s Bitcoin Trust (GBTC), as well as other products offering exposure to Ethereum, Ethereum Classic, Bitcoin Cash, and more.
Cross-chain decentralized exchange THORChain has suffered a second multi-million dollar hack this month, this time costing around $8 million as the attacker “deliberately limited their impact.”
Sponsored: Another exciting quarter has come and gone and despite the turmoil experienced in crypto markets after mid-May, the Invictus Capital suite of funds has continued to offer investors exceptional returns, with the Hyperion VC (IHF), Margin Lending (IML) and Crypto10 Hedged (C10) Funds all shooting the lights out.
Top stories in the Crypto Roundup today:
- Crypto Trading Volumes Dwindled 35.4% in July
- JPMorgan Starts Offering Retail Wealth Clients Access to Crypto Funds
- THORChain Suffers Second Exploit In a Month
- Coin of the week: Solana (SOL)
- Sponsored: Invictus Capital Q2 2021 Investment Report